Varun Jain, The Economic Times New Delhi, 30 March 2015 Jawed Habib Hair and Beauty Pvt. Ltd, which runs a chain of 480 salons in India, has licensed Jawed Habib brand name to launch hair cosmetic products. The company is also looking to introduce two salon brands this year, according to its founder, taking the brands tally to seven. The company runs Jawed Habib Academy and salon and parlour brands Bevels, Hair Yoga, Jawed Habib Hair & Beauty and Hair Xpresso. The licence for the hair cosmetic range, which will be known as "Jawed Habib Hair Yoga products", has been…
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Written By: Devangshu Dutta The Netherlands is the second largest exporter of agricultural and food products in the world. The processed food sector has grown about 35 per cent over the last 10 years, with investments in research growing 75 per cent. The sector’s share in total production value is 21 per cent making it largest industrial sector in the Netherlands. In spite of this, the share of Dutch processed food products in total imports in this sector India is limited. Keeping the immense growth potential of the Indian market in mind, the Embassy of the Netherlands commissioned a study…
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Manu Balachandran, Madhura Karnik, Quartz India Mumbai, 20 March 2015 On March 18, one of India’s most celebrated startups received a huge blow. Alibaba Group Holding, promoted by Jack Ma, China’s third-richest man, backed off from buying a stake in Snapdeal, one of India’s largest online marketplaces. This would have been the Chinese e-commerce giant’s first direct investment in India. The deal stalled after Snapdeal apparently sought a valuation of between $6 billion and $7 billion (Rs37,500 crore-Rs43,800 crore) while Alibaba was looking at valuing the company at under $5 billion (Rs31,200 crore). The breakdown in negotiations has raised questions…
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Deepti Chaudhary, Shravan Bhat, Debojyoti Ghosh, Sohini Mitter, Forbes India Mumbai, 17 March 2015 BookMyShow Funds raised: Rs 300 crore What does it do: BookMyShow is India’s biggest online movies and events ticketing company and occupies 85 to 90 percent of the online entertainment-ticketing market; 70 percent of its sales comes from movie tickets and the remaining from sports, plays and live events. At present, sports accounts for almost 20 percent of its revenues and is seen as a future growth area. BookMyShow reaches about 800 to 900 cinemas in 200 cities and towns. About 60 percent of its transactions…
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Deepti Chaudhary, Shravan Bhat, Debojyoti Ghosh, Sohini Mitter, Forbes India Mumbai, 16 March 2015 When Mithun Sacheti received a LinkedIn request from Tiger Global in the first half of 2011, he didn’t even blink. It was probably one of the many that came in every day, he thought. Turns out, the chief executive and founder of CaratLane, India’s largest online jewellery store, had never heard of the international investment firm. (To be fair, Tiger Global does not have a website even today.) A few days later, Sacheti learnt about Tiger Global’s credentials as an investment firm known for backing fast-growing…
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