Prime Minister Narendra Modi is set to meet 200 startup entrepreneurs and CEOs who have set up successful business right from the scratch; today to discuss on a range of issues including job creation, income growth and innovation at a session organized by federal policy think tank NITI Aayog.
Indian ecommerce giant Flipkart has raised a record breaking funding of at least $2.5 billion from SoftBank Vision Fund, making its rival Amazon a huge blow and claiming its dominance in the market. The latest round of funding takes Flipkart’s cash reserves to more than $4 billion. Although, Flipkart didn’t disclose the amount, but said […]
Budget Hotels Chain FabHotels has recently raised an amount of $25 Mn in a Series B funding round led by Goldman Sachs, an American multinational finance company, that backed the likes of Uber and Spotify. Started in 2014 by Vaibhav Aggarwal and Adarsh Manpuria, FabHotels is a branded budget hotel aggregator wherein it partners with […]
Ratan Tata-backed Niki.Ai today said it has raised USD 2 million (about Rs 13 crore) in funding from San Francisco-based fund SAP.iO. The series A round also saw participation from existing investor Ronnie Screwvala’s Unilazer Ventures, Niki.ai said in a statement. The artificial intelligence startup has also received funding from Haresh Chawla (Partner at True […]
Flipkart has been named the top employer followed by Amazon and KPMG India in the second and third place respectively, according to a list compiled by internet professional network LinkedIn. Others in the top 10 of LinkedIn Indias most sought- after employers list include One97 Communications at the fourth place, Ola (5th), HCL Technologies (6th), […]
India’s most influential government think-tank has recommended lowering taxes and interest rates for loans on electric vehicles, while capping sales of conventional cars, signaling a dramatic shift in policy in one of the world’s fastest growing auto markets. A draft of the 90-page blueprint, seen by Reuters, also suggests the government opens a battery plant […]
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 […]
Digital payment firm PayPal has a partnered with Vistarooms.com to enable foreigners travelling to India book hotels in the country. “Vistarooms.com will help us further add to the existing list of travel and tourism partners that includes OYO rooms and Makemytrip. Additionally, our seller protection programme helps merchants safeguard their online services from frauds,” PayPal […]
Hero Cycles today introduced four e-cycles with electric pedal assisted technology under the Lectro brand, priced between Rs 42,000 and Rs 83,000. The company, which had launched the brand earlier this year in Birmingham, plans to expand the electric pedal assisted technology cycle (EPAC) portfolio in India to over 20 products over the next few […]
Leading taxi-hailing app Ola on Monday partnered with luxury car maker BMW, which the two companies claimed will go a long way in redefining on-demand luxury mobility in India. Ola claims it has around half a million drivers on its platform and the service, Ola Lux, is available in Mumbai, Delhi and Bengaluru to begin with, […]
MobiKwik, an Indian mobile payments network and mobile wallet announced that it has launched UPI on its platform. MobiKwik users can now load their wallet with e-cash using UPI. The company already has options of netbanking, credit & debit card and the exclusive cash pick up & cash deposit service for wallet loading. Speaking on […]
Life Insurance Corporation of India and other pension funds “must step in” to fund startups, Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said on Friday. “LIC and other pension funds must step in… definitely that money needs to be leveraged,” Abhishek said here at the India Economic Summit, jointly organised […]