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Posts Tagged ‘ Tiger Global ’

Exclusive: Snapdeal explores merger talks with Flipkart, Amazon

Thursday, August 18, 2016 | More »

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Snapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry. Two people directly aware of the development said that Snapdeal is open to a merg...

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Messaging app Hike joins unicorn club after raising $175 mn

Messaging app Hike Ltd has raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology Group and other investors in a round that propelled it to the elite list of unicorns, or private companies valued at least $1 billion. Existing investors Tiger Global, J...

16 August, 2016 | More »

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Can Walmart and Flipkart help each other in India?

The world’s largest retailer Walmart’s acquisition of ecommerce company Jet.com has triggered speculation on whether this is the beginning of the company’s ambitious play in online retailing, a link sorely missing in its larger business plans. Also, there has been some discussion on whether wi...

16 August, 2016 | More »

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Freshdesk hires former WalmartLabs exec STS Prasad as engineering head

Cloud-based customer service software provider Freshdesk Inc. has appointed former WalmartLabs executive STS Prasad as its senior vice president of engineering. Prasad will lead all initiatives related to technology development and oversee infrastructure enhancements to support Freshdesk’s growing...

10 August, 2016 | More »

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How Shopclues aims to build non-ecom revenues

E-commerce firm focusing on non-metro markets Shopclues is building a slew of services targeting half a million merchants, mostly micro and small businesses, who sell on its marketplace as it targets one-third of its revenues from outside sale transactions on the website in 18-24 months. “We are b...

29 July, 2016 | More »

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Exclusive: Keiretsu Forum, others to invest $450K in customised online jewellery brand AuGrav

AuGrav, a Coimbatore-based startup that designs and sells personalised precious jewellery to end-customers and retailers, is in talks with the Chennai chapter of global angel network Keiretsu Forum and others to raise close to $450,000 (around Rs 3 crore) in seed investments. The startup wants to in...

14 July, 2016 | More »

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No room for new content curation startups to emerge, says Inshorts’ Purkayastha

Flush with over $24 million in funding from Tiger Global and other investors, Inshorts has been consistently ranked among the highest-rated news aggregator apps in the country. The company, which was a part of TLabs accelerator, also counts Times Internet, Flipkart founders and Rebright Partners amo...

13 July, 2016 | More »

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Grofers lays off staff, revokes campus offers

Tiger Global-backed grocery delivery firm Grofers has let go some employees and revoked campus job offers as part of a restructuring of operations, indicating the growing pains Indian startups are facing as the funding crunch deepens. “In the past couple of months, we have been making some necessa...

29 June, 2016 | More »

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Flipkart CEO Binny Bansal wants to bring old friends back to take on Amazon

Binny Bansal, the Flipkart co-founder who took over as the company’s CEO five months ago, is bringing back some of his trusted lieutenants from the past to revive the e-commerce giant’s fortunes and fend off the growing competition from US-based Amazon. As part of this strategy to power up the l...

20 June, 2016 | More »

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Saavn gets strategic investment from Maverick’s Guy Oseary

US-based Indian music streaming firm Saavn (South Asian Audio Video Network) has secured an undisclosed amount of strategic investment from Guy Oseary, CEO of talent management agency Maverick Records. Oseary comes in as partner and investor. He will help develop unique artist collaborations for Saa...

16 June, 2016 | More »

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