Written By: Devangshu Dutta The Netherlands is the second largest exporter of agricultural and food products in the world. The processed food sector has grown about 35 per cent over the last 10 years, with investments in research growing 75 per cent. The sectorโs share in total production value is 21 per cent making it largest industrial sector in the Netherlands. In spite of this, the share of Dutch processed food products in total imports in this sector India is limited. Keeping the immense growth potential of the Indian market in mind, the Embassy of the Netherlands commissioned a study…
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Manu Balachandran, Madhura Karnik, Quartz India Mumbai, 20 March 2015 On March 18, one of India’s most celebrated startups received a huge blow. Alibaba Group Holding, promoted by Jack Ma, China’s third-richest man, backed off from buying a stake in Snapdeal, one of India’s largest online marketplaces. This would have been the Chinese e-commerce giant’s first direct investment in India. The deal stalled after Snapdeal apparently sought a valuation of between $6 billion and $7 billion (Rs37,500 crore-Rs43,800 crore) while Alibaba was looking at valuing the company at under $5 billion (Rs31,200 crore). The breakdown in negotiations has raised questions…
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Deepti Chaudhary, Shravan Bhat, Debojyoti Ghosh, Sohini Mitter, Forbes India Mumbai, 17 March 2015 BookMyShow Funds raised: Rs 300 crore What does it do: BookMyShow is Indiaโs biggest online movies and events ticketing company and occupies 85 to 90 percent of the online entertainment-ticketing market; 70 percent of its sales comes from movie tickets and the remaining from sports, plays and live events. At present, sports accounts for almost 20 percent of its revenues and is seen as a future growth area. BookMyShow reaches about 800 to 900 cinemas in 200 cities and towns. About 60 percent of its transactions…
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Deepti Chaudhary, Shravan Bhat, Debojyoti Ghosh, Sohini Mitter, Forbes India Mumbai, 16 March 2015 When Mithun Sacheti received a LinkedIn request from Tiger Global in the first half of 2011, he didn’t even blink. It was probably one of the many that came in every day, he thought. Turns out, the chief executive and founder of CaratLane, India’s largest online jewellery store, had never heard of the international investment firm. (To be fair, Tiger Global does not have a website even today.) A few days later, Sacheti learnt about Tiger Global’s credentials as an investment firm known for backing fast-growing…
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Saran Poovanna, The New Indian Express Bengaluru, 6 March 2015 The turbocharged e-commerce in India may be staring at its second round of consolidation with heightened Mergers & Acquisition (M&A) activity in this space. According to experts, the trend of M&A is set to grow by leaps and bounds. “Any acquisition or merger will continue to remain good for the ecosystem if it creates significant value. Together, with distinct focus segments on supply and demand, we can continue to grow the market faster,” Anand Subramanian, Director, Marketing Communications at Ola Cabs told Express. Ola acquired TaxiForSure for over $200 million…
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