Mumbai-based food startup Drums Food International that sells the popular brand of Epigamia yogurts has raised $30 millon in a Series C round of funding from Danone Manifesto Ventures, the investment arm of the French dairy major. Drum sells artisanal greek yogurt, "mishti doi", and packaged smoothies in 10,000 stores in India....
Korean Beauty Brand Launched in India
Korea's AmorePacfic group has launched its signature luxury brand, Sulwhasoo, in India with Nykaa an omnichannel retailer starting with an online presence in July. With this launch, Sulwhasoo aims to offer its vision of “ageless beauty inspired by timeless wisdom” Further, the Nykaa Luxe store launch is planned for mid-August...
Advent to Acquire Controlling Stake in Indian Biopharma Maker
Boston, MA headquartered global private equity investor Advent International will acquire a majority stake in Mumbai India-based Bharat Serums and Vaccines Limited. The acquisition is expected to close by the end of 2019. Bharat Serums is a biopharmaceuticals company focussed on women’s healthcare, assisted reproductive treatment, and critical care and...
James Bond to Drive Land Rover Defender
In the next James Bond movie No Time to Die that will be released in April 2020, vehicles showcased in the car chases are Defenders from the Jaguar Land Rover Company which is a subsidiary of India's Tata Motors headquartered in Mumbai. The Land Rover Defenders in the movie are no...
Comedian Trevor Noah to Debut in India
Producer, writer, and comedian Trevor Noah is all set for his performance in India in April 2020. Mumbai-based ticketing aggregator BookMyShow will bring the comedy star for his first ever performance in the country. Shows of the Loud and Clear Tour 2020 will be held in Mumbai and New Delhi....
India's Reliance Jio Leverages Acquisitions for Growth
Mumbai headquartered telecom operator Reliance Jio upped its engagement with start-ups through acquisitions, partnerships, or equity stake purchases over the last few months, cherry-picking start-ups in music streaming apps, media production, AI, and blockchain. To date, Jio has invested $37 billion in the four years since its inception and is still...