Alibaba’s Subsidiary Firm Invests $200 Million in Zomato

Alibaba’s Subsidiary Firm leads $200 Million round in Zomato Online restaurant discovery and food delivery company Zomato has raised $200 million from Alibaba’s financial firm Ant Financial, according to Info Edge’s (Zomato’s largest investor) latest filing with the stock exchange. Interestingly, the timing of this investment has almost coincided with Alibaba’s fundraising round for online grocery…

ByGirish ShettiFebruary 2, 20180Comments

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US Retail Giant Walmart May Buy Minority Stake in Flipkart: Report

US Retail Giant Walmart May Buy Minority Stake in Flipkart. US grocery retail giant Walmart is in final stages of talks to acquire minority stake in the Bengaluru based e-commerce juggernaut Flipkart, according to a report published in The Economic Times. The report citing two close sources claims that Walmart may pick up 15-20% stake in…

ByGirish ShettiJanuary 31, 20180Comments

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Microsoft Buys Cloud Gaming Startup Playfab for Undisclosed Amount

Microsoft Buys Cloud Gaming Startup Playfab. Microsoft has bought gaming start-up PlayFab for an undisclosed amount as the tech giant aims to further consolidate its revenue stream from the gaming business. The software giant plans to assimilate PlayFab’s gaming services into its cloud computing platform Azure. The company believes that the integration will help developers to…

ByGirish ShettiJanuary 30, 20180Comments

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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

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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

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AI Driven HRTech Firm Startup Skillate Raises Undisclosed Amount

HRTech Firm Startup Skillate Raises Undisclosed Amount. HR Tech startup Skillate, which uses Artificial Intelligence (AI) as its core technology, has succeeded in raising undisclosed amount from two independent investors. These investors are ‘Incubate Fund India’ and Anuj Agrawal (Director of Zyoin), according to Skillate’s co-founder Anand Baranwal. Skillate is being funded and currently incubated at European…

ByGirish ShettiJanuary 22, 20180Comments

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Vernacular Social Networking Platform ShareChat raises $18.2 mn by Xiaomi & Others

Social Networking Platform ShareChat raises $18.2 mn by Xiaomi & Others. ShareChat, a social networking platform that celebrates India’s linguistic diversity, has scooped up 116.31 crore ($18.2 million) in a series B round led by Chinese smartphone manufacturer Xiaomi. This is according to Ministry of Corporate Affairs (MCA) filings filed by the Mohalla Tech Pvt. Ltd…

ByGirish ShettiJanuary 18, 20180Comments

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SoftBank Considering an IPO for Japanese Telecom Business, Plans to Raise $18 Billion

SoftBank planning to raise $18 billion through IPO The Japanese telecom giant and global investor, SoftBank Group Crop, is all set to spin-off its wireless business by listing it on the Tokyo Stock Exchange (TYO), according to Japanese newspaper Nikkei. The Japanese Conglomerate is reportedly planning to sell off 30 percent stake through an IPO and…

ByGirish ShettiJanuary 15, 20180Comments

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With eye on Smartphone Business, Google Acquires U.K. Based Startup Redux: Report

Google Acquires U.K. Based Startup Redux. Alphabet Inc’s flagship company Google has reportedly acquired a UK based startup that will probably revolutionize the way we listen to music on our smartphones. This startup is known as “Redux” and it has created a technology that can automatically turn smartphone screen into a speaker. If this technology does…

ByGirish ShettiJanuary 12, 20180Comments

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AD Tech Startup InMobi Acquires US-based AerServ for $90 mn

InMobi Acquires US-based AerServ for $90 mn. Indian mobile ad tech startup InMobi has acquired US based ad firm AerServ for approximately $90 million (around Rs 574 crore). The deal is reportedly part cash and part stock deal. The deal comes amid Inmobi’s declining fortunes, which has casted apprehension over whether this unicorn firm will live…

ByGirish ShettiJanuary 11, 20180Comments

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