Milkbasket, the grocery and milk delivery startup, recently raised $7 million in a series-A funding round led by Kalaari Capital. This funding round also saw the participation of existing investors Unilever Ventures and Blume Ventures and the arrival of new investor Beenext Ventures. The milk and grocery delivery space has seen several investments in recent […]
Rocketium.com Technologies Pvt. Ltd, the video creation platform recently raised Rs 2 Crore ($ 300K) as seed funding round from Blume Ventures, the early stage-focused venture capital firm and several angel investors. The additional investors include Raghunandan G., co-founder and former CEO of TaxiForSure, now acquired by Ola; Hari TN, who heads the human resource […]
Adobe announced yesterday that it has made the acquisition of Magento for the amount of $1.68 billion. The purchase of the company has been done to enable Adobe to set up an e-commerce platform that caters to B2B and B2C and will be an appropriate addition to the company’s Experience Cloud. It will also bolster […]
Many image conscious investment firms are selling or rethinking their Facebook Inc. shares as they grow discontent with the firm’s way of strengthening personal data protection and online safety after several scandals surfaced about the improper management of user’s information by Facebook. Backing out from the world’s largest social media network is surely the strongest […]
Egypt’s Annual Startup Event Technie Drift 2018 came to a close last week with its entrepreneurial roadshows taking 25 startups from across Egypt through a 5-day Bootcamp on a Nile Cruise from Luxor to Aswan with an exclusive selection of entrepreneurial mentors and expert speakers. The startups were carefully toured through 8 cities of the […]
The Goldman Sachs Backed startup Circle has announced a new cryptocurrency pegged to the dollar and a $110 million investment round led by profitable crypto-mining company Bitmain on Tuesday. The company is rolling out a digital version of the U.S dollar with a cryptocurrency pegged to it. Interestingly, Circle is one of the most well-funded […]
Masayoshi Son, founder of SoftBank Group Corp, the world’s largest private equity fund, announced that he was keen to set up a second Vision Fund in the near future, despite still having capital remaining in its $100 Bn Vision Fund of May 2017. In a conference held in Tokyo, the business mogul stated that capital […]
Cloud-based Telephony Company Knowlarity Communications Pvt. Ltd. has reportedly acquired Mumbai based Sunoray Solutions Pvt Ltd. in an undisclosed amount. Post this acquisition, Knowlarity will keep hold of Sunoray’s small and medium-sized enterprise market as well as artificial intelligence and machine learning products, as revealed in the company statement. Ambarish Gupta, Founder and CEO Knowlarity […]
China’s Largest Ride Aggregator Service, Didi Chuxing has reported to halt one of its domestic services for over a week following a death of female passenger that sparked questions on safety this Friday. The killing of a 21-year-old flight attendant in the central province of Henan last week diverted attention leading to an intense debate […]
Chinese Multinational Agglomerate, ZTE was hit by a ban from Washington, forbidding U.S firms from supplying it with components and technology allegations of violating against U.S export restrictions by illegally shipping goods to Iran. The U.S ban which threatens to cut ZTE supply chain came amidst the heightened tensions over a possible China-U.S Trade War. […]
Walmart. Inc has officially acquired Flipkart for $16 billion in a deal that soared the valuation of Indian e-commerce platform to over $20 billion, making it the biggest e-commerce acquisition ever globally. The brick-and-mortar company acquired 77% of the Indian e-tail business. The news was also confirmed by previous Flipkart investor, Softbank CEO, Masayoshi Son […]
The Stock Market is one dynamic landscape where one can never be sure of what might take shape the very next moment. Last few months have witnessed a large number of IPO’s getting SEBI’s approval for public listing. But, how have they performed? Surprisingly, more than half of the listed Initial Public Offerings (IPO) stocks […]