Diptab, the owner of trucking logistics company LetsTransport has secured funds amounting to Rs 100 crore ($14.2 million) in Series B funding. This round was led by Bertelsmann India Investments and a Japanese-origin investor. Fosun RZ Capital, the venture capital arm of Chinese conglomerate Fosun International, participated in the round earlier this year. It has been reported that the developments […]
The popular edtech platform Byju’s has raised funds amounting to $400 million in a financing round led by Naspers Ventures and CPPIB. Naspers is a venture arm of South African media giant best known for its early bet on China’s Tencent. On the other hand, CPPIB is a new investor. A private equity firm GeneralAtlantic, which has […]
Funding is a very important part of business and without funding, it is quite difficult for startups to grow. Funding provides the base to startups. This week, we saw various funding activities, out of which the maximum funds were raised by an insurance company. The maximum funds raised were $200 million. Let us now have […]
PhonePe, a Flipkart-owned digital payments platform will now offer an IRCTC micro-app on its platform. The company has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to carry forward with this process. This development has come three months after PhonePe struck a partnership with IRCTC to facilitate digital payments on the IRCTC Rail connect […]
Healthtech startup Niramai has secured funds around $6-7 million in a funding round. The round was led by existing investors Pi Ventures, Axilor, Ankur Capital and Flipkart cofounder Binny Bansal. Niramai Health Analytix is building an artificial intelligence (AI)-based tool for a non-invasive, non-touch, non-radiation approach to detect breast cancer. The technology, called Thermalytix, helps remove the technological, logistical and cost […]
Future Group’s founder Kishore Biyani is negotiating an agreement with Amazon that will offer the company the option to buy him out in the future. Both sides are drafting a call and put option in their share purchase agreement that will allow Amazon to call for Biyani’s stake in flagship Future Retail Limited (FRL) over the long term, possibly […]
Various companies are taking steps to halt the sale of their products at predatory prices in an effort to curb dilution of their brand equity, prevent cannibalisation of offline sales and thwart efforts to push fake products. With this, some are entering into or strengthening direct selling arrangements with online marketplaces. Companies like Sony, Apple, LG and Eureka Forbes are […]
Japan’s investment major Softbank investment Advisers, which invests through the SoftBank Vision Fund, is looking forward to deepening its play in India’s technology ecosystem, and thus, the company has announced plans to open an office in Mumbai in India. For this purpose, the company has even roped in Sumer Juneja to lead the same. Norwest Venture Partners’ Sumer […]
The popular healthcare startup Cure.fit has reportedly acquired a Bengaluru-based mental health platform Seraniti. Following the acquisition, the company will have over 70 centres for this vertical. Also, with this, it is trying to boost its mental wellness business Mind.fit. As a part of the deal, Cure.fit will onboard Seraniti’s team of 15 therapists and its 8,000 customers. Seraniti […]
The e-commerce fashion players Myntra and Jabing that have played a major role in the industry are reportedly merging and this has come days after Walmart put the two fashion businesses of the Flipkart Group under direct control of CEO Kalyan Krishnamurthy. “Since Myntra’s purchase of Jabong in mid-2016, the two brands have been steadily integrating key […]
Amazon has struck a deal with Apple to directly start selling more Apple products in India and other markets like United States, United Kingdom, France, Germany and Japan among others. In the coming weeks, Amazon will start offering the latest editions of Apple’s iPhone, iPad and other devices like Beats headphones in these markets. The online retail giant will however […]
The online sales of smartphone in India got a hype during the festive season sale on various e-commerce platforms and thus, it is all set to cross the 50 million mark in a year for the first time ever in 2018. The year was driven by discounts, buy-back offers and easy financing options offered by […]