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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ItzCash to strengthen hold in expense management, backs fintech startup Finly

For-THB-Story-TC_ThinkstockPhotos-520095558Mumbai-based digital payments company ItzCash Card Ltd has made an undisclosed equity investment in Bangalore-based expense management firm Finly. ItzCash will use the funds to strengthen its play in the expense management vertical, which is estimated to be a $25 billion opportunity for corporates in India, the company said in a statement. Founded by Veekshith […]

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Food-tech startup InnerChef raises $2.5 mn led by Mistletoe Japan

For-InnerChef-Story_feGurgaon-based food-tech startup InnerChef Pvt. Ltd has raised $2.5 million (Rs 16.77 crores) in an investment round of funding led by Mistletoe Japan. The existing investors also participated in the funding round along with M&S Fund Singapore. Started in 2015 by Rajesh Sawhney, Sanjeev Singhal and Bal DiGhent, InnerChef offers ready-to-eat meals, ready-to-cook meals and […]

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AskMe fiasco: End game the blame game

AskMe_feA fierce internal strife, mass pleas by desperate unpaid employees, cases initiated by duped sellers, volley of charges and counter charges between investors and management, theories of a suspected scam freely circulating on social media; the shutdown of e-commerce firm AskMe, incorporated Getit Infoservice Pvt Ltd has not only been painful but ugly and acrimonious […]

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