Logistic startup LetsTransport has raised $12 Mn from Chinese investment firm Fosun International and other investors. Tej Kapoor, Managing Director of Fosun RZ capital (Fosun’s investment arm) has confirmed to Economic Times about the investment. However, Mr. Kapoor has declined to reveal the identity of other investors.
According to reports, Fosun’s total contribution in the funding…
Reports are rife in media that Chinese e commerce juggernaut Alibaba is vying for a minority stake in Bengaluru based online grocer player Bigbasket. Alibaba will invest in the online grocery player through its Indian e commerce subsidiary Paytmall. The Chinese e commerce behemoth owns nearly 50 percent stake in Paytmall.
According to reports, Paytmall is…
