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Winmagic bets big on healthcare, hospitality sectors

Press Trust of India  |  * New Delhi 

Data security solution provider WinMagic is betting big on verticals like healthcare and hospitality sectors in to cash in on the opportunities emerging from Digital initiative.

The company, which gets about five per cent of its revenues from India, gets a majority of its business in from verticals like banking, financial services and insurance, manufacturing, telecom and IT/IT-enabled services.

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appoints Ashish Nanda as CFO * today said it has appointed Ashish Nanda as its Chief Financial Officer.

"The Board of Directors have appointed Ashish Nanda as the Chief Financial Officer of the Company, a Whole Time Key Managerial Personnel of the Company in terms of Section 203 of the Companies Act, 2013 read with relevant Rules," it said in a filing to the


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IndianRoots launches exclusive FabIndia collection * Ethnic Retail, which operates group's e-commerce venture IndianRoots.Com, today said it has partnered Fabindia to showcase the latter's product range to the international audience.

With a steady flow of traffic from over 150 countries, IndianRoots is a logical choice of partner to help Fabindia to reach its potential customer base abroad, a statement said.

"The association acts as a bridge between Fabindia and its international clientele. It will drive FabIndia's brand presence amongst non-Indian communities," Ethnic Retail Executive Director Shyatto Raha said.

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Hugefly raises angel funding

* Pune-based startup Hugefly Technologies, an eCommerce personalisation and recommendation platform, today said it has raised an undisclosed sum in funding.

The angel funding has been received from Mayank Singhal (Associate Director at Temasek Holdings), Mohit Gulati (co-founder, Oliphans Capital) and Raj Iyer (CEO and CMD, icustommadeit.Com).

Set up in January this year by Dhruv Chaudhari and Amit Chaudhari, Hugefly offers solutions to eCommerce companies to help reduce search time on the platform, offer relevant and personalised search results across users and create targetted and customised recommendations on real-time basis.

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Metro Cash & Carry to open second wholesale outlet in Delhi * German retailer Metro Cash & Carry today announced to open its second wholesale outlet in Delhi, taking its total count to 19 in India.

Slated to open in mid-October 2015, Metro's new wholesale centre will be at Seelampur in East Delhi.

Commenting on the development METRO Cash & Carry India Managing Director Rajeev Bakshi said:" Our professional customers in this city ensured the resounding success of our first outlet in Delhi, and we are set to build further on their trust by providing them with the highest quality products and services at the best possible prices.

First Published: Tue, September 29 2015. 21:28 IST
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