Nazara buys Kae Capital’s stake in Halaplay for INR 14.6 Cr

Global gaming and sports media company, Nazara Technologies, has bought Kae Capital’s stake in Halaplay Technologies Pvt. Ltd for INR 14.6 crores. Both are existing investors in Halaplay Technologies – a fantasy sports company. Following this equity swap exercise Nazara has now become the largest stake holder in Halaplay. Nazara invested in the Bengaluru based sports…

ByGirish ShettiJune 12, 20200Comments

News

Uber India President Padeep Parameswaran promoted to head APAC Biz

Ride hailing giant Uber announced on Thursday that President of Uber India and South Asia, Padeep Parameswaran, will be now elevated to new role of General Manager of Asia Pacific. Parameswaran will officially take over the president of APAC Biz on June, 19. In his current role, Parameswaran looks after Uber’s business in India, Bangladesh and…

ByGirish ShettiJune 11, 20200Comments

News

Tiger Global to knock High Court over Tax Woes on Flipkart Stake Sale

Private Equity giant Tiger Global is all set to move to court after Authority of Advance Ruling (ARR) rejected its tax relief application over its Rs 14,500 crore stake sale in Flipkart. Economic Times (ET) first reported this news. According to ET, Tiger Global is now seriously mulling to challenge ARR’s decision in the Delhi…

ByGirish ShettiJune 10, 20200Comments

News

Indian cities limping back to normalcy, claims MyGate

Indian cities are slowly clawing back to normalcy after enduring the nationwide lockdown for more than 2 months. This finding was the result of extensive survey carried by MyGate, a security and community management solution startup. The startup relied on its app’s user base data to make conclusive findings. MyGate, which claims to be India’s largest…

ByGirish ShettiJune 3, 20200Comments

Funding News

German Reinsurance Firm Munich Re may invest in Acko Insurance

German based Munich Re - one of the biggest reinsurance companies in the world - is in the advanced stage to lead $60 – 70 Mn funding round in Acko General Insurance, according to Economic Times (ET). This will be Acko Insurance’s first major funding of 2020. The funding round will value Acko at approximately 500…

ByGirish ShettiJune 2, 20200Comments

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DSG Consumer invests Undisclosed Funding in Supplement brand Nutrova

Early stage venture capital firm, DSG Consumer Partners (DSGCP), has invested undisclosed amount of funding in Axys Nutrition Products Pvt Ltd. Axys Nutrition is essentially a nutraceutical company that develops evidence-based nutrition and nutraceutical products. Based in the financial city of Mumbai, the company manufactures all its products under the brand name ‘Nutrova.’ Nutrova currently focuses…

ByGirish ShettiJune 2, 20200Comments

News

Paytm Mall Shifts to Bengaluru; Rejigs top Management

Paytm Mall, the e-commerce unit of One97 communication, has shifted its operational base from Noida to India’s Silicon Valley Bengaluru. Since past few days rumor mills were already abuzz with the report that Paytm Mall is mulling to change its headquarter location. Following this decision, the SoftBank and Alibaba based company has offered the flexibility to…

ByGirish ShettiJune 1, 20200Comments

News

Uber India fires quarter of its workforce in the country

Uber India on Tuesday announced that it will furlough nearly 600 employees in the country. The announcement was on the expected lines, after Uber having laid off almost 6,700 employees globally over the last few weeks. Image Source: Flickr The announcement has come barely days after Ola - regional rival of US-based ride-hailing giant – announced that…

ByGirish ShettiMay 26, 20200Comments

News

Zomato Promotes Mohit Gupta to co-founder position

The trend of promoting a top executive to position of co-founder is a rare thing for Indian startups but Zomato has now done this rare thing twice in a matter of one year. After elevating COO Gaurav Gupta to co-founder position last year, the foodtech major has now promoted Mohit Gupta, CEO of food delivery…

ByGirish ShettiMay 25, 20200Comments

News

Paytm confirms the resignation of Paytm Money’s CTO & Operations Head

A report published on a leading news portal on Wednesday had claimed that Paytm Money’s CTO Suresh Vasudevan and Operations head Beejish Pillai have put down their papers. The latest news of another high profile exit from Paytm Money has emerged almost a month after media reports claimed that Paytm Money’s CEO Pravin Jadhav has…

ByGirish ShettiMay 14, 20200Comments

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