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How Vineet Rai Has Made Microfinance Advisory Intellecap into a Rs 30 Crore Venture
Age at starting business: 30 years Company name: Intellecap Headquarters: Hyderabad Seed capital: Rs 1 lakh Source of money: Parents-in-law, personal savings Turnover after first year: Rs 12 lakh Turnover in 2010-11: Rs 30 crore In a country where advice is abundant and free, making a career out of it may seem like a risky proposition. Fortunately for me, the gamble paid of...
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- South Asia
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More Optimism Here Than in Developed World
New Delhi: David Calhoun, chief executive officer of leading global information and measurement company Nielsen Holdings NV, believes overseas clients could learn from the innovations of Indian marketers for bottom-of-the-pyramid consumers. The former vice-chairman of General Electric Co. (GE), who surprised many when he moved to Nielsen in 2006, was in India to attend a consumer summit organized by the research firm. Nielsen, owned by a group of private equity firms, including ...
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- South Asia
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Invest in Women
SANTA MONICA, Calif. (MarketWatch) - In the developing world, women have a critical stake in survival. And it turns out that investing in women is a good bet for a number of reasons. "We know that women are critical to economic growth and community stability," the organization Business for Social Responsibility says in a report, Investing in Women’s Economic Empowerment. "Research has also shown that women earning an income are more likely than men to invest in the education, nutrit...
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- South Asia
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Adidas to Launch $1 Shoe in India
BERLIN: Adidas, the German sportswear and equipment maker, is to launch a shoe costing one dollar a pair in India, boss Herbert Hainer said, despite the failure of a similar venture in Bangladesh. He told the Sunday newspaper Die Welt am Sonntag that unlike in Bangladesh mass production would be possible to supply the growing Indian market. "The shoe will be sold in villages through a dis...
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- South Asia
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HBL to Launch Branchless Banking
Islamabad-HBL has inked a Technology Support agreement with Sybase 365, the global leader in mobile messaging and mobile commerce services, and Abacus Consulting, a leading management and technology consultancy firm for the deployment of branchless banking services. Mr. Faiq Sadiq, Head-Payment Services and Mr. Mudassir Khan, Chief Information Officer from HBL, Mr. Mathew Talbot, Senior Vice President, mCommerce and Tarik Husain, Business Development Director, mCommerce from Sybase 365 and Mr...
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- South Asia
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Accel Partners Raises $155M for New India Venture Fund
Accel Partners, which has backed global Internet majors like Facebook and Groupon, has raised a new $155 million venture capital fund that will invest in seed and early-stage investments in India. Accel India III is nearly two-and-a-half times its predecessor, Accel India Venture Fund II, which raised $60 million three years ago. With the inception of the new fund, the assets under management of Accel India will reach $235 million across its three early-stage funds. "The fund has ...
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- South Asia
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PepsiCo Counters Inflation with Small Packs, Low Cost Items
NEW DELHI: With high inflation making consumers think twice before spending, food and beverages major PepsiCo is turning to measures like reducing pack sizes and introducing very low priced items in order to keep sales volume counter ticking in India. Despite hiking prices, the company is confident that steps like launching products specifically for bottom of pyramid consumers as well as for the premium-end segment will help it strike a balance between volumes and value. ...
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- South Asia
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Ujjivan?s Social Development Program Helps Underprivileged Children in Kolkata
Ujjivan Financial Services, Bangalore-based Microfinance Institution (MFI), set up a concrete water reservoir at Vidhya Bhanvan Primary School at Kasba, Kolkata. Also Ujjivan presented two water purifiers to the underprivileged students at "Children of Topsia" school, as part of its national Social Development Program. The 400 students of the primary school till now had been suffering without proper access to drinking water. The ’Children of Topsia’ school is run by a Span...
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- South Asia