Alibaba quarterly profit exceeds market expectations

Reuters

E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of ....

31 January, 2019

Hike pivots to multi-app approach in bid to boost growth

Payal Ganguly

Hike, the country’s smallest unicorn in terms of revenues, has decided to pivot to a multi-app approach in its latest strategic ....

10 January, 2019
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Byju's FY18 revenue doubles, loss almost halves

Vijayakumar Pitchiah

Ed-tech startup Byju’s sharply narrowed its loss for the year through March 2018, as a two-fold jump in operating revenue ....

8 January, 2019

Flashback 2018: Unicorns, Chinese cheques drive buzz in startup ecosystem

Binu Paul

India’s startup ecosystem took a long stride towards maturity this year, as several big-ticket acquisitions and funding ....

24 December, 2018

Food-tech unicorn Swiggy secures $1 bn in new round as valuation nearly triples

Kavya Kothiyal & Vijayakumar Pitchiah

Online food delivery startup Swiggy has raised $1 billion (just short of Rs 7,000 crore at current exchange rates) in a fresh ....

20 December, 2018

Ed-tech unicorn Byju's raises $540 mn led by Naspers

Binu Paul

Bengaluru-based Think and Learn Pvt. Ltd, which runs ed-tech startup Byju’s, has raised $540 million (Rs 3,855 crore at ....

17 December, 2018
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Exclusive: Byju’s lines up another $100 mn in extended funding round

Anand J & Vijayakumar Pitchiah

Ed-tech unicorn Byju’s is in talks to raise another $100 million (around Rs 720 crore at current exchange rates) as part ....

12 December, 2018

Byju's scoops up more than $300 mn in new round, valuation skyrockets

Vijayakumar Pitchiah

Think and Learn Pvt. Ltd, which operates ed-tech venture Byju’s, has raised $322.64 million (around Rs 2,300 crore at current ....

11 December, 2018

Reboot: Why ibibo’s founder chose wealth management as his next destination

Dearton Thomas Hector

TechCircle presents Founders Reboot, a new fortnightly series in which we profile successful Indian entrepreneurs who have chosen ....

5 December, 2018

Exclusive: Swiggy close to securing $900 mn in fresh funding round led by Naspers

Kavya Kothiyal & Snigdha Sengupta

Online food delivery startup Swiggy is close to finalising a term sheet to raise up to $900 million (about Rs 6,625 crore at current ....

18 October, 2018
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Will Alibaba, Tencent’s investments in Indian startups lift their cloud prospects?

Anirban Ghoshal & Anand J

Ever since its inception seven years ago, BigBasket, the country’s largest online grocery startup, has been dialling Amazon ....

21 August, 2018

Ed-tech startup Byju’s acquires Math Adventures to develop K3 product

Vijayakumar Pitchiah

Bengaluru-based Think and Learn Pvt. Ltd, which operates digital ed-tech venture Byju’s, has bought math learning platform ....

24 July, 2018

Bicycle-sharing startup Ofo to ride out of India after just 7 months

Vijayakumar Pitchiah

Ofo, the Chinese bicycle-sharing unicorn backed by Alibaba, has decided to exit India just seven months after launching its services ....

10 July, 2018

WeChat's owner Tencent expands India play with cloud entry

Shweta Sharma

Tencent Holdings, which owns China's top social media app WeChat, is all set to bring its cloud service to India, The Economic ....

3 July, 2018

Byju's hits revenue milestone, claims to have turned profitable

Anand J

Byju’s posted revenue of more than Rs 100 crore last month, prompting the ed-tech firm to revise its annual revenue guidance ....

20 June, 2018

Google to invest $550 mn in Walmart-backed Chinese e-tailer JD.com

Reuters

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand ....

18 June, 2018

Vernacular app NewsDog gets $50 mn from Tencent, others

Shweta Sharma

NewsDog, a Hindi and vernacular app founded by Chinese entrepreneurs and downloaded 10 million times on Google Play Store, has ....

22 May, 2018

South African tech investor Naspers logs out of Flipkart with $2.2 bn in cart

Dearton Thomas Hector

South Africa-based internet group Naspers said on Wednesday it has sold its entire 11.18% stake in Indian online retailer Flipkart ....

9 May, 2018

Alibaba talks up progress in self-driving tech in quest to catch up with Baidu

Anirban Ghoshal

Chinese e-commerce and technology company Alibaba Group has announced making rapid progress on the autonomous-driving front, a ....

19 April, 2018

Love thy neighbour: How Chinese cheques are fuelling Indian startups

Anand J

The early days of the venture capital boom saw money flowing into India from all parts of the world. Funding started to dry up ....

18 April, 2018

Naspers raises $9.8 bn from 2% Tencent share sale; may invest in OLX, Swiggy, PayU

Anand J

South African technology major Naspers announced on Friday that it has raised $9.8 billion from the sale of 2% of its holdings in ....

22 March, 2018