Category — Retail

Sequoia Capital India to Acquire Faces Cosmetics

Venture capital firm Sequoia Capital India will acquire Faces Cosmetics Canada, an Ontario, Canada-based color cosmetics brand, as well as the Faces brand from Indivision India Partners. Faces has a product portfolio of over 350 color cosmetics and skin care products in India.

cosmetics

“The color cosmetics market is the fastest growing category in personal care and we see a huge opportunity for the Faces brand. The Sequoia team will work with the Faces management to make significant investments and deploy operational expertise to unlock the brand’s full potential, as well as expand its portfolio and reach,” said Abhay Pandey, managing director, Sequoia Capital India Advisors.

Live Mint reports that Sequoia India is an active investor in the Indian consumer space. Last year it invested in beer brand Bira 91, in Hector Beverages Pvt Ltd, which manufactures soft drinks and beverages under the Paper Boat brand, and in Ahmedabad-based Vini Cosmetics Pvt. Ltd, the maker of Fogg deodorants.

September 19, 2017   No Comments

Foxconn to Invest $5 Billion in India

Taiwan-based Foxconn, the world’s largest contract manufacturer for electronics, will invest up to $5 billion in India to make the country a parallel manufacturing hub to China for export to key markets across Europe and the U.S. In India, Foxconn is keen on investing in a display fab unit, Computer Numerical Control machines, a lithium-ion cell factory, and facilities for printed circuit boards.

An executive of the company said, “India is already high on our priority list, and we now plan to step up investments and business here by opening new factories and expanding the manufacturing footprint.” The expansion will create employment opportunities in the country , the official said, adding that the company is in serious talks with many state governments.

Foxconn Logo

Foxconn manufactures phones for companies such as InFocus, Oppo, Xiaomi, Nokia and Gionee from its existing facilities in India. The official said that Foxconn will look at “vertical integration” for its operations in India, reports the Economic Times.

August 31, 2017   No Comments

U.S. Fashion Designer Connects East with West

Ruby Bhandari‘s passion for designing began even as she was a teenager. Born in New York of Indian descent, the University of Texas, Austin graduate set up Silk Threads in northwest Dallas where she offers ready-to-wear or custom-designed dresses, custom bridal wear, Indian American styles, and fusion menswear.

Her creations are manufactured in a factory in New Delhi, where junior designers procure the fabric and get it dyed according to a customer’s specifications, and artisans start on the embroidery. On request, the company will send pictures of the order in progress, and if needed, at an extra cost, it also arranges to courier swatches of the embroidery that is being done on a specific apparel.

Ruby Bhandari in her factory at Delhi

Ruby Bhandari in her factory at Delhi

Bhandari has expanded her designs to include royal blue and silver items in honor of the Dallas Cowboys, and she just launched a collection of destination bridal wear, reports Dallas News.

August 29, 2017   No Comments

India’s Tata Launches Himalayan Mineral Water in U.S.

Kolkata-based Tata Global Beverages announced the launch of its premium natural mineral water brand ‘Himalayan’ in the U.S. market. Currently, Himalayan is marketed by subsidiary NourishCo, a joint venture between Tata Global Beverages and PepsiCo India, in Singapore and India.

The company said that its mineral water brand “will now enter the U.S. market in a phased manner, through an agreement signed by its subsidiary with Talking Rain Beverage Company, the maker of Sparkling Ice flavored sparkling waters, to distribute and market the brand.”

himalayan Sparkling Water

DNA reports that this his agreement will give Himalayan the benefit of Preston, Washington-based Talking Rain’s extensive go to market and execution capabilities in the U.S.

According to the company website, “The water is bottled at source from a pure and pristine underground moving stream aquifer, which is about 400 feet below the surface, located at the foothills of the Shivalik range in the Himalayas.”

 

August 19, 2017   No Comments

e-Bay India Merges with Flipkart

Online selling platform eBay India, and Bangalore, India-based e-commerce firm Flipkart Group formally concluded their merger process.

Flipkart will own and operate eBay, while the latter will function as an independent entity even as the two firms explore opportunities in cross-border trade. Customers from Flipkart and eBay will get access to both of the firm’s inventories. Additionally, the partnership will provide an opportunity for Flipkart’s sellers to expand their sales globally.

Flipkart Logo

VCCircle reports that eBay had an early-mover advantage in India, but was unable to capitalize on it and lost to younger rivals Flipkart, Snapdeal, and Amazon India.

August 16, 2017   No Comments