Online lingerie retailer Zivame is set to raise $40 million from Malaysian sovereign wealth fund Khazanah Nasional Berhad and Mumbai-based investment firm Zodius Capital. The deal would value the 4 year old company at $100 million.
In a big and bold move, Google’s co-founder and now former CEO Larry Page announced that Google will go through a big restructuring.
In a move to encourage and incubate entrepreneurs in the state, 50 young mobile application developers will receive Startup Kits as part of the Youth Entrepreneurs Scheme (YES) 2015 in Kerala.
While sometimes this Baba may shock some of the more rationals in the country with a few shocking statements, (Ayurveda can “cure” AIDS, crossdressing appearances and whacky antics, what one can’t take away from the maverick is his success, his hard work, and his business savvy. He’s an unlikely entrepreneur that without the fanfare of a Bansal or a Birla is quietely, (and sometimes not so quietly) touching lives in ways that a Flipkart or a Unilever may not.
Unilever was recently called out in a video put together by the activist campaigning group Jhatkaa, highlighting the issue of mercury poisoning and environment pollution caused by a former Unilever factory set up in Kodaikanal, a hilly town in the Indian state of Tamil Nadu. The company responds, refuting most of the allegations.
Here is a roundup of some of the traditional businesses that are feeling the pinch of the mushrooming startups that threaten to affect them and eventually even displace them. What remains to be seen is whether the traditional businesses will adapt to this change, reinvent themselves and join in the wave on a “If you can’t beat them, join them” philosophy, or wait it out, let the wave pass, for the VC funded startups to bust as the red bottomlines begin to show, and emerge as the classics.
Ever wonder what goes behind the making and supply of those branded clothes and accessories you love to shop for? What happens before they make it to the store? Who decides which clothes to buy, in what quantities, and who’s designed them?
The answer to all those questions is the trade show. One of the most important events for a fashion brand, retailer or an ecommerce site.
A company’s closing usually means sad news for the employees, however not in the case of Yemeksepeti.com- the Turkish food tech firm, that got sold to German food giant, Delivery Hero in May for $590 million and decided to distrubute a chunk of the profit among the employees.
If on one hand food tech is booming, on the other, finding a date online has never been easier. Gone are the days when looking up a date meant lounging around on seedy chat rooms or using American dating sites with a handful of legit users from India. Finding genuine people with real identities was another concern.
QuackQuack is one such offering that aims to make online dating normal, sane and effective for Indians.