Myntra acquires Smart Wearable startup Witworks for Undisclosed amount

Myntra acquires Smart Wearable startup Witworks. Online fashion moghul Myntra on Monday announced that it has acquired Witworks for undisclosed amount. The deal marks Myntra’s first acquisition in 2018, following its sole acquisition of 20Dresses last year. Following the acquisition, Witworks team will get absorbed into Myntra. Since Myntra hasn’t disclosed financial details of the Witworks’ deal,…

ByGirish ShettiApril 17, 20180Comments

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Fitness startup Curefit raises 4.18 crore in fresh round of funding

Fitness startup Curefit secures 4.18 crore in a fresh round of funding. Healthcare and fitness startup Curefit has scooped up Rs 4.18 crore in a new funding round that saw participation by new investors Binny Bansal (Flipkart cofounder) and Ananth Narayanan (Myntra-Jabong CEO). The fresh round of funding has come barely months after the Bengaluru based…

ByGirish ShettiApril 16, 20180Comments

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Reliance Industries picks up Majority Stake in AI based Edutech startup Embibe

Reliance to acquire majority stake in the education startup Embibe. Mukesh Ambani owned Reliance Industries on Friday announced that it has agreed to acquire majority stake in the education startup Embibe. The announcement comes after speculations were rife about this deal in the market during last few days. Reliance industries will acquire 34,33,767 equity shares (translating into…

ByGirish ShettiApril 13, 20180Comments

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Ola in talk to Acquire popular food delivery brand Freshmenu: Report

Ola may acquire popular food delivery brand Freshmenu. Homegrown cab hailing major Ola is reportedly in discussion to acquire well known food delivery brand Freshmenu. The development comes barely days after Ola acquired popular transportation app Ridlr for undisclosed amount. Both Ola and Freshmenu have declined to comment on the news report. It seems that the cab-hailing major…

ByGirish ShettiApril 11, 20180Comments

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Chinese Smartphone maker Xiaomi May invest in Fintech startup Zest-Money: Report

Xiaomi is in discussion to pick up stake in Fintech startup ‘Zest-Money. Popular Chinese smartphone brand Xiaomi is in discussion to pick up stake in yet another Fintech startup ‘Zest-Money,’ according to people familiar with the matter. Xiaomi will reportedly be part of the fundraising exercise that aims to raise $20 million for Zest-Money. Existing investor…

ByGirish ShettiApril 9, 20180Comments

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Walmart inching closer to buy Controlling Stake in Flipkart: Sources

Walmart may buy controlling stake in Flipkart: Sources In what could cause a huge shakeup in India’s e-commerce sector, U.S. retail giant Walmart has reportedly completed all the due diligence to pick up controlling stake in Flipkart. Sources close to the matter claim that Walmart has already floated a shareholder agreement to pick up 51% stake…

ByGirish ShettiApril 7, 20180Comments

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India’s Central Banks serves biggest ever blow to cryptocurrency

India’s Central Bank clamps down further on cryptocurrency. After last year’s insane rally, cryptocurrency (also known as virtual currency) since the beginning of this year has been heading towards only one direction: southwards. The nosedive in its fortunes was partly triggered by clampdown that various government agencies have been imposing on the trading of cryptocurrencies. As part…

ByGirish ShettiApril 6, 20180Comments

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Southeast Asian online fashion startup Zilingo Raises Fresh Funds

Zilingo raises $54 million through series c round. Southeast Asian fashion startup Zilingo has secured fresh capital infusion through series C round in yet another obvious signal that the competition in Southeast Asian e-commerce market is likely to heat up in coming months. Zilingo raised $54 million through this round, in which almost all the existing investors…

ByGirish ShettiApril 5, 20180Comments

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Ola Buys Transportation app Ridlr to improve Navigation facilities

Ola acquires transportation app Ridlr to improve navigation facilities India’s homegrown cab hailing major Ola on Tuesday acquired popular transportation app Ridlr. However, Ola did not disclose the financial details of the deal and hence value of the deal could not be ascertained. Last month Techpluto had reported that Ola is in talks to buy Ridlr in…

ByGirish ShettiApril 4, 20180Comments

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Paytm Mall Receives huge Funding Boost from SoftBank and Alibaba

Paytm Mall raises fresh funds from SoftBank and Alibaba. Paytm Mall, e-commerce division of digital wallet firm Paytm, got a huge funding boost on Monday after SoftBank and Alibaba committed to pump in 2892.5 crore (around $446 million) in the online shopping startup. The latest funding round will reportedly value Paytm Mall at roughly $1.9 billion…

ByGirish ShettiApril 3, 20180Comments

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