E-commerce players in India are bound to succeed because of huge market opportunities, and the coming Diwali season will be a pointer to where this space is headed, says Infosys co-founder Nandan M Nilekani. He is also of the view that a prudent cash management and improved customer experience will stand them in good stead. […]
Car Renting Platform Spinny raiseS USD 43.7 million funding led by Fundamentum Partnership (FP).
How a 2009 Satyam Scam changes the Indian IT industry and tarnished the credibility of India’s IT companies.
Agri-tech startup Ninjacart has raised Rs 250 crore in a series B round of funding. This round was led by Accel US and Syngenta Ventures which is dedicated to invest in the agriculture sector. Others like Korean investment company Neoplux, Jo Hirao, founder of ZIGExN, HR Capital and Trifecta Capital. Along with the new set of investors the company said that its […]
Technology giant Google and Chinese smartphone maker Xiaomi are eying an investment in an app called ‘Where Is My Train’ that provides live updates on trains without the use of internet and GPS. Google is in talks to acquire the two-year-old startup, whereas Xiaomi has held discussions for an investment. It is expected that Google […]
Following a number of delays and a few hurdles, the updated version of UPI which is commonly called UPI 2.0 is set to be introduced to the people by the National Payments Corp of India. The UPI 2.0 will be launched today at an event in Mumbai. Urjit Patel, the Governor of The Reserve Bank of India […]
B2B firm ShopX has reportedly raised an amount of $35 million in a fresh funding round from Fung Strategic Holdings. The primary purpose of this funding is to fuel the company’s expansion plans. The funds so raised are being planned to use in the strengthening of ShopX’s products and engineering teams. Along with this, the […]
Online medicine marketplace, PharmEasy is eyeing to carry forward a $40-50 million funding round led by Fundamentum Advisors (owned by Nandan Nilekani and Sanjeev Aggarwal) and Eight Roads Ventures (the proprietary investment arm of Fidelity International). This particular funding round is expected to close over the next two weeks, and will possibly witness participation of the existing investors […]
IT Major Infosys has announced the resignation of its independent director, Ravi Venkatesan which would mark the first board-level departure since Nandan Nilekani took over the chairmanship of the company more than eight months back. Ravi who became Independent Director in 2011 has decided to leave the company to acquire “an exciting new role“, said […]
Shekhar Gupta, the editor who turned entrepreneur, received an investment of INR 3.49 Cr for his digital media platform, The Print, from existing investors Ratan Naval Tata in what seems to be an extended seed round. The parent company, Printline Media Private Limited prearranged 343 Seed debentures each worth INR 102,000 on March 12, 2018. […]
Indian Railway query platform RailYatri is in talks to secure a funding of $10 million from its existing investor Omidyar Network, a philanthropic investment firm. This third round of funding will also see participation from its other existing investors including Blume Ventures, Helion Venture, Nandan Nilekani according to the source ET. “While the talks are […]
India’s most valued company Reliance Industries Limited chairman Mukesha Ambani and wife Nita Ambani topped the trending business leaders list in Google Search in 2017. The most valued couple is followed by other business leaders who appeared quite frequently in the news of 2017. Azim Premji, chairman of Wipro Limited made it to the third […]