Gemini Equipment and Rentals (GEAR) has announced that it has appointed Varun Chopra as Executive Chairman. In this role, Varun is responsible for the strategic direction & the overall business and P&L of GEAR India. He brings with him over 20 years of global experience in Strategic & Operational P&L delivery across Pharmaceuticals Consumer Healthcare…
FMCG distribution platform Dropshop has raised Rs 9.3 Cr in Inflection Point Ventures led pre-Series A funding round. The funding round also saw participation from existing investors The Chennai Angels and Axilor Ventures, along with 42.vc. The fresh funds raised by the platform will be used to strengthen the product and to scale up the…
FMCG startup AnKa SumMor has secured Rs 3 crore in pre-Series A round led by IPV – Inflection Point Ventures. The startup will utilize the fresh funds raised to expand its operations in Bangalore, as well as to develop and deploy its tech. Co-founder and CEO of AnKa SumMor – Ashok George, said, “We are…
India’s largest FMCG company Hindustan Unilever Limited (HUL), recently announced that it has successfully completed the merger of GlaxoSmithKline Consumer Healthcare Limited (GSKCH) with HUL. This merger was first announced in December 2018 and was subject to obtaining necessary approvals. It is being said that the acquisition is one of the largest deals in the…
The coronavirus pandemic has now spread its fears to India, the government and the private sector are both taking steps to make personal care, hygiene and sanitation products more affordable as they up the ante to combat the rapidly spreading coronavirus. The novel coronavirus which originated in the Chinese city of Wuhan has now transmitted…
Ola Foods, a food business division of the primarily ride-hailing focused company, has appointed Senior FMCG executive Rajeev Bakshi. Currently, Rajeev is an advisor on Strategy and Marketing, apart from serving on the board of a few companies.