Flipkart intends to use the funds for building and strengthening its technology capabilities, bolstering the robust supply chain and developing the talent pool.
At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
Zopper, a price comparison site, with 2,000 online and 200,000 offline merchants on board, aims to increase user activity 100 times in 3 years.
Currently the average expected time of arrival for Ola vehicles is five minutes.
The family office category was up 38 per cent, led by names such as Ratan Tata, Ronnie Screwvala and various Infosys co-founders.
Snapdeal had appointed merchant bankers for listing on an American stock exchange
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
Yuri Milner is focussing on on consumer-driven Internet start-ups.
UrbanClap's business model is still a work in progress.
While the redeployment of talent from companies that have shut down into other start-ups is a great move, some say the gesture is gaining more visibility than the actual companies
Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow
LocalOye is a Bengaluru-based marketplace for local household and personal service providers.
Of all the tremors to rock the start-up world of late -- Snapdeal's layoffs, Stayzilla's shutting down, Flipkart's frequent devaluations -- nothing will match the rumble at ShopClues for poignancy.
Enguru app's 40-hour programme teaches general spoken English & employability-focused English.
Shopclues, the latest unicorn, was at the bottom of the sector loss pie.
Nikesh Arora has an engineering degree in electronics and worked for a brief period at Wipro, selling computers.
With aggressive brand-building initiatives, the companies' advertising budgets ahead of Diwali is understood to have seen a 15% spike
With its free listing of goods and services, Facebook could disrupt the paid model adopted by classified players in the country, say Ayan Pramanik and Raghu Krishnan.
Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
Meru Cabs' founder says they were a traditional company.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.
OlaCabs' hyper-growth and an ambitious plan to expand to 100 cities by the end of 2015 are perhaps what attracted Japan's richest man, Masayoshi Son, chairman of telecom and media group SoftBank Corp, to announce an investment of $210 million (around Rs 1,260 crore) in the company.
'If you allow Walmart to operate in India, our manufacturing will finish completely.' 'What will happen to Narendra D Modi's dream then? There will be no Make in India.'
The company did not disclose its new holding pattern.
As with stocks, real estate and art, investing in start-ups has emerged as an asset class in itself.
On one hand, Limaye will have to battle legacy issues, while, on the other hand, he will have to ensure that the exchange is able to maintain its leadership position.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
None of the top five start-ups launched by IITians - Flipkart, Zomato, Ola Cabs, Housing.com and Inmobi - were incubated at IITs
The numbers in India may not be as big but the opportunity for serious growth is all there.
The international investors who are investing, merging and shaping India's new ecommerce start-ups are betting that if China can produce an Alibaba with an expected market value of $ 170+ billion market value when it does its IPO, India should produce at least one or two with a $5bn+ market value, says Ajit Balakrishnan.
Quikr founder & CEO Pranay Chulet tells Raghu Krishnan and Bibhu Ranjan Mishra why money has never been an issue for Quikr and that someday he will make a romantic comedy.
Two IIT-B grads cracked the cab aggregator code, tasted success & failure.
Vikramank Singh looks back at the year gone by!
The Chinese billionaire and founder of Alibaba is said to be planning a significant investment in business to business e-tailing as well as payment services and logistics companies.
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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
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