Recently, Slice, a payment app, acquired a 5 per cent stake in North East Small Finance (NESF) for $3.42 million - the first such deal by a fintech in a small finance bank. Slice (valued at $1.5 billion, and backed by Tiger Global, Blume Ventures and Axis Bank) will technically get a toehold in a scheduled commercial bank if NESF were to get a licence to morph into one down the line Such a transition is well within the banking regulator's declared framework. The transaction has to be seen in a larger context.
The state government says Ola was using its existing cab aggregator licence to promote bike taxi services.
India is currently home to 52 unicorn startups and one of the fastest-growing startup ecosystems.
Most Indian start-ups and e-commerce are largely funded by foreign investors
The Chinese government is imposing severe restrictions on their tech companies - whether it is on data security, marketing practices or floating an IPO. Should this be music to the ears of Indian start-ups and home-grown private equity (PE) funds? Ask Indian start-ups and the answer is a resounding "yes".
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
While managing their finances, individuals can make it a rule to seek advice from an expert or feedback from a trusted colleague or friend.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
'We had a great product for the global market and we could sell it globally resulting in this amazing growth.' 'When customers come online and buy a product, they don't look at whether it is created in India or somewhere else.'
Investors spent much of 2016 cleaning house. And a VC tells Ranju Sarkar, "There's still some bad news left in the portfolios (of VC firms). What happens to Ola and Flipkart will drive sentiment in future."
The PE biggie has committed to pumping money into Jio Platforms, Byju's and Reliance Retail so far this year - all marquee names in their respective sectors.
Fairwork focuses on five principles of fair gig work: Fair pay, fair conditions, fair contracts, fair management, and fair representation.
Tencent reinforces India's consumer internet story. Ranju Sarkar reports.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
They encouraged start-ups to pay for acquiring customers rather than focusing on the business fundamentals.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
Major General S C N Jatar, who passed into the ages on Monday night, thwarted anti-national forces at the peak of the Assam agitation. Colonel Anil A Athale (retd) salutes this officer and gentleman.
India added three 'unicorns' per month in 2021 to nearly double the overall number of startups valued at over USD 1 billion to 51 as of end-August, a report said on Thursday. Even as, cumbersome regulations are forcing startups to leave India and settle in other countries where they enjoy better treatment, as per the Hurun India, which prepared the list. It can be noted that over the last few years, dedicated efforts have been undertaken to hone the startups ecosystem by the government through flagship initiatives like 'Startup India'.
In a statement, the ministry also said several steps have been planned to support the cheetah project, including the establishment of a Cheetah Research Center with facilities for rescue, rehabilitation, capacity building, and interpretation.
When asked if the African cheetahs will adapt easily to the Indian habitat, she said that the species are adaptable and India has a history of their presence.
Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now valued at about $577 million.
Yuri Milner is focussing on on consumer-driven Internet start-ups.
'AI is not a new thing for us. We started our AI journey in 2015.'
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
The stock-and-cash deal is the biggest in the education space.
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
Even at early stage, start-ups are raising more money faster owing to the rise of a lot of specialised early-stage VCs and emergence of seed-stage programmes.
The pandemic has confined students across all ages to home and digital education is the only way to continue learning.
This is the sixth consecutive markdown in the valuation of Flipkart by the US firm.
In India, where it is tougher to do business, a start-up gets established by the Series-B stage, and it gets expensive for investors.
The company did not disclose its new holding pattern.
With aggressive brand-building initiatives, the companies' advertising budgets ahead of Diwali is understood to have seen a 15% spike
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
US taxi-hailing firm raises the money from Saudi Public Investment Fund to support global expansion.
India's shift towards US companies for technology investments and partnerships fits well with the present government's 'Atmanirbhar Bharat' and 'Make in India' initiatives, say experts.
Fresher hiring is expected to more than double compared to last year.
The silver lining is that after two years, e-commerce has emerged as the top sector with $689 million in investments across 15 deals, accounting for 43 per cent of all investments in January 2021.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
More than anything else, Pathaan is a silent and subtle statement of Shah Rukh Khan about his place, his commitment to cinema and, if one can say, his politics, observes Mohammad Asim Siddiqui.
A bench of Justices BR Gavai and Vikram Nath was told by the Centre in its application moved by additional solicitor general Aishwarya Bhati that a status report in this regard will be filed before the court within six months on the basis of the advice of the experts on the tanslocation of Asiatic lions from Gir to Kuno.
