P&G brings back A.G. Lafley as CEO, McDonald out
Procter & Gamble Co on Thursday brought back A.G. Lafley to run the world's largest household products maker, replacing Bob McDonald immediately in the midst of a major restructuring.Lafley is taking on the roles of chairman, president and chief executive officer, effective immediately, while McDonald is set to retire on ......
Vinita Bali-advised VC firm Pegasus raising $25 mn in maiden fund
Pegasus FinInvest Advisory, a business advisory firm that has former head of Britannia Industries Vinita Bali as one of the advisors, is expected to make the first close of its fund in three months as it seeks a total corpus of $25 million (Rs 167 crore), the firm's founder N ......
ITC appoints Sanjiv Puri as COO
ITC Ltd, India’s most valued consumer products maker, said on Monday it has named Sanjiv Puri the company’s chief operating officer.Puri’s appointment as the COO is with immediate effect, India’s largest cigarette maker said in a stock-exchange filing.The move indicates that Puri, a director who heads ITC’s consumer products division, ......
Swastika Company backs on-demand laundry startup HelloDhobi
Pune-based HelloDhobi Dry-Cleaners Pvt. Ltd, which operates on-demand laundry startup HelloDhobi, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd and some Mumbai-based affluent individuals, a top company executive told VCCircle.Arman Verma, co-founder and CEO of HelloDhobi, said the company will use the ......
Infrastructure key to ensuring financial inclusion, say panellists at News Corp VCCircle summit
Plugging gaps in basic infrastructure, such as creating a robust credit bureau system, is crucial for financial inclusion, said panelists at News Corp VCCircle FinServe 2016 held at Taj Lands End in Mumbai on Thursday.There is a need to create a credit evaluation system for lending in the absence of ......
Location-based SEO enabler NowFloats inks Series B funding round
Hyderabad-based NowFloats Technologies Pvt. Ltd, which runs a platform enabling local businesses to target customers based on their location under the banner of NowFloats, is raising its Series B round of funding from multiple investors.The four-year-old startup has agreed to bring in new mid-market technology investor Iron Pillar and IIFL ......
We will do only one more round of fundraise before IPO in 2020-21: CarDekho’s Amit Jain
Jaipur-based Girnar Software Pvt. Ltd, which runs automotive classifieds portal Cardekho.com, is arguably the biggest non-metro startup in India. Its valuation has grown almost eight times in three-and-a-half years to around $380 million when it last raised money in March from Google Capital and Hillhouse Capital. The company–founded by brothers and ......
AI startup Mezi raises $9 mn in Series A from Saama Capital, American Express Ventures & others
Artificial intelligence chatbot shopping app Mezi, operated by Mez Mobile Inc., has raised $9 million (Rs 60 crore) in Series A funding from Saama Capital, American Express Ventures and existing investor Nexus Venture Partners.Amit Singhal, former senior vice president and head of Google Search, and Gokul Rajaram, product engineering lead ......
Online fashion rental platform Blinge gets funding from Anupam Mittal, others
Online fashion rental platform Blinge, which is operated by Mumbai-based Panoptic Solutions Pvt. Ltd, has raised an undisclosed amount in its first round of funding led by Anupam Mittal, founder and CEO of People Group, a top company executive told VCCircle.The funding round, which happened in October 2015, also saw ......
Nomura Research Acquires 25.1% In Delhi-based Market Xcel Data
Global consulting firm Nomura Research Institute (NRI) will acquire 25.1 per cent stake in Market Xcel Data Matrix Pvt Ltd, a local research company, for an undisclosed sum, Nomura has said in a statement today. Acquiring significant stake in the local research firm would help the Japanese research major to ......
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