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Latest updates on news, funding, market trends, and innovations driving the consumer industry in India.

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Self-drive car rental startup Zoom secures $30K from former US treasury secretary Larry Summers

Consumer

03 June, 2013

Self-drive car rental startup Zoom secures $30K from former US treasury secretary Larry Summers

Bangalore-based ZoomCar India Pvt Ltd, which runs a membership-based, self-drive car rental service called Zoom in the city, has raised $30,000 in ......

Cartica Capital to invest $19M in kitchen appliance maker TTK Prestige

Consumer

31 May, 2013

Cartica Capital to invest $19M in kitchen appliance maker TTK Prestige

TTK Prestige Ltd is raising Rs 106.5 crore ($19 million) from Cartica Capital through a preferential allotment, as per a ......

Sabre Partners' founder Rajiv Maliwal joins IIM Bangalore's board

Consumer

30 May, 2013

Sabre Partners' founder Rajiv Maliwal joins IIM Bangalore's board

Rajiv Maliwal, founder and MD of PE firm Sabre Partners, has joined the board of directors of Indian Institute of ......

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Hatsun Agro looking to raise up to $30M in PE funding, hires banker

Consumer

29 May, 2013

Hatsun Agro looking to raise up to $30M in PE funding, hires banker

Chennai-based Hatsun Agro Product Ltd is looking to raise up to $30 million (Rs 168 crore) in PE funding, sources ......

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PE firms in race to buy out kitchen appliances maker Sunflame

Consumer

28 May, 2013

PE firms in race to buy out kitchen appliances maker Sunflame

The kitchenware market is set to sizzle with three private equity firms looking to buyout a controlling stake in Delhi-based ......

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Carlyle-backed Tirumala renews stake sale plans, mandates European investment bank

Consumer

28 May, 2013

Carlyle-backed Tirumala renews stake sale plans, mandates European investment bank

Hyderabad-based Tirumala Milk Products Pvt Ltd has renewed its stake sale plans after talks with French-foods major Danone SA was ......

Diageo acquires 10% in United Spirits through preferential allotment

Consumer

27 May, 2013

Diageo acquires 10% in United Spirits through preferential allotment

United Spirits Ltd (USL) has approved the issue and allotment of 1.4 crore equity shares at Rs 1,440 a share ......

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We are looking at listing in 24-30 months: Rahul Pandit, president of Lemon Tree Hotels

Consumer

27 May, 2013

We are looking at listing in 24-30 months: Rahul Pandit, president of Lemon Tree Hotels

Patu Keswani-promoted Lemon Tree Hotels Pvt Ltd was one of the first companies to enter the mid-market segment of the ......

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Kurlon's private equity fundraising plans hits valuation roadblock

Consumer

24 May, 2013

Kurlon's private equity fundraising plans hits valuation roadblock

Privately held mattress maker Kurlon Ltd’s plans to raise private equity funding have hit a snag, with promoters and the ......

Nestle India appoints Etienne Benet as MD

Consumer

24 May, 2013

Nestle India appoints Etienne Benet as MD

FMCG giant Nestle India Pvt Ltd has appointed Etienne Benet as its new MD, as per a stock market disclosure. ......

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