Friday, March 29

Search Results for: fmcg

BigBasket Aims 40% Revenue from Private Labels Next Fiscal

The online grocery player BigBasket that aims to be a billion-dollar company by the next fiscal year, is expecting 40 percent of its projected revenue to come in from its private labels. The company is expecting to clock Rs 3,500 crore in sales this fiscal year, up from Rs 2,000 crore last year. “Private labels are around […]

Korean Razor Giant Dorco Acquires 10% of LetsShave

Korean razor giant Dorco Ltd picks up 10% stake in an Indian startup LetsShave in Series –A funding. The deal is significant investment for the ecosystem as this is for the first time that global giant has invested in an Indian men’s and women’s grooming product range startup. Founded in 2015, LetsShave claims to have more than 4,50,000 customers base and has been […]

Top 6 Indian Stocks You Need to Pick During Trouble Times

Investing in stocks is a risky job and often people are confused about which stock to choose while they invest a sum. The market since the start of the year 2017 had been very strong with the Nifty registering a 35 percent growth. However, some of the players wiped out of in last 2 months. […]

How Avenue Growth is Creating Employment Opportunities in India?

Whenever any venture takes its course of action, a medium of employment is created. And in a country like India where the population is soaring high, every opportunity is a ladder of success. And to strengthen the roots of sales platform in India, Avenue Growth brings in a concept of overall growth and opportunity to […]

Ready-to-Eat Food Brand Yumlane Partners with Swiggy to Deliver all Over India

The on-the-go hot snacking service Yumlane has collaborated with the emerging foodtech giant Swiggy for the purpose of the delivery of its food products all across the country. At present, the pilot is working only across limited locations in Mumbai. The orders for Yumlane are made on the Swiggy app and then picked and delivered […]

B2B Startup ShopX Secures $35 Million to Boost Expansion

B2B firm ShopX has reportedly raised an amount of $35 million in a fresh funding round from Fung Strategic Holdings. The primary purpose of this funding is to fuel the company’s expansion plans. The funds so raised are being planned to use in the strengthening of ShopX’s products and engineering teams. Along with this, the […]

HUL Buys Out Vijaykant Dairy’s Ice Cream & Frozen Desserts Brand

FMCG giant Hindustan Unilever Ltd (HUL) has claimed that it is acquiring ‘Adityaa Milk’ ice cream brand from Karnataka-based Vijaykant Dairy and Food Products Ltd. The financial details of the deal have however not been disclosed yet. With this, HUL is planning to take over a larger part of the fragmented ice cream market in […]

Reliance Gears-up To Sell Smartphones and Electronic appliances Online

India’s largest subsidiary of Mukesh Ambani’s Reliance Industries retail chain, Reliance Retail has make its way to online sales of smartphones and electronic appliances such as refrigerators, air conditioners, and televisions. Reliance Retail is the online extension platform of Reliance Digital, a consumer durables and information technology concept. Reliance Digital with 305 stores as of June and 4,530 smaller Jio stores […]

MobiKwik Appoints Three New Business Heads, Aims Four-Fold Growth

Digital financial services platform MobiKwik has announced the appointment of three new business heads across three different verticals, with an aim to restructure the senior leadership team. The basic idea behind these appointments is to achieve a four-fold growth in the current year. The company has appointed : – Deepak Batra as the Head of Online […]

UP Govt Appeals For Extra 15 Days For Patanjali’s Food Park Project

Patanjali Ayurveda Limited had failed to present the fresh documents regarding the sub-leasing of the land assigned to them for a project that aimed to build a mega food park along the Yamuna Expressway. Followed by the event, the government of UP has requested to the Centre in writing, that Patanjali should be given 15 […]

All You Need to Know About Azim Premji’s Second Son Tariq Premji

India’s second-richest businessman Azim Premji’s youngest son Tariq Premji has reportedly been appointed as the non-executive director of the board of Wipro Enterprises Limited. Azim Premji who is the Chairman of Wipro Enterprises did not want his sons to take over his business. In this regard, Premji expressed, “We have many more mature people and […]

Ajim Premji to Invest $250 Mn in Future Group, Amazon in talks with Biyani

Premji Invest, the family office of Wipro Head Ajim Premji is eyeing to invest $250 million in the holding company of Kishore Biyani’s Future Group. According to a report published in leading daily, Premji invest can pick up 6 percent stake sale in Future Retail at a time when the market is already buzzing discussions […]