Premji Invest

iD Fresh Food, one of India’s largest fresh food brands, has announced the launch of three unique blends of first-of-its-kind Instant Filter Coffee Liquid. A treat for true connoisseurs, iD Instant Filter Coffee Liquid has been steadily disrupting the non-alcoholic...

Blackstone and Future Lifestyle Fashions Limited announced that funds managed by Blackstone have invested Rs 1,750 crore (including by way of debentures) in Ryka Commercial Ventures Pvt Ltd, the holding company of FLFL, and FLFL. With this transaction, Blackstone...

Future Lifestyle Fashions announced that L Catterton Asia, the Asian unit of the largest and most global consumer focused private equity firm in the world, will make a significant investment in Future Lifestyle Fashions. L Catterton Asia will acquire an...

Online eyewear firm Lenskart said it has invested US $1 million in Ditto to pick up a minority stake in the US-based start-up. Lenskart already uses Ditto's 3D try-on services on its website and app. Further integration will help Lenskart enhance...

Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally. The minister's comments came a day after major layoffs were announced by...

E-commerce major Snapdeal on Wednesday reported that its founders have agreed to take a 100 per cent pay cut, even as the firm initiated a process to rationalise a part of its workforce to make the company profitable in...

Leading online eyewear firm Lenskart is eyeing major expansion in tier I and II cities across the country and setting up 20 brick-and-mortar stores per month to strengthen itself in such markets. Lenskart, which gets a significant portion of its revenues from offline...

Eye-wear e-tailer Lenskart has raised an undisclosed amount from Wipro’s family office Premji Invest. The transaction comes three months after it got Rs 400 crore, in a round led by International Finance Corp, the private sector investment arm of...

Online marketplace major Snapdeal has acquired Silicon Valley-based startup Reduce Data, a programmatic display advertising platform, to strengthen its discovery platform. While the financial terms of the acquisition were not disclosed, the Reduce Data team will join Snapdeal, in the...

Flipkart, India's largest online retailer has raised $210 million in a fresh round of funding from a group of four investors led by internet-focused investment group DST Global as declared in a statement released by the company. According to media...