Tag Archives: Africa

Zomato raises $37 million; launches local dialect listing in Indonesia, Turkey & Brazil

The India based restaurant listing company, Zomato, has raised $37 million funds from Sequoia Capital as it expands its presence across  Europe, South-East Asia, Australia and the America.

Zomato has been going places and now has launched websites in local dialects in areas including Jakarta (in Indonesian), Istanbul (in Turkish), and Sao Paolo (in Portuguese). Moreover, they have also opened operations in Durban, South Africa and Glasgow and Edinburgh in Scotland.

Zomato has till date raised $53.5 million funds.


AND Designs plans 15 international retail stores; to raise Rs 100 crore

The Anita Dongre designer brand, AND Designs, aims to expand its presence globally by offloading 33 per cent stake to an international PE investor.

The brand is in talks with global PE fund company which will help the brand to get hold of the bandwidth to let the brand explore new international market. The stake sale will get the company an investment of Rs 100 crore.

General Atlantic is also in the race to invest in the company.

Talking about international retail plans, the brand wants to starts by expanding into GCC and South Eastern Nations. Though the brand already has a store in Mauritius, in next 2-3 years the aim is to have 15 stores in new markets including GCC nations, UK and US.

VLCC to open 100 stores; to enter functional foods and neutraceuticals segment

Business of beauty will never fade away, this shows well as brands unveil their expansion plans in terms of presence or new product launches at regular intervals. Indians have become more and more conscious about the way they look coming out of the “ghar ke nushke”.

One such brand which has announced its plans to be available across a larger number cities is the wellness and beauty company VLCC. Founded by Vandana Luthra, the company will open 100 new outlets in both domestic and international markets, including Africa. It will be a two year plan that the company is implementing with an investment of Rs 200 crore.

vlccPhoto via: http://www.thenational.ae

Continue reading VLCC to open 100 stores; to enter functional foods and neutraceuticals segment

Manu Anand quits Pepsico

Manu Anand, President – Asia Pacific, Pepsico has called it quits after his 19 year of association with the F&B major. The sudden decision came a day after Coca Cola announced that its India and West Asia CEO and President, Atul Singh was promoted as Deputy President.

India Economic Summit 2011 Continue reading Manu Anand quits Pepsico