Art, Hermés handbags remain high on shopping list of UHNIs
SECTIONS
Last Updated: Mar 01, 2021, 09:22 AM IST
Share
Agencies
Luxury categories remained largely unaffected by the pandemic, as personal safety and long-term security became sought-after commodities for the ultra-wealthy.
Related
“Covid-19 had a huge impact on the global marketplace for luxury investments in 2020 . Compared to other passion investments, luxury handbags were the best performing asset class,” says Andrew Shirley, editor of The Wealth Report and the Knight Frank Luxury Investment Index.
Shirley added, “The ever-increasing category of luxury handbags outperforms art, classic cars and even fine wine to claim number one position in the index.”
[Funding alert] Children s nutrition brand Zingavita raises Rs 3 Cr from Anicut Angel Fund
The Chandigarh-based D2C brand said it will be investing the money to raise awareness and create an exciting and engaging category in the kids nutrition space.
0 claps
Adthera Consumer Brands, which owns and operates
Zingavita, a children s nutrition brand which is into the business of food supplement for kids, has raised
Rs 3 crore in an angel funding led by
Anicut Angel Fund.
We are very delighted with the support we have received from Anicut Capital, it is indeed a great endorsement of the idea and the space which we have chosen to be in. We will be investing this money to raise awareness and create an exciting and engaging category in the kids nutrition space. As a D2C brand, we are very excited to talk to parents and children through the new age digital platform,” said Rohit Anand, Co-founder, Adthera Consumer Brands.
Synopsis
The increase in the purchasing power of the NRIs coupled with a spike in the exchange rate of the US dollar will continue to encourage the sale of luxury realty, developers said.
Getty Images
Buyers of luxury and super luxury homes are now also looking at properties that offer a wide range of facilities.
New Delhi: Demand for luxury and super luxury homes has risen as many high networth individuals (HNIs) and ultra HNIs are either upgrading or buying bigger houses taking advantage of the lower prices due to the pandemic, realty developers and brokerage firms said.
Developers like