Daewoo returns to India via EBG Group, plans ~100 stores by 2027 with Rs 100 cr push
EBG Group has signed a Daewoo brand licensing deal with POSCO International, committing Rs 100 cr over three years to build a home and kitchen appliances retail footprint of around 100 stores by 2027. Separately, nutrition D2C The Func. Lab raised $1.5M and luxury commerce player The Capitalist Ventures raised Rs 10 cr.
EBG Group signs Daewoo brand licensing with POSCO, committing Rs 100 cr over three years and ~100 stores by 2027 in home appliances. Also: The Func. Lab nutrition D2C raises $1.5M; The Capitalist Ventures luxury commerce raises Rs 10 cr.
Why this matters
Daewoo re-enters India's appliances market through EBG Group, betting Rs 100 cr on a ~100-store footprint by 2027 in the home and kitchen category.
Store-opening activity is steady with 348 signals in the last 90 days.