Two months after the speculations of Foodpanda acquiring Holachef, the Ola-owned foodtech company has finally acquired the Mumbai-based food delivery startup on World Food Day. The financial details of the deal has not been disclosed, however, industry experts believe that the acquisition...
The latest RoC filings of PolicyBazaar reveal that the company has suffered a loss of Rs 9.43  crore in FY18 with a revenue of Rs 159.36 crore for the same time frame. Company’s income saw a tremendous spike of 224.83...
While cloud around WhatsApp Pay launch seemed to have got over as it recently announced local system to store data in India, NPCI officials believe that it's not fully complied with regulations. Citing NPCI officials, an ET report disclosed that the Facebook-owned...
SaaS-based startup that gives personalised performance inputs to employees, Worxogo has raised Rs 16.5 crore from Inventus Capital and Ideaspring Capital. The Bengaluru-based AI startup will use its Series A round of funding to enter the US market. Incorporated in 2014,...
Flipkart’s Big Billion Days and Amazon’s Great Indian Festival has come to an end, and now it’s time for the performance review. In this year’s festival sale both the companies have managed to almost double their sales and GMV (Gross...
Acquisitions in microdelivery, especially in the milktech segment has become the latest phenomenon in India. After Swiggy and Bigbasket's acquisition over SuprDaily and Morningcart respectively, Dailyninja has acquired Hyderabad-based WakeupBasket. The development comes within a month of DailyNinja's $5 million funding round...
Security management solutions provider myGate has raised Rs 65 crore in Series A round led by existing investor Prime Venture Partners. In January, Prime Venture had infused Rs 16 crore into the Bengaluru-based startup. With the fresh capital, myGate aims to take...
Softbank-backed hospitality firm Oyo has launched operations in the United Arab Emirates (UAE). This is the sixth overseas market foray by the company. It has launched operations with over 10 inventory franchised and operated hotels in Dubai, Sharjah, and Fujairah...
Ola founders--Bhavish Aggarwal and Ankit Bhati along with MacRitchie, who sought CCI approval to increase their stake in parent entity ANI Technologies, has got the final nod from the competition watchdog. The Competition Commission of India (CCI) has announced that it has...
Since the day RBI issued the diktat for foreign internet and financial companies to comply with newly formed data localisation policies, multiple US companies, apart from WhatsApp, have been fighting against it. Recently, a meeting was held between RBI’s deputy...
Chinese smartphone maker giant, Xiaomi is planning to enter consumer financing and B2B lending in India. The company will float new NBFC 'Xiaomi Financial Services India' and seeking RBI licence for it. According to the latest regulatory filing by Xiaomi, the new...
After launching its cloud subscription program for the Indian audience, search engine behemoth Google is planning to launch Shopping tab for users in the country to search for products to buy. The Shopping tab will be piloted soon before the...
Amazon largest seller Cloudtail, which was in limelight for being profitable in FY17, has registered Rs 4.1 crore loss in the fiscal year ending on March 2018. However, the joint venture between Amazon and NR Narayana Murthy's family office...
This week 12 Indian startups received funding, of which eight received a total sum of about $261 million. Among them, Zomato raised the highest investment of $210 million followed by Blackbuck, which raised $27.3 million. Meanwhile, funding for four of...
The year 2018 would be counted as one of the best periods for foodtech unicorn Zomato. Right from fundraising to monthly order run rate and launching subscription-based loyalty programs, the Gurugram-based company has been leading from the front. After raking in...
Grocery is going to play a pivotal role in deciding the winner in the Indian e-commerce space. And, top-tier horizontal e-commerce majors including Flipkart, Amazon, and Paytm Mall have been busy ramping up the segment organically as well as...
Used goods marketplace GoZefo has raised around $3 million led by New York-based FJ Labs. Existing investors of the Bengaluru-based startup such as Sequoia Capital and Helion Venture Partners also participated in the round. According to a VCCircle report, FJ Labs (co-founded...
Online dating startup Betterhalf.ai has raised a seed funding of $500,000 from former Google India managing director Shailesh Rao, former Flipkart investment director Vinay Subramanian, FirstPenguin Capital’s Rehan A Khan. Other senior leaders from Google, Uber, and Amazon also participated in...
When the two largest e-commerce giants in the country start their festive season sale at the same time, the question of who is winning the fierce battle becomes inevitable. According to Flipkart CEO Kalyan Krishnamurthy’s conversation with reporters, Amazon is...
Google has finally launched its cloud subscription program for the Indian audience. The low-cost storage plan will provide expanded user storage that spans across its products such as Google Drive, Gmail, and Google Photos. Launched in May this year, Google announced it...
Update: UCWeb has denied the report of Paytm in talks to acquire its India business. The firm has released an official statement regarding the matter. *Media reports have stated that Paytm is in discussion with UCWeb for an acquisition of...
Rivalry in foodtech space in India is at its peak. Zomato, Swiggy, foodpanda, and UberEats have been competing fiercely to dominate larger pie of online ordering. All four are chasing growth by subsidising customers as well as restaurants heavily...
While the deadline for data localisation for foreign payments players is around the corner, RBI is leaving no stone unturned to level playing field for all firms with its strong diktat. According to a Reuters report, the banking watchdog will...
Over the past few months, there have been strong rumours that Google is planning an e-commerce play in India this Diwali. While Diwali is around the corner, we don’t see any sign of search giant preparing for the horizontal...
With Rs 9,337.7 crore revenue in FY18, Google India has gotten close to 10,000 crore earning mark.  As per Tofler report, the revenue has made a small jump of 29 per cent from the Rs 7,239.5 crore figure in  FY17....
