Zolo, an on-demand talent marketplace, has raised an undisclosed amount of seed funding from Switzerland-based software company Hitouch.
"Hitouch AG sees an amazing opportunity of funding in India and specially the upcoming services sector. The CEO, Oliver Westphal, believes that Zolo can be the next revolutionary company in the sharing economy and thus makes its first investment," Zolo said in a statement today.
With the funding, Zolo intends to expand to other cities after establishing its base in Delhi-NCR, it said. Zolo is a commission-based model making around 10-20 per cent from vendors on each sale they make through the platform.
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ABB to light up 190 schools in West Bengal with solar power * ABB India will play a key role in West Bengal government's initiative for state-wide solar electrification of schools as it is providing string inverters for rooftop solars.
ABB India supplies string inverters of various capacities that support the installation of rooftop solar photovoltaic (PV) systems with Kolkata based Sunshine Power Products across government schools in the state, it said in a release.
String inverters have already been supplied and installed at 40 schools as part of this project in Midnapore, Bankura, Kolkata and a few other districts, it said, adding the company has also been awarded a contract to supply inverters for an additional 150 schools recently.
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AkzoNobel to set up USD 9 mn powder coatings plant in Mumbai * Paint major AkzoNobel has broken ground of its USD 9 million powder coatings plant in Mumbai.
The new plant, which is an important part of its organic growth plans, will increase the company's production capacity in the region. It will complement AkzoNobel's existing plant in Bengaluru, which is focused on supplying the south and east of the country.
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Mirae Asset appoints Jajoo as head of fixed income biz * Mirae Asset Global Investments has appointed Mahendra Jajoo as head of fixed income business.
Jajoo's previous stint has been with leading asset management companies like Pramerica, Tata and ABN AMRO, where he has been spearheading the fixed income business.
"We believe this (appointment) is an important step in strengthening our fixed income investment team and in line with our strategy to increase the share of fixed income in our overall AUM mix," Mirae Asset Global Investments (India) Pvt Ltd CEO Swarup Mohanty said in a statement.
British Airways offers special fares for premium customers
* British Airways today said it would be offering all inclusive fares for Club World Flyers starting from Rs 1,26,135.
"With all-inclusive fares starting at just Rs 1,26,135, the airline is giving its discerning Indian customers the choice to travel to US, Canada and Europe till December 31, 2016 and till January 31, 2017 in the UK," the airline said in a release.
The offer would be for the premium customers from India with a unique offer to travel in luxury with the British Airways Club World, it added.
Further, airline said customers travelling to London can avail a special offer along with their flight bookings and get four-night stay at the Hilton London Kensington Hotel for Rs 1,51,119.
Similar offers are available for passengers travelling Europe, USA and Canada, it added.
Currently, British Airways operates 49 flights a week from New Delhi, Mumbai, Chennai, Bengaluru and Hyderabad.
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Nestle India launches campaign to market wafer brand Munch * Nestle India today said it has launched a new advertising and marketing campaign for its wafer brand Munch.
Munch has undergone a product renovation in recipe and process. To mark this renovation a new brand campaign has been launched, Nestle India said in a statement.
The advertisement features the musical trio of Shankar, Ehsaan and Loy, it said.
