Lifestyle Brand Mayfair Raises $3.2 Mn In Seed Funding From Nexus Ventures And CDH Investments
The organization acquired funding from Nexus Venture Partners. CDH Investments Funds may be used to ramp up ops and amplify crew. Former Alibaba and Club Factory pros head Mayfair.
Mayfair, a brand new lifestyle and apparel e-commerce marketplace entrant, has received a $three.2 Mn funding from Nexus Venture Partners and CDH Investments, in keeping with an announcement with the company’s aid. Mayfair said that the round was its seed investment spherical and could be used to ramp up procurement and operations and expand the team. On its LinkedIn web page, the employer has defined itself as a fast-developing startup with finances raised from Baidu founders.
A software program engineer from Amity University, Noida. After graduation, she became part of a 14-month Communication for Social Exchange & Media Rights fellowship – ‘Ideosync Unesco India Fellow’ (IUI).
This order was surpassed in reaction to public interest litigation. The PIL alleged Amazon and Flipkart violated the Foreign Exchange Management Act. After the rollout of e-commerce FDI policies, Amazon and Walmart had lost $50 Bn in marketplace cap.
On Monday (March 18th), The Delhi High Court disposed of public hobby litigation (PIL), which has sought a probe into the alleged foreign direct funding (FDI) violations through the e-commerce giants Flipkart and Amazon. This PIL becomes filed by a non-authorities company (NGO) Telecom Watchdog. A two-decided bench of Chief Justice Rajendra Menon and Justice V Kameswar Rao handed the order after the Enforcement Directorate (ED) informed the court docket about its pending research on this issue. ED is a law enforcement and economic intelligence business enterprise beneath the Ministry of Finance. The organization is chargeable for enforcing financial laws and combating economic crime in India. As in step with the courtroom affidavit, the ED has registered a complaint and initiated a probe into violating the Foreign Exchange Management Act (FEMA), 1999, or every other rule using Amazon and Flipkart. The NGO Telecom Watchdog petition sought prison complaints in opposition to Amazon and Flipkart below the FEMA for violating existing FDI norms.
