Xiaomi, the Chinese electronics and software company, came in the Indian market in July 2014, disrupting the market with affordable, good quality and reliable phones that drove sales instantly in an upward trajectory. India now represents a major market for Xiaomi, evident considering the high volume of funds poured on marketing and advertising to maintain […]
Social Media Giant, Facebook is eyeing to enter a larger piece of country’s e-commerce market which is currently gearing up a faceoff between world’s largest retailers and arch-rivals Flipkart and Amazon. The company is ongoing talks with several businesses and brands to list on Facebook Marketplace. As per the sources are to be believed, it will […]
boAt, a lifestyle brand that delivers consumer technology products raised its seed funding of Rs 6 crore from Fireside Ventures, an early-stage consumer brand-focused investment firm. boAt specializes in providing consumer electronics goods with a touch of fashion. It primarily provides products such as earphones, headphones, speakers, travel charge and premium rugged cables. It aims […]
Emotix, a revolutionary robotics, and consumer electronics company raised a funding round of over $2 million from IDG Ventures India and YourNest. This funding round also saw the participation of existing angel investor, Keshav Murugest, Executive Officer of WNS Global Services. Emotix, a Mumbai-based company now claims leadership over the social robotics market after taking the […]
Chinese Device Maker Lenovo Group Ltd is looking forward to making smart wearables in India and raise its local market by three folds, a plan that will help to push Prime Minister Narendra Modi’s vision of making India an electronics manufacturing hub. Sebastian Peng, Head of Accessories Lenovo Mobile informed in an interview that the […]
Twitter Co-founder Biz Stone has invested in his “personal capacity” in a Delhi based health startup that makes use of an artificial intelligence bot in its app, as he wants to contribute to a future where AI is seen as a “positive enhancement of humanity”. “Visit”, founded in 2016 is an on-demand healthcare service provider […]
Baba Ramdev led Indian FMCG company Patanjali Ayurved registered an online sales of up to Rs 15 crore every month and expect it to grow further every month. “Our online business is between Rs 10 to 15 crore per month, and expecting to increase it further every month. Our online business is doing good despite […]
Accel Partners, a private equity investment firm has invested about Rs 40 crore in online freight logistics firm Cogoport. In a press release, the Cogoport said, “it has secured Series A funding round from Accel Partners, however, the company did not disclose the amount it has raised but according to our sources the amount is around […]
Walmart, the American retail guru is keen to buy stakes in Indian e-commerce company, Flipkart and the rumors circulating suggest that the Indian firm would boast a valuation of $20 billion once the deal is completed. Anonymous sources close to the company suggested that Walmart is set to buy out the shares of Flipkart and […]
Ola is reportedly considering setting up an independent food-tech company after acquiring food ordering app Foodpanda in December and began negotiations to acquire additional private food firms. Ola has already held talks with Freshmenu officials and another firm operating in the same market segment, according to three anonymous sources close to Ola. As of yet, no […]
India is a fast evolving and developing country with ever-more resources and capital being poured into the Indian web market to digitalize the country. A particular tool that has allowed this digital development has been the introduction of cheap and reliable smartphones in the market which allowed a large portion of the country to afford […]
Paytm has been all over the landscape these past few weeks and days with major consecutive news announcements. This time, Paytm mall, the e-commerce daughter business of Paytm has raised over $445 Mn in funding from Japanese conglomerate SoftBank and Alibaba, the Chinese e-commerce giant. Regulatory filings reveal that SoftBank has been the major investor […]