Trending News

Xiaomi pumps Rs 3,500 crore into India business

Xiaomi, which overtook Samsung to become the leader in the Indian smartphone market, has just invested Rs 3,500 crore into its Indian entity, the highest by the Chinese company since it entered the co

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BlackBuck's out to raise $150M in new round, valuation likely to jump to $800 M

BlackBuck is raising up to $150 million (Rs 1,040 crore) in its latest financing round, led by Silicon Valley-based Accel US Growth Fund and including Goldman Sachs, B Capital and Sequoia Capital, val

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With $21 Billion, Azim Premji among world’s top philanthropists

Azim Premji, India’s most generous billionaire, has announced a fresh bequest to his eponymous philanthropic initiative boosting his total commitment to Rs 1,45,000 crore ($21 billion), making it one

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Google agreed on a $45M exit package for India-origin exec accused of sex abuse

Alphabet’s board of directors agreed to pay a former top Google executive as much as $45 million when he resigned from the company in 2016 after being accused of groping a subordinate. The previously

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HSBC pegs Zomato's valuation at $3.6 billion ahead of Swiggy

HSBC Global Research has valued Zomato at $3.6 billion, or about Rs 2,500 crore, around 70% higher than the valuation ascribed to the restaurant discovery and food-delivery firm when it raised capital

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PayU in talks to acquire online payments firm Wibmo for $60M

Digital payments company PayU is in final stages of discussions to acquire Bengaluru and Cupertino-based Wibmo that specialises in processing online payments, three people in the know of the matter sa

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Quikr close to acquiring refurbished goods marketplace Zefo in all-stock deal

Online classifieds platform Quikr has entered into a definitive agreement to acquire Sequoia-backed refurbished goods marketplace Zefo for Rs 200 crore (approx $28.5 million) in an all-stock deal, fou

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What life looks like after a layoff from an IT company

In the best of times, Phani Missala, dressed in formals, would drive his new wine-red Hyundai Xcent into the sprawling Tech Mahindra (TechM) campus. A techie with over 13 years of experience at compan

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General Atlantic & Tencent pump in another Rs 80 Cr in ed-tech unicorn Byju's

Private equity major General Atlantic and Tencent, the world’s fifth-largest internet company, have put in an additional Rs 75 crore-Rs 80 crore in Think and Learn, the owner and operator of ed-tech p

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US Senator Warren vows to break up Amazon, Facebook, Google

Senator Elizabeth Warren vowed on Friday to break up Amazon, Google and Facebook if elected U.S. president to promote competition in the technology sector. Seeking to stand out in a crowded field v

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SoftBank extends tech reach with $5B Latin American fund

Japan's SoftBank Group is launching a $5 billion fund to invest in technology companies in Latin America, it said on Thursday, ramping up its tech ambitions beyond its huge Vision Fund. The new fun

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Coverfox hits the market to raise $50M in new financing round

Glitterbug Technologies, which owns and operates insurance aggregator Coverfox, has hit the market to raise a fresh round of equity financing, estimated at $50 million (Rs 350.23 crore). The Mumba

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Cognizant faces US lawsuit alleging discrimination

Cognizant is being sued by a US employee who is alleging discrimination in the way assignments are handed out in the company and says that his US origin was the reason he was denied promotions despite

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China's Huawei sues US over federal ban on using its products

Chinese telecom giant Huawei said Thursday it was suing the United States for barring government agencies from buying the telecom company's equipment and services. Huawei said the suit was filed in

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Germany's Delivery Hero acquires Zomato's UAE biz, invests in India ops

Zomato Media, which owns and operates the eponymous online food delivery and restaurant discovery platform, has sold its United Arab Emirates delivery business to the Berlin-based Delivery Hero for $1

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Ahead of deadline, debate rages on e-commerce policy

US technology companies and Indian startups are working overtime to put together a response within a week to the government’s proposed ecommerce policy, which is being touted as a digital economy poli

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Flipkart rejigs reporting of Myntra-Jabong head Amar Nagaram

Amar Nagaram, head of fashion portals Myntra and Jabong, will now report to Rishi Vasudev who was recently elevated to as the group head of fashion for Flipkart group, multiple people in the know said

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Grofers raises fresh funds from existing investors, valuation hits $425M

Grocery delivery startup, Grofers has raised around $60 million in fresh capital from Softbank Vision Fund (SVF), the first tranche of a larger $120-140 million funding round that the company is stitc

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Sachin Bansal invests Rs 250 Cr each in NBFCs Altico & IndoStar: Report

Flipkart co-founder Sachin Bansal has invested Rs 250 crore each in non-banking financial companies Altico Capital India and IndoStar Capital Finance, reports Mint citing sources. It said the debt

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I-bank Wolet files $800k suit over Flipkart’s Upstream buy

Wolet Capital Corp., an investment bank that specialises in US-India cross-border deals, has sued Flipkart and its owner Walmart Inc., alleging that they failed to pay it for advisory services related

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Flipkart FY18 revenue up 50%, but losses grow 5x

Flipkart Group saw its total revenues increase by a faster pace of over 50% to Rs 30,164 crore in the financial year ending March 2018. This came even as losses increased over fivefold, primarily on

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Pine Labs in talks to acquire Amazon-backed Qwikcilver for $100M

Pine Labs, a point-of-sales payments solutions company, is close to acquiring Bengaluru-based digital gift card firm Qwikcilver Solutions for over $100 million, three people in the know of the matter

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India can become 2nd largest 5G market in 10 years: Huawei

Chinese telecom gear maker Huawei said that India has the potential to become the largest 5G market after China for the whole industry in the coming 10 years. "We know India is important emerging m

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Alibaba rival Pinduoduo seeks to raise $1.5B

