Gurgaon-based logistics technology start-up Rivigo has scored a cheque of $75 million or Rs 500 crore led by private equity major Warburg Pincus at a time when there’s been a drastic cut back in growth stage funding this year. Having begun operations in 2014 as TruckFirst, the company servi…
Tag: FMCG
Total count on BSE SME platform reaches 153
Radhika Jeweltech, which raised nearly Rs 50 crore through its IPO, got listed on BSE’s small and medium enterprise (SME) platform on September 27, taking the total number of such firms to 153. This was the biggest initial public offering till now on any SME platform in India. The firm came…
Govt plans single policy for retail, FMCG & e-commerce
To provide a level-playing field to stakeholders, there is a move in government to harmonise policies of retail, FMCG and e-commerce within a single policy framework, NITI Aayog CEO Amitabh Kant said. Interacting with CEOs at FICCI’s annual Retail, FMCG and E-Commerce convention, he said th…
Quality, organic and indigenous products sales driving the business growth for Patanjali Ayurved Ltd: Ken Research
In the FMCG market, the Q4 results for FY’2015-2016 indicate that sales volume is not growing as rapidly as expected. The growth margins have diminished and have taken a toll on all major companies. HUL’s revenue growth has been consistently falling in the past seven quarters from 13.2% in quarte…
RBI recognizes development of ports and logistical services inclusive to the growth of the economy
Mumbai, 09th June 2016: RBI in its recent monitory policy has clearly stated that increase in capacity of ports is integral to the growth of the economy. It also recognizes development of infrastructure, including ports, roads, and railways as a positive sign of economic revival in the past few y…
Patanjali to take on online healthcare startups
Ramdev Baba’s Patanjali is reportedly planning up an online platform Chikitsalaya for Ayurvedic consultation and treatment. After taking on FMCG in the country, Baba Ramdev is looking for digital health startup. According to the industry experts this move will help Patanjali ramp up its outreach …
Busy 16 becomes the first business accounting software to provide the latest DVAT e-return filing as per item codes
BUSY 16, the Complete Business Accounting Software from Busy Infotech Private Limited has become the first accounting software to provide the latest Delhi Value Added Tax (DVAT) e-Return filing feature in its software. Delhi Government has recently changed the format of DVAT e-Return. Till now, …
e-Commerce, tech start-ups seen creating 23% more jobs by Sept | Report
The e-commerce and tech start-ups domain will see 23.6 per cent growth in jobs between April and September this year, according to the Teamlease Employment Outlook Report. This is followed by the retail sector, which is set to generate 14.4 per cent more jobs over six months. The e-commerce secto…
Snapdeal invested $300mn in supply chain, logistics in 18 mnths
E-commerce major Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics and facilitate the increase in shipment volumes. The city-based firm has seen 1.9 times increase in shipment volumes from 1.29 lakh daily shipments last…
Job portal Monster India to use database for funding startups
Job portal Monster has launched MakeIndiaWork initiative under which it will use its database to crowd source funds for entrepreneurial ventures with an aim to further boost the startup ecosystem in the country. ‘MakeIndiaWork’, a central hub will bring together startups, job seekers,…