Swiggy Raises $100 million from Naspers in Largest Fund Raising Round

Swiggy Raises $100 million from Naspers. Online food delivery startup and Zomato’s main rival Swiggy has scooped up $100 million (Rs 640 crore) in its largest ever fund raising round till date. The Series F fund raising round was led by existing investor and South African media giant Naspers, while a new Chinese investor Meituan-Dianping also…

ByGirish ShettiFebruary 8, 20180Comments

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Elon Musk’s SpaceX Creates History as SpaceX Falcon Soars Towards Mars

Elon Musk makes history as SpaceX Falcon Soars towards Mars. Up…up and gone. As Elon Musk’s SpaceX Falcon Heavy successfully lifted off from Kennedy Space Center on Tuesday, the triumphant moment marked a gigantic leap in man’s unending exploration of space. There are many factors that make SpaceX Falcon’s successful launch on Tuesday a truly historic…

ByGirish ShettiFebruary 7, 20180Comments

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Bitcoin Continues to Bite Dust, falls Below $7000

Bitcoin's price falls Below $7000. World’s most popular cryptocurrency Bitcoin crashed more than 15% on Monday to slump to almost three month low. This is probably the first time that bitcoin’s value declined in double-digit ever since its slide began from the beginning of this New Year. Monday’s crash also comes amid global clampdown on bitcoin…

ByGirish ShettiFebruary 6, 20180Comments

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Alibaba’s Subsidiary Firm Invests $200 Million in Zomato

Alibaba’s Subsidiary Firm leads $200 Million round in Zomato Online restaurant discovery and food delivery company Zomato has raised $200 million from Alibaba’s financial firm Ant Financial, according to Info Edge’s (Zomato’s largest investor) latest filing with the stock exchange. Interestingly, the timing of this investment has almost coincided with Alibaba’s fundraising round for online grocery…

ByGirish ShettiFebruary 2, 20180Comments

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BrowserStack raises $50 million from Accel Partners

Cloud-based cross-browser testing tool BrowserStack has raised $50 million Series A funding from Accel Partners. Mumbai-headquartered BrowserStack will be valued at around $400 million after this round of financing. Accel India and Accel Growth participated in the funding round along with their US-based partner Ryan Sweeney. The newly acquired financing will be used by the company…

ByPrashant SharmaFebruary 1, 20180Comments

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Alibaba injects $35 million in Pune-based logistics startup XpressBees

After months of guesses and speculations, Alibaba.com Singapore E-commerce Pvt. Ltd, a subsidiary of China's Alibaba Group Holding Ltd has finally infused $35 million (Rs 225 crore) in Pune-based logistics startup XpressBees. Earlier this month, there were reports floating in the market saying Alibaba is looking forward to investing $100 million in Xpressbees. With this investment, Alibaba has ensured…

ByPrashant SharmaJanuary 31, 20180Comments

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Facebook Imposes Ban on ads on Cryptocurrencies and Initial Coin Offerings

Facebook announces ban on ads on Cryptocurrencies and Initial Coin Offerings. Social media giant Facebook on Tuesday announced that it will ban all advertisements related to Cryptocurrencies and initial coin offerings. With this ban, Facebook has joined the global crusade to rein on the cryptocurrency trading. The announcement was made by Rob Leathern, product management director…

ByGirish ShettiJanuary 31, 20180Comments

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US Retail Giant Walmart May Buy Minority Stake in Flipkart: Report

US Retail Giant Walmart May Buy Minority Stake in Flipkart. US grocery retail giant Walmart is in final stages of talks to acquire minority stake in the Bengaluru based e-commerce juggernaut Flipkart, according to a report published in The Economic Times. The report citing two close sources claims that Walmart may pick up 15-20% stake in…

ByGirish ShettiJanuary 31, 20180Comments

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Microsoft Buys Cloud Gaming Startup Playfab for Undisclosed Amount

Microsoft Buys Cloud Gaming Startup Playfab. Microsoft has bought gaming start-up PlayFab for an undisclosed amount as the tech giant aims to further consolidate its revenue stream from the gaming business. The software giant plans to assimilate PlayFab’s gaming services into its cloud computing platform Azure. The company believes that the integration will help developers to…

ByGirish ShettiJanuary 30, 20180Comments

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Amazon injects $306 million in its Indian arm Amazon Seller Services

To maintain its sovereignty in the e-commerce business in India, Amazon has injected $306 million in Amazon Seller Services, its Indian arm. This investment was made by Seattle-headquartered Amazon Inc in collaboration with its Singapore based auxiliary organization, Amazon Corporate Holdings. With this investment, the total amount raised by Amazon Seller Services has escalated to a…

ByPrashant SharmaJanuary 30, 20180Comments

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