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Jeff Bezos is now the richest man in the history of the world; Grofers makes FMCG foray

Team YS
18th Jul 2018
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In an effort to bring 100 million new customers online and generating Rs 2500 crore in revenue this fiscal, Delhi-based online grocery marketplace Grofers announced its foray into the FMCG segment with the launch of seven new brands under two categories – Budget and Popular G-Brands. It has also launched its app and website in Hindi. The Popular G-Brands category offers brands including ‘G Mother’s Choice’, ‘G Happy Day’ and ‘G Happy Home’. The ‘Budget category’ has ‘HaveMore’ and ‘SaveMore’ brands which claim to offer entry-level quality products.

Albinder Dhindsa, Co-Founder and CEO, Grofers

Jeff Bezos became the richest man ever in the world as the Amazon Founder-CEO’s net worth touched $151 billion on the Bloomberg Billionaires Index on July 16, which coincided with Prime Day – Amazon’s headlining sales event across the globe. While Jeff Bezos has topped wealth rankings since late 2017, when he surpassed Microsoft Founder Bill Gates on individual fortune, the $150-billion figure is the highest in modern history, even when adjusted for inflation.

Amazon Founder Jeff Bezos' wealth has grown $52 billion in 2018

Online network for professionals, LinkedIn, has selected IT products provider Directi, ecommerce market leader Flipkart, and digital financial services company One 97 Communications which owns Paytm, as the top three companies in India. The report ‘India’s economy on LinkedIn in 2018’ has listed top 10 companies, which has placed Flipkart’s arch rival Amazon in fourth place and Google-parent Alphabet in seventh.


Human Resource Management is a burgeoning industry. While talent and performance management have always been critical tasks for HR professionals, the increasing availability of tech-enabled HR solutions has given HRM a new dimension. Organisations world over are using a variety of tools and software to recruit, monitor, train, analyse, and appraise talent, engage workforce more meaningfully, foster cross-team collaboration, increase transparency across departments.


Cloud-based hotel property management system solution provider Hotelogix has tied up with the Institute of Hotel Management (IHM), Mumbai to train students. Hotelogix had recently raised $5 million in a funding round led by Vertex Ventures, and the round saw the participation of Accel Partners and Saama Capital. Co-Founder Prabhash Bhatnagar said that with shifting technology trends, it has become imperative for the institute to train their students on cloud-based PMS.


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