Archive for Business

Tanishq celebrates Riwaazon wali Diwali through Virasat collection TVC

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By Ashok Punatar Mobile: 09820746494 Email:ashokpunatar@gmail.com

Tanishq, India’s trusted jewellery brand has launched a new TVC campaign marking one of the most anticipated festivals of the year, Diwali. For this auspicious occasion, Tanishq is launching its new festive collection- Virasat. The new TVC campaign brings alive the essence of age old traditions, cultures and rituals which have been followed through generations. The campaign aims to take forward the age old tradition of purchasing jewellery which makes Diwali auspicious. Read more

INV HOME OPENS ITS DOORS TO LUXE INTERIORS

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

INV Home – one of India’s most premium creator of luxury interiors for home and industry is set to redefine design sensibility with the launch of its experience centre in New Delhi. The studio is embellished with class-apart designs and materials that lend a luxe accent and provide a befitting space for the statement-making home décor pieces. Offering a curated experience of interior design and turnkey solutions, the new INV is a remarkable display of an enormous paradigm shift towards luxury interiors.   Read more

Ayushmann Khurrana and Radhika Apte celebrate Diwali with the Iconic Link collection by Daniel Wellington

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Daniel Wellington, a leading watches and accessories brand known for its contemporary and sleek design celebrated the onset of the festive season in the capital city with an exclusive Diwali party at the most iconic setting at the Qla. The event was a true merriment to the flawless craftsmanship behind all of Daniel Wellington’s timeless designs. Read more

DP WORLD LAUNCHES LOG X – TECHNOLOGY ACCELERATOR PLATFORM FOR LOGISTICS

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

LogX Launch - Rizwan Soomar, CEO - DP World Sub-Continent, Mike Bhaskaran, Global CTO - DP World, Ajay R, Co Founder, Startup Reseau

Global trade enabler DP World today launched Log-X, a national technology accelerator platform for logistics, in partnership with Invest India, Kerala Start-Up Mission and its accelerator partner Startup Réseau, to encourage innovation and technology adoption in the Indian logistics sector.

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Institutional Investments to touch USD 50 bn mark in 2019, says JLL Study

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Path breaking policies, relaxation in investment norms relating to foreign direct investments (FDIs) and institutionalisation of investments in completed properties in the form of Real Estate Investment Trust (REIT) has opened doors for investors, both domestic and foreign over the last decade, said JLL, the largest professional services firm specialising in real estate, in a statement released today. As a result, the sector will see a cumulative institutional investment of USD 50 billion in 2019, which includes both foreign and domestic investments, the study added. Read more

The Sky Is Pink debuts across 948 UFO Moviez network screens

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Priyanka Chopra Jonas and Farhan Akhtar starrer, biographical film, The Sky Is Pink, debuts across 948 UFO Moviez network screens. Read more

Himalaya Expands Its Hair Care Portfolio with Natural Shine Henna

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Discover the natural way to color and condition your hair with Himalaya Natural Shine Henna. A blend of 9 unique herbs and the purest quality Rajasthani Henna, Natural Shine Henna provides intense conditioning and shine to your hair. While being gentle on your scalp and hair, our henna provides long-lasting color to help manage hair graying and keep it healthy. Read more

Social Commerce Startup DealShare Raises $ 11Million Funding

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By K Vivek Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Founder and Co-Founder - DealShare

DealShare, the leading social commerce startup, announced that it has raised $11 Million across Series A and seed rounds of funding led by Matrix Partners India & Falcon Edge Capital. The round also saw participation from partners of DST Global, Omidyar Network India and few leading angel investors.

The startup commenced operations in September last year and focuses on middle and lower income population belonging to non-metro, Tier 2 & Tier 3 cities. It is currently serving more than 3 lac customers in the cities of Jaipur, Ahmedabad, Surat, Baroda, Kota, Jodhpur, Ajmer, Sikar, Sawai Madhopur and Nagaur. It is also planning to expand its footprint into Maharashtra by the end of this month, thereby, making it one of the fastest growing start-ups in the country. The startup which sells grocery and household essential products through social virality model intends to rapidly scale up operations across India. The fresh funds will be utilized for city expansion, developing artificial intelligence based solutions and indigenous logistics network. DealShare will expand into 100 cities across more than 10 states in the next one year and is expected to raise more funds very soon.

DealShare was founded by five dynamic entrepreneurs possessing almost 100 years of combined experience – Vineet Rao is the CEO & Head of Technology, Sourjyendu Medda is the Chief Business Officer & Head of Sourcing, Sankar Bora is COO & Head of Marketplace, Rishav Dev is Chief Strategy Officer & Head of Logistics arm and Rajat Shikhar is the Chief Product Officer. Vineet is a former Microsoft techie, Sourjyendu was Sales Head at Metro Cash & Carry India, Sankar Bora was Co-founder & VP Operations at Myntra, Rishav Dev was VP Operations at Grofers and Rajat Shikhar was Chief Product Officer at Foodpanda. Between the five of them, they possess the diverse experience required to create a successful e-commerce story in the country.

