Archives
NEWS March 4, 2016 Alibaba in talks to buy Flipkart stake
By: sristy SahaJack Ma, founder of Alibaba Group. If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. Photo: Bloomberg New Delhi/Bengaluru: China’s Alibaba Group, which has backed Paytm and Snapdeal, is looking to increase its footprint in India […]
NEWS March 4, 2016 Ratan Tata, University of California partner to fund start-ups in India
By: sristy SahaRatan Tata has made small investments ranging from Rs.10 crore in online market place Snapdeal to Rs.10 lakh in Zivame. Photo: Mint Bengaluru: RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over […]
NEWS March 4, 2016 Infosys, Wipro investments in start-ups not exclusive deals
By: sristy SahaInfosys and Wipro maintain their backing to start-ups, which are based out of the US, Israel and India, should not curtail the latter from partnering other outsourcing firms, some of which are even their rivals. Photo: Hemant Mishra/Mint Bengaluru: Infosys Ltd and Wipro Ltd have invested over $65 million in 11 start-ups so far, but […]
NEWS March 4, 2016 Zomato turns profitable in 6 markets, including India
By: sristy SahaZomato co-founders Pankaj Chaddah (left) and Deepinder Goyal. Photo: Ramesh Pathania/Mint Restaurant search and review website Zomato Media Pvt. Ltd said on Monday that the company has reached operational profitability in six markets, including India. Zomato has also turned operationally profitable in the United Arab Emirates, Lebanon, Qatar, the Philippines and Indonesia. “We can now […]
ALL DEALS March 4, 2016 Ratan Tata invests in B2B industrial goods start-up Moglix
By: sristy SahaA file photo of Ratan Tata. Photo: Pradeep Gaur/Mint New Delhi: Moglilabs Pvt. Ltd which runs business-to-business (B2B) industrial products marketplace Moglix on Monday said it has raised an undisclosed amount from Ratan Tata, chairman emeritus of Tata Sons Ltd. The company in October raised a pre-series A round of $1.5 million from venture capital […]
NEWS March 4, 2016 PepperTap shuts operations in six large cities, including Mumbai
By: sristy SahaIn September, Gurgaon-based PepperTap had rolled back operations in smaller towns such as Agra and Meerut after a month-long pilot failed to take-off. Photo: Pradeep Gaur/Mint New Delhi: Hyperlocal delivery start-up PepperTap is shutting operations in six cities, including Mumbai, Kolkata and Chennai, and will be laying off about 400 delivery men—a sign of heightened […]
CLOTHING March 4, 2016 Hopscotch raises $13 million in a round led by Facebook co-founder Eduardo Saverin
By: sristy SahaThe company raised $11 million in 2015. Mumbai: Online baby clothes and products company Hit The Mark Inc., which owns and operates as Hopscotch.in, said on Monday that it has raised $13 million in a Series C round of funding led by Facebook co-founder Eduardo Saverin. Saverin Family Office will join the Hopscotch board and […]
ALL DEALS March 3, 2016 I will believe in e-commerce model when they sell at an economical price: Rakesh Jhunjhunwala
By: sristy SahaA file photo of investor Rakesh Jhunjhunwala. Photo: Hemant Mishra/Mint Mumbai: What do you get when you put the man who pioneered modern or organized retailing in India, the country’s top value investor, and the poster boy of its ongoing e-commerce boom together? Answer: An entertaining and lively panel discussion with no shortage of either […]
ALL DEALS March 3, 2016 Why investors are interested in CarDekho
By: sristy SahaCarDekho.com boasts of investors such as Ratan Tata, Times Internet, Sequoia, Hillhouse Capital, Tybourne Capital and HDFC Bank, and is valued at $300 million. Clearly, it has no dearth of investors or money. New Delhi: The presence of CarDekho.com, promoted by Jaipur-based IT firm Girnar Soft, at the recently-concluded Delhi Auto Expo was intimidating. The […]
ALL DEALS March 3, 2016 Start-ups have limitations in traditional business, says Capgemini India CEO
By: sristy SahaPhoto: AFP New Delhi: Srinivas Kandula, chief executive officer of Capgemini India, and Patrick Nicolet, member of the Capgemini group management board, spoke about the integration of iGate’s business with Capgemini, future areas of focus for the India unit and the challenge from start-ups, on the sidelines of the Nasscom Leadership Forum in Mumbai. Edited […]
ALL DEALS March 3, 2016 Ather Energy to set up new manufacturing unit in Bengaluru
By: sristy SahaA file photo of founder Tarun Mehta. Photo: Mint Bengaluru: Ather Energy Pvt. Ltd, an electric two-wheeler maker and technology start-up, will invest Rs.23 crore to set up a manufacturing unit in Whitefield, Bengaluru, to produce its first electric scooter. Founded by Tarun Mehta and Swapnil Jain at the IIT Madras research park, Ather’s new […]
ALL DEALS March 2, 2016 Russian billionaire Fridman’s LetterOne invests $200 million in Uber
By: sristy SahaUber was valued at more than $60 billion, people familiar with the matter said in December, making it the world’s most valuable startup. Photo: Reuters Moscow: Russian billionaire Mikhail Fridman’s investment vehicle LetterOne invested $200 million in Uber Technologies Inc., betting in ride-hailing technology after selling billions of dollars worth of oil assets. “We aim […]
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