Alibaba in talks to buy out Chinese Food Startup Ele.Me

Alibaba in talks to buy out Chinese Food Startup Ele.Me Chinese conglomerate Alibaba is on the cusp of making one of the biggest deals in Chinese startup space in recent times. Alibaba, which is owned by Chinese billionaire Jack Ma, is said to be in talks to take complete control over the food delivery startup Ele.me.…

ByGirish ShettiFebruary 27, 20180Comments

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Chinese Giant Alibaba in Talks to Pick up Minority Stake in Dailyhunt: Report

Chinese giant Alibaba in discussion to pick up minority stake in Dailyhunt Alibaba Group, which is owned by Chinese billionaire Jack ma, is currently holding talks to pick up a minority stake in news aggregator startup Dailyhunt, two sources familiar with the matter have claimed. These talks once again demonstrate Alibaba’s growing interest in the Indian…

ByGirish ShettiFebruary 23, 20180Comments

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Grocery Startup Grofers Plans to Raise $65 Mn at Lower Valuation: Report

Grofers is in discussion to raise nearly $60-65 Mn. Online grocery delivery startup Grofers is in discussion to raise nearly $60-65 Mn capital from some of its existing investors. However, these funds will be reportedly raised at almost 40% drop in current valuation of the company. According to business publication LiveMint, two sources familiar with the matter…

ByGirish ShettiFebruary 21, 20180Comments

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Electronic Giant Sony Corp Announces AI-based taxi-hailing services in Japan

Sony Corp Announces AI-based taxi-hailing services in Japan Electronic giant Sony Corporation announced on Tuesday that it will build a ride-hailing system for Japanese commuters. This ride-hailing system will be launched during this year's spring season, according to popular website Techcrunch. However, the most noteworthy thing about this ride-hailing network would be that it will be…

ByGirish ShettiFebruary 20, 20180Comments

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Virgin Hyperloop Plans to Reduce Mumbai-Pune Travel Time to only 25 Minutes

Virgin Hyperloop plans to cut Mumbai-Pune travel time to only 25 Minutes If Richard Branson owned Virgin Hyperloop has its way, then commuter’s traveling time between Mumbai to Pune will reduce to merely 14 – 25 minutes. This is no exaggeration, but a fact that can turn into reality. And to turn this incredible feet into…

ByGirish ShettiFebruary 19, 20180Comments

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Mahindra & Mahindra Pumps $27.6 million in car rental startup Zoomcar

Mahindra & Mahindra infuses $27.6 million in car rental startup Zoomcar Auto major Mahindra & Mahindra (M&M) Ltd has infused $27.6 million (Rs 176 crore) in self-drive car rental startup Zoomcar. The investment gives auto major 16% stake in the Bengaluru based startup. M&M’s investment was part of Zoomcar’s series C funding round that also saw…

ByGirish ShettiFebruary 16, 20180Comments

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Paytm’s Vijay Sharma Cries Foul Over WhatsApp Payment Service

Paytm’s Vijay Sharma unhappy over WhatsApp Payment debut. Paytm’s founder Vijay Sharma on Wednesday took to Twitter to denounce what he termed as unfair competitive advantage allotted to WhatsApp, after the latter was allowed to start a payment service without fulfilling many critical mandatory rules. Sharma’s salvo on Twitter comes barely days after the Facebook-owned Whatsapp…

ByGirish ShettiFebruary 15, 20180Comments

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Ola Makes Australian Debut with Trail Operation in Perth

Ola makes Australian debut with soft launch in Perth. India’s ride-hailing Major Ola has finally made its international debut by launching a trail based service in Perth city, capital of Western Australia, according to a statement issued by the company on Wednesday. This marks a new chapter for the cab aggregator firm, which until now offered…

ByGirish ShettiFebruary 14, 20180Comments

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Alibaba Mulls Integrating BigBasket & XpressBees with Paytm Mall

Alibaba Plans to Integrate BigBasket & XpressBees with Paytm Mall Alibaba is playing a frontal role in integrating services of Paytm Mall, BigBasket and XpressBees. The strategic move may help in increasing the revenue and productivity of all the three firms, in which Chinese e commerce giant Alibaba owns majority as well as minority stakes. Alibaba…

ByGirish ShettiFebruary 12, 20180Comments

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Chinese Internet Giant Tencent in Discussion to Invest $35-40 Million in NewsDog

Tencent in Discussion to Invest $35-40 Million in NewsDog Chinese internet giant Tencent is in talks with news aggregator startup NewsDog to lead a $35-40 million funding round, according to people close with the matter. If the deal materializes, it will be one of the largest deals in the Indian news content space. Tencent, which has already…

ByGirish ShettiFebruary 12, 20180Comments

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