• NEWS
    Alibaba in talks to buy Flipkart stake

    Jack 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
    Ratan Tata, University of California partner to fund start-ups in India

    Ratan 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
    Infosys, Wipro investments in start-ups not exclusive deals

    Infosys 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
    Zomato turns profitable in 6 markets, including India

    Zomato 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 […]

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    Ratan Tata invests in B2B industrial goods start-up Moglix

    A 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
    PepperTap shuts operations in six large cities, including Mumbai

    In 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 […]

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    Why investors are interested in CarDekho

    CarDekho.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 […]

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    Ather Energy to set up new manufacturing unit in Bengaluru

    A 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 […]

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    Russian billionaire Fridman’s LetterOne invests $200 million in Uber

    Uber 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 […]