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Representative image Proptech startup PropShare has raised USD 47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes for investments on its platform. Bengaluru-based PropShare, which was founded in 2016, is a technology-driven real estate investment platform that enables investors to purchase commercial real estate assets. In an interview with PTI, co-founder and CEO Kunal Moktan said: "We have raised USD 47 million fund in our Series B round led by WestBridge Capital with participation from existing investors Pravega Ventures." Property Share Online Platform Pvt Ltd or PropShare has raised USD 52 million since inception. Moktan did not mention the valuation at which the company has raised funds. Asked about the utilisation of funds, he said: "We will double our headcount. We will strengthen our technological capabilities. We also intend to open offices overseas." PropShare … [Read more...] about Proptech startup PropShare raises $47 million from WestBridge Capital, others

Share to Twitter Share to Linkedin As the terrifying words and shocking photos showing fierce fires destroying thousands of acres of land flooded social media, it was hard to not feel helpless. The over 50 mph winds assisted the fire in covering so much ground in such a short time that people who thought they were out of harm’s way would quickly realize within the same hour that they needed to evacuate as soon as possible. The direction of the wind changed constantly making it impossible for anyone within Napa Valley and Sonoma County to know if they were truly safe, as fleeing one’s home had many downsides since temporarily living in a crowded community center seemed to be a torturous alternative, or much worse, one could accidentally drive into the heart of one of the fast and furious fires, trapped with no way out. Many living outside of northern California stayed glued to the internet to see if friends or colleagues in the wine industry were doing okay. … [Read more...] about Woman From India Leads As Winemaker At Beloved Napa Winery To Build A Better Tomorrow After Tragedy

Share to Twitter Share to Linkedin Eyewear mogul Leonardo del Vecchio—whose firm owns Ray-Ban, Sunglass Hut and more—died at age 87, with a fortune worth an estimated $25.5 billion and six children from three different relationships. The death of Italy’s second-richest man, Leonardo Del Vecchio , means that his estimated $25.5 billion fortune will now be divided among his heirs. The 87-year-old eyewear mogul leaves behind his second wife, Nicoletta Zampillo, and six children from three different relationships, ranging in age from 18 to 65. All seven are now likely to become billionaires, inheriting Del Vecchio’s Luxembourg-based holding company Delfin and its billions of dollars in assets. One of Italy’s most famous entrepreneurs with a rags-to-riches tale of success, the factory apprentice-turned-eyewear mogul lived in Monaco and held his vast fortune—including ownership of Sunglass Hut, Ray-Ban and Oakley—through Luxembourg-based Delfin. After a … [Read more...] about Here’s How Many Billions The Heirs Of Italy’s Second Richest Man–Who Died Monday–Stand To Inherit

- A + A HONG KONG (June 27): China's fourth-biggest developer may miss a local bond payment for its first time ever, pressuring an onshore credit market that has remained resilient amid a property debt crisis and record offshore defaults. Sunac Real Estate Group Co said in an exchange filing on Friday it likely would not be able to raise enough funds to make a 400 million yuan (US$60 million) payment due June 30 for a portion of the note principal along with related interest. The deadline is part of an instalment plan Sunac got approval for several months ago that extended full repayment of the four billion yuan security by 18 months. A separate note maturing next year fell 15% on Monday while some due in 2025 closed at record lows, according to data compiled by Bloomberg. China's US$12.3 trillion local bond market has so far held up relatively well despite a cash crunch in the property sector sparked by a government crackdown on excessive leverage and housing … [Read more...] about Chinese builder Sunac may miss local bond payment in a first

I really pity the people who are still holding their breath and waiting for life to get back to normal: that glorious day when we all triumphantly return to business as usual. I've been struggling for a simple way -- by example or analogy -- to break the ugly news to them that they're dreaming. And to demonstrate that, post-pandemic, for a variety of reasons we'll never again look at our lives, our careers, or the world in the same way. Not that that's exactly a terrible thing; nostalgia and tradition are very often just bad excuses to avoid change. We'll never progress by trying to live our lives looking backward. That's why the car's windshield is so much bigger than the rear-view mirror. So, I've settled on single symbol: the ratchet. Not the "full ratchet," which is a venture capital deal provision that protects early investors from later dilution, and something all founders dread. (And lovingly call rat s--t). I'm referring to a basic mechanical device that allows motion … [Read more...] about 4 Pandemic Changes That Will Change Your Business Forever

