MAM
Nikhil Kamath invests in One Hand Clap to support new-age brand storytelling in India
MUMBAI: In a fresh twist to the Indian advertising playbook, Zerodha co-founder and a prominent investor Nikhil Kamath has put his weight behind One Hand Clap Media — a rising creative agency founded by former AIB heads Aakash Shah and Naveed Manakkodan.
Kamath’s investment marks a vote of confidence in the agency’s mission to build content-first, digital-native storytelling that moves at the speed of the internet. In a marketplace where traditional campaigns are losing steam, One Hand Clap’s high-impact narratives and lightning-fast execution have made it a go-to name for Indian brands that want relevance and recall.
Known for their campaigns for Swiggy, BGMI, Netflix India, Bumble, Cred, Ather, Emotorad, and Prime Video India, the agency has carved a reputation for weaving story with speed. From writing and producing ad films to running influencer and digital mandates, One Hand Clap offers end-to-end creative firepower.
“Nikhil gets our DNA, and our visions align,” said One Hand Clap co-founder Shah. “We both never cared for the status quo; we have always aimed to disrupt it, defy the metrics and algorithms to tell stories, not just campaigns for our clients”.
Co-founder Manakkodan added, “Nikhil’s investment validates our thesis that in today’s rapidly evolving digital landscape, speed and authentic storytelling are paramount. This partnership fuels our ambition to redefine the agency model, delivering impactful creative solutions with unparalleled agility”.
For Kamath, the deal is part of a wider plan to back India’s rising creative and entrepreneurial talent. “Through this partnership, Kamath is betting not just on content but on the creators driving the next wave of Indian brand-building”, the company noted.
The creative agency space is seeing a churn, with speed, relatability and innovation becoming non-negotiables. One Hand Clap’s sharp creative engine, coupled with Kamath’s entrepreneurial acumen, signals a new wave in adland where business meets culture, and memes could be just as powerful as media buys.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
