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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Weekly startup funding tracker: Non-metro firms steal the show

startup funding trackerThe week gone by saw eight startups being funded, of which three are based in non-metros, including Jaipur, Indore and Ahmedabad. Interestingly, possibly only for the second time, an Indian bitcoin exchange—Bengaluru-based Unocoin Technologies—received startup funding. Unocoin pocketed $1.5 million in a pre-Series A round led by Blume Ventures. Indore’s outstation taxi marketplace InstaCar raised […]

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