News

Flipkart destroys Snapdeal’s Unicorn status – Offers $400 million

In an interesting turn of events in Flipkart-Snapdeal merger. The homegrown e-commerce giant, Flipkart has revealed its intentions to pay only $300-$400 million for Snapdeals acquisition. This is against the trend which was not expected at this stage. In the recent past, Flipkart's acquisition of Snapdeal was pegged at a valuation of $1 billion. The billion dollar valuation was…

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Uber building

Unexpected twist to Kalanick’s fate as Uber employees sign petition requesting his reinstatement

Uber employees are aggressively circulating a petition requesting the Board of investors to reinstate Kalanick. The news broke out after a copy of the letter went online. It mainly states that no human is perfect, however, anyone can evolve learning from their mistakes. Kalanick is the right choice when it comes to the success of Uber and that he…

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cybereason

$100 million investment from SoftBank Corp into cybersecurity startup Cybereason

A Boston-based cyber security firm, Cybereason which specialises in endpoint detection and response to security breaches has secured $100 million funding from SoftBank Corp. A subsidiary of the Japanese SoftBank Group. Cybereason has been able to raise up to $189 million in funding to-date. Some of its other investors are Charles River Ventures, Spark Capital and…

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