World is contracting with the growth of mobile phone technology with the number of mobile phone users increasing day by day. Starting with simple regular devices which were used just for making phone calls, mobile phones have entirely changed our lives and have become a vital part of it. Now, they are not only used […]
Online parenting company BabyChakra has reportedly secured an undisclosed amount of funds in a funding round. The round was led by investors including Mark Mobius & Rajesh Sehgal backed Equanimity Ventures Fund, Facebook’s director Anand Chandrasekaran and OYO’s Chief Strategy Officer Maninder Gulati. The funds so raised will be utilized in strengthening the company’s region and vernacular […]
With the emerging market of electric vehicles all across the world, Indian Prime Minister Narendra Modi has also taken a step forward for the promotion of electric vehicles in the country. The Prime Minister on Friday stated that the government is soon going to introduce a policy on electric vehicles and alternative fuel technology to give a boost to […]
In the last few years, India has been witnessing a huge growth in the number of startups and thus, the birth of entrepreneurs in the country has also risen. With this, our country has got such an amazing number of talented and hard-working entrepreneurs that have helped India to reach a different level of success. […]
Funding refers to the process of raising funds for the purpose of business growth and these days funding has become a very important part of the business and startup world. Without funding, it is quite impossible to think about the growth of a business. The last week was quite eventful in terms of funding activities […]
San Francisco-based Getaround, a car-sharing platform that provides instant and keyless car sharing has raised an amount of $300 million in the latest Series D funding round. The particular funding round was led by Japan’s SoftBank Group. The other investors that were a part of this funding round included Toyota Motor and some other existing investors. The funds raised by the […]
A ride-hailing firm based in Singapore called Grab has raised funds amounting to $1 billion from a clutch of financial firms. These financial firms included global asset manager OppenheimerFunds and China’s Ping An Capital. Other investors that were a part of the funding round were Microsoft co-founder Paul Allen’s Vulcan Capital, Macquarie Capital and Lightspeed Venture Partners. This […]
Hospitality company Treebo has laid off between 70-80 workers, or about 10% of its 800- strong workforce. Currently, It consists of 800 people working under its brand. These layoffs are in line with the company’s efforts to double down on its technology products and processes even as it looks to rationalise prices. Treebo Hotels is India’s third largest hotel […]
ETechAces and Consulting which operates PolicyBazaar.com has raised over USD 200 million (around Rs 1,360 crore) through a fresh round of investment led by Japans SoftBank. In a statement, the online insurance aggregator said, “it has clinched over USD 200 million in an investment round led by SoftBank Vision Fund, with participation from existing investors, […]
It’s just been three months when Food Delivery Platform Zomato raised $200 Mn from Ant Financials and now it is gearing to raise fresh $200 Mn from Alibaba. Interestingly, Zomato’s arch-rival Swiggy is too nearing to acquire unicorn status as it is reportedly raising $200 million from Yuri Milner’s DST Global. While Swiggy has declined […]
Softbank Group Corp has promoted Rajeev Misra, the chief executive officer of Vision Fund as the executive vice president of the Softbank board of directors, a move that would now place the director in the list of those in the line up to succeed the Tokyo-based company’s founder Masayoshi Son. Misra took over as CEO […]
Softbank is finally putting an end to the months of speculations over his future with Flipkart post the Walmart acquisition deal. The Japanese conglomerate has now agreed to sell its 23.6% stake in Indian e-commerce major Flipkart to its new owners, Walmart for around $4 Bn. Several reports varied over the future of Masayoshi Son’s […]