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Posts Tagged ‘ Tencent ’

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Wednesday, February 22, 2017 | More »

Flipkart
Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft C...

Alibaba

Paytm investor Alibaba’s Ant Financial to buy US firm MoneyGram for $880 mn

In step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba Group, has agreed to buy US money-transfer company MoneyGram for $880 million. Alibaba and Ant Financial hold a significant stake in One97 Communications Ltd, the pare...

27 January, 2017 | More »

snapdeal22

Snapdeal in talks with Softbank to raise funds at lower valuation

E-commerce marketplace Snapdeal is in talks with its investor Softbank Group to raise fresh funds at a lower valuation. The e-commerce firm had raised its last funding round at a valuation of $6.5 billion, a report by Mint newspaper said on Wednesday, citing unnamed sources. Snapdeal and SoftBank ha...

25 January, 2017 | More »

Kavin Bharti Mittal, founder, Hike

Kavin Mittal gets 24-fold hike in FY16

Kavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annu...

20 January, 2017 | More »

Shashank ND

Revenue from international markets may outpace that of India’s: Practo’s Shashank ND

The fresh fund infusion of $55 million led by Tencent has reaffirmed investor confidence in healthcare firm Practo. According to estimates, the latest round of funding puts the company’s valuation well past $600 million. The Series D funding round announced on Tuesday also saw the participatio...

18 January, 2017 | More »

Kavin Bharti Mittal, founder, Hike

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

Hike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, accordi...

6 January, 2017 | More »

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PressPlay co-founder Anand Sinha joins FreeCharge

Snapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in...

19 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 »

Barret-Parkman

Great Wall Club Innovator Fund plans more deals in India

Silicon Valley-based early stage investor GWC Innovator Fund plans to step up seed investments in India by backing five to ten startups in a year from its new $20 million fund, its co-founder Barret Parkman told Techcircle. GWC Innovator Fund is an offshoot of Great Wall Club (GWC), the company that...

21 November, 2016 | More »

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Now Chinese ride-hailing major Didi Chuxing wants to go global

Chinese taxi-hailing firm Didi Chuxing has expressed its ambitions to go global. Didi’s president Jean Liu made it clear at an event in the US that, “We are definitely going global.” “We are a big sponsor and a big believer in local players. If there are no existing local players, we will go...

21 October, 2016 | More »

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