Times Internet is making a comeback in e-commerce with Indiatimes Lifestyle Network across a range of private labels in categories such as grooming, apparel, and accessories. This would be the second attempt at commerce by the country’s largest media...
Car and bike rental marketplace Drivezy is looking to raise next round at over $400 million valuation, an almost four-fold jump from the last round when it raked in $20 million in late November. The Bengaluru-based startup is raising $60...
The Indian Government is planning to put checks on discounts and freebies offered by e-commerce firms. Commerce and Industry Ministry is mulling to place an e-comm policy that will keep a check on predatory pricing or behaviour in the interest...
This week 23 Indian startups received funding, of which 19 received a total sum of about $512 million. Among them, Byju's raised the highest investment of about $400 million followed by Ninjacart, which raised $34.6 million. Meanwhile, funding for 4...
In the last couple of years, India has witnessed a rise in numbers of Internet users and online shoppers. The ongoing trend has been paving a way for the digital advertising industry as more number of e-commerce firms are...
Social commerce platform Shop101 was reported to be in talks with Unilever Ventures and Kalaari Capital to raise $10-12 million. And, the first piece of fundraising plan has fallen in place as latter already has wired first tranche in...
India's language internet users are growing at a rapid pace in comparison to English-speaking Internet users. The regional language users have registered 13 per cent growth in the country whereas English users showed only 1 per cent growth in a...
Intra-city logistics solution provider Sagisu has raked in $2.1 million in its seed funding round from notable investors in the US and India. Based out of Bengaluru and New Jersey, the startup will use the proceeds to build its flagship...
Paytm Payments Bank, a solution for financial inclusion has been facing problems after problems since its inception. Even so, the company has seen its financial performance evolve. As per the latest filings with MCA, the company that had earned Rs...
A month after his unceremonious resignation from his own co-founded firm, Flipkart co-founder and ex-CEO Binny Bansal is all set to begin his second innings with a new startup. In his second innings as an entrepreneur, Binny will team up...
Local discovery, rewards, and commerce platform Magicpin that recently scooped up Series C round has recorded 4X jump in revenue in FY18. The Gurugram-based company posted a revenue of Rs 7.64 crore in FY18 from Rs 1.83 crore in...
Swedish caller identification app Truecaller is almost all set to make an entry in India's fintech market with credit business. The company is planning to roll out its credit feature in over 20 cities in early next year. Users when they...
Within three months of acquihiring Bengaluru-based micro-app startup Appsfly, Walmart Labs has taken over another Indian startup in an artificial intelligence field called Int.Ai to boost its tech team in the country. Like Appsfly, where six-member team merged into Walmart's customer experience engineering group,...
When the Delhi High Court decided to act on the Public Interest Litigation (PIL) filed by a Delhi-based dermatologist Zaheer Ahmed, it concluded by declaring a nation-wide ban on e-pharmacies and online sale of medicines. The decision-making bench of Chief...
Neighbourhood food network FoodyBuddy that enables consumers to sell home-cooked food, has raised Rs 6 crore in pre-Series A round from Prime Venture Partners. The Akil Sethuraman, Rachna Rao, and Anup Gopinath led startup will use the fresh proceeds to develop the product...
Mukesh Ambani-led RIL has been aggressively working on its hybrid model of commerce by leveraging Reliance Retail physical store and Reliance Jio Digital infrastructure to boost sales in smaller cities. Now it will use Jio Point stores in smaller cities...
The beginning of December has brought a wave of funds in service marketplace platforms in India. After UrbanClap raising $50 million at a staggering half a billion USD valuation, Housejoy raised about $3.24 million fresh capital. As per the latest RoC...
To promote electric vehicle sales and deter petrol and diesel car buyers, the India government is planning to slap green tax or environment tax on all fossil fuel cars. It plans to use the collected amount to incentivise electric car buyers. The...
Omnichannel health products and services provider HealthKart has been making a steady growth in its segment. Its latest RoC filings with MCA reveal how the company has performed financially in FY18. The Sameer Maheshwari led company clocked a revenue of Rs 188.52...
Ninjacart, an online B2B marketplace that connects farmers and brands to retailers has raised Rs 250 crore in Series B round led by Accel Partners and Switzerland-based Syngenta Ventures. New investors Neoplux, Jo Hirao (Founder of ZIGExN), HR Capital and all...
Video Sharing platforms are seeing phenomenal growth worldwide, both in numbers and fundings. Giants like TikTok and Kwai have risen worldwide to an extent that users are turning into celebrities. Looking at this opportunity, a fashion based social media platform...
Flipkart India, the wholesale arm of the Walmart-controlled e-commerce marketplace has received Rs 2,190 crore from parent entity Flipkart Pvt Ltd. This is the first capital infusion into the wholesale arm after Walmart acquired a majority stake in Flipkart while the...
After reaching out to several governmental departments complaining about predatory pricing and deep discounting exercised by e-commerce marketplaces, small online retailers have written to PMO. The e-commerce majors like Amazon and Walmart are exploiting small sellers, they are controlling India's...
Edtech major Byju's has raised $400 million fresh funds at a whopping $3.6 billion valuation. This also catapults the ten-year-old startup in a league of top 5 most-valued startups in the country. Byju’s entered the Unicorn club this year in March. The...
India's think tank NITI Aayog is developing a device akin to Amazon's virtual assistant device Alexa for countrymen. The idea is to have NLP-driven conversational bots in the future, reaching all corners of the country in multiple languages, said official aware...
