Pune: Tetra Pak, a leading food processing and packaging solutions company, is pleased to announce the appointment of Cassio Simoes as Managing Director of its South Asia Markets. Simoes will be taking over the role effective from June 1, 2023, succeeding Ashutosh Manohar, who will retire following an illustrious corporate career of over four decades, including a 20-year stint at Tetra Pak. Cassio brings with him a wealth of experience, having held various roles across different businesses at Tetra Pak over the past 20 years. Most recently, he was Managing Director of Tetra Pak Andina. With a strong track record…
Author: Rahul Mehra
Rahul Mehra
Rahul has been an integral part of the Hello Entrepreneurs magazine journey since its inception. As a key contributor, he has played a pivotal role in shaping HE into a premier business magazine known for its diverse and compelling content. Rahul's dedication and expertise have been instrumental in curating a wide range of subjects, ensuring that HE remains a go-to resource for entrepreneurs seeking valuable insights and inspiration. His unwavering commitment to excellence has helped establish HE as a trusted platform for thought-provoking articles, interviews, and features, significantly impacting the entrepreneurial community.
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New Delhi: Capillary Technologies, a leading provider of customer engagement and loyalty solutions through its software-as-a-solution (SaaS) products, has recently concluded its Series D funding round with an impressive $45 million. The funding round consisted of a mix of debt and equity and was led by prominent investment firms Avataar Ventures, Filter Capital, and Innoven Capital. Aneesh Reddy, the founder and managing director of Capillary, expressed his excitement about the recent funding, stating that it positions the company further to expand its presence in North America and Europe. Additionally, the funding will enable Capillary to pursue strategic acquisitions that align with…
New Delhi: Vedanta Resources, the parent company of Indian mining major Vedanta, has successfully reduced its gross debt to $6.4 billion by paying off all its maturing loans and bonds due in May and June. This significant reduction of $3.3 billion since the company’s deleveraging ambition announcement in March 2022 was confirmed in a stock exchange update. The London-headquartered Vedanta Resources aims to continue reducing its debt burden throughout the remainder of the fiscal year 2024, aiming to lower its gross debt to zero. The company expressed confidence in achieving this target, citing expectations of solid demand, particularly in India, and…
New Delhi: dWallet Labs, a cybersecurity platform, recently made a significant discovery regarding Tron, a popular cryptocurrency. According to reports, the research group found a zero-day vulnerability in Tron’s multisig accounts. This vulnerability allowed an attacker to exploit the multisignature mechanism, enabling them to sign transactions using only a single signature. dWallet Labs took to Twitter to announce the discovery, stating that their cybersecurity research team, known as “0d,” had identified the vulnerability. They emphasized that over $500 million worth of digital assets were at risk due to this flaw. However, they also assured users that the vulnerability had been…
New Delhi: Bollywood actress Shilpa Shetty Kundra has recently made an investment in the Mumbai-based startup Kisankonnect. Shilpa Shetty Kundra, known for her dedication to fitness and promoting a healthy body and mind, has invested an undisclosed amount in the company. She has been contributing to the startup by providing essential fitness elements, particularly focusing on “Fresh Food.” Kisankonnect, founded in 2020, stands out in the agricultural e-commerce industry due to its unique approach. The company operates through a vast network of 5,000 members and village-level collection centers, directly sourcing agricultural produce from farmers. By prioritizing convenience and quality, Kisankonnect…
New Delhi: The Open Network for Digital Commerce (ONDC) has recently revised its incentive scheme for network participants, aiming to reduce dependency on discounts for adoption. This move addresses concerns regarding ONDC’s ability to break the duopoly of Zomato and Swiggy. However, these reduced incentives have resulted in a significant decline in daily order values, which have dropped by approximately 64 percent to 9,000 from the peak. Various internet analysts have highlighted the unsustainability of the initial food delivery volumes on ONDC. Jefferies and Motilal Oswal Financial Services Ltd (MOFSL) previously stated that ONDC would not be able to disrupt…
Gurugram: Cosmofeed, India’s leading platform helping creators and micro-entrepreneurs monetize their offerings and services, said that it has processed earnings worth over INR 100 crore for more than 5,000 creators in FY 2023. Founded by Vivek Yadav and Vishnu Pathak in September 2021, Cosmofeed is an online platform that helps creators/micro-entrepreneurs/solo preneurs build communities, host events, and better monetize their offerings. In the financial year 2023, Cosmofeed empowered many such creators to earn for the first time on the Internet. Almost 30% of the creator base made their first earnings using the platform. “We’re excited to have contributed to the growth…
Bengaluru: OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, today announced the financial results for the Fourth Quarter and Full year FY23 ended March 31, 2023. Highlights: Challenges Arena: Revenue increased by 178% on a YoY basis and grew 22x over the last eight quarters Challenges Arena: 66 cumulative customer confirmations and 42 customers live as of Q4FY23 Challenges Arena: 17.56 Mn gross subscribers as of Q4FY23 Challenges Arena: The Net active base remained stable at 3.1 Mn at the end of Q4FY23 ONMO B2B: 19 Customers confirmed (4 live). Revenue grew 2x QoQ FY23 revenues at INR…
In 2015, Reshma Chhabria Kumar founded HIIH. It’s pronounced as H2H or HtoH and stands for “House to Home”. Whether bought or designed by an Interior Designer, Reshma believes a house is only complete when accessorized. It is a design-led, artisan-Crafted, accessories brand. The range of products reflects a sophisticated mix of Japanese aesthetics with Indian values, materials and intricacy. Reshma shares what draws her to find a niche as a designpreneur, “The love to create has always been there. The idea that something drawn on paper with a pen/pencil can be converted into a product with beauty and utility…
New Delhi: ISRO’s GSLV rocket successfully launched the navigation satellite NVS-01 from the Sriharikota spaceport on Monday. The primary objective of this mission is to enhance the continuity of the Navigation with Indian Constellation (NavIC) services. The GSLV, standing at a towering height of 51.7 meters, gracefully lifted off from the second launch pad at Sriharikota, which is situated approximately 130 km away from Chennai. The launch took place precisely at 10:42 am amidst clear skies. This launch of the second-generation navigation satellite series holds significant importance as it ensures the uninterrupted operation of NavIC services. NavIC is India’s regional…