Commenting on the growth of DealShare, Vineet Rao, Chief Executive Officer  & Head of Technology said: “We are in the process of creating the biggest e-commerce story of India. E-commerce 1.0 focused on bringing the western model to the country and brought in a lot of investments and infrastructure. However, those models were mostly focused on top tier population residing in Metro cities. Indian consumers living in tier 2 & below cities have long been missing out on the negotiating ability it possesses attributing to the huge population, due to lack of tools for collective buying. DealShare solves this unique problem through its app where users are able to consolidate the buying requirement among their friends and relatives and place orders on the app. This, in turn, enables us to do a backward integration with suppliers and manufacturers for sourcing at the best rates. The latest funding will also give us the impetus to strengthen our asset-light, low-cost and highly efficient logistics model. We plan to strengthen & leverage the local economy and entrepreneurs through our flagship programs such as DealShare Dost (last-mile supply chain) and DealShare Dukaan (O2O store model), eventually empowering them financially and reducing our operating costs while increasing the overall efficiency.

 

Navroz D. Udwadia, Co-Founder and Partner of Falcon Edges said: Falcon Edge is excited to help drive DealShare’s mission of meeting the daily needs of an under-served customer base of 500m first time internet users. DealShare brings together a focused assortment that is differentially procured. This, when coupled with the delight of discovery and a gamified shopping experience, drives robust repeat usage and cohort behavior. These factors coupled with creative, first principles driven fulfillment drive exciting unit economics. We believe this ability to grow rapidly while demonstrating robust unit economics this early in a lifecycle is rare indeed.”

The main motto of DealShare is “Buy more, save more and buy with friends and save even more” due to which it focuses on the next 500 million new internet users who have recently come online. It is a platform that offers products of daily use such as snacks and other food items including fruits, vegetables, and dry fruits, FMCG products such as lotions, soaps, cleaning liquids, etc., as well as household merchandise such as linen, buckets, and mops. Products are sourced directly from local manufacturers & suppliers and every item on DealShare is offered at deep discount, with buyers able to gain further price reductions when they engage in group buying with friends and family members.

Announcing Maharashtra launch, Sourjyendu Medda, Chief Business Officer and Head of Sourcing said In just one year of operations, we have serviced more than 1.5 million orders from 3 lac consumers. Majority of our customers have got introduced to e-commerce through DealShare. WhatsApp was the only application they were using regularly before DealShare. We focus heavily on simplified user interface, local language, social virality and local supplies. These pillars allow us to penetrate deeper into smaller cities and towns like no e-commerce or modern trade company has done before. With the opening of Maharashtra & other states and further penetration into Rajasthan and Gujarat, we are confident of hitting a 5 million customer base in six months who will buy with us multiple times a month! Our unique demand aggregation model also allows us to do B2B with a number of traders very effectively. We are in the process of converting some of our loyal trader customers to DealShare Dukaans (O2O store model) to service our end consumers more efficiently. This is E-commerce 2.0 for Bharat.”

“It is still day 0 for e-commerce in India. The DealShare team has deep understanding of consumer buying behavior and a unique model that caters to the largest chunk of consumers in India, middle- and lower-income households. It’s a pleasure to partner with Vineet, Sourjyendu, Sankar, Rishav and Rajat on this journey.” commented Tarun Davda, Managing Director, Matrix India

CRISIL assigns Thomas Cook India corporate credit rating of CCR AA- Reaffirms its ratings on the debt programmes and bank facilities of TCIL at ‘CRISIL AA-/Stable/CRISIL A1+’

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Madhavan Menon, Chairman and Managing Director, Thomas Cook (India) Limited

The CRISIL credit rating rationale, dated October 9, 2019, communicated to Thomas Cook (India) Ltd., and uploaded on its portal, has assigned its corporate credit rating of ‘CCR AA-’ to Thomas Cook (India) Ltd. (TCIL). Additionally, CRISIL has reaffirmed its ratings on the debt programmes and bank facilities of TCIL at ‘CRISIL AA-/Stable/CRISIL A1+’. This announcement further reflects that the ratings of Thomas Cook (India) Ltd. remain unaffected as the bankruptcy of Thomas Cook PLC in United Kingdom has no linkage with Thomas Cook (India) Ltd. Read more

SPN Media Announcement

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Uday Sodhi

Uday Sodhi, Business Head of SonyLIV, has decided to move on, after building up the digital business of Sony Pictures Networks (SPN) for almost five years. Uday will now pursue his entrepreneurial passion in the start-up space. Read more

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