June 20th, 2018It'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...
June 13th, 2018The e-commerce platform of Paytm known as ‘Paytm Mall’ has raised funds amounting to Rs 1500 crore from Japenese holding company SoftBank Group Corporation and its existing lender Alibaba Group Holding Ltd.
According to the reports, the recent funding is a part of the funding commitment of Rs 3,000 crore that was at first...
June 8th, 2018China’s biggest online payment platform Ant Financial Services Group which operates the Alipay mobile payment service, in its recent funding, has raised a huge amount of around $14 billion, with the aim to expand its platform across the globe and bring in latest technologies.
Ant Financial which is controlled by Jack Ma is an...
June 7th, 2018E-commerce giant Amazon is loading cash to its digital wallet for customers in India as it is actively pushing to deepen its footprint in the country battling competition from rivals-Alibaba and Walmart.
A letter dated June 5 issued to customers, which also marked the fifth anniversary of launch in India, Jeff Bezos, Amazon founder...
June 2nd, 2018China's leading artificial intelligence company, SenseTime has raised $620 million in its latest Series C+ round of fundraising, being the world's highest-valued AI company at a valuation of more than $4.5 billion. The company had raised $600 million last month Alibaba-led investors and Singapore’s state investment firm and now is back...
June 1st, 2018Chinese E-commerce Giant, Alibaba is gearing up its hold on Indian e-commerce landscape as it now is strategising itself to build its online marketplace business in the country.
Alibaba's executive and vice-chairman, Joseph Tsai informed in his media interaction that company is now increasing its focus on high-frequency use cases like...
May 29th, 2018A new list talking of world's most valuable brands has been released and dragon country China has bagged top spots for the very first time.
Ranked at No. 9, Jack Ma's Alibaba has joined along with Chinese Tech Giant Tencent alongside behemoth stalwarts such as Google and Apple.
Alibaba has witnessed its brand value go double to...
May 23rd, 2018Paytm, the leading Indian online payments company announced the acquisition of Orbgen Technologies Pvt. Ltd., the firm that operates TicketNew, a ticketing platform based in Chennai. The cost of the deal has not been disclosed yet, but according to stock based transactions, the deal is estimated to have cost between $30-40...
May 21st, 2018Paytm Mall, The digital arm of e-commerce giant company Paytm has announced its plans to introduce an umbrella of new services such as no cost EMI, Extended Warranty on products, Device Insurance and Easy Exchange across its online platform as well as offline partner stores.
Interestingly, the e-commerce arm of Paytm which received...
May 17th, 2018The Japanese Internet Conglomerate, SoftBank Group Corp is reportedly in talks over a possible investment in food delivery and online restaurant company Zomato as told by sources familiar with the matter.
The possibility of Softbank's future investment in Zomato has been speculating in the market since six months back when the...
May 15th, 2018Online Food Delivery Startup Swiggy is eyeing to raise $250 million instead of $150-200 Mn as speculated earlier. This development has come into play at a time when the Bengaluru headquartered company is seeing intense investor interest that would help the firm to amp up its valuation and raise more money.
Major Technology giants such...
May 9th, 2018Chinese Internet giant Alibaba has bought Pakistani e-commerce firm Daraz in an undisclosed deal in order to expand its operations in South Asia. The deal marks Alibaba's second wave of international expansion aiming to enter South Asia.
Daraz was founded in 2012 and is backed by European Tech Incubator Rocket Internet. It operates...
