IKEA appoints Peter Betzel as India CEO; Mumbai emerges B2B startup hub in India


Swedish home furnishings company IKEA announced the appointment of Peter Betzel as the new CEO for its India business. He will succeed outgoing India CEO Juvencio Maeztu, who has been moved to a global role as the CFO and Deputy CEO, IKEA Group, the company said in a statement.

Rahul Agarwal completes three years as CEO and MD of Lenovo India this year. During his tenure, the company has seen success in the competitive market. In a candid conversation with YourStory, Rahul opens up about some of his tough decisions, challenges, success, inspiration, and what it takes to stay sane amid the craziness.

Rahul Agarwal, Lenovo

To celebrate the favourite mustachioed plumber-turned-racer, Google has collaborated with the team at Nintendo to let Mario accompany you on all of your driving adventures on Google Maps from Mario Day.

Bengaluru-based cab aggregator Ola is making a deeper push into Australia. After launching in Perth last month, Ola is aiming to break the Sydney market. The unicorn cab aggregator began operations in Sydney, and has also hired a local team to build partnerships and support local driver-partners.

Ola Co-Founders Ankit Bhati and Bhavish Aggarwal

Rob Salvagno has spent 18 years in Cisco and leads the Corporate Development team and is responsible for driving Cisco’s M&A and Corporate Venture Capital activity. According to him, India has finally achieved maturity to build B2B businesses that could go global and that commitment to India, through its fund, is going to increase.

Rob Salvagno, Cisco

Over the last 12 to 18 months, a lot of activity has taken place in the Mumbai startup ecosystem. There have been a good number of deals, significant funds have flown in, accelerators and incubators have stepped up their programmes and initiatives, and large clients have moved from conducting trials to forging proper collaborations with startups.

Now get the Daily Capsule in your inbox. Subscribe to our newsletter today! 


Updates from around the world