Retail News Round Up_Dec 18,2015

Retail News :

  • Freshdesk buys user engagement platform Konotor
  • Cabsguru raises angel funding; launches a bot to book cab rides
  • IRCTC passengers can now use Paytm to pay for food ordered online
  • Flipkart’s top shopper in 2015 is single, male and works in an office
  • K Sera Sera & United Mediaworks merge
  • Blubirch secures $2M from Chicago Capital Ventures & other investors
  • Spencer’s Retail to enter ecommerce with Meragrocer acquisition
  • HUL to buy Indulekha for Rs330 crore
  • PepsiCo to launch fastest growing snacks Doritos next week
  • Jabong launches UK-based brand Missguided
  • com to launch ten experience centers by March 2016

Today’s Wealth Mantra !

“Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.”

-Ron Chernow

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Today’s M & A Deals_Dec 16,2015

M & A Deals :

  • RP-Sanjiv Goenka Group close to making three acquisitions
  • ASK invests $54M in Rajesh LifeSpaces’ Vikhroli project
  • India.com to acquire startups in 2016
  • Astra Microwave raises around $9.5M via QIP
  • Cabsguru raises $200K from Paysense founder, others
  • Event Booking Startup, BookEventz Raises Angel Funding Led By Mumbai Angel
  • Digital media startup DealStreetAsia raises funding
  • Visual search engine startup Streamoid raises $1M
  • Wedding Services Marketplace, Weddingz Raises Rs 8.2 Crore In Pre-series A Funding
  • Aditya Birla Group lists 24 startups for incubation programme
  • Rainmaker Ventures floats $50M early-stage tech fund

 

Today’s Wealth Mantra !

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.”

-George Soros

 

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