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 […]
Veritas Finance, a Non-Banking Financial Company (NBFC) based in Chennai received Rs 23 Crore as in debt financing from Incofin Investment Management which is a fund manager company based in Belgium. The NBFC first allotted 230 Non-Convertible Debentures (NCDs) worth Rs 10 lakhs each on March 26, 2018. So far, Veritas Finance raised over Rs […]
Hinduja Global Solutions (HGS) announced that its daughter company Hinduja Global Solutions UK Limited has bought out 57% stake in Element Solutions, which is a digital consulting services company for a $5 million consolidation. The deal is scheduled to be completed in 15 days and will serve to improve the digital marketing and digital experience […]
US President Donald Trump slammed American e-commerce and cloud based company “Amazon” for paying “no-taxes” to local and state government and is reportedly seeking for more stringent regulations on the Seattle-based company, which is currently a global name all over the world, including India. In his tweet posted on Thursday morning, Trump directed his aim […]
Omni-channel platform Fynd closed Series C round of funding led by Google. The other active investor’s group like Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, Patni family office and Hong Kong-based Axis Capital among other angel investors in the round. Fynd’s latest round of funding will enable the platform to further enhance the way it engages […]
BillDesk, a payments gateway is looking to sell its company as the company’s private equity investors want to leave the company due to an overall growing interest of investing in payments market, according to reports. Those investors include private equity companies TA Associates and General Atlantic and venture capital firm Clearstone Venture and government held Singaporean […]
Indian government launched an e-commerce portal to support tribes in India. The tribal ministry launched the portal www.tribesindia.com and an android app “Tribes India”. The website looks good and shows the handcrafted products in segments like fashion, bags etc. Indian Tribal Affairs Minister Jual Oram also launched the Tribes India banner on India’s leading e-commerce portals […]
Brokerage firm giant ICICI Securities decreased the amount of its initial public offering to almost Rs3,500 crore after the opening sale met a slow start, particularly since targeted individuals with large assets didn’t seem interested. ICICI Securities is the third daughter company of the ICICI Group to join the market since 2016 and overall fourth […]
India based online e-commerce platform ShopClues revenues grow 60 percent this fiscal, while losses have been trimmed by almost 40 percent compared to the previous year as per the press release published by the company. The Gurgaon-based company focusses on categories like fashion and strengthening position in tier III cities and beyond to push the growth. Shopclues will […]
Bandhan Bank, a private Indian bank and a financial company, with its headquarters situated in Kolkata, is all ready to list its shares in both BSE and NSE, on 27 March. Having received a positive reception in IPO with about 14.6 oversubscribes, the bank is intended on raising 45 crores that would primarily help in […]
The Hyderabad based ready-to-eat popcorn maker Popicorn has raised funding of ₹99 Lakhs from Avia Wealth, a London-based wealth management firm. Operated by Timla Foods Private Limited, Popicorn started in early 2016 by Prashanth Gowriraju, Arun Sahlam, N V Prasad and Naveen Alzapur. Arun is the previous founder of CarWale, an online platform for research, […]
After announcing a capital investment fund called ‘10100’ on May 7th intended for investment in startups, Travis Kalanick, former CEO of Uber Technologies sacked by his company in June last year is back on track in the entrepreneur world. My new gig… pic.twitter.com/vpD528cdyf — travis kalanick (@travisk) March 20, 2018 Kalanick announced today that he […]