WoodenStreet to carry out 200 recruitments by the end of 2020 after USD 3 Mn funding

After a USD 3 Million investment in Q2 of FY21, Jaipur-based customfurniture brand WoodenStreet has racked up its expansion game that entailsmultiple store openings, followed by 200 fresh recruitments in its firsthiring phase before the end of FY21. Despite the pandemic, the companycompleted its round of salary hikes and launched two new experience storeswithin Kolkata and Kochi, continuing its domestic brick-and-mortarexpansion. “At least 10 more stores are in the planning-phase, and we plan to hireabout 200 new personnel to meet the demands of our expansion management andsales”, said Lokendra Ranawat,…

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FreshToHome raises $121M – the largest ever Series C funding in India in Consumer Tech space

October 27th, 2020: FreshToHome, the world’s largest fully integrated online brand in fresh fish and meat e-commerce raised $121M in Series C funding led by Investment Corporation of Dubai (ICD) – the principal investment arm of the Government of Dubai, Investcorp – a leading global manager of alternative investments, Ascent Capital – a leading India-focused growth capital provider,  U.S. Government’s development finance institution – DFC, the Allana Group and other investors. Iron Pillar, the lead investor from Series B participated in this round with a significant investment of $19M. Barclays was an advisor for…

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WoodenStreet spends USD 1 Million for brick-and-mortar expansion in Kolkata

With USD 1 Million in investments, custom furniture startup WoodenStreet is expanding into the markets of West Bengal by opening two new Experience Stores in the city of Kolkata – beginning with the launch of the first-ever store in the high-end residential area of Salt Lake. This will later be followed by another store in the next 6 months. This newly-launched store has a carpet area of around 5,000 sqft, and is a one-stop shop for furniture, furnishings and décor accessories. Furthermore, the company plans to take its expansion further…

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Upscale.Work Is Revolutionizing India’s Work Landscape

Launched in June 2020 by a team of three co-founders and directors, Paritosh Srivastava, Captain Ritu Dubey and Shaurya Srivastava; Upscale.Work is an initiative of three professionals, who come with diverse experiences in leadership roles at India’s top incubators, accelerators, government and venture capital (VC) funds. The brand was born when two professionals and an entrepreneur, who spent their professional lives in Tier-1 cities of Mumbai, NCR and Guangzhou (China), returned to their hometown, Lucknow only to realise that the professional landscape and the startup ecosystem in UP was in…

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Opportunities for Startups in Uttar Pradesh

Aditi Srivastava With an aim to boost entrepreneurship and increase employment generation in the state, Uttar Pradesh government has recently updated Uttar Pradesh Startup Policy . The startup policy aims to setup and support 100 incubators, at least one in each district and create an ecosystem for at least 10,000 startups in the state. The new startup policy is sector agnostic and would help become the youth from mere job seekers to empowered job providers. The Yogi Adityanath government aspires to put Uttar Pradesh among top three states on the…

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How Millennial Worx Is Inspiring Lucknow’s Startup Ecosystem

Aditi Srivastava Offering a professional business setup to network and collaborate with like-minded people belonging to the same industry in an upbeat work environment, coworking spaces have been around for a while. The presence of Millennial Worx, a coworking brand conveniently located in the heart of the city of Lucknow, which is well-connected, offering the best of office amenities is a case in point. Fostering community and coworking culture, it has tie-ups in other cities too; working towards building the entrepreneurial ecosystem around and promoting ideas and creativity at work…

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