Articles

B2B Brand Fashinza Raises USD 100 Million In Series B Funding

Opportunity India Desk Jun 07, 2022 - 4 min read

Fashinza, the Artificial Intelligence-driven B2B marketplace and real-time global supply chain for fashion brands and retailers on June 6, 2022 announced that it has raised a USD 100 million in Series B funding led by Prosus Ventures and Westbridge along with participation from existing investors Accel, Elevation, and DisruptAD. The round also saw participation from angel investors ...

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Jan Samarth Portal To Improve Lives Of Students, Farmers And Entrepreneurs

Opportunity India Desk Jun 06, 2022 - 4 min read

Prime Minister Narendra Modi launched a National Portal for Credit Linked Government Schemes - Jan Samarth - on Monday in order to free people from rigmarole of doing rounds of government ministries and websites and help in improving the lives of students, farmers, businessmen and MSME entrepreneurs. ‘Jan Samarth’ provides single window facility for 13 ...

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Westlife Development Appoints Akshay Jatia As Executive Director

Opportunity India Desk Jun 06, 2022 - 4 min read

Westlife Development Limited, an Indian fast food restaurant holding company—operating as the master franchisee of McDonald’s in India has named Akshay Jatia as Executive Director of the organisation. In his new role, Akshay will lead the overall business strategy to further strengthen McDonald’s as the food-tech destination of choice across platforms in West and South ...

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KFC Goes Eco-Friendly, Launches Its First 'Sustainable Restaurant'

Opportunity India Desk Jun 06, 2022 - 3 min read

The fast food chain KFC India went eco-friendly with launch of its firstand the most so far ‘sustainable restaurant’ in Chennai. The outlet aims at tapping energy efficiency and use of environment friendly materials under its initiative ‘KFConscious’. According to the company, the first such sustainable restaurant has been set up at Thiyagaraya Nagar (T ...

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A Person To Live For Over 150 Years Has Already Born: Dr. Harsh Vardhan

Opportunity India Desk Jun 06, 2022 - 4 min read

Medical Science has witnessed unprecedented growth in recent years in terms of prevention of diseases. A recent global report has claimed that at least one among those expected to be lived for over 150 years on this earth has already taken birth. Member of Parliament (MP) and Ex-Union Minister for health and family welfare Dr. ...

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APAC Life Insurance Industry Posts 7 Per Cent Growth In 2021

Opportunity India Desk Jun 03, 2022 - 3 min read

Life insurance industry in Asia-Pacific region has recorded a 7 per cent growth in 2021, the highest since 2016. This is due to increased insurance awareness, as macroeconomic imbalances highlighted the importance of financial security in the wake of COVID-19 pandemic, says GlobalData, a leading data and analytics company. As per the report, the life ...

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Legal Framework To Stop Restaurants From Levying Service Charge

Opportunity India Desk Jun 03, 2022 - 3 min read

The Department of Consumer Affairs (DoCA) held a meeting with restaurant associations and consumer organisations to decide on robust framework to ensure strict compliance by the stakeholders with regard to service charge levied by restaurants and hotels as it adversely affects consumers on a daily basis. The meeting was chaired by Rohit Kumar Singh, Secretary, ...

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Bigbasket Raises INR 350 Cr As Competition Rises

Opportunity India Desk Jun 03, 2022 - 3 min read

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, ...

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SUGAR Cosmetics Raises USD 50 Million In Round Led By L Catterton

Opportunity India Desk Jun 03, 2022 - 3 min read

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 ...

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Reliance Brands Limited Inks JV With Plastic Legno SPA

Opportunity India Desk Jun 03, 2022 - 3 min read

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 ...

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