Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow
War on ebay explores Jack Ma's mercurial mind
Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.
Together with the firm's partly-paid shares that were issued in the recent rights issue and are traded separately, the company had a combined m-cap of Rs 13.5 lakh crore or over $181 billion.
Meg Whitman is the wealthiest women in the technology sector.
'I approached the ministries for a response, but they did not respond on time, so I had to approach the court.'
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
The company is modelling its many ventures on Alibaba in China.
The overall e-commerce opportunity in India and China is comparable, yet it's hard to see any single player in India emerging with Alibaba-like market share.
His challenge now may be coping with Alibaba's undoubted status as a whale in the world of e-commerce.
The company may also proceed with a plan to spin off more than $30 billion in shares of Alibaba
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
Chinese bicycle sharing giant Ofo launches service in seven Indian cities.
Amid news that the company was planning to scale down its online marketplace business and eventually exit it, Paytm Mall is targeting Rs 10,000 crore in business over the next 12 months, says Karan Choudhury.
Bigbasket's founder V S Sudhakar said his company was reengineering its supply chain to allow for faster delivery to its resellers and to reduce the time from farm to customer.
China has overtaken the US as the world largest online retail market with $442 billion compared to US.
Paytm had received the approval for brokerage services from market regulator Sebi in January this year.
Diane Wang's DHgate makes inroads into India's e-commerce ahead of Jack Ma's Alibaba.
Analysts say consumers would be the real winners.
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
Nearly half of the investments by various US-based investors have been made in Reliance subsidiary Jio.
Grocery e-commerce platform BigBasket has faced a potential data breach which could have leaked details of its around two crore users, according to cyber intelligence firm Cyble. The company has filed a police complaint in this regard with the cyber crime cell in Bengaluru and is verifying claims made by cyber experts.
'E-commerce scams are not new, but what s more alarming is the covert cyber warfare the Chinese entities are launching in India on a repeated basis.'
Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.
Stay ahead of the game; learn the tricks from Ecom king Jack Ma.
The funds will be used to expand the merchant offerings across India to equip them with technology and various other services.
With the 21 unicorns collectively valued at $73.2 billion, India is the fourth biggest in terms of unicorns, behind the US, China and the UK, as per the Hurun Global Unicorn List.
The competition which BigBasket faces now is with the big three - Amazon, Walmart, and Reliance.
Internet, tech, infra, realty in India might gain
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
Its share among top three e-commerce players grew to 57% in March 2017 from 45% in June 2016
After gaining 300 million mobile wallet users in India, the firm has now expanded operations to Japan via PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation.
New York State, the epicentre of the coronavirus pandemic in the United States, continued to record the highest count of daily deaths from COVID-19 as a staggering number of 630 people died in a 24-hour period.
Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective Tuesday, a statement said. The deal comes days after Zomato had raised USD 150 million in funding from existing investor Ant Financial, an Alibaba affiliate, at a USD 3 billion valuation.
Thanks to technological support provided by BlinkIN, a Bengaluru-based intelligent visual-assistance company, engineers in Wuhan were able to remotely install air ventilation systems in two hospitals in Wuhan, the epicentre of the coronavirus pandemic, reports Peerzada Abrar.
PhonePe wants to dethrone its Alibaba and SoftBank-backed rival, Paytm, claiming that additional capital that Walmart will bring to the table will help it grow much faster
It aims to grow gross merchandise value to Rs 19,000-25,500 crore.
@015 has been a good year so far in terms of importan private equity deals.
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