Hedge fund Tiger Global takes $1 bn stake in Japan's SoftBank

Reuters

U.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm ....

12 July, 2018

Uber HR chief resigns following racial discrimination probe

Reuters

Uber Technologies Inc’s Chief People Officer Liane Hornsey resigned in an email to staff on Tuesday, following an investigation ....

11 July, 2018
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OYO acquires IoT startup AblePlus to bolster tech portfolio

Binu Paul

Budget hospitality chain OYO has bought Mumbai-based Internet of Things (IoT) technology company AblePlus Solutions Pvt. Ltd to ....

10 July, 2018

PolicyBazaar bags $27.7 mn in co-investment as part of Series F round

Vijayakumar Pitchiah

Info Edge (India) Ltd and Temasek, existing investors in online insurance selling platform PolicyBazaar, have co-invested $27.7 ....

6 July, 2018

Exclusive: PhonePe all set to buy Zopper's PoS platform

Anand J & Dearton Thomas Hector

PhonePe, the digital payments arm of homegrown e-tailer Flipkart, is in advanced talks to acquire the Point of Sale software-as-a-service ....

6 July, 2018

SoftBank-backed Ola hires former eBay Australia head to lead biz Down Under

Dearton Thomas Hector

Homegrown cab-hailing major Ola has appointed Simon Smith, the former chief executive of online retailer eBay Australia, as the ....

4 July, 2018
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Flipkart's wholesale arm more than halves losses for FY17

Shweta Sharma

Flipkart India Pvt. Ltd, the wholesale arm of e-commerce major Flipkart, more than halved its losses for the year through March ....

17 May, 2018

Why SoftBank may face a long wait for its next multi-billion dollar india exit

Anand J & Dearton Thomas Hector

Walmart's big-ticket acquisition of Flipkart last week brought both bliss and billions to many of the Indian e-commerce company's ....

15 May, 2018

Foxconn writes off entire $200-mn Snapdeal investment

Binu Paul

FIH Mobile Ltd, a subsidiary of Taipei-headquartered Foxconn Technology Group, has written down the remaining $40 million of its ....

15 May, 2018

Swiggy seeks to raise $250 mn, eyes unicorn status

Anand J

Online food delivery startup Swiggy is looking to raise $250 million, instead of $150-200 million it was considering earlier. ....

15 May, 2018
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A history of Flipkart's many big billion days

Binu Paul

Flipkart is well-known for its Big Billion Days, a bonanza for consumers where the e-tailer doles out heavy discounts on products. ....

9 May, 2018

Walmart to buy majority stake in Flipkart, confirms SoftBank CEO

Anand J & Dearton Thomas Hector

Walmart Inc will purchase a majority stake in online retailer Flipkart, the Indian e-commerce company's investor SoftBank ....

9 May, 2018

Flipkart buys back shares worth $350 mn as Walmart closes in on buyout

Reuters

Indian online marketplace Flipkart has bought back $350 million worth of shares from its investors as it seeks to convert its ....

4 May, 2018

Race to $1 bn: Which Indian startup was the fastest to get unicorn status?

Jyotindra Dubey

Venture capital and private equity investors have pumped billions of dollars into the Indian startup ecosystem over the past few ....

2 May, 2018

Amazon's India investment continues to bleed its international business

Anand J

E-commerce giant Amazon Inc.’s massive investment in India continues to drag its margins, with the loss of its international ....

27 April, 2018

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

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