Digital payments firm Mobikwik has acquired wealth management app Clearfunds. The deal also paves the way for the Sequoia-backed company in wealth management space. The development comes soon after, Mobikwik's announcement of instant credit loan called 'Boost' in the range of Rs...
Started as bootstrapped firm, LetsTransport has bagged a funding of $12 million in Series B round led by Fosun RZ Capital. The round also saw a contribution of two other Japanese investors whose names haven’t been disclosed yet. The China-based...
Flipkart co-founder Sachin Bansal may invest around $100 million in ride-hailing major Ola. If the deal goes through, it would be the largest fund through personal capacity in India. Bansal's interest in Ola cropped up during the Bengaluru-based company's last funding...
Co-working space provider Innov8 has raised $4 million in pre-Series A round led by Credence Family Office. The Delhi-based startup's existing investors also participated in the round. While Innov8 counts several bluechip angels including Rajan Anandan, Vijay Shekhar Sharma, Girish...
Furniture retailer Pepperfry has witnessed positive outcomes in FY18. The financial statement for the last fiscal recorded a 20 per cent growth in revenue to Rs 308.46 crore from Rs 257.96 crore in FY17. The Goldman Sachs-backed company has also managed to...
The Indian arm of IDG Ventures managed by Sudhir Sethi and TCM Sundaram, has changed its name to Chiratae Ventures. Apart from the renaming, it will carry forward their three original funds with $470 million corpus under Chiratae as well....
Zomato had recently declared lead over its rival Swiggy as it achieved 21 million monthly order run rate. While this lead could be ephemeral and likely to be driven by massive discounting, the Alibaba-backed company has been launching several...
After the Google+ data leak affecting about half a million people, Google has taken major steps to ensure greater privacy and security of user data. Apart from pulling back Google+ from the general masses, the search engine also revamped its...
After FSSAI order to delist non-licenced restaurant partners, all foodtech players including Zomato, Swiggy, Foodpanda, and UberEats had initiated the process to remove non-compliant restaurant partners from their platform. Now, all of them have disclosed the number of restaurants axed from their...
Online beauty and personal care product retailer Nykaa is in talks with SoftBank to raise about $150-200 million. If the deal goes through, the Mumbai-based startup will be valued in the range of $700-800 million. The company’s valuation was around...
After a security breach in Google +, Alphabet, the parent company, has decided to shut down the failed social network. The breach entails that the data of around 5,00,000 users has been exposed to hundreds of external developers. Through a blog,...
As all e-commerce platforms are in the final leg of their flagship festival sale, Amazon and Flipkart had recently launched interest-free instant credit option to lure more customers in the season. Based on credit history and previous shopping patterns, both...
Following the diktat of Reserve Bank of India (RBI), WhatsApp is setting up servers to store financial data in the country. The apex banking body has given a deadline of October 15 to comply with the mandate. “In response to...
Soon after All India Bakchod (AIB) decision to stop their co-founders Tanmay Bhat and Gursimran Khamba from taking part in any company's activity, Hotstar has cancelled the production of third season of 'On Air with AIB'. On Air with AIB features a...
CarDekho that recently scooped $75 million Series C round has demonstrated improved financials in FY18. The Jaipur-headquartered firm reduced losses to half to Rs 70 crore in FY18 from Rs 135 crore in the preceding fiscal. The company’s revenue...
Global human resources consulting firm Mercer has acquired Mettl, a Gurugram-based online talent assessment firm for an undisclosed amount. According to the US-based company, the acquisition marks its entry into the global talent assessment market and further enhances its position as a trusted strategic...
DigiLocker, a government-owned document storage platform, has made a breakthrough in the digital revolution in the country. “Ministry of Civil Aviation will now officially accept DigiLocker docs as valid ID documents in airports, security control of airline passengers etc.,” reads...
Following the #MeToo movement, where All India Bakchod (AIB) comedian Utsav Chakraborty was accused of sexual harassment, the company's co-founder and one of the famous personalities in the stand-up comedy genre, Tanmay Bhat is stepping away from his position. AIB...
E-commerce in India is known for discounting and running loss-laden businesses. While the practice along with convenience and large assortments have been making consumers to drive 2 million e-commerce order volume every day, the consistent discounting element has always...
Overseas Private Investment Corporation (OPIC), the USA’s government arm of advancing the growth of American businesses by helping them invest in emerging markets, is eyeing Indian late-stage startups as potential investment opportunities. It is keen on investing in Series B,...
Early celebration often leads to disappointment in sports, especially in cricket. As fans across the world were celebrating Indian test cricketer Prithvi Shaw century, foodtech major Swiggy and Freecharge, known for their witty and well-timed tweets, also posted congratulatory messages. However, Swiggy and...
Online logistics solution provider Blackbuck has raised Rs 202 crore in a fresh round from new investor Sequoia Capital with the participation of existing investors such as Accel Partners and Sand Capitals. According to regulatory filings with MCA, Sequoia has...
The neck to neck battle amongst e-commerce marketplace players is going to become more fierce in their upcoming flagship sale. As Amazon, Flipkart, and Paytm Mall are aiming to lure more customers through discounts, smartphone sales definitely will have...
Swedish furniture major IKEA is planning to invest over Rs 3,000 crore for upcoming three fulfilment centres in Mumbai, Bengaluru, and Delhi. After launching in Hyderabad in August, the company had already hinted that it would open the second store...
Grocery is the next frontier for large scaled horizontal e-commerce companies. Sensing a fierce competition from the likes of Amazon and Flipkart, BigBasket and Grofers have been devising several strategies to stay ahead of deep-pocketed rivals. While Bigbasket has...

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