Daily Archives: March 4, 2016
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CLOTHING 
March 4, 2016 Greening the clothing industry isn’t just about cotton and water.
For a quick explainer on how to buy better, watch our video; and for a look into life as a “slow fashion” business owner, read our interview with Bree Hylkema, co-founder of Vermeulen & Co. The fashion industry isn’t known for its climate sense. Depending on who you ask, textiles and apparel account for something […]
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CLOTHING 
March 4, 2016 Myntra generates biggest monthly sales in January
Myntra CEO Ananth Narayanan. Online fashion retailer Myntra.com said that it generated annualized gross sales of $800 million this month, a 70% jump from last January, as the firm splurged on advertising to promote its end-of-season fashion sale. Volumes in January were boosted by Myntra’s private brands, increased contribution of international brands such as Marks […]
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ALL DEALS 
March 4, 2016 Flipkart to offer its logistics services to third-party e-commerce firms
Flipkart is also gearing up to roll out an inter-city customer-to-customer courier service called eFlash in the next two months. Photo: Bloomberg Bengaluru/New Delhi: Flipkart Ltd, the country’s largest online retailer, has thrown open its logistics services eKart to third-party e-commerce firms even as the company is gearing up to roll out an inter-city customer-to-customer […]
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ALL DEALS 
March 4, 2016 Wipro Ventures invests Rs9.78 crore in big data start-up Altizon Systems
Photo: Hemant Mishra/Mint Bengaluru: Wipro Ltd’s corporate venture arm Wipro Ventures has picked up a minority stake in Pune-based big data start-up Altizon Systems Pvt. Ltd. Wipro’s Rs.9.78 crore investment in Altizon allows it to have “a minority holding, not exceeding 20% of the outstanding share capital of the company”. It expects to close its […]
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NEWS 
March 4, 2016 RBI eases stake sale rules in start-ups
The RBI said it would clarify certain other issues that are permissible under current rules. Photo: Ramesh Pathania/Mint Mumbai: The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian start-ups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also allowed start-ups to […]
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ALL DEALS 
March 4, 2016 Urban Ladder appoints Sanjay Gupta chief marketing officer
Founded in 2012, Urban Ladder is one of the early movers in the online furniture segment. Photo: Hemant Mishra/Mint Bengaluru: Online furniture store Urban Ladder Home Décor Solutions Pvt. Ltd on Tuesday named former Marico Ltd executive Sanjay Gupta as its chief marketing officer. Gupta will lead marketing, branding and content among others at Urban […]
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ALL DEALS 
March 4, 2016 Magic Leap raises $793.5 million from Alibaba, Google, Qualcomm
Magic Leap is promising to create a headset that would use a type of light-field technology to simulate 3-D images superimposed on the real world. New York: Magic Leap Inc., the mysterious startup working on a device that simulates reality, has raised $793.5 million in a new round of funding led by Alibaba Group Holding […]
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ALL DEALS 
March 4, 2016 Ratan Tata says some start-up valuations ‘pricey’
File photo.Ratan Tata has invested in more than 25 Indian start-ups over the past 24 months. Photo: Abhijit Bhatlekar/Mint Mumbai: Ratan Tata said his investments in start-ups are aimed at enabling goods and services to reach a large section of the population, although the chairman emeritus of Tata Sons Ltd admitted that valuations of some […]
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NEWS 
March 4, 2016 Ola, Uber launch bike taxi services in Bengaluru
Photo: Hemant Mishra/Mint Bengaluru: Ride hailing services Ola and Uber on Thursday announced the launch of their respective bike taxi services in Bengaluru, a move that will mark their presence in almost every possible land commute option. Uber Inc., the world’s most valuable start-up and Ola (ANI Technologies Pvt. Ltd), now offer between themselves an […]
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ALL DEALS 
March 4, 2016 Flipkart’s monthly ad sales revenue reaches $1 million
Photo: Hemant Mishra/Mint Bengaluru: Flipkart Ltd, India’s largest e-commerce firm, is currently generating nearly $1 million in monthly advertisement sales, making the company one of the largest digital ads platforms in India less than a year after it launched its ads business, two people familiar with the matter said. Ravi Garikipati, head of Flipkart’s ads […]
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ALL DEALS 
March 4, 2016 Augmented reality start-up Blippar raises $54 million
Blippar has 300 employees in 14 offices worldwide, with 30 of them in its New Delhi, Mumbai and Bengaluru offices. Bengaluru: Blippar Inc., a company that makes augmented reality technology for brands as well as for consumers, said on Wednesday that it has raised $54 million from Khazanah Nasional Berhad, the strategic investment fund of […]
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ALL DEALS 
March 4, 2016 MoMark raises $600,000 from YourNest Angel Fund, LNB Group
MoMark offers small retailers customer analytics as well as a point-of-sale terminal with which they can accept money from any mobile wallet. Bengaluru: MoMark Services Pvt. Ltd, a Noida-based firm that makes mobile-based customer engagement platform for small and medium businesses, on Wednesday said it raised $600,000 from YourNest Angel Fund and the LNB Group […]
