Aniruddha Ghosh
Wakefit: Making high quality mattresses with a promise of a good night’s sleep
Wakefit has products ranging from pillows, comforters and beds, apart from mattresses. The company makes its products in its own factory.
Myntra ex-CEO Ananth Narayanan, others invest in bike renting start-up Vogo
The startup had previously raised over $120 million in Series A and B rounds from ride-hailing major Ola as well as venture capital firms Kalaari Capital, Matrix Partners and Stellaris Venture Partners. Earlier this month, Vo
Pepperfry targets Rs 2000-crore revenue from ‘House Brands’ by 2020
Additionally, Pepperfry aims to launch 30 Snooze studios by end of the fiscal, of which 12 have been launched, four standalone and eight in store. Clouddio is Pepperfry’s in-house brand for mattresses and sleep gear, includ
Bike renting start-up Bounce raises $72 million in series C funding
The investment also saw participation from Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India and Qualcomm Ventures, the investment arm of Qualcomm I
Hexaware buys US-based Mobiquity for $ 182 million
Says Mobiquity’s leadership and teams will continue without any changes to structure or ways of working.
Fighting traffic woes: redBus announces carpooling service which allows office goers of offer rides in personal cars
Launched in Bengaluru, Hyderabad and Pune, this new service allows office goers to avail and offer rides in their personal cars, while commuting between home and workplace.
Ninjacart: A tech-enabled supply chain for farm produce
Ninjacart had started out in 2015 as a hyperlocal delivery platform for groceries, which it delivered in 60 minutes or less.
Tech Mahindra reports drop in net profit, revenues
For FY19, Tech Mahindra announced a net profit of Rs 4,298 crore — an increase of 13.1% over last year.
Sqqrl: Fintech startup helping individuals make money on the tiny savings
Offering goal-based investments and customised portfolios, this fintech startup helps individuals make money on the tiny savings.
This startup firm delivers farm fresh and certified organic milk at your doorstep
Happy Milk serves individual buyers, stores like Nature’s Basket, Foodhall to name a few, it even takes bulk orders.
BlackBuck raises $150 million; Goldman Sachs, Accel lead round
As part of this round, employees at BlackBuck can liquidate 25% of their total vested stocks, at the current stock price.
Hexaware Technologies posts weak quarter, consolidated net profit of Rs 138.4 crore
“Every year our Q4 and Q1 are lower margins, they come back sharply up in Q2 and even better in Q3.
Mindtree Q4 net profit rises 3.7% q-o-q to Rs 198 crore
The EBITDA margin went down by 0.7% Q-o-Q to 15.2%, which also represents a 0.9% drop Y-o-Y, but the net profit margin grew 0.1% Q-o-Q to 10.8%.
What’s spurring the growth of mid-tier hotels in India
The breakeven point for mid-tier hotels is usually lower, at three to four years, when compared to that of premium hotels — in which case, it takes at least five to six years.
Mobile wallets and lending will be top product lines for banks by 2022
An Infosys Finacle-Efma study says payments, mobile wallets and lending will be the top product lines for banks by 2022
IBM launches India Developer Champions programme, aimed at creating platform to acknowledge developer work
Software and technology firm IBM, in co-operation with the ministry of electronics and information technology (MeitY) and Nasscom, has announced ‘India Developer Champions’, a multi-year programme which recognises develop
Sodexo to increase focus on small and medium enterprises in India
The company had created a dedicated team to cater to smaller companies to maintain service standards.
WhatsApp Business: How companies are using app to cut costs and communicate better
Companies have been using the messaging platform to cut costs and communicate better with customers
Homigo: How this rental company offers furnished properties to tenants, fixed income to owners
This rental marketplace offers furnished properties to tenants while promising a fixed rent to homeowners.
Puneet Bhirani is new Ola COO
Bhirani joins Ola from IT firm Mphasis where he was the CEO of its subsidiary, Digital Risk, based in Orlando in the US.
Omnichannel Strategy: Combining the best of online and offline
Startups such as Perpule and Wagonfly have designed self-checkout systems for offline customers to discover products, access offers and make payments.
Instamojo raises Rs 50 crore in Series-B funding
Fintech start-up Instamojo announced on Wednesday it had raised Rs 50 crore in a Series-B round of funding. The round was led by both existing and new investors.
Fablestreet: Products are premium, with prices ranging from Rs 1,700 to Rs 3,500
Fablestreet has 500 stock-keeping units live on the website across categories.
Infosys reports 12% decline in Q3 profit, announces Rs 8,260-crore share buyback
Infosys posted its October-December earnings which were lower than analysts’ estimates as subdued growth in services and cautious spending by clients created pressure.
Instamojo plans to enter ad space, raise non-payments revenue share
Instamojo is a payments company which focuses on small online sellers with sales of Rs 10-15 lakh annually.
Swiggy’s fundraise: A billion dollars to feed a billion people
Investors continue to back food delivery platforms given the spread of the internet should boost online ordering.
Tata Starbucks to open more than 25 stores across metros in 2019
Tata Starbucks plans to open more than 25 stores in 2019 across metros while it faces increasing competition from existing brands which are also expanding their footprint.
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