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Internet

Delivery Hero buys Rocket Internet-backed startup Foodpanda

Saturday, December 10, 2016 | More »

Foodpanda
Delivery Hero Holding GmbH, which runs Delivery Hero, has announced the acquisition of Rocket Internet’s entire global operations of food delivery startup Foodpanda. The acquisition brings together two top food delivery startups based in Germany. After this acquisition, the combined group is expec...

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Exclusive: Flipkart shuts down private label DigiFlip, hopes to be second time lucky with Smart Buy

After more than four years of its entry into the private label business, Bengaluru-based Flipkart has discontinued DigiFlip, which used to sell digital accessories such as laptop bags and camera pouches. “DigiFlip has been discontinued. We are just clearing stock and it will phase out soon,” a F...

9 December, 2016 | More »

StalkBuyLove

Exclusive: Fashion e-commerce startup StalkBuyLove raises funding from Kalaari, others

Fashion e-tailer StalkBuyLove has raised around Rs 41 crore ($6 million) in its Series A funding round led by Kalaari Capital, as it looks to expand its business in a market that is increasingly getting crowded. Germany’s VCDE Venture Partners and investment firm TTM Holding AG also invested i...

9 December, 2016 | More »

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Paytm to be one of the final two marketplaces, says Vijay Shekhar Sharma

Vijay Shekhar Sharma, the founder of Paytm, has risen to the occasion to make the most of the demonetization and the cashless economy push initiated by Narendra Modi government. Full-page advertisements in popular dailies, TV commercials, outdoor as well as ambience campaigns across consumer touch-p...

9 December, 2016 | More »

Nykaa

Beauty e-commerce startup Nykaa raises fresh funding from Max Ventures

Max Ventures and Industries Ltd, part of industrialist Analjit Singh’s Max Group, said on Friday a unit has acquired a 1.99% stake in online beauty essentials retailer Nykaa. The stake was bought by wholly owned subsidiary Max I. Ltd, the company said in a stock-exchange filing. It didn’t disclo...

9 December, 2016 | More »

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Facebook unveils year-end review 2016; Pokemon Go, iPhone 7 among most talked in India

Social networking giant Facebook released its year-end review for 2016, highlighting ‘moments, events and trends’ that ruled the year both in India and globally. It also unveiled its very popular ‘Your Year in Review’, a personalised video that gives users a flashback of the year gone by. Us...

9 December, 2016 | More »

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Foodpanda India loss quadruples, revenue shoots up

Rocket Internet-backed food delivery firm Foodpanda India said on Friday its loss widened in 2015-16 but that it is working to achieve profitability. Loss for the financial year ended March 2016 quadrupled to Rs 142.6 crore from Rs 36 crore the year before, the food-tech firm said in a statement. Re...

9 December, 2016 | More »

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Should the government pay heed to Flipkart’s & Ola’s call for protection?

A nationalistic fervour has taken over the Indian startup world with two of the largest homegrown consumer internet companies seeking protection from resourceful global rivals. Co-founders of Flipkart and Ola have demanded a level-playing field for domestic companies and even suggested blockades aga...

8 December, 2016 | More »

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Exclusive: Spacetech startup Astrome raises funding from former Nokia exec

Space technology company Astrome Technologies Pvt. Ltd, is in talks to raise a pre-Series A round of funding from a clutch of investors in the next couple of weeks. Angel investor Ajith Sukumaran, who is leading the investment, has already committed a portion of the funds in this round, a person dir...

8 December, 2016 | More »

startup

Why Baidu is cautious about investing in Indian startups

Chinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet p...

8 December, 2016 | More »

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