Last year, cryptocurrency such as Bitcoin and Ethereum took the world by storm. In a span of twelve months, it rose from $900 to $20,000. It became a marquee attraction for investors and everyone suddenly wanted to ride on...
Ekta Kapoor-owned Balaji Telefilm’s OTT (Over-the-top) platform ALTBalaji has added 2.1 million users in Q1 FY19. According to a report by Television Post, as on 30 June, 2018, ALTBalaji’s user base stood at 3.3 million. It had added 1.2...
Ultraviolette Automotive, an electric two-wheeler and energy infrastructure startup has raised Rs 6 crore in extended Series A round from TVS Motor Company. Earlier in December, last year, TVS Motor had infused around Rs 5 crore for about 15 per cent...
In an attempt to implement data localisation in India, the Indian government has first asked Amazon to set up local servers in the country. The government believes the move will check unbridled cross-border migration of data without users’ consent. Talking...
In absence of the Reserve Bank of India clarification on data storage, the global payment firms may not meet the apex bank deadline, which is till October. With only two months left to relocate the data sets, it is not...
To strengthen its play against Walmart and Alibaba, Amazon has invested Rs 2,700 crore ($386 million) in Indian unit. The online marketplace would deploy fund towards building warehouses, marketing, and increasing product assortment. With this fund infusion, Amazon has...
Scooter sharing startup Vogo has raised around $6-7 million in its Series A round led by Ola’s parent ANI Technologies and Hero MotoCorp chairman Pawan Munjal. The funding round in the Bengaluru-based startup also witnessed the participation of existing investors...
With 500 million customers, Future Retail seems to be sitting on a goldmine of data which it plans to exploit to raise funds from foreign investors. The company’s boss Kishore Biyani has confirmed that he may close a deal...
The paper leaks have become quite a common phenomenon. Whether it is board exams or competitive ones, there often come reports of paper leaks. The Central Board of Secondary Education (CBSE), which has more than 20,000 schools in the...
In a welcome news this morning, it was reported that ISRO plans to incubate space startups in India. The government-owned space research organisation will target those startups for incubation purposes that aim at creating applications and products as well...
Payments banks, which have so far failed to make any dent in the new-age banking system, further see a huge threat from mobile wallet companies. The mobile wallet ecosystem which is continuously evolving and soon going to adopt interoperability, that...
Mukesh Ambani-owned Reliance Jio is planning to roll out its broadband service JioGiga Fibre within next two months at around 50 per cent lower rate. Jio is eyeing to commercially launch Jio Giga Fiber, which includes high-speed, wired, broadband service...
Paytm parent One97 Communications and AGTech Holdings have put in $16 million in Gamepind, a joint venture between both Alibaba-backed companies. Following the deal, the joint venture also appointed former Paytm executive Sudhanshu Gupta as its chief operating officer. Gupta will...
In an attempt to strengthen the information base and track children living in shelter homes, Aadhaar cards of over 30,000 children have been linked to the Track Child portal. The portal functions as a central database of all missing children. It...
This week 18 startups received funding, of which 10 received a total sum of about $188 million. Among them, PhonePe raised the highest investment of $66 million, followed by ZipGo which raised about $44 million. Meanwhile, funding for 8 of...
Recently, UNESCO published a report on Internet Service in which India topped the list in Internet shutdown, an intentional disruption of the Internet service to control communication or online content or slowing down the access to the general public....
Hotel brand Oyo is on expansion spree. While expanding its operations in overseas such as China, London in recent times, the SoftBank-backed company also acquired startups to prove its mettle besides hotel brand segment. The latest acquisition is Weddingz, an...
The Competition Commission of India (CCI) may order a regulatory probe in pre-Independence Day sale discounts exercise practised by online marketplaces such as Amazon, Flipkart and Paytm. Discounting practice by online retailers is explicitly banned. “The issues concerning FDI (foreign direct...
With $4.5 million funding in its pocket, hyperlocal micro-delivery platform DailyNinja has made its first acquisition in Hyderabad. With plans to expand its operations in the city, the milk-tech player has consolidated Hyderabad’s local milk and daily essentials delivery...
The government, which left no-stone-unturned to stop cryptocurrency trading in India, is planning to launch crypto tokens for financial transactions in the country. It is also considering to replace smart cards with such tokens. In the public sector, crypto tokens...
E-commerce marketplace Shopclues, discarding the fact that it's going through tough time, has claimed to be on the right path and also raised about $16 million from existing investors this year. The company last raised $7.5 million in debt in...
In spite of having the second-highest number of active Internet users in the world, India has only 160 Mn (40 per cent of 390 Mn active users) who transact online. On average, India adds 40 million new internet users per...
Sequoia Capital-backed edtech startup Unacademy is in advanced talk to acquire online exam preparation platform WiFi Study. The negotiation has been on for past six weeks, and both parties have been agreed for the deal, said three sources aware...
After 4 months of being in stealth mode, IndiaTech.org, the lobby group has once again come up with a new CEO on board. The lobby group has appointed Rameesh Kailasam as the new acting CEO after the resignation of its...
Indian Internet space has been notorious for not offering exits to investors. Over the years, many venture capitals (VCs), experts, and media have been lamenting over clogged exit funnel, time and again. However, with Flipkart acquisition by Walmart, concerns...
