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Tuesday 17 April 2018

Giftease.com Unveils Its Independent Brand

Pune, Maharashtra, India

To break through the clutter and to cater to customers and their increasing demand of personalized, quirky & unique products, Giftease.com announced the launch of its independent brand- Urban Chakkar. With this launch, Giftease.com will now offer more variety of gifting solutions as Urban Chakkar will host a wide range of customized products for customers to choose from.


Through Urban Chakkar, Giftease.com addresses the unconventional and increasingly progressive youth who wish to differentiate themselves in a crowd. Further re-iterating their position of being a one-stop gifting destination in India that offers various type of gifting solutions for all occasions, Urban Chakkar will bring to its customers customized products like posters, mugs, etc. as well as unusual and quirky products that are bound to add a touch of humor and laughter to an otherwise mundane life.

The brands ideology that nothing has to be boring in life is reflected in Urban Chakkars product range. It takes a mundane and rather simple product and adds a twist to it, enhancing its appeal! The brand draws its inspiration from urban India and the exciting, surprising and adventurous experiences that follow. While being funny and innovative, these products aim to resonate with the maverick and unique personality of its customer.

Urban Chakkar is yet another feather in Gifteases hat! While products from Urban Chakkar will be available on the portal, Giftease will continue to curate handpicked and unique products in its existing product categories! Giftease endeavors to constantly improvise and innovate, thus giving the customer a great shopping experience while making the task of finding the perfect gift simpler!

Commenting on the occasion, Mr. Vivek Mathur, CEO, Giftease.com said, “Our efforts have always been to not only offer convenient and well-organized services but also to create an extraordinary experience for our customers. With no entry barriers and several players in the market, it is critical to differentiate ourselves. To keep up with the dynamic demands of the customer and the increasing popularity of personalized products, we, as a brand aim to give our customers exactly what theyre looking for, and with maximum convenience! Gauging the tastes, choices and preferences of the urban youth, Urban Chakkar curates quirky and exciting products as well as customized products. The launch of Urban Chakkar is a new step for Giftease, but all the same, we are rather confident that this independent brand will strike a chord with todays urban India

About the company

Giftease aims to be an online gifting specialist which makes giving gifts as delightful as receiving them. Based out of Pune, Giftease operates www.giftease.com, which offers handpicked choices across a wide range of categories including Home & lifestyle products, Toys & Games, Fashion accessories, Jewellery, gadgets, flowers, chocolates and more.

Giftease.com offers a unique gifting experience, through improved website usability for finding the perfect gift fast, fixed date delivery, choice of exquisite gift wrapping options, gift exchanges and more features are in the works, to make the experience fun and special. Giftease.com currently delivers to over 5000 locations across India, and this reach is continually being expanded.

Giftease was incorporated in Feb 2012 and the launch of the website was in May 2013.

Gifteases main promoter is Arun Nathani, a very successful technology entrepreneur, who is the founder-CEO of Cybage Software Pvt ltd.  The management team at Giftease comprises Vivek Mathur, CEO and Ashish Chandani, Co-founder & COO.

Monday 26 March 2018

Priyanka Chopra becomes the face of premium brand Heroine

Priyanka Chopra has been signed on as the face of Heroine, a premium brand from the house of Jinaam Dress Pvt Ltd. Speaking on the association, the actress said, It's important for today's generation to have access to the best in fashion. The brand promises to bring alive the Indian ethnic wear market with attractive collections that are in line with latest fashion trends.


Added Rahul Oswal (Founder, Jinaam Dress Pvt Ltd), Priyanka is a versatile personality, who has achieved both national and international fame. And she does it with great style, being recognised as a fashion icon not just in India, but across the world. She is a great fit for our brand. We've been manufacturing Indian ethnic clothing for over 12 years now and our fundamentals are clear — every thread needs to be designed keeping in mind both the physical and emotional needs of a woman.

This new fame-inspired fashion label will be available at select multi-brand outlets/large format stores across India. 

Tuesday 20 March 2018

Faasos redials investors after losing as much

Pune-headquartered Faasos Food Services Pvt. Ltd, a quick service restaurant chain and online food delivery platform, will receive fresh funding of around Rs 33 crore ($5 million) from existing investors, two people familiar with the development told VCCircle.


The participating investors will include Lightbox Ventures, Sequoia Capital India, RuNet South Asia and RB Investments, said the above-mentioned persons who wished to remain anonymous.

The same investors had put in $6.3 million last April.

Jaydeep Barman, co-founder of Faasos, told VCCircle in a text message: “This money, deal yet to be concluded, is part of a Series C tranche that was committed a year back when we raised Series C, based on meeting certain milestones. We have met those milestones.”

In December 2015, Faasos had raised a Series C round of $30 million from Russian investment firm RuNet. Sequoia Capital had led a $8 million Series A funding round in the firm in 2011.

In February 2015, the firm had raised $20 million in a funding round led by Lightbox Ventures.

Barman said the fresh funds will primarily be used to set up more delivery (cloud) kitchens in the 15 cities where it currently operates. Faasos currently has 150 such kitchens and Barman said the company plans to add another 100 this year.

A former McKinsey and Co executive, Barman had founded Faasos in 2004 with Kallol Banerjee. Both Barman and Kallol are engineers with MBAs from Indian Institute of Management (IIM) Lucknow and France-headquartered business school INSEAD, respectively.

Financial performance
The firm had narrowed its losses by 35% to 82 crore in 2016-17 from Rs 111 crore the previous fiscal, show filings with the Registrar of Companies (RoC).

Net sales rose to Rs 82.28 crore in the last financial year, up from Rs 62 crore in 2015-16.

Faasos’ comparable rivals in the food delivery space have also been making losses while increasing sales.

FreshMenu more than doubled its net sales in 2016-17 to Rs 70.9 crore from Rs 31.7 crore in 2015-16. Net loss widened to Rs 42.3 crore from Rs 33.8 crore, as total expenses increased to Rs 117 crore from Rs 67 crore.

Another peer, Mumbai-headquartered Poncho Hospitality Pvt. Ltd which offers an on-demand food delivery service under the brand Box8, reported revenues of Rs 51 crore in 2016-17, a significant increase from Rs 28 crore in the previous fiscal. Losses narrowed to Rs 12.4 crore from Rs 15.1 crore in 2015-16.

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