Paytm data theft and extortion case has got another twist as Sonia Dhawan's lawyer has withdrawn her bail application following the chargesheet filed by the Noida police. Dhawan's hearing for bail was scheduled for today (December 11) but it didn't happen...
Mattress manufacturing startup Wakefit has raised Rs 65 crore in its first institutional round from venture capital firm Sequoia Capital at a post money valuation of Rs 210 crore. Following the investment, Sequoia will pick up 31.9 per cent stake in the...
Wow Venue, a premium venue booking platform for weddings, corporate, social and MICE (Meetings, incentives, conferences, and exhibitions) events, has raised $1.5 million fresh funding from strategic investor Pranav Pathak. The two years old Mumbai-based startup will deploy the capital towards growth, marketing, hiring skilled resources...
Day by day threats faced by Oyo is increasing as the hotel owners and overseeing bodies start to speak up against malpractices by the Softbank-backed budget hotel chain. As per a warning letter by Federation of Hotel and Restaurant Association...
With a rise in the number of products from China coming in as gifts and violating domestic laws, the Indian government is planning to impose a restriction on the online purchase of goods from Chinese e-com platforms and applications. The...
Foodtech has turned out to be hyper-competitive segment as deep-pocketed players are fighting out to dominate a larger market share. Besides dishing out discounts, Zomato and Swiggy have been offering a slew of features including subscription to make online...
In recent days, there have been several reports of exits and rejig in the top rung of managers of several formidable startups, and the ride-hailing major - Ola - is also swimming in the wave. The top management at Ola...
After Binny Bansal's movement from the active role as Group CEO and Kalyan Krishnamurthy taking up a larger role, all hasn’t been well with Flipkart and its affiliate Myntra. From past few weeks - the rumour has it that...
Within three months of raising $25 million Series C round, fresh meat and seafood brand Licious has scooped up another $25 million in the latest round led by Japan's Nichirei Corp. Early backers 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast...
Google has acquired Where Is My Train, a multilingual app that provides live updates on trains. The search giant has not disclosed the acquisition details. In late August, Google was reportedly in talks to acquire the company for $30-40 million....
Startup lobby group Indiatech.org is in discussion with the government and regulators to allow local startups to list their services on Government e-marketplace or GeM. The government-owned portal that is aiming to reach $25 billion GMV by 2021, facilitates online...
UrbanClap, an on-demand home service provider, recently raised a $50 million funding round from Steadview Capital and Vy Capital at $500 million valuation. As a part of this round, the company has facilitated a secondary sale of ESOPs that will...
The Venture Capital (VC) investors in India have recorded a four-fold rise in exits in nine months this year. They recorded exits worth $19.6 billion in 2018 as compared to $4.2 billion in last year, according to a recent report...
This week 14 Indian startups received funding, of which 11 received a total sum of about $136 million. Among them, Oyo raised the highest investment of about $103 million followed by MoEngage, which raised $8 million. Meanwhile, funding for 3...
After 45 days of arrest, Noida Police have finally filed a chargesheet against Sonia Dhawan her husband Rupak Jain and two others--Devendra Kumar and Rohit Chomwal--who were involved in alleged Paytm data theft and extortion case. The move comes after...
To engage next-generation consumers on its platform, US e-tailer Amazon has launched a new shopping-focused social network Spark in India. Spark, which is the part of Amazon.in site, is expected to lead to discovery-based shopping. It will be available to...
Heavily divested in its far-reaching investment plans, Softbank has been actively recruiting, from country heads to partners. The Japanese investment giant has appointed former Facebook Inc. executive Kirthiga Reddy as a partner in its $100 billion Vision Fund. She is...
A month old appointed panel by the government has recommended to ban all the cryptocurrencies and make a new law to regulate the space. All virtual currencies should be treated as illegal and a new law within RBI's guideline should...
Zerodha has pumped Rs 2 crore in edtech startup LearnApp. The investment was done through Rainmatter, an incubator and investment fund run by the online stock brokerage firm. The Noida-based markets, investment, and trading-focused online video course provider will deploy this...
Within a week of speculation about Oyo raising $103.4 million (Rs 732.73 crore) strategic round from Grab, the company has raised the sum, reveals RoC filings by the company with MCA. The firm will use proceeds towards ramping up...
To prevent abuse on Facebook ahead of India’s general elections next year, the social networking giant has asked Indian advertisers wanting to run a political ad on its platform to confirm their identity and location. The social networking firm has...
Game of scale has intensified in food delivery space as Zomato and Foodpanda have started penetrating tier II and III cities aggressively. Both companies have been ramping up operations in about 100 cities and eyeing stable grounds across the...
Online classifieds and service platform Quikr has raised Rs 55 crore in a venture debt from Innoven Capital. Probably, this external capital infusion has come to the Bengaluru-based firm after 42 months hiatus. Prior to this debt round, the company...
Boodmo, a Gurugram-headquartered autoparts marketplace founded by two Ukranian--Yevgen Sokolnikov and Oleksandr Danylenko--has raised Rs 7 crore in FDI from an undisclosed Ukrainian private investment fund. With the fresh capital, the startup plans to ramp up its warehouse management systems...
There might be several dialogues going on the policy and regulatory front in the last few years but when it comes to data privacy, Indian firms seem to have made no progress. According to the study titled ‘State of Privacy...

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