Tag: business news
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Zomato in Advanced Talks to Acquire Paytm’s Movies and Ticketing Business for Rs 1,500 Crore
In a strategic move to bolster its ‘going-out’ business verticals, food delivery giant Zomato is reportedly in advanced negotiations to acquire the movie ticketing and events division of Paytm, India’s leading digital payments company. According to sources close to the matter, the acquisition deal is pegged at approximately Rs 1,500 crore, with the valuation of…
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STARTUP NEWS AND UPDATES as of May 19th, 2023.
The founder of Ironhill purchases nine Dunkin’ Donuts outlets. Teja Chekuri, an international restaurateur and businessman with a basis in India, paid $ 18 million buying nine Dunkin’ franchises through his business Golden Horn Group. In the upcoming six to eight months, the ownership shift will be completed. “Getting a Dunkin’ franchisee is really difficult,…
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Stride Ventures announces a $100 million first closure for its third venture loan fund.
To finish the fund, Stride Ventures hopes to raise an additional $100 million. Stride Ventures is an Indian financial company situated in New Delhi that was established in 2021. With institutional support, corporate governance, excellent unit economics, and operating cash flows, the company offers financing solutions to Indian enterprises. Stride Ventures has announced the $100…
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Rajan Bhalla introduces two new businesses on Brandability
Bhalla has made a comeback to the media industry after leaving HT Media with the launch of BrandsAbility on May 23 and the announcement of an unidentified project in July. Rajan Bhalla has returned to India’s multicoloured media scene with not one, but two businesses. He’s a 32 years across industries in General Management, S&M…
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Tata Starbucks stakes its expansion on smaller, more regionally focused menu items.
Tata Consumer Products (TCPL) stated at the release of its March quarter results that Tata Starbucks intends to aggressively grow its market share in the years to come. This expansion follows a test programme the coffee chain launched last July in Bengaluru, Bhopal, Gurgaon, and Indore for the Picco size and localised menu selections.Sushant Dash,…
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Mekong Capital is considering launching a new fund to capitalise on a’massive potential’ in Vietnam startup pricing.
A private equity company with a concentration on Vietnam is Mekong Capital. Mekong Capital, one of the first private equity companies to engage Vietnam, has been operating there since 2001 and has executed 42 private equity investments (including 28 full exits) through 5 funds with more than 60 full-time staff members.[1] Both Ho Chi Minh…
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Bengaluru, the startup capital, anticipates that the incoming administration will solve industry concerns.
Access to capital has always been a critical demand for all startups across sectors, and entrepreneurs believe that a new administration should provide a significant boost to the ecosystem’s growth. Bengaluru-based businesses are caught in a fundraising winter that shows no signs of abating, layoffs, infra issues, bureaucratic red tape, and unanticipated policy moves. They…
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How These Aspiring Entrepreneurs Won $20,000 for Their Businesses
A new competition invites public housing residents in New York to start their own enterprises. Sarah Adams, a teacher, began selling her Jamaican grandmother’s rum cake as a side business in 2015 with $5,000 from her husband’s retirement money. She was soon handing out samples at fairs and street festivals, growing her business, Ms. Macs,…
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HOW A MILLION DOLLARS AND A START-UP COMPETITION TWISTED BUFFALO’S ECOSYSTEM—YOUR CITY COULD BE NEXT
For the past nine years, the cash-rich startup incubator 43North has been pushing early-stage companies to relocate to Buffalo, New York. Something appears to be functioning properly. Long a downtrodden community best known for its industrial heritage and closeness to the Erie Canal, Buffalo, New York, has recently undergone a transformation into a paradise for…
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Ten European creator economy startups to keep an eye on in 2023 and beyond
Since 2020, almost 165 million creators have joined the Creator Economy. Artists, designers, singers, writers, and TikTok dancers are all examples of creators. A creator is essentially someone who uploads creative content and creations online. Individuals in the creator economy can use their skills and creativity to create content and build an online business. It…
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STARTUPS SELECTED BY SERAPHIM FOR THE ELEVENTH ACCELERATOR PROGRAMME
Seraphim is a UK company that believes in harnessing the potential of space tech by identifying and supporting startups in this field. Helping them grow from an early stage SpaceTech companies across the full life cycle, from inception to exit. Tampa, Florida The nine space entrepreneurs participating in Seraphim Space’s most recent accelerator program, which…
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In fiscal 2023, Indian entrepreneurs save $200 million in technology costs and $800 million in advertising costs.
