How SoftBank has spun its web across India's internet companies

Anand J

SoftBank is the new IPO. For startups struggling to turn in profits, an initial public offering remains an unattractive proposition. ....

23 April, 2018

WhatsApp rival Line's venture capital arm backs True Balance

Shweta Sharma

Gurugram-based Balancehero India Pvt. Ltd, which operates mobile balance-checking app True Balance, has raised $23 million (Rs ....

20 April, 2018
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Ola unveils electric vehicle programme focusing on e-rickshaws, auto-rickshaws

Shweta Sharma

Homegrown cab-hailing major Ola has announced Mission Electric, a programme to launch 10,000 electric vehicles, most of them three-wheelers, ....

16 April, 2018

Grofers lost Rs 20 for each rupee it made in FY17 revenue

Dearton Thomas Hector

Gurgaon-based online grocery firm Grofers India Pvt. Ltd saw its net sales jump 65% and its losses widen year-on-year for the ....

3 April, 2018

Paytm Mall to raise $446 mn from SoftBank and Alibaba

Dearton Thomas Hector

Online e-commerce marketplace Paytm Mall, operated by Delhi-based Paytm E-commerce Private Limited, is set to raise Rs 2,892.5 ....

2 April, 2018

Why it makes sense for Uber to sell India operations to Ola

Rohit Thomas Koshy

Uber has increasingly been finding it difficult to operate in India. It seems to have underestimated the ‘dimaag (brain)’ ....

29 March, 2018
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SoftBank-backed Grab acquires Uber's Southeast Asia business

Team TC

Ride-hailing firm Uber Technologies Inc. has decided to sell its Southeast Asian business to regional rival Grab, its second exit ....

26 March, 2018

E-tailer Shopclues lays off 52 employees

Vijayakumar Pitchiah

Gurgaon-based e-commerce marketplace Shopclues has laid off 52 personnel from its marketing and operations verticals, a spokesperson ....

23 March, 2018

Grofers gets $62 mn from SoftBank, others at lower valuation

Dearton Thomas Hector

Gurgaon-based online grocery startup Grofers India Pvt. Ltd has raised Rs 400 crore (around $62 million) in a Series E round led ....

16 March, 2018

Ola, Paytm Mall in separate talks for large funding led by Temasek, SoftBank

Shweta Sharma

Singapore's state investment firm Temasek is reportedly in separate talks for large investments in Indian ride-hailing company ....

6 March, 2018
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Where is Flipkart spending nearly $1 bn from last funding round?

Anand J

Flipkart is infusing nearly $1 billion in three units in India to take on global giant Amazon in the ecommerce market. Subsidiaries ....

3 March, 2018

Court quashes Zo Rooms’ plea against Oyo

Anand J

Now-defunct budget hotel room aggregator Zo Rooms has suffered a setback in its legal battle against Oyo Rooms with a Gurugram ....

26 February, 2018

Uber CEO says car ownership bigger threat than Ola, vows to invest more in India

Anirban Ghoshal

Uber's chief executive officer Dara Khosrowshahi said on Wednesday that the ride-hailing company will continue to invest in ....

22 February, 2018

OYO vs Zo: A doomed courtship is now headed to court

Anand J

OYO and Zo Rooms are at it again. After a marriage failed to materialise, the long-sparring online budget hotel operators will ....

21 February, 2018

Japan's Sony plans AI-powered taxi-hailing system to take on SoftBank

Reuters

Sony Corp said on Tuesday it would become the latest blue-chip firm to jockey for position in Japan's taxi and ride-hailing ....

20 February, 2018

ARM working on new chip to support AI, ML workloads on mobile devices

Anirban Ghoshal

British chip designer ARM Holdings Ltd is working on a new project called Trillium to develop chips that can support artificial ....

15 February, 2018

Startups Club seed fund backs three ventures, plans 15 deals this year

Manu P Toms

Startups Club Incurator's (SCIN) India-focussed seed fund has backed three early-stage ventures - augmented reality firm Vicara ....

13 February, 2018

SoftBank, China’s Didi to roll out ride-hailing venture in Japan

Reuters

China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, ....

9 February, 2018

eBay takes $61 mn impairment hit on Snapdeal investment

Anand J

Global e-commerce firm eBay Inc. has written down its investment in online marketplace Snapdeal but recorded gains by selling ....

8 February, 2018

Exclusive: Ola to shut down bus unit Shuttle

Manu P Toms

Indian ride-hailing company Ola is completely shutting bus unit Ola Shuttle after scaling it down in several cities in recent ....

6 February, 2018

Walmart in talks to buy minority stake in Flipkart: Report

Vijayakumar Pitchiah

US-based offline and online retailer Walmart Stores Inc. is in advanced stages of talks to buy a significant minority stake in ....

31 January, 2018