Fresh capital will help Flipkart further grow its e-commerce marketplace in India as the world's second-largest internet market begins to recover from the COVID-19 crisis.
The advance bookings of Brahmastra are looking very good.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Their startup investments number 13 so far, compared to 17 deals in 2020.
For some teams, this will be the start of their quest for World Cup glory but for others, it will be the culmination of what has already been a long journey.
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.
'With just 2.4 per cent of global landmass, India houses six to eight per cent of planetary biodiversity and hence is a prime target of wildlife criminals.'
The company did not disclose the valuations at which funds were raised.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
Live lessons help students strengthen their JEE preparation. They can also track their progress over time, identify strong and weak areas, get insights on overall test-taking strategy.
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.
More than Indian exporters, it is Indian business families based in Sri Lanka and Hong Kong which have exploited the Bangladesh advantage
The unalloyed truth about the Ukraine-Russia conflict is that it is a war that Russia cannot lose and Ukraine cannot win, observes Colonel Anil Athale (retd).
'The Elephant Whisperers is a hopeful story of respect and cooperation with nature in an era rife with conflict and threat to our beautiful planet.'
Following a year of pandemic prompted no-show and another of backlash for its staggering lack of representation, the Golden Globes felt more atonement than awards ceremony in its 80th iteration.
US taxi-hailing firm raises the money from Saudi Public Investment Fund to support global expansion.
The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants. The RBI on Wednesday hiked the key benchmark rate by 50 basis points. Property consultancy firms Anarock, Knight Frank India, JLL India, Colliers India, India Sotheby's International Realty and Investors Clinic said that the RBI's move was on the expected line to control inflation and this would result in an increase in interest rates on home loans.
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.
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.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
'I am a non-resident Indian. I didn't come to India to shine a light on its negative aspects.' 'I came to India to showcase what I think are remarkable aspects of India and Indians on a global scale.'
Khosla said 85 per cent of Indian e-commerce firms were over-valued.
Even as the gaming industry battles multiple regulations in different Indian states, it has received more than double the amount of investment this year compared to 2020. Industry watchers attribute this to the growing popularity of gaming, spurred by the pandemic, and the innovative business models gaming firms have built. According to data from industry tracker Venture Intelligence, investment in India's gaming sector in 2021 has more than doubled to $794 million, as against a total investment of $339 million last year. In 2019, this number was $176 million. Marquee investors such as Tiger Global (Dream11), Sequoia Capital India (Mobile Premier League), WinZO (Griffin Capital Partners), Tencent (Dream11) and Matrix Partners (Zupee) have pumped money into the sector.
'The fun of laughing with everyone and getting scared with everyone is something you cannot recreate anywhere else.'
Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil.
Dravida Munnetra Kazhagamchief M Karunanidhi on Wednesday said Sri Lanka's Defence Secretary Gotabhaya Rajapaksa's statement -- that Liberation Tigers of Tamil Eelam's cadres were still trying very hard to revive the conflict -- was aimed at diverting the world's attention from the alleged human rights violations in the island republic.
Most Indian start-ups and e-commerce are largely funded by foreign investors
With Nikesh Arora's exit from Softbank, India's start-ups have lost one of its biggest supporters.
Nasscom and the Chinese government have given the task of creating a matchmaking platform to Zeta-V, set up in June 2017 in Shanghai by Sujit Chatterjee, former CEO of TCS China, and Rangarajan Vellamore, former CEO of Infosys China.
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.
Homegrown chat application Hike messenger on Wednesday said it will offer free voice calls to its users over 2G, 3G and wi-fi services across the globe in over 200 countries.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Sri Lankan President Mahinda Rajapaksa's address at the ceremony to pay tribute to the War Heroes on May 23, 2009
Golf great accepts Medal of Freedom at White House from business partner and US President Donald Trump
Flipkart intends to use the funds for building and strengthening its technology capabilities, bolstering the robust supply chain and developing the talent pool.
India captain Sunil Chhetri added another feather to his illustrious cap as he overtook Argentina star Lionel Messi to become the second-highest goalscorer among the current players in international football.
The concept of investigative journalism is vanishing in the Indian media landscape, Chief Justice of India NV Ramana said on Wednesday.
Ola Cabs acquires TaxiForSure in $200-mn deal.
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