onida | Pixr8 News

Wow Express, a Mumbai based E-commerce platform has raised $4.5 Mn in a Series A round of funding from existing investor Tamarind Family Private Trust of the Mansukhani family, the owner of the consumer durable brand Onida. The latest Series A round also included previously issued compulsorily convertible debentures, which converted along with this round. The company is looking forward to using the freshly raised capital in expanding its geographical presence, strengthening its technology platform and senior management team. Sandeep Padoshi, co-founder of WOW Express said, “We want to expand our e-commerce footprint, from the current 42 cities to over 100 cities in the next 12 months. We are also in talks to bring on board professional executives for our chief operating officer and chi...

One of Reliance Industries' offices in suburban Mumbai became unusually busy last week. The Reason: a second batch of 10 startups joined the country's largest private firm's four-month acceleration programme, run in partnership with Microsoft Ventures, to help them scale up operations through mentoring and infrastructure support in exchange of technology and ideas. A month ago, a similar initiative was launched by Aditya Birla Group, albeit at a smaller scale. Big Indian family business houses, some of which were still debating whether it's worth foraying into the digital space till about a year ago, are now busy chalking out and implementing strategies to join the digital economy and get leverage from the ongoing startup boom. If you look at the history of conglomerates in the last ...

Tag: onida

Wow Express raises $4.5 Mn from Tamarind Family Trust

Why these big Corporates like Reliance, Tata, Birla showing interest in startups now