Daily Archives: July 6, 2013

Gitanjali Jewels a step away from 100 stores

One of India’s leading jewellery brands, Gitanjali, has opened its 99th franchised store in Bhuj of Gujarat. A step closer to a century, the new store takes the retailer’s presence across 75 cities in the country.

Gitanjali Group is a 52-year-old company having stores outside the country including USA.


Indian Angel Network eyes East India; approached by entrepreneurs

Indian Angel Network (IAN), the network of angel investors spread across key cities of the country including Pune, Delhi, Bangalore and Mumbai, are now eyeing the cities of Eastern India as they plan to set up base in Kolkata.

The move will accelerate the investments by IAN in states including West Bengal, Jharkhand, Orissa along with North Eastern states. Along with this, the network has also tied up with technology service arm of Usha Martin Group, Usha Martin Technologies.

According to IAN, they have been approached by a number of entrepreneurs from the Eastern region which encouraged them to leverage this region.

About IAN:

  • A network of 250 investor members from around the world comprising of entrepreneurs and CEOs of leading institutions
  • Funded 50 start-ups across multiple sectors like IT, mobile, Internet, healthcare, e-commerce, gaming and education
  • In 2011, IAN invested over USD 8 million in 11 startups, whereas in 2012, it invested USD 11 million, making it almost a deal every 3 weeks
  • Few of its portfolio startups include Aurus Network, Alma Mater, Vienova, Druvaa Softwares, Kwench, Gamiana and Peelworks

Chennai Super Kings to reach fans via health clubs & retail stores

In all these years of IPL being the rage among cricket lovers, Chennai Super Kings has been one of the most loved teams. One for the play and two for M S Dhoni who reigns the hearts of many Indians. Now the team plans to rule the hearts of their fans throughout the year as the plans are to launch resort-style health club in their home-city Chennai and enter sportswear retail. Continue reading Chennai Super Kings to reach fans via health clubs & retail stores