Amazon India secures Rs 2600 crore Capital Infusion amid Flipkart-Walmart deal

Amazon India receives Rs 2600 crore capital infusion. Amazon Seller Services, the marketplace unit of the US online retail giant in India, secured huge cash infusion of Rs 26 billion (Rs 2,600 crore) in late last month. This has been disclosed by the documents that Amazon India filed with Registrar of Companies (ROC) last month that…

ByGirish ShettiMay 9, 20180Comments

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Facebook is gearing for e-commerce debut with B2C transactions: Report

Facebook is preparing for e-commerce debut with B2C transactions. After receiving a lukewarm response for its C2C marketplace last year, Facebook is now testing the waters in India’s e-commerce sector by soon launching the B2C transactions. According to people familiar with the matter, the social media giant has already initiated discussions with several established brands to…

ByGirish ShettiMay 7, 20180Comments

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Walmart wants Sachin Bansal’s exit from Flipkart: Sources

Sachin Bansal exit from Flipkart. Flipkart’s co-founder Sachin Bansal may have to put down his papers altogether, if Walmart’s impending takeover of Flipkart fructifies in the coming weeks. Sources close to the ongoing mega deal have revealed that the world’s largest retail giant does not want Sachin Bansal to be part of the Flipkart’s 10 member…

ByGirish ShettiMay 4, 20180Comments

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Facebook Co-founder backs online Packaging Startup Bizongo

Facebook Co-founder pumps funds in online packaging startup Bizong. Bizongo, a B2B online marketplace for packaging materials, has found a new high profile backer in the form of B Capital, which is owned by Facebook’s co-founder Eduardo Saverin. B Capital along with International Finance Corporation (IFC) led $22 Mn Series B funding round in Bizongo on…

ByGirish ShettiMay 3, 20180Comments

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Amazon makes Audacious Bid to buy majority stake in Flipkart: Report

Amazon makes bid to buy 60% stake in Flipkart. Despite the fact that Walmart and Flipkart deal has reportedly entered the final stage of negotiation, Amazon on Wednesday made an audacious bid to acquire 60% stake in India’s home grown e-commerce behemoth. This is according to a report filed by CNBC TV 18, one of India’s…

ByGirish ShettiMay 2, 20180Comments

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Cisco agrees to buy AI startup Accompany for $270 Million

Cisco all set to buy AI startup Accompany American technology giant Cisco on Wednesday announced that it has agreed to acquire Artificial Intelligence (AI) startup Accompany for $270 Million. The deal will be all cash and all stock deal. All the important formalities regarding the deal will be completed within few months. Accompany is relatively young startup…

ByGirish ShettiMay 2, 20180Comments

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BlaBlaCar Buys Car-pooling Startup Less for Undisclosed amount

BlaBlaCar Buys Car-pooling Startup Less. French ride hailing behemoth BlaBlaCar is all set to acquire Less, a Paris based startup that runs car-pooling app by the same name. The details of the acquisitions have not been disclosed but sources have confirmed that BlaBlaCar would take over all the assets including 20 employees that are currently working…

ByGirish ShettiApril 28, 20180Comments

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Google may end up taking Minority Stake in Flipkart: Report

Google may buy minority stake in Flipkart. Adding a new and unexpected twist to the ongoing Flipkart-Walmart mega deal saga, search engine giant Google may end up taking minority stake in India’s homegrown e-commerce behemoth. Reports circulating in the media are rife about rumors that Walmart has convinced Google’s parent company Alphabet Inc. to pick up…

ByGirish ShettiApril 27, 20180Comments

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Oppo makes first ever investment in Indian startup

Chinese mobile maker Oppo in digital media startup POPxo. Chinese mobile maker Oppo has made first-ever investment in the Indian startup ecosystem after leading an Rs 37 crore funding round in the digital media startup POPxo. Oppo led the round along with South Korean firm Neoplux, while POPxo’s existing investor including GREE Ventures, IDG Ventures India…

ByGirish ShettiApril 26, 20180Comments

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Paytm in talks to acquire Chennai based ticketing platform TicketNew

Paytm in discussion to acquire Chennai based ticketing platform TicketNew India’s largest digital wallet payment firm Paytm is in advanced discussion to acquire Chennai headquartered movie ticketing platform TicketNew, according to top sources familiar with the matter. Sources have pegged the deal to be in the range of $30 to $40 million, approximately the same price…

ByGirish ShettiApril 25, 20180Comments

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