AYYAPPAN
FirstClub raises $55 million from Peak XV, Sofina; valuation doubles to $255 million
Quality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, valuing the company at $255 million. The capital will fuel expansion into new cities, enhance supply chain and technology, and broaden product categories.
Qcommerce platform FirstClub launches service in Bengaluru, plans to enter more cities in coming months
The company, which was launched last June, claims over two lakh customers have shopped on the platform in eight months of operations. Founder and chief executive Ayyappan R told ET that FirstClub plans to enter more cities in the coming months and launch new categories.
Former Flipkart exec’s quick comm startup FirstClub raises $23 million; valuation jumps to $120 million
The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.
The Script Room appoints K Ramakrishnan as an Independent Director
The Script Room, an independent creative agency, welcomes K Ramakrishnan, managing director at Kantar Worldpanel South Asia, as an independent director. With extensive experience in marketing and branding from companies like Lenovo and TVS Motor Company, Ramakrishnan will contribute to strategic decisions, offering market knowledge and leadership as The Script Room scales its creative business.
Former ICAR chief Subbanna Ayyappan found dead in Cauvery river
Subbanna Ayyappan, a Padma Shri awardee and former Director General of ICAR, has been found dead in the Cauvery river near Srirangapatna. His body was discovered after he was reported missing on May 7. Police found his two-wheeler near the riverbank and are investigating the cause of death, considering his history of meditating at a nearby ashram.
FirstClub of former Cleartrip CEO Ayyappan raises $8 million in round led by Accel, RTP Global
Former Cleartrip CEO Ayyappan R has secured $8 million in seed funding for his quick commerce startup, FirstClub. Backed by Accel and RTP Global, the platform will offer premium local and global fresh products on a subscription model, launching in Bengaluru by mid-2025. FirstClub aims to cater to a discerning customer base seeking high-quality products and convenient delivery.
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Former Cleartrip CEO taps VCs to roll out quick commerce venture
Ayyappan R, the former chief executive of Flipkart-owned Cleartrip, is set to launch a new quick commerce retail venture, which is in talks with venture capital firm Accel and RTP Global for a sizable seed funding, according to people aware of the discussions.
PM Modi's visit gives hope to Wayanad landslide survivor
Modi, who visited the landslides-hit areas met with select inmates in the relief camps and doctors and enquired about the condition of the patients. Ayyappan, who interacted with Modi, said that he explained everything to the Prime Minister.
Cleartrip CFO Aditya Agarwal steps down as top-level shakeup continues
Cleartrip's CFO Aditya Agarwal resigns amid Flipkart's senior management changes. Akshat Mishra to succeed him. Agarwal's key role in Cleartrip's integration into Flipkart highlighted. Former CEO Ayyappan R departing for consumer tech venture. Layoffs impacting 5-7% employees after Flipkart Group acquisition.
Flipkart CEO Kalyan Krishnamurthy confirms SVP exits in communication to staff
Flipkart CEO Kalyan Krishnamurthy told his staff in an internal communication that Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram are exiting the firm. ET first reported about this on Tuesday.
Will soon meet Sasikala, Dhinakaran to unite AIADMK: Panneerselvam
"All our thoughts and deeds are oriented towards ensuring a unified AIADMK. This is also the collective view of 1.5 crore party cadres," Panneerselvam told reporters at his residence here after Usilampatti legislator P Ayyappan met him and pledged support to Panneerselvam's faction in the tussle between the latter and another senior leader and former chief minister K Palaniswami.
Cleartrip to raise employee headcount by 40 pc in coming quarter; 700 strength by Dec
Commenting on the plans, Cleartrip CEO Ayyappan Rajagopal said, "Cleartrip has been witnessing steady recovery as customer confidence, slowly but surely, returns to pre-COVID-19 levels. At this juncture, it is the opportune time to scale up our business, which is understandably recovering slower than other sectors."
Myntra top brass exits - CFO and chief marketing officer put in papers
Prior to that Flipkart had moved Myntra’s business development head R Ayyappan to handle the business of Cleartrip, an online travel booking platform that Flipkart had acquired in April. Flipkart has appointed Sharon Pais, head of loyalty and travel at Flipkart, as the new business development head of Myntra replacing Ayyappan.
Flipkart appoints Myntra executive Ayyappan R as Cleartrip CEO in a big restructuring move
This is the first significant restructuring at Cleartrip being made by Flipkart after the web retailer acquired the travel portal in April this year aimed to diversify and strengthen its overall offerings.
Maharashtra co-op bank scam: FIR filed against Ajit Pawar, others
Other accused include Peasants and Workers Party (PWP) leader Jayant Patil and officials from the superseded bank's units in 34 districts in the state, an official said.
Flipkart launches buyback guarantee for Moto G5 Plus
Bengaluru-based Flipkart had introduced the online product exchange program in 2016, starting with televisions.
This marketing professional conducts awareness drive for devotees
U Rajasekaran has launched an online initiative to get the temple-goers to take a pledge that they will not leave behind any plastic.
HLL pays Rs 466 lakh dividend to Union government
LL Lifecare Limited (HLL) has paid Rs 466 lakh as dividend to the Union Government for the financial year 2014-15.
New Project Director for GSLV Mark III programme
G Ayyappan today took charge as the Project Director of the prestigious GSLV Mark III programme under development at the Vikram Sarabhai Space Centre.
Experts from 25 countries to attend health meet
Social marketing, the best way to make behavioural change, has been limited only to contraceptives in India, Ayyappan said.
'Farmers should register their innovative agri-tech with ICAR'
Technologies developed by the farmers in one part of the country need to be shared with farmers in other parts as well.
HLL Biotech enters agreement Croatian institute
HLL Biotech has entered into a long-term supply and technology licence agreement with the Institute of Immunology, Zagreb, Croatia.
HLL to foray into trauma care segment
State-run Hindustan Lifecare Ltd (HLL) today said it is making a foray into trauma care segment with plans to manufacture a limb immobilisation device.
People, particularly youngsters, returning to agriculture: ICAR
A data being collected by Indian Council for Agricultural Research (ICAR) has revealed that people, particularly youngsters, are of late returning to agriculture, a top ICAR official said on Sunday.
One more complaint filed against Sun Pictures COO
Police slapped charges such as cheating and extortion and re-arrested Saxena and his aide Ayyappan, both already in prison in connection with another case, and two others including a relative of Saxena.
Discussion on alternatives of Endosulfan on: ICAR
Indian Council of Agricultural Research director general S Ayyappan today said the controversial Endosulfan pesticide had no "residual affects".
What's worse than a verse?
Poetry can be poison. It can kill people, particularly those who have a verse or two in their shot glass.
HLL Lifecare targets 44% topline growth
Public sector healthcare major HLL Lifecare based here, which had a 31% topline growth in 2007-08 for a turnover of Rs 318 crore, is expecting to beat that with a 44% growth in turnover this fiscal.
HLL Lifecare set to be major vaccine player
HLL Lifecare is poised to realize its largest-ever project – a 430-acre vaccine complex and medical park at Chengalpetu, near Chennai.
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