Big news. Zomato raised $37M from Sequoia Capital and existing local investor Info Edge to supersize its international expansion plans. It’s raised a total of around $55M to date.Will cover 22 countries in next 2 years, currently operates in 8 markets; 2/3 traffic comes from India. Techcrunch
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BigStylist, a mumbai-based beauty service marketplace has secures $1 million in pre-series A round of funding from Info Edge Ltd, that operates many internet properties like Naukri, 99acres, Jeevansathi and Shiksha. Founded three months ago by Richa Singh, Chinmaya Sharma and Anurag Srivastava, the startup BigStylist is a beauty and wellness services marketplace that is working to revolutionize…
BigStylist secures $1m pre Series A fund round from Info Edge
The wellness and beauty services BigStylist secures $1M pre –series A fund round from Indo Edge, Naukri and 99 acres owner. Set up by Richa Singh, Anurag Srivastava and Chinmaya Sharma. Big stylist will try to revolutionize the way the wellness and beauty service industry will be working in the India.
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Zomato, a pioneer in restaurant search and discovery has announced it raising $60 million in a latest round of funding led by Temasek, Singapore-based investment company along with the existing investor Vy Capital. This totals the overall funding to $225 million which has been secured from Info Edge, Sequoia India, Vy Capital and now Temasek. Founder and CEO of Deepinder Goyal said, “We will use…
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WITH tier-2 cities transforming into next growth drivers, and the country bracing itself for an entrepreneurial revolution, members of The Indus Entrepreneurs (TiE), Chandigarh, couldn’t have brought this event at a more opportune time. For the first time ever, TiE Chandigarh will be organising the TiECON Chandigarh.
A one-day conference to be held this February 19 at The Lalit, IT Park, TiECON will see 40-plus speakers, CEOs and founders, 500-plus delegates and 30 plus exhibitors. While the Software Technology Park of India (STPI), Mohali, will be holding an award show for the best entrepreneurs, the event will open its doors to extensive business networking, exciting start-up pitches and more.
It will also see active participation of luminaries like Dr Omkar Rai (STPI), Mohan Das Pai (Manipal Global), Ravi Gururaj (Qikpod), Sanjeev Bikhchandani (Info Edge), Krishnan Ganesh (Portea Medical), Mahesh Murthy (Seedfund), Andrey Terebenin (Sistema Asia Fund), Shanti Mohan (Lets Venture), Raman Roy (Quattro), Sharad Sharma (Ispirit), Suneet Singh Tuli (Datawind Technologies), Samar Singla (Jugnoo), etc, as speakers and panelists.
TiE was founded in 1992 in Silicon Valley to foster entrepreneurship globally through mentoring, networking, and
An annual flagship event of TiE, TiECON, says Ajay Tewari, president, TiE-Chandigarh, is being organised to celebrate the spirit of entrepreneurship in the region, and to create an opportunity to connect with mentors, investors, collaborators.
“It brings together diverse, dynamic, and expert ecosystem to ignite and display innovation. Not only will the conference deliberate on making tier-2 cities the new startup hubs, but it will also recognise the entrepreneurial and innovative efforts of the ICT achievers of the Tricity through STPI awards,” adds Tewari.
India ranks 130th among 189 countries when it comes to ‘ease of doing business’. “A TiECON helps in creating and accelerating an entrepreneur-friendly and a vibrant ecosystem in which there is synergy and energy, where IT and non-IT, start-ups and other businesses establish and thrive,” says Munish Jauhar, Honorary Secretary, TiE-Chandigarh.
Listen, learn, get inspired, network is the motto of this event which, as a curtain raiser, will also see a startup pitch on February 17 with members from Chandigarh Angel Network (CAN) on the panel. More than 100 entries have already been received by the team so far.
“Compared to TiECON-Delhi, which is a two-day event and witnesses crème de la crème and the big boys of business, ours is a step towards it and hopefully will grow from here,” adds Jauhar. Now that Mohali will also have a massive incubation space for start-ups, Additional Director and Centre Head, STPI, Mohali, Ajay P Shrivastava is excited about TiECON Chandigarh.
“TiECON is usually limited to metros but it will for the first time come to a tier-2 city, which is a huge step towards creating a healthy environment for entrepreneurs for such events provide a platform to share ideas, experiences, network and connect. Also, just like Gurgaon and Noida took advantage of TiECON Delhi, here, Mohali and Panchkula will be benefitted by it as it will open up multiple opportunities and extensions to businesses,” adds Shrivastava.
The ad film shows a boss inviting a colleague to the office party, asking him to bring his wife along. The young employee tells his boss nonchalantly that he is still searching for his match. A monologue ensues where the man realises that feigning indifference isn’t working out anymore. He claims to have been looking for his suitable match for a long time and has met many potential brides but never ‘the one’. He playfully alleges that his future bride is choosing to make him wait, glued to the TV for all he knows, while he waits for her and attends other people’s weddings, until she decides to finally log on to Jeevansathi.com.
