- Movers And Shakers Of The Week [18 July – 23 July] Flipkart is seeing more exits of top managers with two executives – Lalit Sarna and Sunil Gopinath also leaving the company. Sarna was the payments product lead for Flipkart while Gopinath was the product lead for the marketplace division. Let’s Have A look At More Exits & Hirings Google’s Sunil Rao Joins Lightspeed Sunil will […]
- CaratLane Discloses Titan’s Stock In The Company, Announces New Co-Founders CaratLane, a Mumbai-based online private label jewellery brand, has promoted its two senior-most employees, Avinash Anand and Gurukeerthi G as co-founders, along with Mithun Sacheti, founder and CEO of the company. Avinash was earlier working as Sr. VP – Product & Category and Gurukeerthi G, as Sr. VP – Technology & Fulfilment. The company also […]
- Funding Galore: Startup Fundings Of The Week [2 May – 7 May] Two funds Fidelity Rutland Square Trust II and Valic Co. have marked down their stake in Flipkart by 20%. Valic and Fidelity had picked up shares in Flipkart as a part of its series D round of funding in 2013, when Flipkart had raised $360 Mn in two tranches. This week 36 startups raised about […]
- Titan Acquires Majority Stake In Caratlane Titan, the owner of jewellery chain Tanishq and part of Tata group, has acquired a majority stake in Caratlane, a Mumbai based online private label jewellery brand. The acquisition is expected to close by mid June 2016, the company said in a filing It also stated, “The Company is proposing to acquire majority stake with […]
- Fashion Jewellery Brand Voylla.com Raises $15 Mn In Funding From Peepul Capital Fashion jewellery and accessories e-tailer, Voylla.com, operated by Jaipur-based Voylla Fashion Pvt. Ltd, has raised $15 Mn in fresh funds from Peepul Capital, according to a press release. The company will use the funds in enhancing its technology, brand building, enhancement of manufacturing capacity, and for offline expansion. Surya Mantha, investment director of Peepul Capital, […]
- News Roundup: 10 Stories You Don’t Want To Miss This Week [17August -22 August] Paytm, finally, received licence from RBI to set up payments banks. This decision of RBI will help Paytm in further driving the overall commitment to financial inclusion for the unbanked segment, modernize payment systems and build more trust for our services. Other than Paytm, 10 more companies have received this licence. Let’s have a look […]
- Ecosystem Update: Weekly Updates From The Tech Ecosystem [2-7 March] As it is said every drop in the ocean counts. Our startup ecosystem is becoming that pool of ocean where in every drop of passionate, ambitious and zealous entrepreneurs counts. With innumerable investors, VCs ready to bathe in the startup sunshine it is becoming hard to keep a record of all what’s happening around. So, […]
- Personal Accessories Brand Titan Plans To Buy 15% Stake in Caratlane.com India’s leading range of personal accessories brand, Titan is planning to buy 15% stake in online jewellery retailer, CaratLane.com in a deal worth $30 Mn. The deal is likely to be signed in few weeks which will make CaratLane valuation at around INR 1,200 Cr. Caratlane is targeting INR 1500 Cr by 2019 and is […]
- Online Jewellery Retailer CaratLane Raises INR 185 Cr. In Series D Chennai-based Carat Lane Trading Pvt. Ltd. which owns and operates online jewellery portal Caratlane.com has raised INR 185 Cr. in Series D round of funding from its existing investor Tiger Global. With this investment, now Tiger Global holds a majority stake in the etailer. The funds were raised through a private placement offer to Tiger […]