April 16th, 2015 //
India's leading Taxi-booking app Ola has raised $400 million in the series E round of funding from from Russian investor DST Global along with GIC, Falcon Edge Capital. According to the company, the existing investors SoftBank Group, Tiger Global, Steadview Capital, and Accel Partners US also participated in this round. With...
April 8th, 2015E-commerce giant Snapdeal today acquired online mobile recharge firm Freecharge in India's biggest M&A. The exact amount of the deal is not disclosed yet, but it could be over $400 million in cash and stock, as per sources.
Exceeding the previous biggest M&A in internet consumer space by Flipkart buying Myntra for app. $300...
January 30th, 2015Indian taxi giant Olacabs may buy TaxiForSure very soon. The acquisition is expected to be valued at $250 million. The deal will certainly give an upper edge to Olacabs to boost competing strategies against Uber, which is currently the dominant player among taxi aggregators.
Co-founded by IIT-Bombay graduates Bhavish Aggarwal and Ankit...
January 29th, 2015Hike, an Indian messenger app spiced-up the market by launching free voice calling. Technically called VoIP, the service will allow Hike users to connect over vocal calls across 200 countries in which Hike is currently active.
The launch may be a positive effect of the recent acquisition of US-based voice calling company Zip Phone by...
