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.
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.
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.
Photo via: http://www.thenational.ae
Continue reading VLCC to open 100 stores; to enter functional foods and neutraceuticals segment
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.
Continue reading Manu Anand quits Pepsico