Mukesh Ambani-led Reliance Jio’s market share growth has accelerated and climbed a notch higher to its competitors in recent months. The prime reason being the higher sales of its feature phone, which has led to an increase in its...
In an innovative move, e-commerce giant Amazon has launched ‘Prime Reading’ and opened its unlimited database on Kindle for Prime users. It means that Prime members can now get access to unlimited reading of best-selling e-Books at no additional...
Soon after Flipkart acquired speech recognition startup Live.ai, the Walmart-owned e-commerce marketplace gave hint to acquire more startups in the field of artificial intelligence and machine learning. Living up to its word, the Indian e-commerce major has acquired an Israel-based...
Student accommodation startup Stanza Living has raked in $10 million in its Series A round led by Sequoia Capital with the participation of existing investors Matrix Partners and Accel Partners. The fresh funding for Stanza Living comes after a gap...
Soon after raising $35 million Series C fund, online pharmacy NetMeds has acquired e-consulting portal JustDoc in a cash-and-stock deal. Following the acquisition, which is believed to be about $1 million deal, the whole team of JustDoc will be absorbed...
India's hotel chain Oyo has raised $1 billion round fund from existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners. The investors have put in $800 million now, with commitments for rest $200 million in coming months. The...
Cybersecurity startup Sequretek has raised Rs 27 crore in a bridge round led by existing investor Unicorn India Ventures and GVFL. The round also saw participation of Sharad Sanghi, MD & CEO, Netmagic. With fresh proceed, Sequretek would foray into...
Paytm is planning to build a whole financial sector in itself. A few weeks after launching Paytm Money and introducing mutual funds distribution its app, the newly launched financial platform is aiming to sell shares of listed companies via...
A month after Flipkart and its online fashion store Jabong launched their loyalty programs, fashion e-tailer Myntra has now come up with a fashion-centric loyalty program called Myntra Insider. Myntra Insider is based on engagement and consumer behaviour and primarily...
Digital payments major Paytm's popularity is not unknown be it metros, small town or even in villages. Besides dominating the online mode of payments, the Alibaba-backed company has been expanding its offline presence through small shops, organised retails and merchants. Driven...
Online community for travellers Tripoto is raising around $6 million in fresh funding led by two new investors including a Chinese group. Existing investors including IDG, GWC Innovator Fund, and Outbox Ventures will also participate in the financing round. “Tripoto...
Social networking firm Facebook has appointed Hotstar CEO Ajit Mohan as head of India operation. Mohan will take up the role of managing director and vice-president of Facebook India from early next year, according to the Facebook statement. He will...
After reporting successive growth year-after-year, the growth of ride-sharing platforms has suddenly stagnated in India. The two biggest ride-sharing companies Ola and Uber have witnessed a very small percentage of growth in rides compared to previous years. The recent data...
Amidst acquisition talks with global ride-hailing company Uber, Dubai-based Careem has acquihired bus shuttle service app Commut, a Hyderabad-based startup. Careem will only take over Commut’s talent and technology, while customers and drivers will become part of another bus aggregator Shuttl, one...
In September last year, China’s digital payment platform Alipay (owned by Alibaba) launched the world’s first facial recognition payment system. The new technology allows customers to pay by literally flashing a smile. After a year, Alibaba-backed Paytm is planning to...
Indian cab-hailing firm Ola is in talks with Naspers LLC to raise next round of funds at double valuation. The ride-hailing firm is looking to raise $1 billion. It has been in talks with Naspers to raise funds at $8...
WhatsApp has been under the fire from Indian regulators for reasons ranging from inability to curb fake news menace, circumvention around policy for its payments business and storing users data in local servers. In a first step towards addressing...
Soon after getting $50 million capital infusion from Hong Kong-based Sailing Capital and China-Eurasian Economic Cooperation Fund (CEECF), cab-hailing firm Ola has got fresh funding of Rs 50 crore from its parent entity ANI Technologies. According to data sourced by Paper.vc via RoC...
As RBI's data localisation deadline is going to be ended soon, digital payments platforms in India seem to be at loggerheads with offshore players. Soon after Paytm's allegations on Google Pay over sharing data with third parties for monetary gains,...
Tractors and Farm Equipment Ltd (TAFE), one of the largest tractor manufacturers in the country, has rolled out a nationwide expansion of its farmer-to-farmer tractor aggregation app 'JFarm Service'. The app leverages technology to provide free-of-cost access to fulfil farmer to...
The government is no mood to give any relaxation to social media platforms like Facebook, WhatsApp and telegram while fixing their responsibility for ensuring the platforms remain unaffected by harmful content such as fake news, child pornography, and cyber...
This week 17 Indian startups received funding, of which twelve received a total sum of about $286 million. Among them, ShareChat raised the highest investment of $100 million, followed by Livspace which raised about $70 million. Meanwhile, funding for five...
Zomato has demonstrated financial results pretty much in line with its Chief Executive Deepinder Goyal’s past projection. The Alibaba-backed company has recorded 40 per cent growth in revenue to Rs 466 crore in FY18 from Rs 332 crore last...
Directorate of Enforcement has attached immovable properties and bank balances worth Rs 42.88 crores owned by Amit Bhardwaj and his accomplices. Bhardwaj along with several others had allegedly cheated thousand of investors through a Singapore registered Bitcoin trading scheme...
While the digital payments players in India throng for online transaction share, bringing offline merchants on their platform has also played a significant role where Paytm and PhonePe lead the show. One of the early adopters of UPI and QR...
