In bid to make iVOOMi most known brand in the world, Chinese electronic firm has announced to invest Rs 250 crore in India.
Alibaba mobile business group, a wing of Alibaba Digital Media and Entertainment,has announced Damon Xi as the head of UCWeb for India and Indonesia. In his new role, Xi will be in charge of the UCWeb ecosystem along with content cooperation...
Bengaluru police conducted a search operation at Ola offices across the city over copyright issue on a complaint by Lahari Recording Co. Police seized hard disks and other electronic devices over a complain, that the songs had been illegally downloaded...
Discussions between Amazon and Bigbasket over a potential acquisition by the former is stepping closer to reality with each passing day. According to a recent report by TOI, Amazon has entered into a 60-day exclusivity agreement with Bigbasket for...
Global ride-hailing platform Uber backed food delivery business UberEats has expanded its coverage to Mumbai. The company also appointed Viral Jhaveri as General Manager to scale the business in the city. Commenting on the appointment Bhavik Rathod, Head of UberEATS...
The Viral Fever (TVF) CEO Arunabh Kumar has stepped down from his position following allegations of sexual misconduct. An FIR was filed against him at two Mumbai police stations (MIDC and Versova) for allegedly harassing an ex-employee of his firm....
Amazon India owned -- Amazon Transportation Services (ATS) has received Rs 207 crore from Amazon Corporate Holding Singapore and Amazon Malaysia
Food delivery start-up Foodpanda is expanding its food delivery services to restaurants across cities including Delhi, Mumbai, Gurgaon, Hyderabad, Pune and Bangalore. Foodpanda, will now be working as third party logistics partner to its restaurant base after running the pilot...
Flipkart and eBay India deal has got the nod of Competition Commission of India (CCI), according to a tweet by the fair trade regulator. Besides, CCI has also approved eBay Singapore's subscription of compulsorily convertible preference shares (CCPS) issued by...
Fall in incentives for drivers is causing headache for ride-hailing services Ola and Uber, who are now facing crunch in supply of cars. According to a report by RedSeer Management cab affiliation to their platforms have dropped by almost...
Foodetech startup EazyDiner has named Indian cricketer Yuvraj Singh as its brand ambassador and investor. EazyDiner was launched by one of the top food critics and Journalist, Vir Sanghvi along with India's top hoteliers and restaurateurs. All the nitty grittiest...
Mobike, a China-based bike sharing platform, has raised a funding of $600 million led by Tencent Holdings, as first reported by the ET. Besides Tencent, its existing investors such as Sequoia, TPG and Hillhouse Capital also provided financing in the latest round....
Responding to a tweet enquiring about Tesla’s plan to introduce its vehicles in India, the company’s CEO Elon Musk replied that he is in discussions with the government of India and has requested temporary relief on import penalties/restrictions until...
Health tech startups Multiplier Solutions and ABI Health have raised $1.5Mn each from Norwest Venture Partners. The primary objective of the investment is to merge the Hyderabad-based Multiplier Solutions and Bengaluru-headquartered ABI Health.
Jack Ma, founder of Chinese e-commerce giant Alibaba, believes that his company will be worth more than the world’s fifth-largest economy, bigger than United Kingdom and France, and create 100 million jobs in next twenty years. “If a company can...
After being in controversy for seeking medical reports of rape victim last week, Uber was sued second time by the woman on Thursday. The company along with its founder Travis Kalanick and former executives Emil Micheal and Eric Alexander were...
Founder of Paytm, Vijay Shekhar Sharma is reportedly buying his dream home in Delhi lutyens’ zone. Sharma sets to buy Rs 82 crore worth residential property at New Delhi's Golf Links.
Growfitter, a health and fitness discovery platform, has raised $600,000 in its pre-Series A funding round from San Francisco-based venture capital firm SQue Capital
Healthcare focused venture capital firm Healthquad has closed Rs 75 crore to invest in thematic and disruptive healthcare business models in India. The fund is also the first early stage investment vehicle by the leading healthcare private equity investors,...
Coursera, an online education platform, has secured $64 million in a series D funding round from its existing investors. The latest round of investment came from GSV Asset Management, NEA, and KPCB, the company said in a statement.
Venture capital (VC) firm Lightbox may raise a new fund next year after completing the last few investments from its current fund
Stockal Software Private Ltd, an app based investment advisory service, has raised $350,000 from its existing investors. This is the second round of funding for the Bengaluru based company, reported VCCircle.