The pandemic’s shift to remote work could have long-lasting positive implications—if we get it right. advertisement advertisement We can already feel that we’re in a period of change, even if we can’t quite analyze it with the benefit of historic context yet. As Brian Chesky recognized in AirBnB’s going fully remote: “You can’t fight the future, we can’t try to hold on to 2019 any more than 1950. We have to move forward.” During the pandemic, the US went from only a 6% remote workforce to 22% . That is an astounding increase in a dramatically short time frame. The most remarkable byproduct of this transition is just how much employees came to embrace this new format for work. In a continuous year-long survey of US workers published by the Chicago Booth Review , 60% said working from home was better, substantially better, or hugely better than they expected; 26% said about the same; and under 15% said worse. Now that remote work is becoming … [Read more...] about Remote work shouldn’t be the antithesis of in-person work. Here’s how to do the format correctly

The Great Resignation has changed the balance of power for employers and employees in every industry. advertisement advertisement Of course it’s completely understandable that younger employees would take this opportunity to find jobs with the best financial returns. However, these same professionals should put their job searches in the context of their larger career road map. Once they’ve landed at a new company, how will they move forward to build a career they can be proud of? In the short term, jumping from company to company may prove to be the most lucrative. However, this approach may limit your potential over the long term. Over the course of my career, I’ve identified three key steps that are essential to building a successful career road map both in the context of my own experiences and in the careers of those I’ve interviewed and hired. While my professional career has focused on the people, processes, and technologies within the field … [Read more...] about 3 steps to build a solid career road map

A few months ago, I wrote about the importance of keeping your eyes open for opportunities to grow and expand your business by looking for adjacent areas in which to extend your product and service offerings. This basic concept, which I call sliding to the side , is an inside-out approach to growing your business. Another, equally valuable way to grow your company is an outside-in approach to improving how you are doing things, which I call lateral learning. Basically, instead of working to extend your areas of impact and influence beyond the virtual four walls of your business, here the idea is that you explore, examine, evaluate, and incorporate the best approaches and ideas you can find outside of your own shop. You're never going to have all the great ideas yourself or develop all the best solutions internally, so feel free to copy or steal the best practices from anyone and anyplace you can. (Just don't copy their mistakes.) One of the amazing things about lateral … [Read more...] about When to Steal From Other Founders

Share to Twitter Share to Linkedin A girl rides up an escalator at Aeropostale's flagship store in Times Square in New York, U.S. ... [+] Photographer: Ramin Talaie/Bloomberg At first blush, the news of Simon Property Group and General Growth Properties stepping in to save failing retailer Aéropostale from certain bankruptcy seems surprising – but a deeper look reveals, it’s anything but. The deal, a reported $243 million, between Simon, GGP and Authentic Brands Group (operators of Juicy Couture among others) was initially slated to keep all 229 Aéropostale stores open at the two landlord’s properties. However, it appears the two largest mall operators in the country were able to use their relationships and influence to convince other Aéropostale landlords to provide rent concessions for an additional 171 stores – bringing the tally of locations that will remain open to 400. Are Landlords Now in the Business of Retailing? The common … [Read more...] about Mall Owners Play Offense In Aéropostale Deal

Share to Twitter Share to Linkedin At the start of Avenue Montaigne, in the heart of Paris, stands the newly opened Henry Jacques Perfumes boutique. Though the family-owned French perfume house was launched in 1975, this is their first store in their home country. That’s because the location and building itself had to be perfect, with a rich history—no compromises or corner cutting, true to the heritage of Henry Jacques Perfumes . And flawless it is, with its Belle Époque exterior, and a private garden—a true rarity on Avenue Montaigne—with flowers that change with the season. “It was my dream to enter the store through a garden,” says Anne-Lise Cremona, CEO of Henry Jacques Perfumes. “I wanted a house, a place where clients can come and spend time, because luxury is time for yourself—it’s very rare. We started with the idea of having a boutique concept, like a home, to have a bit of mystery to treat the perfume the best we could, with no limits on the … [Read more...] about Henry Jacques Perfumes Carries On Old World French Perfumery With A Luxurious Twist