Chinese firm Pinduoduo, an ambitious rival of e-commerce giant Alibaba, plans to raise about $1.5 billion from Wall Street to fund its expensive expansion. The Shanghai-based company, which special

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Twitter Q4 revenue grows to $909M as video ad sales surge

Twitter said on Thursday that its profits rose sharply in the fourth quarter, lifted by gains in advertising despite a drop in its global user base. The short-messaging platform said it posted a $255

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Mukesh Ambani to invest $1.4B in West Bengal, will help e-commerce expansion

Reliance Industries will invest Rs 10,000 crore ($1.4 billion) in West Bengal, a part of which would fund the company's new e-commerce venture, its chairman Mukesh Ambani said on Thursday. The energy

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Etail may lose Rs 40,000 crore, retail to get a 3rd of it

Online retailers could take a Rs 35,000-40,000-crore hit on their FY20 revenues to comply with the revised foreign investment policy, according to Crisil. Brick-and-mortar stores, as a result, may see

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Steadview Capital invests $74M in Ola valuing it at around $6B

Hedge fund Steadview Capital has invested over Rs 520 crore (about $74 million) in ride hailing major Ola. This is a part of the Bengaluru-based company’s ongoing financing round valuing it between $5

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Byju’s ups revenue to Rs 490 cr in FY 18, losses drop by half

Education technology player Think & Learn Pvt Ltd, which owns the brand Byju’s, has been on an upward trajectory in the last year and the momentum has been gaining ground in the New Year as well.

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Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Elevar Equity-backed agritech startups Sabziwala and LivLush (earlier known as Green AgTech) have merged the businesses under a new entity Kamatan. The rationale to create the entity was to me

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Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

Bengaluru based online lending startup Avail Finance has raised $17.2 million in a Series A round that saw participation from the founders of marquee Indian Internet companies including Ola&#3

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RBI suggests tax sops, self-regulation to build fintech space

From suggesting tax rebates to merchants for adopting digital payments to light-touch regulations to help fintech innovations bloom and even suggestions around formation of a self-regulatory b

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Swiggy hires new CEO for its Access Service, gets new CFO

As the competition in the food technology space intensifies, food delivery firm Swiggy is strengthening its senior management team across various operational roles steadily. Swiggy has brought

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Logistics company Delhivery registers 44% increase in FY17 revenues

Logistics company Delhivery posted approximately 44% increase in total revenues to Rs 751 crore during FY17 from previous year’s Rs 523 crore as the company’s losses narrowed margi

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WeWork to acquire one of the oldest social networks, Meetup

There has been no stopping for the co-working giant, WeWork, which has declared its plans to acquire the social network website, Meetup.   Founded in 2002, t

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Qualcomm rejects Broadcom's $103 billion offer

Qualcomm rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantia

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EasyRewardz gets $2 million Series-A funding

Customer experience management company EasyRewardz on Monday announced that it has completed a $2-million series-A round of financing round led by TransContinental Venture Fund, existing angel

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'Anemic' iPhone 8 demand drags Apple shares lower

Apple Inc's (AAPL.O) shares fell nearly 3 percent on Thursday on signs of weak demand for the iPhone 8 that caused analysts and investors to question the company's staggered release st

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Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

Mumbai-based peer-to-peer lending platform Lenden Club has raised $500,000 almost Rs.3.5 crore in equity investment from three major investors Venture Catalyst, Anirudh Damani and an Indian ve

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On festive sales, Flipkart says 65% clients from Tier-II cities

Flipkart said it saw double the volume and value of sales this festive month over last year&#39;s festive month and saw 65% of customers coming from tier-II and beyond. &nbsp;</

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Trending News

Xiaomi pumps Rs 3,500 crore into India business

BlackBuck's out to raise $150M in new round, valuation likely to jump to $800 M

With $21 Billion, Azim Premji among world’s top philanthropists

Google agreed on a $45M exit package for India-origin exec accused of sex abuse

HSBC pegs Zomato's valuation at $3.6 billion ahead of Swiggy

PayU in talks to acquire online payments firm Wibmo for $60M

Quikr close to acquiring refurbished goods marketplace Zefo in all-stock deal

What life looks like after a layoff from an IT company

General Atlantic & Tencent pump in another Rs 80 Cr in ed-tech unicorn Byju's

US Senator Warren vows to break up Amazon, Facebook, Google

SoftBank extends tech reach with $5B Latin American fund

Coverfox hits the market to raise $50M in new financing round

Cognizant faces US lawsuit alleging discrimination

China's Huawei sues US over federal ban on using its products

Germany's Delivery Hero acquires Zomato's UAE biz, invests in India ops

Ahead of deadline, debate rages on e-commerce policy

Flipkart rejigs reporting of Myntra-Jabong head Amar Nagaram

Grofers raises fresh funds from existing investors, valuation hits $425M

Sachin Bansal invests Rs 250 Cr each in NBFCs Altico & IndoStar: Report

I-bank Wolet files $800k suit over Flipkart’s Upstream buy

Flipkart FY18 revenue up 50%, but losses grow 5x

Pine Labs in talks to acquire Amazon-backed Qwikcilver for $100M

India can become 2nd largest 5G market in 10 years: Huawei

Alibaba rival Pinduoduo seeks to raise $1.5B

Twitter Q4 revenue grows to $909M as video ad sales surge

Mukesh Ambani to invest $1.4B in West Bengal, will help e-commerce expansion

Etail may lose Rs 40,000 crore, retail to get a 3rd of it

Steadview Capital invests $74M in Ola valuing it at around $6B

Byju’s ups revenue to Rs 490 cr in FY 18, losses drop by half

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Qualcomm rejects Broadcom's $103 billion offer

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities