Mumbai-based wealth management startup CashRich on Monday announced that it has raised additional equity capital of $1 million from three UK-based angel investors. The company said it will use the funds to further develop its technology platform as well as to automate important steps of investment management including asset allocation, portfolio diversification and rebalancing while personalising the experience for each user. CashRich helps users to manage money growth more confidently.
Scaling social innovation in India, the Sudha Murthy way
Sudha Murty is no stranger to struggle, hardships and challenges. And she has always come out on top of it all with an innate strength that you cannot miss when you meet her. She has a fire within her to help and light up lives. And it’s so visible when you look into her eyes. In a conversation with Shradha Sharma, Founder and CEO, YourStory, she talks about Aarohan Social Innovation Awards, one such effort from her to help innovators and social entrepreneurs who need support to make their dreams come true.
Recycled but chic: How Khaloom promotes ‘circular fashion’
In this week’s Monday Motivation, we present to you Khaloom Textiles India, a Bengaluru-based startup started by two fashion designers, which aims to promote the use of recycled textiles and reduce the amount of cotton that continues to end up in landfills. Additionally, it also aims to reduce the overall water footprint and pollution by the fast fashion industry by introducing discarded textiles back into mainstream fashion. At a time when many in the fashion industry are shunning products with adverse environmental and social impact, Khaloom knits together a viable case for circular fashion economy with recycled fabric.
Xiaomi became India’s largest selling smartphone brand with 27.3 percent market share
The Chinese smartphone maker swung back to a net profit in the third quarter boosted by robust sales in India and Europe. Xiaomi reported a net profit of 2.48 billion yuan ($357.23 million) for the quarter ending September as against a loss of 11 billion yuan in the same period last year, according to media reports. In India, Xiaomi achieved success with its budget Redmi phone series. It entered Europe in 2017 with launches in Russia and Spain and earlier this month, released its flagship Mi 8 Pro device in Britain.
Women entrepreneurs on the best advice they have received
When you’re an entrepreneur, every day is a different battle. Although every day is important, November 19 is a bit more so as it is the official Women’s Entrepreneurship Day. On this occasion, we reached out to some leading women entrepreneurs of India to ask what important piece entrepreneurial advice they have received. Here’s what we discovered.
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