Walmart in talks to buy more than 40% stake in Flipkart: Sources
The deal with Walmart will give Flipkart much needed muscle in its fight against Amazon, which has committed to invest $5 billion in India.
Feb 16, 2018, 18:29 PM IST
SoftBank to buy 15% stake in Uber, pump in $1 bn in early 2018
The fresh capital infusion comes at a time when the company is looking at moving beyond the controversies it was mired in 2017 and further scaling up operations.
Dec 29, 2017, 09:27 AM IST
Flipkart commits $500 mn investment in payments arm PhonePe
The commitment is in addition to the USD 75 million infused by Flipkart in PhonePe since the acquisition in 2015.
Oct 12, 2017, 14:42 PM IST
Ola raises $1.1 bn, in talks for another $1 bn funding
Existing investor SoftBank, in addition to other new US-based financial investors, has also participated in this round, Ola said in a statement.
Oct 11, 2017, 11:47 AM IST
Five apps that technologically empower, digitise SME transactions
SBI - Buddy - Merchant - SBI Buddy Merchant App is State Bank of India`s Mobile Wallet for Merchants and Sub-Merchants to accept/collect payments from their customers against sale of goods and services.
Sep 24, 2017, 17:57 PM IST
PE/VC exits at record high in August at $1.9 billion ; may touch $10 billion
In terms of number of deals, there was an 18 per cent growth in August compared to 39 deals last year, the report said.
Sep 18, 2017, 16:32 PM IST
Flipkart aims to capture 50% of total online smartphone sales
Over the last few years, a number of new handset companies, including the likes of HMD (Nokia), Xiaomi, Motorola and CoolPad have partnered players like Flipkart, Amazon and Snapdeal to enter the Indian market.
Sep 14, 2017, 17:37 PM IST
OYO raises $250 million in fresh round of funding
Online hotel aggregator OYO on Thursday said it has raised USD 250 million (over Rs 1,600 crore) in a fresh round of funding led by its existing investors and Hero Enterprise.
Sep 07, 2017, 19:27 PM IST
SoftBank bolsters Flipkart's firepower to challenge Amazon in India
The deal comes just 10 days after SoftBank`s attempts to forge a deal between Flipkart and smaller rival Snapdeal - and thwart Amazon`s ambitions in India - fell apart following months of negotiations.
Aug 10, 2017, 20:38 PM IST
Ola raises Rs 231 crore from Tekne Private Ventures
The said shares were allotted on June 7, 2017, the documents showed.
Aug 10, 2017, 20:27 PM IST
SoftBank CEO says interested in investing in Uber, Lyft
SoftBank Group CEO Masayoshi Son said he was interested in investing in ride-hailing firms Uber Technologies and Lyft but had not made a decision.
Aug 07, 2017, 15:47 PM IST
'Snapdeal 2.0' could leave company with 500-600 staffers
Snapdeal will trim its operations and over the next 2-3 months, the workforce could be pared to about 500-600 people, two people familiar with the company's plans said.
Aug 02, 2017, 20:14 PM IST
Paytm plans to launch messaging service to rival WhatsApp
India`s leading digital payments firm Paytm plans to launch a messaging service to rival Facebook Inc`s WhatsApp by the end of this month, a source familiar with the matter said on Tuesday.
Aug 01, 2017, 17:43 PM IST
OYO cuts losses to Rs 325 crore in FY17
Online hotel aggregator OYO has said it has cut losses to an estimated Rs 325 crore in FY17 from Rs 496 crore in the previous fiscal, mainly on account of increase in booking revenue.
Jul 29, 2017, 19:29 PM IST
Time to focus on continuing Snapdeal journey: Kunal Bahl
The alternate plan, as per reports, is to trim Snapdeal further and continue operations on a lighter scale.
Jul 28, 2017, 14:27 PM IST
Shell, SoftBank among potential suitors for $5 bn renewable energy firm Equis
Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia`s largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said.
Jul 25, 2017, 14:17 PM IST
Flipkart to make revised offer for Snapdeal this week
One of the leading contenders in the Indian e-tailing segment, Snapdeal has seen its fortunes failing amid strong competition from Amazon and Flipkart.
Jul 10, 2017, 18:22 PM IST
Flipkart-Snapdeal deal: Negotiations on for higher offer
After Snapdeal's board reportedly rejected Flipkart's USD 850 million takeover offer, the two parties are now holding parleys over the USD 150-200 million valuation gap.
Jul 05, 2017, 18:03 PM IST
Credit Suisse reaches out to Snapdeal's minority shareholders
The beleaguered firm has a number of investors including PremjiInvest, Ontario Teachers' Pension Plan, Ratan Tata, Foxconn, Temasek and BlackRock among others.
Jun 23, 2017, 18:17 PM IST
Softbank inducts India-born Rajeev Misra into board
Japanese conglomerate Softbank on Friday announced induction of India-born Rajeev Misra on its board of directors.
May 26, 2017, 20:45 PM IST
