Amazon in Early Stage Talks to acquire 26% Stake in Reliance Retail: Report

E-commerce behemoth Amazon is in early stage talks to acquire 26% stake in Reliance Retail, which is India’s largest brick & mortar retail chain, Economic Times (ET) report claims after citing sources privy with the matter. Amazon India is in talks to acquire 26% Stake in Reliance Retail The negotiation between Amazon and Reliance Retail seems to…

ByGirish ShettiAugust 1, 20190Comments

Not Just Startups

Jason Momoa Steps in to Save Giant Hawaii Telescope – Top Trending Stories

Here are today’s Top 5 News & Events from Around the World. Take a look! #5 Jason Momoa Steps in to Save Giant Hawaii Telescope Image Credits: Flickr Gage Skidmore The Aquaman star Jason Momoa has visited the disputed site in Hawaii for a giant Telescope installation. The actor will try to persuade the natives to…

ByTechPluto StaffAugust 1, 20190Comments

News

SC asks Center to Regulate Ola & Uber for Women Safety

If Supreme Court has its way then ride hailing majors like Uber and Ola will soon have to abide by new rules and regulations to ensure the safety of women passengers. The country’s top court on Wednesday ordered the Indian government to consider framing law to regulate cab hailing companies for providing adequate security to…

ByGirish ShettiJuly 31, 20190Comments

Funding News

Aye Finance Scoops up $7.99 Mn from DCB Bank

Digital Fintech Lender, Aye Finance, has scooped up $7.99 Mn (55 Cr) in its latest funding round. The startup’s latest funding round is financed through a debt instrument and is led by the DCB Bank via securitisation deal. The fresh capital infusion will be proceeded towards expanding company’s loan portfolio and providing affordable credit to…

ByGirish ShettiJuly 31, 20190Comments

Funding News

PhonePe Receives Fresh Capital Infusion to Combat Increasing Competition

Flipkart owned PhonePe has received fresh capital infusion from its Singapore based parents entity, according to company’s latest filings with the Registrar of Companies (ROC). The digital payment lender has received Rs 698 crore from Singapore headquartered PhonePe Private Limited, ROC documents disclosed. PhonePe has received Rs 698 crore from its Singapore based entity Earlier this year,…

ByGirish ShettiJuly 30, 20190Comments

Funding News

Udaan’s Valuation may touch $2.2 Bn with Fresh Funding Round

True to its name, online marketplace for SMEs and small businesses Udaan is taking flight to new horizons. After achieving the fastest unicorn tag last year, the Bengaluru headquartered startup is now inching closer to double its market valuation with a new funding round. People privy to the matter claim that the startup is in…

ByGirish ShettiJuly 29, 20190Comments

Not Just Startups

Contact Lenses That Zoom On Blinking – Top Trending Stories

Here are today’s Top 5 News & Events from Around the World. Take a look! #5 Contact Lenses That Zoom On Blinking, A Boon Or A Threat? Image Credits: Flickr Raquel Fabregat Scientists have revealed contact lenses that zoom if you blink twice in succession. This technology is right out of fiction that works on your…

ByTechPluto StaffJuly 29, 20190Comments

Funding News

Weekly Funding: Snapdeal, Drip Capital, PayMate & Others Raised Funds

Funding activities picked up good pace this week as investors poured good amount of money into several promising startups hailing from diverse sectors. Here is a brief look into these investment details as we rap up this week’s weekly funding roundup. Snapdeal, Drip Capital, PayMate, Zeta were among other startups that raised funds this week …

ByGirish ShettiJuly 27, 20190Comments

Funding News

SoftBank Unveils Second Vision Fund with $108 Bn Corpus

Japanese tech conglomerate SoftBank has announced plans for raising second Vision Fund as it looks to continue with investment in technology driven startups with major focus on Artificial Intelligence or AI. The second vision fund will be raising nearly $108 Bn, SoftBank’s Chairman Masayoshi Son announced. This makes the second vision fund bigger than the…

ByGirish ShettiJuly 26, 20190Comments

Not Just Startups

Is Facebook Breaking Up? – Top Trending Stories

Here are today’s Top 5 News & Events from Around the World. Take a look! #5 Is Facebook Breaking Up? Image Credits: Flickr TheCryptoReport Team According to reports, Facebook is heading towards a company breakup. Its co-founder, Chris Hughes has been meeting lawmakers and regulators indicating that he's looking to break up the company. Link. ___…

ByTechPluto StaffJuly 26, 20190Comments

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