The ‘Be Found’ advertising campaign by Jeevansathi.com is basically a response to the quip that goes something like this, “They keep saying the right person will come along; I think mine got hit by a bus”. Sumeet Singh, group CMO, Info Edge (India), says, “The new communication aims at registering a thought in the minds of people to look at matrimony from the viewpoint of ‘be found’ rather than looking for a match. It enhances the experience of a person registered on Jeevansathi to arrive at a platform where the prospective match is waiting for him/her.”
The ad taps into a fresh insight of user inertia — most users of these portals, at some point, run out of patience when faced with the task of repeatedly logging in and yet not being able to find ‘the one’. The TVC aims to motivate this part of its target audience into taking action rather than let complacency set in. Furthermore, here is a refreshing matrimonial brand where the protagonist in its communication is no longer a young woman looking for a match or parents using their skills to get the kuwari ladki married off. This induces freshness into the category.
Other players like Shaadi.com, BharatMatrimony or competing matchmaking apps like TrulyMadly, have communicated an empowered woman’s point of view. From the right to choose, to being answerable to herself first, she is shown as having her own identity (for instance, she won’t take on a new last name). In a rush to be in sync with the modern ‘empowered’ woman, the man’s role in ads in this category has been reduced to the mumma’s boy, the online creep or the traditional man who is identifiable as more of a son than a husband. The current ad in question instead projects a confident man who is patient enough to wait for the other party to join the portal, doesn’t look upon negatively at the number of people he met and didn’t click with, and most importantly, is secure enough to place trust in the portal’s services. What will be interesting to see is whether the brand continues to address specific painpoints (user inertia, in this case) in its communication going forward.
EY Announces Finalists for the 17th EY Entrepreneur of the Year™ Awards
Business Wire IndiaAn eminent 11-member jury, led by Mr. Adi Godrej, selected the finalists
Dr. F. C. Kohli, Former Vice-Chairman, Tata Consultancy Services, honoured with the Lifetime Achievement Award
EY, the global professional services organisation, today announced the selection of 18 of the country’s most innovative business leaders as finalists for the 17th Entrepreneur of the Year™ – India 2015. The finalists have been selected from 250 outstanding nominations. They will be felicitated at a grand celebratory banquet to be held on 11 February 2016 in Mumbai.
A distinguished 11-member jury led by Adi Godrej selected the finalists. Other jury members include Subodh Bhargava, Chairman, Tata Communications; Rahul Bhatia, Whole-time Director, InterGlobe Enterprises Ltd.; Arundhati Bhattacharya, Chairperson, State Bank of India; Sanjeev Bikhchandani, Founder and Executive Vice-Chairman, Info Edge (India) Limited; Bharat Doshi, Chairman, Mahindra & Mahindra Financial Services; Kalpana Morparia, CEO, JP Morgan India; Rishad Premji, Chief Strategy Officer, Wipro; Renuka Ramnath, MD & CEO, Multiples Alternate Asset Management; Dilip Shanghvi, MD, Sun Pharmaceuticals; and Shashank Singh, Partner and MD, Apax Partners India Advisers Private Limited.
Mr. Adi Godrej, Jury Chairman and Chairman, Godrej Group says, “For the 17th Entrepreneur of the Year™ awards, we have selected some extraordinary individuals who have contributed significantly to India’s progress. India needs entrepreneurs, people who do new things. Entrepreneurs will create a country, which to my mind will become the world’s largest economy by 2050. This is a great move by EY to help people do even better in their respective fields.”
Says Ms. Kalpana Morparia, CEO, JP Morgan, “The EY Entrepreneur of the Year™ awards put a unique focus on recognising outstanding talent across sectors. No other award puts the singular focus on entrepreneurs that have created great companies as much as EY does. I feel it is a privilege for me to have been a part of it over the last decade.”
Says Ms. Arundhati Bhattacharya, Chairperson, State Bank of India, “India is adding almost one million people to its work force every month. I think it is very important to encourage entrepreneurship since they will be creating these jobs. We not only look for great ideas, but also execution capabilities and the ability to stay the course, when funding an entrepreneur. There was a great line-up of nominations for the Awards this year.”
Mr. Sanjiv Bikhchandani, Founder and Executive Vice Chairman, Info Edge (India) Ltd., said, “The selection process is an extremely rigorous one with all candidates being discussed in depth and detail. The resultant selection is very good. Being a finalist for the EY Entrepreneur of the Year awards is in itself a real endorsement of your efforts.”
The finalists for EY Entrepreneur Of The Year™ 2015 are:
R. S. Agarwal, Executive Chairman and R.S. Goenka, Wholetime Director Emami Ltd.
S. K. Arya, Chairman, JBM Group
Dr. Anand Deshpande, CMD and CEO, Persistent Systems Ltd.
Dr. Ramachandra N Galla, Chairman, Amara Raja Batteries Ltd.
Chandra Shekhar Ghosh, CMD, Bandhan Financial Services Ltd.
