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Prime Video

Amazon bets big on Prime Video, invests over $75 mn in India so far

US-based ecommerce giant Amazon Inc has invested about Rs 500 crore (around $75 million) on its video streaming service Amazon Prime Video in India so far. Launched in December last year, the company has committed about one-fourth of its Rs 2,000 crore India budget to partner with local production h...

8 February, 2017 | More »

Prashant Tandon, Co-founder, 1mg

Ads for content, digital health tools are in the works for 2017: 1mg’s Tandon

Gurgaon-based Bright Lifecare Pvt. Ltd, which owns and operates online drug marketplace 1mg, made two acquisitions last year: in December, it bought Mumbai-based online hospital MediAngels and, in July, it acquired diagnostics bookings platform Medd.in. With these acquisitions, 1mg widened its produ...

8 February, 2017 | More »

L to R: Abhishek Kumar and Sandeep Komaravelly

Snapdeal sees two more senior-level exits

Snapdeal’s head of corporate development Abhishek Kumar and senior vice president Sandeep Komaravelly have quit the home-grown e-commerce company, a financial daily reported on Tuesday. Kumar, an alumnus of Indian School of Business, had joined Jasper Infotech Pvt Ltd-owned Snapdeal in 2014 fr...

7 February, 2017 | More »

TravelTriangle

Holiday marketplace TravelTriangle raises $10 mn in Series B funding

Online travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. Noida-based Holiday Triangle Trav...

7 February, 2017 | More »

Snapdeal_by-Junaid2

Will Snapdeal really turn profitable in next two years?

Snapdeal co-founder Kunal Bahl has said that the e-commerce firm is looking to turn profitable in the next two years and that it doesn’t need to raise funds unless it decides to make an acquisition. “I see a relatively clear line of sight to (profit) and we’ve been making great progress in...

6 February, 2017 | More »

Jonathan Bullock

SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

SoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies in India, Snapdeal and Ola, a statement from the Japanese telecom and Internet conglomerate confirmed on Monday. Mint had reported, citing a regulatory filing, that apart from...

6 February, 2017 | More »

raised-thinkstock_fe

Lingerie e-tailer Clovia’s net sales grow 61%, losses widen five-fold in FY16

Delhi-based Purple Panda Fashions Pvt Ltd, which runs online-first lingerie and sleepwear brand Clovia, registered a 61% increase in net sales for financial year ended March 2016 even as net losses widened five-fold. According to data sourced from the Registrar of Companies (RoC) by VCCEdge, the res...

6 February, 2017 | More »

Sashank-Rishyasringa_Co-founder-and-MD-Capital-Float

Online lending startup Capital Float raises $2.5 mn from IFMR Capital

Online lending platform Capital Float, operated by Bangalore-based Zen Lefin Pvt Ltd, has raised Rs 17 crore ($2.5 million) from Chennai-based non-banking financial company IFMR Capital Finance and its alternative investment fund by allotting non-convertible debentures (NCDs), a company spokesperson...

6 February, 2017 | More »

insurance-thinkstock-fe

Times Internet unveils online insurance platform

Times Internet Ltd (TIL), the digital business arm of media conglomerate Bennett Coleman and Co Ltd (BCCL), has launched ETInsure.com, an online platform through which customers can buy insurance products. The platform will offer insurance plans from seven insurance companies and is starting off wit...

4 February, 2017 | More »

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications, is set to raise $200-252 million (Rs 1,350-1,700 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, a major financial daily reported on Friday. The funding round, which marks Alibaba...

3 February, 2017 | More »