July 30, 2015 - Flipkart, Snapdeal and Ola- the first three Indian startups to join the unicorn club of firms with $1 bn valuation

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Digital Flipkart, Snapdeal and Ola- the first three Indian startups to join the unicorn club of firms with $1 bn valuation Flipkart, Snapdeal and Ola — the first three Indian startups to join the unicorn club of firms with $1 billion valuation — are hiring seasoned executives in key roles. Digital Number Speaks! Why Bangalore is by far the best for technology entrepreneurs in India Bengaluru has lots going for it as it moves four places up in the Startup Ecosystem Report 2015 released by US-based rating agency Compass Digital PricewaterhouseCoopers to mentor 10 handpicked Indian startups for free According to people with knowledge of the matter, PwC would give advice on matters ranging from taxation to fundraising to the selected startups. Digital First techno-residential project inspired by technologies like robotics, cloud coming up in Bangalore Mantri Developers, a leading property developer in the south, is offering residential apartments and penthouses as part of its Mantri Webcity project. Coming up on the Hennur Main Road Retail Ecommerce companies, tech startups like Flipkart, Amazon are India's biggest office space takers in H1 Ecommerce companies and technology startups outpaced IT/ITeS firms for the first time as the biggest office space taker in the country in the first half of the year. Retail Retail chains bet big on smaller stores It is increasingly becoming difficult to find large spaces to open stores and retailers are also realising that rents for large spaces are not justifiable Retail Food service chains like TFS, Lite Bite Foods, Jubilant Foodworks & others high on hopes with Railways' modernisation For instance, railway stations handle over one lakh passengers a day and these passengers on an average spend around Rs 100-125 on a meal. Retail Paytm Backs $50M Funding For Zovi, India-Based Online Fashion Retailer Hyper-local deals are all the rage among India's mobile-driven online shopping companies, and they are racing to enroll merchants. Telecom Infosys, Wipro & TCS lose over 1,00000 people in last four quarters as automation kicks in At the core of this sea change is automation and the advent of newer technologies such as cloud computing, and improved productivity... Telecom Samsung loses 3.3% smartphone market share in India Samsung retained its premier position in the Indian smartphone market at the end of the second quarter (April-June) of the current calendar year with a market Telecom Telecom companies to share networks during disasters: DoT The department in April had asked the operators to implement priority call routing facilities for personnel responsible for 'response and recovery' during disasters. Telecom Deals platform Little raises $50 million from Paytm, others Along with Paytm, a large "undisclosed investor", SAIF Partners and Tiger Global participated in the round, it said in a statement... Finance PSU banks hit fresh 52-week low; analysts remain cautious Bank of India, Allahabad Bank, Canara Bank, Dena Bank, Oriental Bank, Syndicate Bank, Uco Bank and Vijaya Bank have touched their respective 52-week lows on the NSE. Finance JSW divests 26% stake in South African Coal Mining Holdings It acquired majority stake in the firm four years ago. Finance State Bank of India set to enter wealth management, compete with private banks SBI will venture into wealth management, one of the most profitable business initiatives of private and foreign banks, chairman Bhattacharya confirmed. Finance Infosys, Wipro & TCS lose over 1,00,000 people in last four quarters as automation kicks in At the core of this sea change is automation and the advent of newer technologies such as cloud computing, and improved productivity. Food/FMCG Nestle India did not opt for re-test, instead burnt Maggi: FDA Maharashtra's FDA argued in the Bombay High Court that Nestle India had burnt several tonnes of Maggi after the state's ban order was imposed. Food/FMCG Stiff norms curbing profit growth in alcoholic beverages market in India: Moody's report Restrictive regulations, including progressive taxation and pricing controls are curbing profit growth in alcoholic beverages market. Food/FMCG Nestlé India slips into loss after Maggi noodle ban Financial Times Food/FMCG Wine sale has been growing 25% a year but wineries are facing shortage of the raw material as farmers prefer growing table grapes to wine variety. Software Why is Bangalore no more