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News on Medial
Ashwin Dani, co-founder Asian Paints, passes away at 79
Livemint
·
1y ago
Medial
Ashwin Dani, the Co-founder and Non-executive Director of Asian Paints, passed away at the age of 79. Under his leadership, Asian Paints expanded its operations globally and became one of the leading paint companies worldwide. Dani was known for introducing a computerized color mixing program in India. He joined Asian Paints in 1968 and served as the vice-chairman and managing director from 1998 to 2009. Apart from his business achievements, Dani was a yoga practitioner and had an interest in collecting art. The family's net worth is estimated at ₹68,000 crore.
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Dani-sponsored Asiana gets dream mark-to-market upside as portfolio firm gets $700 mn tag
VCCircle
·
7m ago
Medial
Asiana Alternative Investment Fund, sponsored by Jalaj Dani, has seen a significant mark-to-market gain for its portfolio company. A new private equity investor has joined the company, resulting in an unrealized gain of almost 3.5 times for Asiana. The fund is managed by Ambit Wealth Management and Jalaj Dani is one of the promoters of Asian Paints Ltd.
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Ecom Express founder T A Krishnan passes away
Economic Times
·
1y ago
Medial
T.A. Krishnan, co-founder of Ecom Express, an e-commerce-focused delivery startup, has passed away. Krishnan co-founded the company in 2012 and played various leadership roles, including CEO and COO. He stepped back from daily operations due to illness and passed away, leaving a significant mark on India's logistics and e-commerce industry. All four co-founders have stepped down from CXO roles, with Ajay Chitkara taking over as the new CEO. Ecom Express serves over 27,000 pin codes in India.
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Pepperfry CEO Ambareesh Murty passes away due to cardiac arrest in Leh
Twitter
·
2y ago
Medial
Ambareesh Murty, the Co-founder and CEO of Pepperfry, has sadly passed away due to a heart attack while in Leh. Ashish Shah, the company's Co-founder, expressed deep sorrow over the loss of his friend and mentor, urging prayers for strength for Murty's family and loved ones during this difficult time.
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Good Capital co-founder Rohan Malhotra passes away
VCCircle
·
10m ago
Medial
- Rohan Malhotra, co-founder of venture capital firm Good Capital, passed away on October 1 at the age of 36. - He co-founded Good Capital with his brother Arjun Malhotra in 2019 to invest in seed-stage startups. - Prior to starting Good Capital, Rohan and Arjun launched startup incubator Investopad in 2014. - Rohan was involved in various roles in the financial and venture capital industry before his entrepreneurial ventures. - Good Capital's portfolio includes investments in startups like Meesho, Lead School, and SimSim.
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Asian Paints block deal: Reliance Industries affiliate sells 85 lakh shares worth Rs 1,876 crore
Economic Times
·
1m ago
Medial
Reliance Industries sold 85 lakh shares of Asian Paints, worth Rs 1,876 crore, through affiliate Siddhant Commercials to ICICI Prudential Mutual Fund. The shares were priced at Rs 2,207 each, while Asian Paints’ stock closed higher at Rs 2,243.65. This follows a recent deal where Reliance offloaded a 3.6% stake to SBI Mutual Fund. Asian Paints has seen a 20% decline over the past year, with a poor earnings report due to weak urban demand.
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Epigamia co-founder Rohan Mirchandani passes away
YourStory
·
7m ago
Medial
Rohan Mirchandani, Co-founder of Epigamia, a yoghurt brand, has passed away due to cardiac arrest. The daily operations of Epigamia will now be managed by Ankur Goel and Uday Thakker, with support from the board of directors. The company is determined to continue Rohan's dream and uphold his vision and values. Epigamia was founded in 2013 and has since become a renowned Greek yoghurt brand.
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Chartist Talks: Sudeep Shah of SBI Securities explains why he is bullish on Narayana Hrudayalaya, Asian Paints
Money Control
·
11m ago
Medial
Sudeep Shah, Head of Technical and Derivative Research at SBI Securities, predicts that the Nifty 50 will find support at the 24,500-24,400 level and resistance at 25,050-25,100. He recommends buying Narayana Hrudayalay and Asian Paints stocks based on technical indicators and bullish patterns. Shah also suggests initiating a Bear Spread in the Nifty by buying a 24,800 Put and selling a 24,600 Put. He believes that ICICI Bank may test its August low and shares his top two stock picks for the next week: Narayana Hrudayalay and Asian Paints.
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Flaer raises $2.5 Mn to supply home interior materials
Inc42
·
1y ago
Medial
Indian startup Flaer has secured $2.5 million in a pre-seed funding round led by Singularity Ventures and the family office of Asian Paints' vice chairman, Manish Choksi. The funding will be used to drive consumer behavior and establish a go-to-market strategy for the B2B2C home interior supply platform. Flaer was founded by Vikas Dosala, the co-founder of food delivery startup Fraazo, and aims to become operational within the next three months. The company plans to start with wood and laminates and expand into other categories in the future.
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Yogurt brand Epigamia's co-founder Rohan Mirchandani passes away at 42 due to cardiac arrest
Business Today
·
7m ago
Medial
Rohan Mirchandani, co-founder of Epigamia, passed away at 42 due to cardiac arrest on December 21, 2024. A graduate of NYU Stern and Wharton, he founded Drums Food International in 2013, transforming it from Hoki Poki ice cream to Epigamia, a leading Greek yogurt brand in India with over 20,000 retail points. Epigamia’s leadership, led by Ankur Goel and Uday Thakker, will continue managing the company with support from its board and investors. Known for his innovative spirit, Mirchandani aimed to scale revenues to ₹250 crore by FY25 and expand to the Middle East. His passing follows other recent losses in India’s startup ecosystem, leaving a legacy as a visionary leader in FMCG innovation.
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Adobe's co-founder John Warnock dies at 82
Livemint
·
1y ago
Medial
John Warnock, Adobe co-founder, passed away at 82. A technology visionary, he co-founded Adobe in 1982, contributing to revolutionary desktop publishing with Adobe PostScript. He received awards including the National Medal of Technology and Innovation, leaving a lasting impact on the industry. His collaboration with Charles Geschke pioneered creativity and innovation.
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