A case of mix-up and confusion has led to the rebranding of one of India’s most well-funded and valuable Software as a Service (SaaS) start-ups, Freshdesk Inc
Gurugarm based Roofpik, a real estate and broker review platform has acquired Shoppist in a cash and stock deal
Bengaluru based Fintech consumer lending startup MoneyTap has raised $9 million in series A led by Sequoia India. The exiting investors New Enterprise Associates (NEA) and Prime Venture Partners also participated in the funding round. This brings the total...
Sundar Pichai, got a stock reward of almost $200 (approximate Rs 1291 cr) compensation package last year
Myntra, fashion retailer owned by Flipkart, as part of its brand accelerator programme has teid up with two women's apparel brands- western wear brand Chemistry and ethnic wear brand AKS
With ecommerce spend beginning to hit critical mass, government of India plans to make online shopping a part of the national economic data base
Uber announced it has helped save 9,36,000 lites of petrol and reduce 2622 metric tonnes of carbon emissions
DEN Network is exiting from TV commerce business to focus on cable and broadband segments by selling its entire stake in Macro Commerce Pvt Ltd.
The managerial movement is continuing in Flipkart. Two days after Flipkart’s chief operating officer Nitin Seth resignation, the company’s two senior executives have also resigned from the company
Amazon Technology has reportedly filed a patent for propeller technology to ensure that automated aerial vehicles (AAVs, aka drones) don't hit humans or animals while carrying packages
In a recent development, Bank of Baroda is in talks with Snapdeal-owned mobile wallet firm FreeCharge. Besides, Times Internet and larger rival Paytm are also in acquisition talks with the wallet firm
Mumbai based, beauty product discovery platform VanityCask has raised seed funds from Singapore-based angel and venture capital firm RB Investments. The amount raised is undisclosed.
Alibaba Pictures, an affiliate of Alibaba Group has acquired a majority stake in online ticketing platform, TicketNew for an undisclosed amount
Cab aggregator Ola has raised $50 million (Approx Rs 322 cr) funding from NY hedge fund Tekne Capital Management. The recent funding from Tekne Capital takes Ola’s total capital raised to date to about $2.4 billion.
Fireside Ventures has secured venture capital fund from some of Indias top businesses, including promoter Azim Premji's PremjiInvest, consumer goods maker Marico's Mariwalas and RP-Sanjiv Goenka Group
Bitcoin startup Coinbase is in talks with investors on raising new round of funding at a valuation of more than $1 billion
Internet companies are rushing to name Bollywood stars as their brand ambassadors. Now, online food delivery company Foodpanda has named Shah Rukh Khan as its brand ambassador
Canada-based billionaire Prem Watsa's Fairfax Holdings has backed general insurance startup, DIGIT. Watsa has partnered with Kamesh Goyal, a former Allianz executive who led the German insurer's business in India.
Eric Alexander, head of Uber’s Asia Pacific business, is no longer with the company amidst reports that he secured medical records of the woman who was raped by an Uber driver in Delhi in December 2014
After Awfis secured mega round of $20 million, Bengaluru based BHIVE Workspace has raised $1.2 million in a fresh round led by Blume Ventures
Goomo, an online travel and holiday booking platform, has raised raised $50 million (Rs 321.6 crore) from Mauritius-based private equity firm Emerging India
Subscription-based daily needs platform Supr Daily has raised Rs 10 crore from a consortium of Silicon Valley angels. According to the Economic Times report, Soma Capital, Great Oaks Ventures, 122 West Ventures, Y combinator partners - Paul Buchheit, Jared...
With his net worth climbing $2.8 billion overnight and $8.5 billion this year, Alibaba's Jack Ma has now become richest person in Asia and 14th wealthiest in the world.
Private equity firm KKR & Co. has raised $9.3 billion for its investments in Asia Pacific region, under fund name KKR Asian Fund III
Collateral Medical, an online distributor of medical devices, has raised $3.5 Million in a Series A investment from Carpediem Capital. The company will use the fund towards strengthening the company’s distribution capabilities, expanding the service network and strengthening the IT...
Whatsapp, a US-based messaging app, has once again become the most downloaded application on Google Play Store in a country of 1.3 billion citizens, whereas Truecaller out ran Facebook
The churning at the top level at Flipkart is continuing. Now, Flipkart's chief operating officer Nitin Seth is in the news, and is said to have put in his papers for personal reasons, according to an ET report.
Digital Media firm ValueFirst has acquired Octane, a marketing technology firm based out of New Delhi. It was a cash-and-stock deal, however the amount involved in the deal remains undisclosed. According to the company statement, Valuefirst will keep the Octane...

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