the world's back office but is becoming the hotspot for start-ups? The city has transformed into the mecca of startups in India over the last two years Software Alibaba bets big on cloud business : Will invest $1 billion China's Alibaba Group Holding Ltd said it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. Software Infosys co-founder SD Shibulal joins daughter Shruti's hospitality venture 'The Tamara' Since he retired from Infosys last year, Shibulal has been making investments through his family office Innovations Investment Management. Software Hyperlocal delivery startup 'Opinio' uses geo-coordinates for efficiency : Raises $1.6M from Accel Partners Bangalore-based on demand food & grocery startup Opinio has raised $1.3 mn in a funding round led by Accel Partners, TraxcnLabs & few other angel investors. Ecommerce Flipkart announces the launch of 20 stores across the country where customers can collect their shipments at their own convenient time Flipkart will introduce value-added services at the 'experience zones, including spot trials, returns, cash on return, open box deliveries. Ecommerce Amazon witnesses tremendous growth in Tier II cities, reaching 50%, from the 36% a year ago Online marketplace Amazon said it is witnessing tremendous growth in its e-commerce business from Tier-II cities, including this industrial city. Ecommerce Snapdeal replaces yearly employee appraisal with trimester reviews; employees go through performance appraisals and goal-setting every four months Snapdeal is replacing annual employee appraisals with trimester reviews, as one year becomes too long a period to evaluate staff performance Franchise Franchisee Journey: From consultant with no knowledge in flooring to carpet care franchisee Franchisor, contractors and franchisees worked together to help create MilliCare Textile and Carpet Care franchise. Franchise What are the factors that determine franchise performance in advance, and how should they be assessed? - Franchise AdviceFranchisors who have the ability to monitor these lead indicators and can provide timely and appropriate remedies when required have a much better chance of maintaining and increasing performance across a network. It also follows that not only will franchisors then have higher-performing franchisees, but that those franchisees will be better advocates for the brand, which in turn leads to further benefits for the network. HR McKinsey loses more than 40 consultants, including 14 of India's top team Companies like Myntra and Snapdeal have so far hired 8-10 McKinsey consultants each, Paytm will have another 8-9... HR Bangalore Is World's 2nd Fastest Growing Startup Ecosystem, Has Youngest workforce Bangalore has risen four places in the latest Global Startup Ecosystem Ranking by San Francisco-based Compass, a research firm that provides global benchmarking tools. Their first such report on w HR Flipkart, Snapdeal and Ola drive up demand for 'experienced' executives The first three Indian startups with a valuation of $ 1 billion - Flipkart, Snapdeal and Ola having become giants in terms of revenue are relying largely on seasoned executives in key roles HR GM to shut Gujarat plant; invest $1 bn in consolidation Company to consolidate production at factory in Talegaon; union threatens legal action over job losses Logistics India orders public ports to prioritize coastal cargo with dedicated berths for coastal vessels with zero berthing charges All of the major public ports in India will soon set up a green channel for the clearance of coastal cargo, another initiative by the Narendra Modi-led government to reduce supply chain bottlenecks. Logistics India's IndiGo puts end to Qatar Airways flirtation speculation releasing a press statment that it is not intending to sell any stake to Qatar Airways IndiGo said reports about Qatar Airways acquiring a stake in the Indian airline are baseless Logistics Velvetcase switches over to marketplace model, adds 180 jewellers and designers for better reach to customers The Mumbai-based company, founded in 2012, was earlier focused on selling customised and designer jewellery through its portal. Logistics Jet Airways changes timing for Hong Kong-New Delhi flight; now to depart at 2.30 am and reach HK at 9.30 am local time Jet Airways is rescheduling its daily Hong Kong-New Delhi service to offer a new daytime arrival in the… Construction Criticism over corporate governance issues at HCC Company rejects criticism on disclosures, governance Construction Realistic Expectations to Boost Real Estate Demand, According to CII As many as 