Payments major Paytm has acquihired savings management application Balance Tech for an undisclosed amount. With the acquisition of the Bengaluru-based startup, Paytm aims to enhance its users and merchant interface. Following the deal, Paytm will absorb six-member team of Balance...
With the change in name from Metro Bikes to Bounce, the two-year-old motorcycle and scooter-sharing startup has bounced back with $12.2 million funding raised from Sequoia India and Accel Partners, along with a consortium that includes Raghunandan G, founder of...
After studying Indian market for over a decade, Sweden-based furniture giant has opened its first store for people in Hyderabad's Hitec City on Thursday. The 400000 square feet outlet has around 7500-8000 products. Knowing the price-sensitive nature of Indian buyers,...
After e-commerce, digital payments has turned out as fierce battle ground for global heavyweights - Alibaba (via Paytm), Google (via Tez), Facebook (via WhatsApp) and Walmart (via PhonePe). To ramp up its stake against well capitalised rivals, Flipkart has...
After a long debate over FDI in e-commerce and predatory pricing, Walmart acquisition of Flipkart has been approved by the Competition Commission of India (CCI). Since the acquisition of 77 per cent stake for $16 billion announced in May, the deal...
Indian cricketer, Mahendra Singh Dhoni has picked up a 25 per cent stake in Chennai-based sports tech startup Run Adam for an undisclosed amount. Following the deal, Dhoni will be the brand ambassador and mentor of the analytics-based full stack...
Mobile application management platform Hansel.io has raised $4 million in a round led by Vertex Ventures. Existing investors of the Bengaluru-based startup such as IDG Ventures India and Endiya Partners also participated in the financing round. A major part of...
Mobile banking has recorded a peak in the volume of transactions for the month of June. According to the latest RBI data, mobile banking transactions climbed up to around 14.42 per cent to 306.42 Mn from 267.78 Mn in May....
Government draft on e-commerce policy has become a matter of strong contention between e-commerce behemoths backed or owned by foreign investors, government and Mukesh Ambani-led Reliance Group. Expressing their disagreement over the draft that demands exclusive localisation of e-commerce...
After years of debate over app-based cab service in Goa, the state government has finally come up with a solution to solve the long-running pain point of tourist as well as taxi drivers. State chief minister Manohar Parrikar who launched...
E-commerce and hyperlocal focused B2B logistics platform Shadowfax has raised $22 million in Series C funding led by Nokia Group Partner (NGP) Capital. Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures also participated in the round. The Bengaluru-based...
Chinese e-commerce giant Alibaba is all set to merge food delivery platform Ele.me and food and lifestyle firm Koubei to raise next round of investment to fight its rival Tencent-backed Meituan Dianping. The largest Chinese Group is working on fundraising...
In May this year, Entrackr broke the news that Gurgaon-headquartered hotel brand Oyo has entered China in partnership with China Lodging Group.   Now, within months of launching operations in China, Oyo’s business is fast emerging in the country. It...
Assisted e-commerce platform ShopX, which partners with retailers and local kirana store owners in smaller towns, has raised $35 million from Fung Strategic Holdings. The Bengaluru-based B2B firm will infuse the capital to strengthen its products, team and to expand...
In a move that will help Chinese handset maker Xiaomi further its expansion in India, its key component suppliers, Holitech Technology has announced to set up a plant with an investment of Rs 1400 cr ($200 Mn) over three...
The Internet is not just a means to gather a variety of information and make communication, but it is now a basic right. The denial of the right of use of the Internet will be a curb on freedom...
Business has to either make money or raise funding to stay afloat. While making money has not been a priority at all for e-commerce companies in India, raising capital is the only option left for covering mounting losses. Be...
Rumours and scaremongering against Aadhaar is still continued. The recent case was the appearance of Aadhaar helpline number into several mobile phone users which blew into a full controversy, receiving heavy public outrage. Initially, the Unique Identity Authority of...
So far, 2018 has been an eventful year for US-retailer Walmart in India. It acquired India's largest e-commerce firm Flipkart and has been piloting second fulfilment centre in Lucknow. It has been trying and executing every move to have...
The recommendation of Reserve Bank of India over data localisation is believed to be a major hurdle in offshore tech firms, especially who are eyeing to join UPI bandwagon. While Facebook-owned WhatsApp still struggling to launch its UPI-based payments service,...
Xiaomi is not only a mobile phone company in China but also deals in finance and entertainment. In the past one year, the handset maker is also trying to replicate the China model in India and has been investing...
After making unexpected entry into the streaming video, Times Internet acquired MX Player, an offline video player, is planning to disrupt the space through heavy investment in original content. In the first year, it has planned 20 original show in...
TPG Growth, Ronnie Screwvala-led Unilazer Ventures, and IDG Ventures India have sold part of their stakes in eyewear retailer Lenskart in a secondary transaction deal. While existing investor TR Capital upped its stake in the Delhi based firm, two new...
Last week, Flipkart had cut all ties with its largest (once upon a time) and oldest in-house vendor - WS Retail. The history of WS Retail goes back to 2009 when Flipkart was an early stage startup. Founded by...
Confidence of investors in shuttle services have bounced back in a big way. After Shuttl funding, ZipGo has raised about Rs 300 crore (approx $44 million) Series B round from Essel Infra, an infrastructure arm of the Essel group....

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