Rajeev Gopalakrishnan, Group Managing Director – South Asia, Bata India Ltd.
Vinita Gupta, CEO and Nilesh Gupta, MD, Lupin Ltd.
Sabu M Jacob, MD, Kitex Garments Ltd.
Siddhartha Lal, MD & CEO, Eicher Motors Ltd.
Dr. Arvind Lal, CMD and Dr. Om Manchanda, Dr. Lal PathLabs Pvt. Ltd.
Samir Mehta, Chairman, Torrent Pharmaceuticals Ltd
Krishnakumar Natarajan, CEO and MD, Mindtree Ltd.
Sridhar Pinnapureddy, Founder and CEO, CtrlS Datacenters Ltd.
Vijay Shekhar Sharma, Founder & CEO, One97 Communications Ltd. (Paytm)
Romesh Sobti, MD and CEO, IndusInd Bank Ltd.
Dr. F. C. Kohli, Former Vice-Chairman of Tata Consultancy Services (TCS) will be honored with the Lifetime Achievement Award for his invaluable contributions to the inception and growth of the Indian IT and software exports industry. He is also a recipient of the Padma Bhushan, India’s third-highest civilian honor, for his contributions to the Indian industry.
The winners will be announced across several categories, while the national winner will represent India at the EY World Entrepreneur of the Year (WEOY) awards in Monte Carlo from 7 – 12 June 2016.
Rajiv Memani, Chairman, EY India, says, “Our entrepreneurial landscape is developing rapidly, signifying the spirit of confidence in India. An outstanding 11-member jury comprising some of India’s finest entrepreneurs and business leaders selected the finalists. The finalists this year represent a cross-section of industries from traditional to new-age businesses, but are all very customer-focused and innovative in approach. Many of them have also successfully turned around businesses.”
The jury considered a host of criterion, including the nominee’s entrepreneurial spirit, recent financial performance, strategic direction, product or service innovation, company leadership including personal integrity and risk-taking, values and key employee initiatives, and involvement with the community.
Says Farokh Balsara, Partner and EOY India Program Leader, “The EY Entrepreneur of the Year™ program recognizes individuals who have successfully transformed their ideas and vision into sustainable businesses. By enabling entrepreneurs, we are delivering on our purpose of building a better working world. This year’s awards have the theme of ‘Ideas. Innovation. Inspiration.’ Each of our finalists are exceptional achievers who epitomize the theme with their unique ideas and disruptive innovation, are fostering inclusive growth, and are a source of inspiration for many.”
Former award winners have included Uday Kotak (Kotak Mahindra Bank), Rahul Bhatia (IndiGo), N.R Narayana Murthy (Infosys), Ratan Tata (Tata Group), Adi Godrej (Godrej Group), Mukesh D Ambani (Reliance), Sunil Bharti Mittal (Bharti Group), Kumar Mangalam Birla (Aditya Birla Group), Subhash Chandra (Zee Telefilms), Anil Agarwal (Vedanta), Tulsi Tanti (Suzlon), Anand Mahindra (M&M) and Dilip Shanghvi (Sun Pharmaceuticals).
Read more about the 17th EY Entrepreneur of the Year™ at ey.com/IN/EOY.
About EY Entrepreneur Of The Year™ Award
EY Entrepreneur of the Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, EY Entrepreneur Of The Year™ celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in 60 countries.
EY is a global leader in its Assurance, Tax, Transaction and Advisory services. Our insights and the quality services we deliver help to build trust and confidence in capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization and may also denote one or more of the member firms of EY Global Limited, each of which is a separate legal entity. EY Global Limited, a UK company, which is limited by guarantees, does not provide services to clients. For more information on our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member firm of the global EY organization. It also does not provide services to clients.
Macquarie’s top stock recommendations Apollo Hospitals, Axis Bank, Eicher Motors, HDFC Bank, Info Edge, L&T, Maruti Suzuki, Sun Pharma, TCS and Zee Entertainment.
Technology and rising income levels will drive the next phase of India’s growth over the next 20 years, according to Macquarie, the Sydney-based global investment banking and financial services company. It released a report on its long-term expectations from India equities to mark 20 years of Macquarie opening its first office in Asia.To its credit, India has macroeconomic and financial stability, a favourable demographic profile that supports high savings and investment and rising productivity, which promise a better 20 years. “India will add approximately 10 crore people to its working age population between now and 2025,” the report said.
Domestic savings “Domestic savings are a major driver of investment activity as it reflects a growing economy with rising incomes of households and private corporates and higher tax revenues to the government.” But this depends on key reforms taking place such as introduction of the GST, more infrastructure spending, more investment in developing human capital and improving the demand-supply mismatch. Barriers in the labour, land and capital markets should also be progressively dismantled.
Macquarie’s top stock recommendations for the next 20 years are: Apollo Hospitals, Axis Bank, Eicher Motors, HDFC Bank, Info Edge, L&T, Maruti Suzuki, Sun Pharma, TCS and Zee Entertainment. Read More News Below: