Créer mon blog M'identifier

Calcutta Angels Network forays into fashion space with seed funding for Purple Style Labs

Le 19 octobre 2016, 10:15 dans Mode 0

Sidharth Pansari, President CAN, said, “This is the first investment in the fashion space for CAN. We are hopeful that this investment will benefit Purple Style Labs, the budding designers and small fashion brands to develop a pan-India market”.

Purple Style Labs Pvt Ltd (PSL), founded in Aug 2015 by Abhishek Agarwal, an IIT-Bombay graduate and ex-banker with Deutsche, operates on two unique propostions - on one hand they provide professional support to individual desinger brands and on the other, help customers with one-stop solution to buying and styling needs.

With funding support from Calcutta Angels Network, Lets Venture and individuals from IITB and banking network of the founder, PSL has been able to raise nearly rupees three crore, which the company expects to infuse to grow its team of trendy designer and stylists as well as upgrade technology.

CAN closed this fund-raising round in a record time of a month under the able leadership of Rahul Kayan (President Elect, CAN) and Nikhil Golcha (Member, CAN).

Rahul Kayan said, “CAN is happy with this association. We believe, that the promoters have in them what it takes to reach great heights. This project has a huge potential and will go a long way. CAN is ever-ready to support these fresh and unique ideas.”

PSL's aspiration to be the biggest fashion house of India managing multiple designer brands in the premium, luxury as well as affordable retail segment coupled with its expertise to make their aspirations come true has encouraged investors to fund them.

Realising that a lot of individual designer brands lack business acumen in reaching their true potential, PSL aims to fill this vacuum by providing them the much-needed professional support in terms of technology, marketing, strategy and operations while they can focus on the product and consumer.

Since inception PSL has integrated over 30 designers and stylists under their management across eight cities in India and has achieved 300 per cent annual growth for the designers.

It combines designing and styling on a single platform to provide unique experience to end consumers.

Talking about their maiden funding round, Abhishek Agarwal said, “We believe that an idea can scale in the Indian ecosystem without losing the path to profitability only when it gets the right guidance from people who have. historically, created businesses in India. And we have been successful in bringing the right set of investors to guide us for the journey.”

According to Nikhil Golcha, “Purple Labs is addressing the pain points of the players with a focus on backend logistics, integration and customer contact. If done correctly, this business solution can set new trends for the future.”

PSL has also recently on boarded senior executives, Nabeela Moinuddin (Ex- Deloitte, Vistaprint) and Nishank Gupta (Ex- Housing, Urban Clap).


Calcutta Angels Network (CAN) is a platform for entrepreneurs and investors to come on board to create an enabling environment for angel investments, mentorship and guidance. It is the first structured platform of this kind in Eastern India. The Network, now poised to become one of India’s largest regional Angel Network platforms, has taken the leadership to develop the start-up eco system across eastern India. CAN has established associations with premier angel networks, accelerators, incubators and institutes for knowledge sharing, deal flow sharing and co-investments. CAN has taken a step ahead, creating robust systems and processes which will be of immense benefit to investors and start-ups which in turn will make CAN the first port of call for any start up seeking investment from this part of the country.Read more at:formal dress shops brisbane | cheap formal dresses melbourne

