Retail News Round Up_March 18,2016

Retail News :

  • DLF sells Saket shopping mall to subsidiary for Rs904 crore to streamline and monetize its existing assets Livemint
  • Kotak Mahindra Capital and ICICI Securities exit Infibeam IPO over pricing disagreement
  • Statistics Ministry planning to include ecommerce in calculation of CPI
  • Flipkart arm Ekart ties up with Apollo Pharmacy for delivery and pickup services
  • Nike unveils its first self-lacing sneaker
  • Kalyan Jewellers to open 7 showrooms in Qatar
  • HUL sells off its rice brands to LT Foods
  • Xiaomi goes Apple way, seeks 30% local sourcing relaxation in retail application
  • Amazon Was In Talks With Flipkart for a Possible Acquisition
  • HDFC Bank Launches SmartUp – A Banking Solution Specifically For Startups
  • Paytm targets seller base of 5 lakh by FY17-end
  • Mobikwik goes hyperlocal, launches ‘Explore Nearby ‘

 

“Plenty of people miss their share of happiness, not because they never found it, but because they didn’t stop to enjoy it.”

– William Feather

 

current scheme

Today’s M & A Deals_Dec 23,2015

M & A Deals :

  • Reliance Communications, Aircel in talks to merge
  • Shuttl raises $20M from Lightspeed, Sequoia and Times Internet
  • Adinath Agro raises funding from Carpediem, Kotak-backed hedge fund Infina
  • Palred invests $3M more in tech accessories portal LatestOne
  • SARE Homes raises $30M from KKR’s NBFC

  • Medi Assist invests $1M in Gul Panag-backed MobieFit
  • Doctor Insta gets $500K in pre-Series A round
  • Artificial intelligence startup Arya.ai raises $750k from YourNest, VentureNursery
  • Omidyar, Zephyr Peacock invest in Swarna Pragati Housing
  • Reward points startup PlanetGogo gets seed funding from HT Media, NBM
  • RCI Cash Management raises Series A funding from SIDBI
  • Hong Kong-based Vectr Ventures invests in coupons app LafaLafa
  • Home cleaning startup SBricks acquires Melway
  • Promoters sell 1.37% stake in Godrej Properties to Kotak Mahindra

 

Today’s Wealth Mantra !

“One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world.”

-Ron Chernow

 

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