Alibaba set to acquire Chinese Online food Delivery Startup Ele.me

Alibaba set to buy Chinese Online food Delivery Startup Ele.me Putting an end to rumors, Chinese conglomerate Alibaba on Sunday finally announced that it will buy Ele.me’s remaining shares. The deal will pave way for Alibaba and its subsidiary firm Ant Financials to have a complete control over the online food delivery startup. Both already own…

ByGirish ShettiApril 2, 20180Comments

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Nandan Nilekani’s Fundamentum Partnership raises funds from Canadian based Investment Firm

Fund Fundamentum raises funds from CDPQ. Nandan Nilekani, co-founder of IT giant Infosys, has raised funds in the tune of $20 Mn from CDPQ (a Canada-based institutional investment firm) for its dedicated startup growth fund known as “fundamental partnership – fund I.” Fundamentum Partnership is reportedly targeting total corpus of $100 Mn and CDPQ’s contribution of $20…

ByGirish ShettiMarch 31, 20180Comments

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Search engine giant Google Backs O2O e Commerce Platform Fynd

O2O e commerce platform Fynd raises fresh funds from Google. O2O e-commerce platform Fynd has successfully raised undisclosed amount in the series C round led by the global search giant Google. The other investors that participated in this round are all Fynd’s existing investors, including Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, Patni family…

ByGirish ShettiMarch 30, 20180Comments

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Ola in Talks to Acquire Uber’s India Business: Sources claim

Ola in discussion to acquire Uber’s India business. Days after selling its Southeast Asian business to regional rival Grab, Uber may now follow the same recourse for its India business as it looks to trim down its mounting losses. Reliable sources have revealed to top media publications that Uber is currently holding talks with its Indian competitor…

ByGirish ShettiMarch 29, 20180Comments

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Global hedge fund Coatue Management in talks to Invest in Swiggy

Global hedge fund Coatue Management in discussion to Invest in Swiggy. New York based Global technology hedge fund Coatue Management is reportedly in discussion to pick up minority stake in the online food delivery startup Swiggy. If sources are to be believed, Coatue Management along with Chinese e-commerce firm Meituan-Dianping and other investors are looking to…

ByGirish ShettiMarch 28, 20180Comments

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Twitter Announces Ban on all ads related to Cryptocurrencies and ICOs

Twitter to ban on all ads related to o Cryptocurrencies and ICOs. After Facebook and Google, now it is Twitter’s turn to impose ban on all advertisements related to Cryptocurrencies and Initial Coin Offerings (ICOs). Twitter has also officially confirmed the news to Reuter News agency. The ban will come into effect immediately, as per the…

ByGirish ShettiMarch 27, 20180Comments

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Ola in Talks to Acquire Transportation app Ridlr: Report

India’s homegrown cab hailing major Ola is reportedly holding discussion to acquire transportation app Ridlr. The acquisition of this app will supposedly help the ride-hailing major to improve its navigation technology and offer better services to all its riders. Ridlr app offers real-time traffic information to users and also enables commuters to books tickets for public transportations. …

ByGirish ShettiMarch 26, 20180Comments

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Uber Officially Agrees to Sell Southeast Asian Business to Regional Rival Grab

Uber officially agrees to sell Southeast Asian business to Grab. In what could turn out to be a watershed movement for Uber, the American ride-hailing giant on Monday officially confirmed that it has agreed to sell its Southeast Asian business to regional rival Grab. The deal marks Uber’s latest retreat from a highly lucrative international market…

ByGirish ShettiMarch 26, 20180Comments

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Budget hotel aggregator startup OYO Rooms in Talks to Raise Fresh Funds from SoftBank: Report

OYO Rooms in Talks to Raise Fresh Funds from SoftBank. Budget hotel aggregator startup OYO Rooms is holding discussions to raise $500-$800 Mn through a new funding round from SoftBank, according to people familiar with the matter. The development comes barely six months after OYO Rooms secured $250 Mn from SoftBank, followed immediately by another 10…

ByGirish ShettiMarch 22, 20180Comments

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Smartphone Major Micromax backs AI based startup One Labs

Smartphone Major Micromax invests in AI based startup One Labs India’s mobile handset maker Micromax on Tuesday announced that it has invested in the artificial intelligence (AI) based startup One Labs. The handset manufacturer, however, did not divulge any financial details of the deal. The investment will help Micromax in creating an all-inclusive service ecosystem for its…

ByGirish ShettiMarch 20, 20180Comments

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