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Internet

ChipperSage, Select Jobs raise funding from India Educational Investment Fund

Monday, January 23, 2017 | More »

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India Educational Investment Fund (IEIF), an early-stage impact fund established by the Michael & Susan Dell Foundation (MSDF), has invested undis...

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Amazon leases over 1 million sq ft office space in 2016

E-commerce giant Amazon India leased more than a million square feet of office space last year as it aggressively attempts to narrow the marginal market share gap with Flipkart. According to property consultant Colliers International, various entities of the Indian arm of the US retail giant have re...

23 January, 2017 | More »

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We haven’t spent any money from last round yet: Droom’s Sandeep Aggarwal

Projections of exponential revenue growth and profitability in the near term, plans of acquisitions and overseas expansion, and ambitions to grab the lion’s share of the market—ShopClues co-founder Sandeep Aggarwal has bullish claims about his second venture Droom, an online marketplace for ...

23 January, 2017 | More »

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China launches $14.6 bn investment fund to support internet companies

China has launched an investment fund worth 100 billion yuan ($14.6 billion) to support internet firms, state-run Xinhua news agency reported. The fund has already raised around 30 billion yuan from state-owned banks and companies out of which 10 billion yuan has been invested by the Industrial and ...

23 January, 2017 | More »

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Flipkart halts UPI payments after NPCI reverses stand in ICICI-PhonePe tussle

Flipkart-owned PhonePe has halted payments through the unified payment interface (UPI) option on the e-commerce company’s app as National Payments Corporation of India (NPCI) and ICICI Bank turn up the heat on the digital wallet to adhere to interoperability norms, a financial daily reported o...

22 January, 2017 | More »

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Competition Commission of India clears MakeMyTrip-ibibo merger

The proposed merger of online travel agencies MakeMyTrip Ltd and ibibo Group has inched closer to completion with the Competition Commission of India approving the transaction. MakeMyTrip received a letter from the anti-trust watchdog clearing the merger on Friday, the NASDAQ-listed company said in ...

20 January, 2017 | More »

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Handicraft marketplace Direct Create raises funding

Jaipur-based Rajasthan Venture Capital Fund (RVCF) has invested an undisclosed amount in Direct Create Private Limited (DC), an online and offline B2B marketplace that brings together artisans, designers and buyers, according to a press statement. “RVCF has invested in Direct Create through its th...

20 January, 2017 | More »

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Myntra adds three new sellers to comply with FDI norms

With the deadline for compliance with foreign direct investment (FDI) norms approaching, Flipkart-owned Myntra has added three new sellers on its platform to reduce its dependence on Vector E-commerce Pvt Ltd, the biggest seller on the fashion e-tailer. A report in the Mint newspaper said, citing tw...

20 January, 2017 | More »

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After raising $5.7 mn, IvyCap-backed Taskbob shuts down

Two years since its launch and after amassing $5.7 million in external funding from three investors, Mumbai-based home services startup Taskbob, run by Crenovative Ideas Pvt Ltd, has halted its operations. Aseem Khare, co-founder and chief executive of Taskbob, confirmed the development to TechCircl...

20 January, 2017 | More »

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Fashion marketplace Voonik in legal tussle with Surat-based vendors

In another clash between sellers and online marketplace operators, fashion e-tailer Voonik and a group of Surat-based garment sellers are engaged in a legal battle over non-payment of dues. A group of garment sellers had filed a first information report (FIR) against the fashion e-commerce firm on 7...

19 January, 2017 | More »

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