14 malls together having 3.5–4.5 million sq ft will withdraw from retail operations in near future, a CII-JLL report on Indias real-estate sector said. Construction Study says sizes of house has fallen by 26.4% in Mumbai over 5 years Size of houses in other cities such as NCR-Delhi, Pune and Hyderabad have also dwindled. Construction Revival under construction The government's emphasis on kickstarting the economy through public expenditure on infrastructure development has raised hopes of revival among construction and capital goods companies linked to infrastructure sector. Marketing Builders devising unique ways to sell expensive homes : JLL Unable to sell expensive homes, builders are now exploring innovative ways, including reducing the size of apartments to make them more cost-effective, property consultant Jones Lang LaSalle said in a report. "Builders are exploring innovative ways Marketing TV gets 50-60% of e-commerce ad pie in Q1 : Report TV gets 50-60% of e-commerce ad pie in Q1, He further added that growth has been especially good because of the continued spending from ecommerce companies. "Almost as much as 30% of our ad revenues have come from ecommerce brands. Apart from this FMCG brands continue to maintain their Marketing Motorola bets big on e-tail, launches Moto G-3rd Gen Exchange4MediaAccording to a Motorola study, 74 per cent of Indians sleep holding their phone and most can't go a single day without it. Motorola believes that "smartphone users trust their handsets with their most personal questions, photos, stories and secrets Marketing Indians prefer domestic brands In further evidence of the challenge that Indian FMCG brands are mounting against their global counterparts, new rankings show these domestic brands are leading in terms of consumer reach. Politics Simple, secular and compassionate: Wasn't Kalam the Mahatma Gandhi of our times? In the years after his presidency, Kalam was gripped by the dream improving basic infrastructure in rural India which he visualized as the key for a prosperous India. For this, he developed and proposed the PURA model (Providing urban amenities for rural areas) for addressing the basic needs of 750 million Indians living in rural areas, saying that India could not progress without addressing their needs. Politics Parliament filibuster: Congress' fury over TV 'blackout' completely misplaced The Congress' anger over Lok Sabha TV's alleged "blackout" of their protests in Parliament may be out of place, considering the guidelines for television coverage of Parliamentary proceedings were drafted when the Congress-led UPA was in power at the Centre Politics Modi govt okays changes to anti-hijacking law, introduces harsher punishment The government on Wednesday approved amendments to anti-hijacking law that provides for death penalty even if ground handling staff and airport personnel are killed during such acts, besides broadening the definition of hijacking, official sources said. Politics Six green law amendments to be finalised by October: Prakash Javadekar Sports India captain Virat Kohli fails to impress as India 'A' bowled out for 135 on Day 1 Australia 'A' end Day 1 of 2nd unofficial Test on 43/0 after bowling out India 'A' for 135 in just 68.5 overs. Sports Ashes 2015: James Anderson swings it England's way on Day 1 in Edgbaston England bounced back from the heavy defeat in the Lord's Test as they bowled out Australia for a paltry 136 in 1st innings on 3rd Test. Sports I have not been given enough chances: Raina Suresh Raina has said he wants to establish himself as Test batsman, the only format in which he has not nailed down a spot in India's batting order Sports How Scott Boras Became The World's Most Powerful Sports Agent Scott Boras is the lone agent taking on much bigger rivals and beating them. Entertainment 'Southpaw' actor Jake Gyllenhaal cancels India plans Jake Gyllenhaal was keen on paying a visit to India for the release of 'Southpaw'. Entertainment Conan O'Brien sued for allegedly stealing jokes from Twitter Conan O'Brien is facing plagiarism lawsuit after a Twitter user claimed the TV host has ripped off his jokes from the micro-blogging site. Entertainment 'Steve Jobs' to screen at New York Film Festival "Steve Jobs" will be screened at the New York Film Festival on October 3 as the fest's Centerpiece selection. Entertainment Never felt the need to be in rat race: Tabu Tabu said she has a unique "temperament" which does not allow her to follow others. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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