China’s online food delivery Meituan-Dianping launched IPO on the Hong Kong Stock Exchange on Thursday. The company raised $4.2 billion from its IPO, pricing its shares near the top of its target range. The company’s shares closed at HK$...
Fintech lender Qbera has raised $3 million in all equity deal from E City Ventures, a subsidiary of Essel Group. This is the first institutional round for the digital lending startup. Qbera will use the proceeds ramp up its technology, swelling...
Social networking site Facebook and its messaging app Whatsapp are among the top platforms for merchants to sell their goods and services. "About 89 per cent of merchants use Facebook and 83 per cent use Whatsapp as the social business...
Online food delivery firm Swiggy last month acquired Mumbai-based on-demand delivery startup Scootsy. Early this month, it acquired a small milk delivery start-up in Mumbai called SuprDaily.   The two back to back acquisitions further sealed the speculation of Swiggy’s...
Continuing its tirade against foreign payments firm over data localisation and privacy concerns, home-grown digital payments player Paytm has once again lambasted Google and alleging that its payments arm Google Pay is sharing financial data to third parties and...
The e-commerce firms running in India have only ten days left to register for goods and services tax (GST) in all states. Foreign players such as Amazon, Google, and Apple operating in the country also have to comply with it...
Google, which recently rebranded its Google Drive storage plans with Google One, is planning to launch the repackaged cloud storage subscription plan in India soon. Launched in May this year, Google is gradually expanding the service in different parts...
HRTech startup Leena AI, which recently graduated from Y Combinator, has raised about $2 million seed fund from investors including Elad Gil, Snapdeal founders-Kunal Bahl, Rohit Bansal, Fundersclub, cathexis ventures, and others. During Y Combinator's summer class 2018, Leena had also...
Milk and grocery delivery startup DailyNinja has raised another round fresh led by Matrix Partners with participation from existing investors Sequoia India and Saama Capital. The fresh capital for the Bengaluru-based startup comes just after three months when it...
Two sets of lobbies are arguing hard for and against of data localisation in India. After hearing plenty of arguments against data localisation from the likes of Google's Sundar Pichai, the other forces—favouring data localisation—have started voicing their reasons...
India online retailer Flipkart's employees will now be able to liquidate their employee stock ownership plans (ESOPs). The liquidation of conferred Employees Stock Options (ESOPs) will be in a range of $126-128 per share, based on charges applicable, said a...
Diwali has been turning out to be mega revenue churn for e-commerce companies in India over the past three years. Amazon and Flipkart have been fighting fiercely to dominate larger market share during the festive sale that happens around...
Rashtriya Swayamsevak Sangh (RSS) backed pharmacy Deen Dayal Dham will now sell cow urine and related therapeutic products on Amazon. Initially, it plans to sell 30 products on the e-tailer platform. "Products of our Kamdhenu line that have cow urine among...
Hillhouse Capital, a Chinese investment company, has raised $10.6 billion for its new fund Hillhouse Fund IV. The development is exciting because this is the biggest ever round raised by any private equity firm in the region. The new fund...
After months of discussion and negotiation, homegrown PE firm Samara Capital and Amazon have signed a deal to acquire food and grocery retail chain More. The board of Aditya Birla-owned company has agreed for the deal for about Rs...
Vernacular social networking app ShareChat has closed one the largest funding round of about $100 million ($99.23 million) ever raised by any local language-focused content startup in India. Existing investor of the Bengaluru-based startup Shunwei Capital has led the round...
Myntra seems to have expedited the plan of opening offline stores across the country. The online fashion platform is in talks with several mall operators in different cities to open multi-brand brick-and-mortar outlets, including large department stores. The development is...
Mukesh Ambani-led RIL is planning to set up Jio Hubs, a one-stop shop, for all consumer items from electronics to groceries, to tap local market. The company is aiming to create a hybrid model of commerce through Joi Hubs by...
Google Pay, the UPI-enabled payments platform of the search giant Google has claimed to hit 25 million monthly active users mark in one year of its inception in India. This is a decent surge in the company's monthly actives users...
To ramp up preparation for the upcoming festive season, Flipkart Internet has received over Rs 3,462 crore from Singapore-based entity Flipkart Marketplace. The funding executed in two tranches would help the Bengaluru-based company to record highest-ever Gross Merchandise Value...
Online home decor startup Livspace has raised $70 million in its Series C round of funding led by private equity firm TPG Growth and Goldman Sachs. Existing investors of the Bengaluru-based platform such as Jungle Ventures, Bessemer Venture Partners...
Months after the Reserve Bank of India (RBI) directed all payment players to ensure data related to payment system be stored inside the country, the central bank is now specifically asking companies to follow the rules. After Amazon and WhatsApp,...
Linkedin, the professional network firm, on Tuesday, revealed the top 25 startups list for India in 2018. Hospitality startup OYO topped the chart, whereas fitness firm Cure.fit, on-demand delivery startup dunzo.in and logistics firm Rivigo followed it among the 25...
Amazon Pay, the payments arm of e-commerce giant Amazon is proving to be a hot product. Deployed as a merchant to process online payments, Amazon Pay is looking to tap digital payments mode via UPI and planning to enter...
Ride-hailing firm Ola has raised $50 million from Hong Kong-based Sailing Capital (SC) and the China-Eurasian Economic Cooperation Fund (CEECF). The Bengaluru-based company latest investment has inched up its valuation to $4.3 billion, from $3.5-4 billion in last October. The deal...

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