Google to take $550 Mn bet on Chinese E-commerce Company JD.com

Google to invest $550 Mn in Chinese e-commerce giant JD.com U.S. Tech giant Google announced on Monday that it will invest $550 Mn in China’s online shopping behemoth and Alibaba’s main rival JD.com. The strategic investment is seen as part of Google’s ongoing effort to increase its investment footprints across fast-growing Asian markets. As part of the…

ByGirish ShettiJune 18, 20180Comments

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Weekly Funding Roundup: Aye Finance, Network Intelligence, Daily Ninja & others raised funds

This week 14-15 startups managed to raise funds. This week the Indian startup ecosystem once again witnessed decent funding activity as 14-15 promising startups managed to secure a pay cheque from investors. The startups hailed from diverse sectors like fintech, microdelivery, online home furnishing, healthcare and other. Here is a look down on some of the…

ByGirish ShettiJune 16, 20180Comments

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China’s Fosun diverts focus on seed & angle investment in India

China’s Fosun shifts focus on early-stage startups. Fosun International has a new exciting plan for the Indian startup ecosystem. The Chinese investment conglomerate, which until now invested only in mid to late stage startups, will now divert its focus on early stage startups. The investment will be spearheaded by Fosun RZ Capital – an investment arm…

ByGirish ShettiJune 14, 20180Comments

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Southeast Asian cab hailing major Grab to raise $1 bn from Toyota

Auto giant Toyota to invest in Grab. Grab, Southeast Asia’s largest cab hailing company, announced on Wednesday that it will raise $1 billion from Japanese auto giant Toyota. Last year, Toyota had invested in Grab through its investment arm Next Technology. However, this time the Japanese auto giant has invested in the cab-hailing major on its…

ByGirish ShettiJune 13, 20180Comments

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Softbank & Alibaba infuse additional $225 Mn in Paytm Mall

Paytm Mall raises $225 Mn from SoftBank & Alibaba. Gurgaon based e-commerce retailer Paytm Mall has raised $225 Million (nearly Rs 1,500 crore) from Softbank and Alibaba. This funding is a third tranche of the $445 Mn that Alibaba and SoftBank had committed to Paytm Mall in April this year. As per the regulatory filings, SoftBank has…

ByGirish ShettiJune 13, 20180Comments

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Naspers in talks to Acquire Stake in Singapore startup Carousell: Report

Naspers in discussion to pick up stake in Carousell. South African media and internet conglomerate Naspers is in discussion to pick up stake in Singapore headquartered startup Carousell, according to people familiar with matter. Carousell offers marketplace via smartphone app and web service to Southeast Asian consumers for selling & buying second hand products. It also…

ByGirish ShettiJune 12, 20180Comments

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Prices of cryptocurrencies nosedives after South Korean Exchange gets Hacked

Coinrail hacking causes downfall in cryptocurrencies prices. The prices of major cryptocurrencies nosedived on Monday after reports emerged that Coinrail – South Korean cryptocurrency exchange – has been hacked. The development has stoked fresh fears about the potential risks associated with trading in cryptocurrencies. Coinrail did not disclose the exact amount of loss incurred due to last…

ByGirish ShettiJune 12, 20180Comments

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Weekly Funding Roundup: Paytm Money, Meesho, Kashmir Box & others raised $80 MN

This week 12 - 15 Indian startups managed to raise funds. This week 12 - 15 Indian startups managed to secure funding of worth nearly $80 Mn from various investors. The small funding rounds raised by the startups during this week once again reflected the weak investor sentiments existing in the startup ecosystem. Enlisted below are…

ByGirish ShettiJune 9, 20180Comments

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Ratan Tata’s RTN Capital to invest $150 Mn in Alibaba owned Ant Financials

Ratan Tata’s RTN Capital to invest $150 Mn in Ant Financials. Ratan Tata’s investment arm RTN capital will back Alibaba affiliated financial giant Ant Financials with $150 Mn investment, business daily Economic Times reported. The investment will be part of the series C round that has already brought investment of worth $14 billion to Alibaba owned…

ByGirish ShettiJune 8, 20180Comments

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Uber’s global rival Gett raises $80 Mn in fresh round

Israel based cab hailing startup Gett raises $80 Mn. Israel based cab hailing startup Gett has raised $80 Mn from auto giant Volkswagen and other investors including Baring Vostok Capital Partner and Access Industries. Volkswagen is already an existing investor in Gett as it had pumped in $300 Mn in 2016. The latest funding round has…

ByGirish ShettiJune 8, 20180Comments

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