Impressed with the public response to its one-year-old Hyderabad store, Ikea has announced that it would soon increase its local sourcing of material from the present 20% to 50% in the coming years. The Swedish home furnishing giant with its 403 stores in 49 countries and an annual turnover of around 38.3 billion euros, will soon open its stores in Mumbai and Bangalore. Ikea CEO Peter Betzel, on the first anniversary of his Hyderabad store on 9 August said that the company would soon announce dates of launch of a store in Mumbai and Bangalore followed by many more Indian cities.

Publication : Sunday Guardian Live

Date : August 11, 2019

To say Startups are the in-thing is sort of repeating a cliche. The last decade or so startups booming or startups mushrooming (depends on which side you are) has been one of the hot topics- on and off the internet. At the last count, 7,200 Startups figured in India alone, according to the National Association of Software and Services Companies (NASSCOM)- the premier non-profit trade association of Indian IT and Business outsourcing industry. In a way, this culture which has ushered in teenage billionaires and tech wizards have rewritten the mosaic of business once for all. With this phenomenon surfaced the concept of startup funding- a relatively new mode of financing business enterprises.

Publication : Inc42

Date: August 11, 2019