Author Archives: Loknath Das

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome,  a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG); Daiwa PI Partners, ... Read More »

Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions

New Delhi: The Competition Commission on Tuesday said it has approved Nippon Express’ acquisition of 22 per cent stake in Future Group’s logistics arm Future Supply Chain SolutionsNSE -0.82 % Ltd. Future Supply Chain Solutions in September said that Japan-based Nippon Express Co will acquire 22 per cent stake through a combination of primary issuance and secondary purchase from an existing investor. The Competition Commission of ... Read More »

Reimagining the future of the consumer in India

AI, IoT and other tech-driven tools are not only tracking consumer buying behaviour but also increasingly influencing it Tech trends are altering the retail scenario globally and in India the situation is no different. Today, the Indian ecosystem is embracing the latest innovations at an encouraging speed, which are forming an essential part of their go to market strategy. Brands ... Read More »

Kishore Biyani-led Future Consumer to take its brands to the bigger bazaar

NEW DELHI: Kishore Biyani-led Future Group company Future ConsumerNSE -2.92 % is set to take its portfolio of over two dozen personal care, snack and homecare products to general stores across the country, competing with consumer goods giants Hindustan UnileverNSE -0.56 %, Reckitt Benckiser and PepsiCo amid slowing consumption in India. “So far, we have been distributing only a few of our own brands in general trade ... Read More »

Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also ... Read More »

Ultraviolette F77 review, test ride

. A few months ago, we brought you a review of a brand-new electric motorcycle prototype that’s designed and developed in Bengaluru. That bike has now been officially unveiled as the Ultraviolette F77, and we’ve now got the chance to briefly ride it at the MMRT. Here’s what India’s first sporty electric motorcycle feels like. What is it? It is a major ... Read More »

Future Consumer names Rajnikant Sabnavis as CEO

NEW DELHI : Future Consumer Ltd, part of Kishore Biyani-led Future Group, on Tuesday named Rajnikant Sabnavis as its new chief executive officer, effective January 1, 2020. Future Consumer is the consumer goods arm of Future Group and sells popular packaged goods brands such as Tasty Treat, Voom fabric care, Karmiq dry fruits, Sunkist beverages and Mother Earth, its organic staples brand, ... Read More »

Best Used Car Deals In Bangalore for Ford EcoSport between 50,000 – 1,00,000 Kms From Cartoq TRUE PRICE

Ford pioneered the sub-compact SUV segment with its EcoSport which has been its best-seller since its launch. EcoSport is a well-built car that is a joy to drive and therefore a favourite of enthusiasts. A used EcoSport is ideal for those looking a for feature-rich, stylish SUV that is good to drive–both in the city and on highways. Ford’s initiative to ... Read More »

Uncertainty looms over future of new Maharashtra government

CM Uddhav Thackeray says will stick to Hindutva agenda Uncertainty looms large over the future of Uddhav Thackeray-led Maharashtra Vikas Aghadi (MVA) government even as it has proven its majority in the State Assembly pushing the BJP to the Opposition benches. In the first Assembly session, CM Uddhav Thackeray was seen struggling to modify his saffron agenda as he shared ... Read More »

Jack Dorsey’s ‘Future Defining’ Plan To Bring Bitcoin To 1.2 Billion People

Bitcoin and cryptocurrency has struggled to find its place in the developed world— where payments are easy, corruption is (relatively) low and infrastructure is in place. The bitcoin price has, however, climbed this year, largely due to interest in bitcoin and crypto from technology giants including Jack Dorsey’s social network Twitter and iPhone-maker Apple. Now, Dorsey, the chief executive of both payments ... Read More »