Rocking Fashion and Fundraising

Le 17 octobre 2016, 11:43 dans Mode 0

It has been a very exciting year for the Barrington Junior Women’s Club (BJWC)—it’s not every day an organization celebrates it’s 80th anniversary. All year, the women of BJWC have been planning and participating in area events—always with the goal of raising as much money as possible to help support Barrington initiatives that focus on women, children, and seniors.To culminate this special year, the group will once again host their annual fashion show on November 12 at the Stonegate Conference Center in Hoffman Estates. The event will feature a shopping boutique, silent and live auctions, luncheon and fashion show.In an ode to the organization’s 80th anniversary, the co-chairs of the event, Cindy Galley and Lindsey Murphy, have chosen the theme to be “Diamonds and Pearls,” which is the traditional gift for celebrating the milestone. The event will be a rock tribute to fashion, with a nod to the late singer, Prince, who according to event co-chair Murphy “knew how to rock and diamonds and pearls better than anyone.”“We have had such great success with our previous fashion shows that this year we decided to switch it up and add in a little more fun and create an edgier, faster-paced show,” says Galley.The show, produced by ZZazz Productions, will for the first time headline fashion from luxury department store Neiman Marcus, as well as from local Barrington clothing boutiques.“The decor is set to be ‘rocker glam’ and will feature purple, black, and white and over the top ‘bling,’” says Murphy.Prior to the start of the fashion show, guests will have the opportunity to shop at a boutique featuring more than 30 different vendors selling items such as jewelry, clothing, and home accessories. Local favorites such as Luxe Wearhouse, Heads Up Apparel, and Wings Resale will have a selection of merchandise from their stores onsite.“This day is really about women having fun together and giving back at the same time,” explains Murphy.Headlining the live auction segment of the event will be an exclusive shopping experience with celebrity designer (and former Barrington resident) Cynthia Rowley. Rowley may meet the lucky winner and her friends for a private shopping party at a Cynthia Rowley Boutique. Guests will enjoy champagne and nibbles, as they preview her latest collection. Other exciting auction offerings include a fur coat from York Furrier, a little red Corvette child’s car, and a diamond and pearl pendant necklace donated by Long & Company Jewelers. An impact jewelry raffle and a designer purse from Country magazine offered as a door prize will complete the many opportunities guests have to support the organization and go home with a special keepsake of the day.New to the silent auction this year will be the ability for guests to use their smartphones to bid on auction items. With over 40 baskets to bid on, ranging from sports experiences, travel packages, kids’ themed baskets, and spa packages, the event planners are betting on the new technology to raise even more money for charity, while making it easier for guests to track their bids.“We try to have something for everyone from fashion to auction items, and we are excited this year to implement our new silent auction bidding system that will give our guests more time to track their favorites and keep up on their bidding,” says Mary Dale, President of the BJWC. With typically 400 women in attendance at this event, this mobile bidding will be a fun addition to the day.The BJWC Fashion shows have each raised more than $100,000 in the past, and this year event organizers hope to raise even more in celebration of the special anniversary year.“We would love for this to be a record year for this event,” Galley says. “With the new changes in place for the auction and show, we feel we are poised to raise over $100,000 in BJWC’s 80th anniversary year, which would just be incredible.”The Barrington Junior Women’s Club uses the money raised at this event to fund scholarships for Barrington High School seniors and grants for numerous local charities including Barrington Giving Day, Journeycare, Wings, and Meals on Wheels.“After attending many BJWC fashion shows in the past and loving fashion like I do, I thought this was a great fit for me to step up and be a chair this year,” says Murphy. “I love the theme and feel of the event and working with a group of women putting the day all together has been more rewarding than I could have imagined. I hope our guests enjoy the day as much as we have had planning it!”Read more at:blue formal dresses | pink formal dresses

Foreign nationals tired of stereotypes

Le 14 octobre 2016, 09:03 dans Mode 0

Foreign nationals are upset that they are being stereotyped and blamed for crimes committed in the capital city.

Antonio Sesmora, a Congo national, said South Africans often blamed him for the scourge of drugs in the area.

“It is not good living in some parts of the country, especially in the capital city,” he said.

Sesomora, a father of six, said he has had to accept all the negative slurs and abuse against him and his family.

“Since day one when I was looking for a place to rent with my wife and children it has been difficult.”

Sesomora said locals rudely asked him why he left his war-torn home and settled in South Africa.

“Locals here did not want to know what forced me to come here. We did not just wake up and say we are heading to ‘beautiful’ South Africa. What was happening back home forced us to move here.”

Sesomora later founded a property company with South African partners and 15 years later he still lives in Pretoria.

“Funny enough, my company has a turnover of over R3 million and I have been able to employ over 20 people.”

Salaudeen Kamal, a fashion designer and entrepreneur from Nigeria, said he was verbally attacked for the way he dressed and talked.

“It is sad that as Africans we treat each other badly for things we can’t even prove, like those crime stats. How sure are we those crimes were committed by Nigerians or Zimbabweans?” asked Kamal.

Kamal has lived and worked in the city for almost 10 years and, like Sesomora, he has employed and assisted many aspiring South African fashion designers to start their own businesses.

“I don’t sell drugs and why should one foreigner who sells them taint others who don’t? I contribute positively to the country’s economy with all the shows I host and the number of opportunities I create for South Africans and Africans,” said Kamal.

Rekord spoke to teenagers who said the media was helping perpetuate the stereotypes around foreign nationals.

“I fail to understand how foreign nationals who contribute significantly [to the country] are not recognised by the media. Instead, the spotlight is put on a few who sell drugs,” said James Muzondo (19), from Zimbabwe.

He said these misrepresentations fuelled acts of hate like xenophobia.

Tshepang Nondula (19), a South African, said it was wrong for mainstream media to “bad-mouth” other groups or nationals.

“We believe the negative things the media says about our fellow brothers who are from countries like Nigeria, which is wrong. The narratives should be fair and balanced and it needs to change.”

Nondula said he would rather read about a Nigerian man who built his empire from nothing than about a Nigerian who was caught at the airport smuggling diamonds.Read more at:formal dress shops sydney | short formal dresses

Voir la suite ≫