Month: September 2023

Investors pounce on India’s pet care industry with $77 million in investments

L Catterton, a global player in pet food investments, has ventured into the Indian pet food market with a record-breaking $60 million investment in Drools. (Representative Image: Karlo Tottoc via Unsplash)

As people increasingly invest in pet care products and services, the appetite among investors for this burgeoning sector is also on the rise. Between 2021 and 2022, the industry attracted investments totaling $77 million, as reported by Venture Intelligence.

Industry groups and consumer orgs raise concerns over TRAI’s OTT regulation proposal

One of the concerns cited by these organisations is that OTT service providers are already regulated under the IT Act 2000 which will be replaced by the upcoming Digital India Act (DIA). Therefore, such consultations should form part of Digital India Act and any other additional consultations by regulators like TRAI will also lead to overlap of regulatory structure. (Image by Jessica Tan via Unsplash)

Eleven consumer groups have said that the proposal on selective banning would lead to overregulation and regulatory uncertainty.

Pepperfry elevates Ashish Shah as chief executive officer

Ashish Shah's appointment follows the untimely demise of Ambareesh Murty, Pepperfry's co-founder and former CEO. Under Murty’s leadership, Pepperfry ushered in a transformative era in Indian furniture and home goods online shopping marketplace.

Ashish Shah, who co-founded Pepperfry alongwith late Ambareesh Murty, was the COO of the company.

Global 5G subs close to 1.3 billion in Q2 2023: Ericsson Mobility report

Driving this growth is the surge in broadband Except Haryana, Kerala, J & K and Kolkata, all other service areas have showed growth in their wireless subscribers during the month of February-24. (Representative Image: David Arrowsmith via Unsplash)

As per the Ericcson Mobility report, India accounted for the most net addition of mobile subscriptions with seven million during Q2, followed by China (five million) and the US (three million).

Pilgrim strengthens leadership team; appoints Anirudh Likhite and Nilesh Kambli

Anirudh Likhite, ex-Nykaa and LOreal, brings over 13 years of hands-on experience in building supply chain teams, networks, and strategic processes. Nilesh Kambli, a seasoned professional with over 11 years of experience. (From left to right: Anirudh Likhite and Nilesh Kambli)

In their new role, Anirudh Likhite and Nilesh Kambli will play an important part in delivering easy product accessibility, superior experience and quality across both digital and physical touchpoints.