Spotify Aims to take Music Streaming Beyond India’s Urban Landscape

Spotify on Monday unveiled a lighter version of its main app as the Swedish music streaming giant looks to strengthen its position in India’s overcrowded music streaming market. Known as Spotify Lite Beta app, it is mainly catered towards low budget android phones that are predominately used in India’s hinterland. The app has been launched…

ByGirish ShettiMay 13, 20190Comments

Funding News

Flipkart Issues $100m Esops to Retain key Talents

Flipkart has resorted to the time and tested idea of Esops in order to retain its key talent for coping with increasing competition in India’s ecommerce sector. According to Economic Times (ET), India’s home grown e-commerce giant has issued fresh tranche of Esops to its senior as well as middle-level staff. Esops have also been…

ByGirish ShettiMay 11, 20190Comments

Funding News

Paytm in Search of Fresh funding to Fend off Competition: Report

The competition frenzy in digital payment market seems to be forcing Paytm to fill up its cash coffers. According to Economic Times (ET), India’s largest digital payment company is in talks to raise $1.5-2 billion from two of its biggest existing investors – Ant Financials & SoftBank. Paytm is in talks to raise $1.5-2 billion. ET claimed,…

ByGirish ShettiMarch 28, 20190Comments

Funding News

Accel Partners Rakes up Whopping $2.5 Bn for Fresh Investment

One of the world’s most respected venture capital firm Accel partners has raised $2.52 billion for its new funding corpus, according to Techcrunch. This is said to be one of the largest pool of capital that Silicon Valley based VC firm has ever raised. Reports confirm that almost all of the funding corpus will go…

ByGirish ShettiMarch 15, 20190Comments

Acquisitions

FreshMenu in OYO’s Acquisition Radar: Report

India’s largest hospitability company OYO Rooms is in talks to acquire cloud kitchen startup FreshMenu for nearly $50-60 million, Economic Times has claimed after citing three unidentified sources. The talks have progressed well beyond the initial stage and closure of the deal will depend on due diligence, sources add. OYO Rooms is in talks to acquire…

ByGirish ShettiFebruary 23, 20190Comments

News

Fashion e-tailer Zilingo eyes Unicorn Status with latest Funding

Singapore headquartered Zilingo is on the cusp of achieving the coveted status of Unicorn. This after the Southeast Asian fashion marketplace raised $226 Mn in Series D funding round. Sequoia Capital, Temasek, Burda Principal Investments and other investors including existing investors led the round. Singapore based Zilingo raised $226 Mn in Series D round Zilingo will use…

ByGirish ShettiFebruary 13, 20190Comments

Flipkart's former Group CEO Binny Bansal

News

Binny Bansal Claws back into Startup Game with Xto10X: Sources

Binny Bansal is all set to don the hat of a startup entrepreneur all over again, following his abrupt resignation from Flipkart almost a month back after being accused of personal misconduct by an ex-employee. Binny’s re-enter into the startup ecosystem will mark the comeback of an entrepreneur who has undeniably played an important role…

ByGirish ShettiDecember 14, 20180Comments

Funding News

Why Investors are really going Ga Ga over Social Commerce startups like Meesho

Barely a month ago Techpluto reported that social commerce startup Meesho, which offers online shopping platform for small resellers via social media channels, is in discussion to raise $50 Mn. And on Monday the evitable finally happened. On Monday Meesho raised $50 Mn from new as well as existing investors. This series C funding came hardly…

ByGirish ShettiNovember 6, 20180Comments

Funding News

Why Tiger Global raising $3.75 bn infuses new hope?

In what can be termed as immensely good news, the venture capital major Tiger Global Management has reportedly raised $3.75 billion for latest venture funds. This is New York-based hedge fund’s 11th venture capital fund and the fund has been labeled as Tiger Global Private Investment Partners XI. According to reports, the funds will primarily focus on…

ByGirish ShettiOctober 23, 20180Comments

Acquisitions

BigBasket pulls off acquisition coup to sharpen focus on Micro-delivery Segment

It seems that online grocery Major BigBasket has decided to put its growth strategy on steroids. The Alibaba backed company, after all, has acquired not one or two but three companies in one go. The market was already buzzing with the report that BigBasket was on a lookout for acquisitions, but probably few people had…

ByGirish ShettiOctober 20, 20180Comments

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