Meesho and Dealshare have lowered cloud expenses by up to 50%, per UnearthInsight study. According to projections by market intelligence company Unearthinsight, Indian startups would be able to save about $200 million in technology expenditures and $800 million in advertising and promotional costs in FY23 as they make spending reductions to get ready for the…
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Startups in India have reduced hiring for positions earning more than Rs. 50 lakh annually by 80%.
According to a research published on Thursday, hiring for senior roles at Indian startups (with CTCs of more than 50 lakh per year) declined by around 80% across new-age tech platforms in the first quarter of 2023 in comparison to the same time in 2018. In the midst of a funding crisis, this continued a…
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The Way Chinmayie Bhat Overcome Difficult Circumstances to Revive Her Baby Carrier Business
Category BusinessIn order to effectively resurrect her baby carrier business, Chinmayie Bhat, the company’s creator, recounts how she overcame hardships and a personal loss. Bhat was able to revive the brand despite the epidemic seeing a significant decline in sales. While most business owners hope for quick success, Chinmayie Bhat, the creator of the baby carrier…
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Ankit Nagori: The Digital Foodpreneur
The founder of cloud kitchen startup, Curefoods, is on the Digital Cover of Entrepreneur India for May 2023 People continue to place internet orders. However, India is a brand-starved nation. They can either order from large American QSR (quick service restaurant) franchises or from independent eateries. The Indian multi-brand cloud kitchen firms, which include us…
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Good Time to Launch a Business as India’s GDP Will Grow 5-10x, Says Zoho CEO Sridhar Vembu
Category Business & EconomyZoho Corp. CEO Sridhar Vembu discusses beginning a business in the current environment, recommendations for business owners, and the potential of eastern Uttar Pradesh Zoho Office Suite should not be confused with this. Computer software and web-based business tools are produced by the international technology corporation Zoho Corporation, which is based in India. The online…
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Top 10 Young Indian Entrepreneurs to Watch in 2023
Category Business NewsWhat distinguishes age X from age Y without a doubt? Enterprise, or turning an answer into a prospective company idea, would be the proper reaction. A ordinary man and a business visionary are distinguished by their ability to translate a solution into an innovation. Additionally, the business enterprise is unquestionably the best means of success…
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Oyo has positive cash flow in Q4 and looks towards profitability.
Category BusinessIn a town hall on Thursday, the travel technology company Oyo informed its staff that it had achieved cash flow positivity during the fourth quarter of FY23 and that its next objective is to become profitable. In a town hall on Thursday, the travel technology company Oyo informed its staff that it had achieved cash…
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A 25-year-old without a bachelor’s degree earns $200 per hour: “I only work a little over six hours a day.”
Category BusinessSome mornings, Angelina Nguyen earns $150 in five minutes. The 25-year-old is still in awe of her small notary business’s accomplishments. Seven years ago, a few weeks after turning 18, Nguyen thought that being a notary signing agent would be a quick side job to augment her income as a bank teller. Notaries, sometimes known…
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Pokémon card salesman, 29, who left the NFL to start his own business, explains how he grew it to make $8.3 million in nine months.
Category UncategorizedBlake Martinez didn’t anticipate quitting the NFL to sell Pokémon cards when he was selected by the Green Bay Packers in the 2016 NFL Draught. Martinez, a productive NFL linebacker for more than six seasons, decided to retire in November 2022 so he could concentrate on his side business, Blake’s Breaks. He buys and sells…