“Beauty products have very attractive gross margins. Companies need not raise funds every six months,” says Kaushik Mukherjee, co-founder & COO at SUGAR Cosmetics. What’s more discounts are smaller varying between 11.5-
The transaction comes a little over three months after the Bengaluru-based start-up acquired Indian brick-and-mortar test prep service provider Aakash Educational Services in a near $1-billion deal, one of the biggest in the
The funding includes a first tranche of $800 million infused by a clutch of investors which the firm had announced internally in April and a fresh $450 million investment made by SoftBank Vision Fund 2 which is making its fir
While companies had been trying to get their businesses back in shape post the lockdown last year, a devastating second wave and the ensuing restrictions this year made it difficult for them to sustain operations. Arush Malik
A quick recovery will also help some malls support their staff, many of whom had been temporarily taken off payrolls due to stretched finances. Viviana Mall, for instance, had to cut about 50% of its employee strength during
Online platform Furlenco, which rents out furniture, smart television sets and white goods to consumers, said it has seen an increase in its user base, which has translated into a 20-30% rise in monthly sales.
The company, which offers a range of regular and specialised at home services is also considering broadening its global footprint and some of the locations it is looking at are Indonesia, Malaysia, Hong Kong and Taiwan.
Most content companies FE spoke to said they may not be able to meet their quarterly targets and that some scheduled launches would be delayed. However, content planned to be released before June will stay on schedule since p