Marico picks 45% stake in men’s grooming startup Beardo

Stack_shah_001Marico Ltd, the maker of Parachute hair oil and Saffola cooking oil, on Friday announced its foray into the male grooming market by picking up stake in Zed Lifestyle Pvt Ltd, which owns Beardo. The FMCG major, as per a stock market disclosure, acquired 45% stake for an undisclosed amount in the Ahmedabad-based company. The […]

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Meet the 12 startups selected for Yes Bank’s accelerator programme

Yes_Bank_Mukul-Mudgal1India’s fifth largest private sector lender Yes Bank has chosen 12 fintech startups for the inaugural cohort of its accelerator programme. The Yes Bank Business Accelerator Program was set up in collaboration with startup incubator T-Hub, startup advisory firm Anthill and fintech platform Let’s Talk Payments. The selected startups will go through a 15-week programme […]

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Myntra set to invest in 10 fashion brands with accelerator programme

For-Myntra-Story-TC_Shah-JunaidFlipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle. “We have already closed term sheets with three of them and will soon complete it with the rest. Many more are at the conversation stage” […]

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Exclusive: Former India head Latif Nathani quits eBay

Latif NathaniLatif Nathani, who was heading eBay’s India business up until recently, has resigned from the company. Nathani served as the managing director and vice president of eBay India since May 2013 until last month when he moved back to the US. Nathani decided to move to the US for personal reasons, a person aware of […]

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Myntra and Jabong to integrate back end and logistics functions

myntra_feFlipkart-backed Myntra and Jabong will share the same logistics infrastructure by bringing together their back end and supply chain functions, a report in a financial daily stated. “Myntra logistics will also be one of the partners for Jabong which already uses Ekart for shipping,” The Economic Times quoted Gunjan Soni, head of Jabong and chief […]

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Co-working space The Hive, LetsVenture join forces to set up incubators

(L-R) Chaitanya Ramalingegowda, VP-investor relations at LetsVenture, Shanti Mohan, co-founder & CEO, LetsVenture and Ankit Samdariya of The HiveVirtuous Retail Services Pvt. Ltd, which operates collaborative workspace The Hive, has joined hands with online fundraising platform LetsVenture to set up and manage incubator spaces for startups. While LetsVenture-affiliated companies will have special access to The Hive’s network of collaborative workspaces across the country, startups affiliated with The Hive will receive fundraising support on […]

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Myntra launches first offline store in Bengaluru to push private label brand

Myntra launches first offline store in Bengaluru to push private label brandNearly seven months after Myntra announced its intent to go offline, the Flipkart-backed online fashion and lifestyle e-tailer has launched its first offline store in Bengaluru. The 4,000 sq ft store, which will be open to the public tomorrow, would be an exclusive store for what Myntra claims to be its biggest as well as […]

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Agri-tech startup FarMart raises seed funding from IAN

For-Farmart-Story-VC_20160402_SJ_Crops-Jammu-and-Kashmir-009Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. Operated by Farmart Service Pvt Ltd, the startup […]

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Stayzilla’s Vasupal files bail plea; startup world rallies behind him

Jai-arrest_ThinkstockPhotos-1Chennai-based homestay aggregator Stayzilla’s co-founder and chief executive Yogendra Vasupal, who was arrested on charges of defrauding a vendor, has filed for bail before Chennai’s Special Metropolitan Magistrate. Vasupal is currently at Chennai’s Puzhal Central Prison. Vasupal was arrested by the Chennai police on Tuesday, after Jigsaw Advertising filed a criminal complaint against him alleging […]

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Social fitness app Fitso raises $200K from former Flipkart exec, others

fitnass11Gurgaon-based Jogo Technologies Pvt. Ltd, which runs health and fitness app Fitso, has raised $200,000 (Rs 1.3 crore) in angel funding from a clutch of investors including former president – operations at Flipkart Sujeet Kumar, Intelenet Global Services CEO Bhupender Singh and PolicyBazaar CEO Yashish Dhaiya via fund-raising platform LetsVenture. The company will use the […]

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