The fund infusion comes at a time when investors are tightening their purse strings and funds flow into Indian startups has fallen at a record low in 2023, falling over 80 percent quarter on quarter in Q1CY23.
Ganguly is likely to be succeeded by Karthik Balagopalan, who has worked with Puma India and is currently based in its home market Germany, , Puma India, people movement
Sportswear brand PUMA has opened its first store in Republic of Maldives, entering the market to cater to the growing community of footballers and futsal players and surging inbound tourism with its array of
Sportswear brand PUMA India has opened its first store in the Republic of Maldives, entering the popular holiday destination that has witnessed a triple-digit surge in inbound tourism over the last two years. With this, Maldives becomes the latest market to join PUMA India's syndicate, including 19 other countries such as Singapore, Indonesia, Malaysia, Thailand, Vietnam and the Philippines.