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

News

Fitness Startup CureFit Receives $10 Million in Debt Financing from HDFC & Axis Bank

Fitness Startup CureFit raises $10 Million in debt financing from HDFC & Axis Bank. Bengaluru- headquartered fitness startup Curefit has raised $10 Mn in debt financing from two major banks, HDFC Bank and Axis Bank. According to reports, this latest debt financing is part of the earlier debt financing round that took place in August last…

ByGirish ShettiJanuary 30, 20180Comments

News

Google Confirms It has Bought Stake in Indonesia’s Ride-Hailing Startup Go-Jek

Google confirms investment in Indonesia’s Ride-Hailing Startup Go-Jek. Today Google officially confirmed that it has invested in Indonesian ride-hailing startup Go-Jek, following last week’s report in TechCrunch that the American tech giant has bought a stake in the ride-hailing firm. According to this report, Google formed a trio team along with China’s Meituan-Dianping & Singapore’s Temasek…

ByGirish ShettiJanuary 29, 20180Comments

News

Ratan Tata’s RNT Capital infuses $7.4 million in Axio Biosolutions

Boston headquartered medical devices company Axio Biosolutions has raised $7.4 million in Series B funding round led by Ratan Tata’s RNT Capital along with the participation of existing investors Accel Partners and IDG Ventures. With the newly acquired funding, Axio is aiming for an expansion into newer markets like Europe and USA as well as production affordable yet…

ByPrashant SharmaJanuary 26, 20180Comments

News

Insurance Startup Policy Bazaar in Talks with SoftBank to Raise Fresh Funds: Report

Policy Bazaar in Talks with SoftBank to Raise Fresh Funds Insurance aggregator Policy Bazaar is reportedly holding talks with Japanese investment & telecom giant SoftBank for raising fresh funds. The online insurance company is seeking to raise fresh capital at a valuation of nearly $800 million. A healthy jump from the previous valuation of $500 million…

ByGirish ShettiJanuary 26, 20180Comments

News

JioPhone crosses Samsung to become top feature phone brand in India

JioPhone, with a 27% market share by shipments, has overthrown Samsung to become the leader in the feature phone segment. Jiophone's aggressive supplies in the last months of 2017 helped it to dwindle the gap between demand and supply. Mukesh Ambani led Reliance Jio's JioPhone is the first feature phone to support 4G Voice over LTE…

ByPrashant SharmaJanuary 24, 20180Comments

News

Times Internet acquires MX Player for $200 million in an all-cash deal

Times Internet, an Internet subsidiary of The Times of India Group, which manages some of the largest news websites in India like The Times of India, The Economic Times, Navbharat Times and Maharashtra Times has acquired a majority stake in Seoul based MX Player in an all-cash deal worth $200 million. With this investment, Times Internet…

ByPrashant SharmaJanuary 24, 20180Comments

News

Sequoia Capital is Planning Largest Ever India Fund: Report

Sequoia Capital is planning $1 billion India focused fund. California based Venture Capital (vc) major Sequoia Capital is working on last minute details to raise nearly $1 billion for its latest India focused funds, according to people familiar with the matter. If there is any element of truth in this report, this year may turn out…

ByGirish ShettiJanuary 24, 20180Comments

News

Paytm Valuation May Rise to $10 Bn Post Sale of Secondary Shares: Report

Paytm Valuation May Rise to $10 Bn Post Sale of Secondary Shares. Digital Payment firm Paytm may witness a sharp rise in its valuation post sale of its secondary shares, which will further consolidate Noida based firm’s status as the second most valued Indian startup. The sale of secondary shares will be initiated, after existing and…

ByGirish ShettiJanuary 23, 20180Comments

News

Facebook Announces More Investment for France AI Research Center

Facebook Announces More Investment for Paris AI Research Center. Facebook has disclosed that it plans to invest around €10 million ($12.3 million) in its artificial intelligence (AI) center located in the French Capital Paris. The move is the latest sign of social media giant’s growing confidence about France’s ability to deliver in AI technology. Facebook said that…

ByGirish ShettiJanuary 22, 20180Comments

News

Best Choice for Creatives