BUSINESS
Nykaa CEO Falguni Nayar learnt these two things from Uday Kotak
Falguni Nayar is the chairperson, CEO, and MD of Nykaa, a beauty and fashion eCommerce platform that had a blockbuster listing on the bourses on November 10.
BUSINESS
Exclusive | Nykaa CEO Falguni Nayar: Not choosing growth over profitability, will try to achieve both
Falguni Nayar has proved something that many doubted- it is possible to make a super-valuable startup without being on Twitter.
BUSINESS
Zomato to deploy $1 billion over 1-2 years in startup investments, picks stakes in Shiprocket, Magicpin and Curefit
While the Shiprocket funding is part of a $200 million round which the company is raising, Curefit and Magicpin's are standalone equity rounds.
BUSINESS
Curefit to raise funding from Zomato, likely to become unicorn
In August, Moneycontrol reported that Ankit Nagori was in talks to raise Rs 100 crore to build a house of food and cloud-kitchen brands.
BUSINESS
EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases
WhatsApp is accelerating efforts to expand its payment service. A relaxation of the 20 million user limit will help it ramp up transaction volumes and value
BUSINESS
EXCLUSIVE: Zomato wants to do an Info Edge, scouts for investments in startups
Zomato's strategy to build an investment portfolio on top of its mainstay food delivery business is similar to the approach that Info Edge has in India or Tencent has in China.
BUSINESS
Interview: I always thought I was founder of PepsiCo, believe in pay parity with a passion, says Indra Nooyi
In an exclusive interview with Moneycontrol, Indra Nooyi talks about her views on pay parity, her Indian roots, the flourishing startup ecosystem, and how she wants to give back to her country of birth.
BUSINESS
Meet KV Ramani, who donated 80% of his wealth to Shirdi Sai Baba and is now building Sai University
The 70-year-old entrepreneur and philanthropist is now gearing up for his next mission- to build, in his words, the Stanford of India. Ramani is the founder-chancellor of Sai University,. an interdisciplinary and multidisciplinary university that started functioning in August this year.
BUSINESS
IT fresher salaries stagnates even as war for tech talent intensifies in India
According to former Infosys CFO and HR Head Mohandas Pai, IT companies must increase fresher salaries to Rs 5-5.5 lakh per annum, and after a year of training, the pay should be increased to Rs 6.5 lakh. He said this would lower the cost of hiring and bring down subcontractor costs for companies.
BUSINESS
Inside Ola's plan to crack the food and grocery delivery market, again
Ahead of its $2 billion IPO, Ola is set to wade into the hyper-local and ultra-competitive grocery delivery space once again. Having burnt its fingers in the past, will it be second time lucky for the ride hailing platform? Moneycontrol examines what’s at stake.
BUSINESS
MC Interview| I cannot tell you how elated I am. This mission is going to change India: IPO-bound Paytm's Vijay Shekhar Sharma
The payments and financial services player is preparing for an Rs 18,300 crore initial public offering (IPO) that will open for subscription between November 8 and 10, 2021 at a price band of Rs 2,080- Rs 2,150.
BUSINESS
Policybazaar IPO | Profitability is a choice, not a priority, says founder Yashish Dahiya
The company has raised around $400 million over the last 13 years, and has about 60-70 percent of that money parked in bank accounts, says Dahiya.
BUSINESS
IPO-bound Nykaa eyes house of brands strategy, will expand into UK & Middle East
While Nykaa started out as a multi-brand beauty products e-tailer, it forayed into fashion three years ago, with plans to further expand in categories such as wellness, tech accessories, mom and baby and jewelry. It has an inventory-led model for beauty and cosmetics, and a marketplace model for fashion.
BUSINESS
Groww raises $251 million at $3 billion valuation, will look at adding government bonds and derivatives
Groww plans to add fixed-income investment products, derivatives, build its mutual funds vertical and extend its reach to under-penetrated geographies post the Series E fundraise
BUSINESS
Curefoods acquires a slew of cloud-kitchen brands to step up Thrasio for food play
The startup has acquired six cloud kitchen brands and is looking at another 25 to expand footprint across multiple cities
BUSINESS
Silicon Valley fund Andreessen Horowitz ropes in Aditya Rane for India Fintech and Crypto
It wasn't immediately clear what Rane's role would be and where he would be based, but one source told Moneycontrol that this could be a sign of a16z launching operations in India.
INDIA
India's vaccine century: India Inc says 100 crore doses is a big confidence builder
India needs to continue to double down on the pace as it presses ahead to fully vaccinate the entire adult population, India's top business leaders and entrepreneurs have said.
BUSINESS
Interview | It is not a recovery, but a rebuild for the IT industry: Nasscom President Debjani Ghosh
In an interview with Moneycontrol, Ghosh spoke about the need to move away from just cost advantage, the unprecedented war for talent and the startup boom in India.
BUSINESS
We shrank to grow; scale doesn’t scare us: L&T Infotech CEO Sanjay Jalona
The great restructuring of this time is scripting a change in the future of work as well as the workforce, says L&T Infotech CEO Sanjay Jalona. And it is creating huge opportunities because every vertical, industry and company needs to adapt to the new normal.
BUSINESS
Exclusive: IPO-bound Ola's COO and CFO to exit the company
Nitin Gupta, who was the CEO of Ola Financial Services, also resigned last year, while Ola's chief business officer Sanjay Bhan, also left the company in less than a year.
BUSINESS
Optimistic about products and platforms business as we move into next year: HCL Tech CEO C Vijayakumar
Demand from the market is very good and the company is focused on organic growth, HCL Tech CEO C Vijayakumar told Moneycontrol. He also outlined the WFH/WFO model HCL Tech is likely to follow as the pandemic eases.
BUSINESS
Want to end FY22 with industry-leading growth: Mindtree CEO Debashis Chatterjee
Mindtree has been hiring and will continue to hire people for leadership roles from other tier-1 companies, CEO Debashis Chatterjee told Moneycontrol. Read on to find out why.
BUSINESS
Wipro to hire 17,000 freshers in FY22: CFO Jatin Dalal
The company plans to recruit 40 percent more freshers than originally planned even as it says the current high rate of attrition could continue for the next couple of quarters
BUSINESS
Started Mobikwik from my living room; we are very kicked to go public, says Founder Upasana Taku
Markets regulator SEBI has cleared the decks for Mobikwik’s Rs 1,900 crore IPO. Founder Upasana Taku takes us through the fintech’s ups and downs from its humble beginnings 12 years ago as well as its plans for the future
