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Fund raising in the Indian e-commerce declines 50 pc

Fund raising in the Indian e-commerce sector declined 50 per cent in the April-June quarter over the same period of last fiscal, investment bank and securities firm Jefferies Group said. "Private funding in the Indian e-commerce sector has declined 50...

Funding India's sunrise sector, fashion retail

Fashion Forward Fashion in one of the fastest growing sectors in India and it's no surprise then that it has been generating a lot of investor interest over the last few years. 2015 was a great year for Indian fashion businesses as...

HSBC brokerage slashes Zomato’s $1bn value by half

HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed from $1 billion to $500 million. The move comes close on the heels of a valuation downgrade in e-commerce player Flipkart...

Arvind in talks to acquire e-comm company Freecultr

Arvind Lifestyle Brands, a textile-to-retail conglomerate, is said to be in advanced talks to acquire Sequoia Capital-funded e-commerce company, Freecultr. According to a report in The Economic Times: Arvind is currently carrying out due diligence of the online fashion and...

Online grocery delivery: Fundamentally flawed?

After almost a year-long funding frenzy that lasted until the end of 2015, the online food retail space, especially grocery delivery, doesn't seem to be heading for a revival any time soon. Under the grocery delivery format, two distinct e-grocery...

Investors bet big on the fashion retail industry

India is a country embracing fashion at its best. An increasing number of the people want to be a part of this in vogue segment of retail. However, fashion retail is a constantly evolving and subjective concept, and not easy...

IFF 2016: Private equity players optimistic on lifestyle sector

Amid subdued economic sentiment prevailing in the global economy in particular and reflecting their shadows on the Indian economy, private equity players continue to be gung-ho about the lifestyle sector in the country. Speaking at a panel discussion on the...

Faasos raises USD30 mn in fresh funding

Pune-based food tech company Faasos has reportedly raised USD30 million (about INR 200 cr) in a funding round led by Russian internet-focused investment firm ru-Net. Existing investors, including venture capital firms Sequoia Capital and Lightbox Ventures, also participated in this...

On-demand food tech company Faasos goes app only

Given the ever growing nature of smartphone and internet penetration in India, on-demand food ordering and delivery company Faasos has gone app-only today, following the likes of Myntra and Ola, who also operate through app. Faasos, which is run by...

MobiKwik launches 'Cash Pickup' services in Delhi-NCR

Gurgaon-based mobile wallet company MobiKwik has launched its ‘Cash Pickup’ service for users to recharge their wallet instantly. The facility is currently available in Delhi-NCR and will soon be available across all major cities in the country. Mobikwik’s ‘Cash Pickup’...
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Starbucks ‘fully committed’ to Indian market, says India JV Tata Starbucks

Tata Starbucks is a 50:50 joint venture between Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based...
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