Opportunity India Desk

India’s largest online food grocery store Bigbasket has raised INR 350 crore from holding company Supermarket Grocery Supplies, according to regulatory documents accessed by business intelligence platform Tofler. The investment was approved on May 24 this year and the company allotted 3.5 crore equity shares. The funding is expected to help Bigbasket compete with Amazon, ...

SUGAR announced this week that it has closed a Series D funding of USD 50 million, led by Asia fund of L Catterton, consumer-focused private equity firm. It has raised a total of USD 85 Million in funding over 4 rounds. Their latest funding was raised on 30 May, 2022 from a Series D round. Funded by 8 investors A91 Partners and India Quotient are the most ...

Reliance Brands Limited (RBL) has announced signing of a joint venture arrangement with Plastic Legno SPA and will acquire a 40 per cent state in latter’s toy manufacturing business in India. This investment by RBL servesa dual purpose, bringing in vertical integration for toy business of RBL and helping diversify the supply chain with a ...

The Ayurveda Company (T.A.C) has roped in Rahul Kaushik as Vice President-commerce. Rahul Kaushik comes with a rich experience of 15 years in the FMCG industry. He had over a decade-long association with ITC Ltd., and Marico Ltd., where he led multiple roles in traditional and modern retail channels. In his last assignment, he worked ...

The Central Government has approved New Guidelines of Central Sector Scheme “Promotion of MSMEs in North Eastern Region and Sikkim”. The scheme will be implemented during the 15th Finance Commission Cycle, this means from 2021-22 to 2025-26. The Scheme is envisaged to provide financial support for enhancing the productivity and competitiveness as well as capacity ...

The mobile app providing platform for investing in Cryptocurrencies CoinSwitch has launched India’s first benchmark index to measure the performance of the India Rupee-based crypto market, the Crypto Rupee Index (CRE8). CRE8 tracks the performance of eight Crypto assets that represent over 85 per cent of the total market capitalisation of cryptocurrencies traded in Indian ...