ASIAN PAINTS: NEW LAUNCH
Asian Paints has launched the Royale Luxury Silk Emulsion, which is the first interior paint equipped with TeflonTM surface protector.The new paint is a patented product of the multinational DuPont, and will give users state-of-the-art technology to protect walls from stains and ensure a durable silky glow.
The paint is also environment-friendly, thanks to its anti-fungal properties as well as its low composition of volatile organic compounds, according to the statement.
“We are committed to offering technically-superior and environment-friendly products and services to our consumers,” Soumitra Roy, head of sales and marketing for Asian Paints Bangladesh, said at the launch of the product.
Asian Paints, one of the largest global paint companies, began operations in Bangladesh in 2002.
SEQUOIA INVESTS IN CRAFTSVILLA
Venture investor Sequoia Capital is leading a Rs 110-crore financing round in Craftsvilla, an Etsy-like marketplace for ethnic products, to help it scale up and expand into markets outside of India. Sequoia is joined in the second round of fund-raise by Global Founders Capital, aVC fund founded by Rocket Internet’s Samwer brothers, and existing investors Nexus Venture Partners and Lightspeed Venture Partners.Sequoia also picked up stake in online furniture retailer Urban Ladder ramping up its e-commerce portfolio.
Craftsvilla, which has 12,000 merchants selling 2 million products on its platform, claims to have reached the break-even mark and may clock profits soon in a sector which is plagued by mounting cash burn on account of heavy discounting.
FENSTERBAU/FRONTALE INDIA 2015
The 5th edition of fensterbau/frontale india was successfully concluded on 28 February in Bangalore. 71 exhibitors from more than 8 countries presented the latest products and innovations from the relevant sectors. The exhibition drew leading national and international companies: Architects, fabricators, developers, and specifiers converged at fensterbau/frontale india to discuss how aesthetics and design trends can be reconciled with energy-efficient building. The event attracted more than 5,000 visitors.