After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sources with direct knowledge of the matter, the solar-to-tech conglomerate is seeking to secure […]
Indias largest e-commerce firm Flipkart has raised USD 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal. The biggest-ever fund raising by an Indian Internet firm values Flipkart at USD 11.6 billion, the company said in a statement today. With […]
One of the leading Venture capitalist SAIF Partners has sold its entire 11 percent stake in MakeMyTrip and the transactions are estimated to be 400 Million, a largest cash exit in India’s venture capital industry. The news was first reported by economic times. Founded in 2000 by Deep Kalra, Keyur Joshi and Rajesh Magow, Makemytrip shares […]
REUTERS- India has the highest level of collaboration globally between sales and marketing departments to strengthen their relationship to drive business success and achieve revenue growth, showed a research by network tech giant Samsung Electronics Co Ltd, under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company […]
Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion (roughly Rs. 33,604 crores), according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncertainty about Yahoo’s future after […]
WeWork Cos, the office-space sharing start-up with an estimated $16 billion valuation evicted one of its tenants which wrote and take down a negative blog on medium that suggests members leave has surged in recent months. The posting on Tuesday by Justin Zhen, whose data analytics firm Thinknum operates out of a WeWork site on […]
The Chairmam of Piramal Groups has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on Monday. Chennai-bases Utoo was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasankaran, a former owner of telecom firm Aircel, said. The […]
Ride-hailing companies Uber and Didi have brought many new dimensions to the startup industry, such as making billion-dollar-plus funding rounds routine. Now, they have added another to the list: sharing big investors who are backing both companies, even though they are fierce rivals. Uber, the leading ride service in the United States and much of […]
Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute’s Global Conference in Beverly Hills, California, at least four panels so far have focussed on technology taking over markets […]
Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with the matter. The shortlist comprises mainly large companies and big private equity firms including TPG Capital LP, and […]
Yahoo Inc officially launched the sale of its core business on Friday, a move seen as a positive step for frustrated investors but not enough to keep an activist hedge fund from pursuing a proxy fight against the struggling Internet company. Yahoo shares jumped after the company announced its board has formed a committee of […]
NEW YORK: Forty-five Indians and Indian-origin people have made it to Forbes’ annual list of achievers under the age of 30 who are “changing the rules of the game or creating entirely new playbooks” across varied fields. The Forbes fifth annual ’30 Under 30′ list features 600 women and men, who are America’s “most important […]