Snapdeal ropes in former P&G executive Amit Choudhary as senior VP - corporate finance
E-commerce marketplace Snapdeal, run by Delhi-based Jasper Infotech Pvt Ltd, has roped in former Procter & Gamble (P&G) executive Amit Choudhary as its senior vice president - corporate finance. This is the latest in a series of top level appointments by Snapdeal in the past 12 months.“As we continue to ......
SoftBank ropes in former LinkedIn executive Deep Nishar to head international investments
Japanese telecom and internet giant SoftBank has roped in former senior vice president of products and user experience at professional networking site LinkedIn Deep Nishar as managing director of SB Group US, Inc. He will be based in San Carlos and report to Nikesh Arora, president & COO of SoftBank ......
Healthcare-focused incubator HealthStart to set up a new angel network
Healthcare-focused startup incubator HealthStart is setting up a new sector-focused angel network, founder of the business told VCCircle.“We were approached by many companies which have crossed the stage of being a part of an accelerator programme but wanted funding; so we decided to set up an angle network,” said Pradeep ......
Insurers eye billions of dollars flowing in as FDI cap hiked
Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 per cent.Welcoming the hike from 26 per cent to 49 per cent, the companies ......
Reliance General Insurance Appoints Rakesh Jain As CEO
Reliance General Insurance, a part of Reliance Capital, has appointed Rakesh Jain as CEO and executive director of the company. He succeeds Vijay Pawar who was executive director and CEO till now but will continue to guide the company as a non-executive director.Jain has 17 years of experience and prior ......
Volkswagen owned MAN acquires Bangalore-based engineering firm MaxWatt Turbines
MAN Diesel & Turbo SE, a wholly owned subsidiary of MAN SE (part of Volkswagen AG) today said it has acquired 100 per cent shares of engineering firm MaxWatt Turbines Pvt Ltd.MaxWatt Turbines Pvt Ltd is an Indian specialist company for engineering, production and service of steam turbines for applications ......
Financial services portal BankBazaar raises $59M from Amazon, Fidelity and others
Chennai-based A & A Dukaan Financial Services Pvt Ltd, which sells third-party financial services products through the online platform BankBazaar.com, has raised Rs 375 crore ($59.1 million) in Series C funding from e-commerce giant Amazon and other investors.Fidelity Growth Partners and Mousse Partners also put in money along with the ......
DSG co-invests in $8M round in Singapore-based online restaurant reservation firm Chope
Singapore-headquartered online restaurant reservation firm Chope has raised $8 million from a group of investors, including F&H Fund Management, NSI Ventures, Frontier Ventures and Singapore Press Holdings and DSG Consumers Partners.Chope Group that has operations across Southeast Asia is also planning to enter the Indian market. EazyDiner Pvt Ltd, which ......
CommonFloor invests $2.5M afresh in room share app Flatchat
Flatchat, a mobile-based platform that connects flat owners with flat-mates, has raised $2.5 million from real estate portal CommonFloor.com, the company said on Tuesday.Flat.to Technology Pvt Ltd, which runs Flatchat, plans to use the money to increase headcount and scale up operations across the country. Flat.to was acquired by CommonFloor ......
Why e-commerce players will have to embrace ‘sell locally’ strategy
A lot has been written about e-commerce crushing the local commerce market with “mobile wave”. The age of mobile has arrived and it has become the most dominating form factor for e-commerce players but, to be frank, it is not an optimal screen to carry out the e-commerce as we ......
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