Page 62 - IACC Newsletter January 2013 Issue no. 8 HD

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Asked for his comments on FDI in retail, PepsiCo India Chairman Manu Anand said: "FDI is being debated in the
Parliament, we do not want to get into this debate. As far as our sector is concerned, it is 100 per cent FDI (sector). Well,
the more the points of sale, the better it is always for the industry."
Talking about its various initiatives for local people, he said the company has launched a community partnership
initiative here, which will help conserve 400 million litres of water every year and help 7,500 people. The beverages
plant here is the company's biggest unit in India.
"We have improved the water efficiency at our Sangareddy plant from 2.65 litres of water per litre of finished beverage
in 2007 to 1.88 litres in 2011, thereby saving 564 million litres of water," he said, adding the company has invested Rs
500 crore on this plant since 2006.
Under the project, the company encourages people in rain water harvesting and to form self-help groups.
Power2sme raises funding from Kalaari Capital
New funds to be used for scaling presence across newer geographies
Kalaari Capital, formerly Indo-US Venture Partners, has invested an undisclosed amount in Power2sme, to fund the
company’s rapid expansion plans in the Indian market. Kalaari Capital has joined hands with the company’s existing
investor Inventus Capital Partners in extending the Series A fund raising.
The new funds will be used for scaling up presence across newer geographies including Mumbai, Pune, Ahmedabad,
Chandigarh. The company also intends to hire talent and also to increase the company’s brand visibility, the company
said.
Vani Kola MD of Kalaari Capital will join the board of the company following this investment. “Power2sme is one of
India's fastest growing businesses in the B2B space. The high satisfaction level of SMEs as well as suppliers is testimony
to the excellent service that the company provides SMEs and also the value seen by the suppliers. We see immense
potential in their business model and are highly confident of the capability of the team to execute it well,” Vani Kola,
MD, Kalaari Capital said.
The company started its operation in January 2012, provides a platform to obtain the best pricing for SMEs procurement
needs, door-step delivery and online tracking of orders. Presently, Power2sme focus on industries such as construction,
manufacturing, precision engineering, automotive OEM. With this funding the company plans to expand its services to
various other sectors.
Kalaari is a $160 million venture capital fund investing in early-stage, technology-oriented companies in the country.
R Narayan, Founder & CEO, Power2sme said, “We plan to use these funds to further scale our operations, focus on
newer products and increase our reach in the Indian market. We are strong believers in the potential of India’s SME
market, and the funding will be used to build a strong foundation to cater to SMEs across multiple sectors and
geographies.”
Dr Reddy’s launches Finasteride tablets in US
Pharma major Dr Reddy’s Laboratories Ltd has launched Finasteride tablets, a bioequivalent generic version of Propecia
(Finasteride) tablets in the US market. The tablets are used for treating male pattern hair loss.
Dr. Reddy’s Abbreivated New Drug Application (ANDA) for Finasteride has been awarded a 180-day period of marketing
exclusivity in the US. The Propecia tablets brand had US sales of approximately $136 million for the most recent 12
months ended in October 2012, according to IMS Health