Three top-level executives have decided to leave India's largest online retailer Flipkart even as new chief executive officer Kalyan Krishnamurthy is beginning to build his team, which comprises mostly company veterans. This comes just a day after a top level restructuring that took place in the Bengaluru-based company. E-tailer supply chain unit Ekart's head Saikiran Krishnamurthy, senior vice-president (product) Surojit Chatterjee and chief marketing officer Samardeep Subandh are leaving the company.
Senior journalist Barkha Dutt has resigned as Consulting Editor of NDTV. According to reports, she is likely to start her own venture. In an official statement issued, NDTV appreciated her long-time association with the channel and wished her all the best for her future. Dutt rose to prominence in journalism for her fearless coverage of Kargil war in 1999. She later became the face of NDTV’s programme We The People. She has won many national and international awards, including the Padma Shri, India’s fourth highest civilian honour.
Private Equity (PE) inflows into Indian real estate in calendar 2016 increased by 62 per cent to Rs 38,000 crore as compared with Rs 23,500 crore in 2015. Of the entire sum, Rs 13,500 crore was investment via pure equity while the rest was via different structures of debt. Even in terms of pure equity, 2016 saw an impressive increase of 29 per cent year-on-year (y-o-y), said Shobhit Agarwal, Managing Director–Capital Markets & International Director, JLL India. After the change in its regulatory framework, the country is now looking way more attractive to investors.
Nexus Venture Partners has led a Rs 26-crore round of funding in ZoloStays Property Solutions, which owns and operates managed accommodation platform Zolo. The series-A round also includes a venture debt component of Rs 4.5 crore, extended by venture debt firm InnoVen Capital. According to the documents filed by the company with the registrar of companies (RoC), Nexus has been allotted 4,153 series-A preference shares at a premium of Rs 48,300 with a second investor, Nestavera Investment Advisory Solutions, pumping in an additional Rs 1.67 crore.