December 24th, 2018
OYO Hotels & Homes is “well-capitalised” and will be doubling down on growth in its home market of India. From the ongoing funding round, it plans to invest a fifth, or $200 million, in Asia’s third-largest economy.
The SoftBank-backed company, which is in the process of raising $1 billion (Rs 7,000 crore) from a...
November 23rd, 2018San Jose-based GlobalLogic, an engineering services company has reported that it will now actively look forward to acquisitions in cybersecurity, retail, medtech and automotive sector. The idea behind this is to grow to a $2 billion business in the next five years.
The IT outsourcing firm is on track to clock $650 million in...
November 23rd, 2018A joint study by Omidyar Network and Boston Consulting Group (BCG) has reported that digital lending to micro, small and medium enterprises (MSME) in India can grow upto 7 lakh crore by 2023, a 15x increase in annual disbursements.
“As of 2018, most of the credit demand for $600 billion is being met through informal sources,”...
November 21st, 2018The online grocery player BigBasket that aims to be a billion-dollar company by the next fiscal year, is expecting 40 percent of its projected revenue to come in from its private labels.
The company is expecting to clock Rs 3,500 crore in sales this fiscal year, up from Rs 2,000 crore last year.
"Private labels are around 34 per...
November 12th, 2018China's AI industry has embraced rapid growth in recent five years. China's large population created advantages in big data, which is the key driver for AI ecology today represented by deep learning.
"At the basic scientific level, there is still a gap between China and the United States. While at the application level, China is able to...
October 18th, 2018Indian internet and e-commerce conglomerate Infibeam which is one of the most important companies in the country has lost 71 percent of its market value on a single day after a WhatsApp message circulating among traders raised issues about the e-commerce company’s accounting practices.
The stock of the company collapsed as much as...
October 5th, 2018China’s software and IT sector are reportedly witnessing faster growth in terms of both revenue and profit in the first eight months of the year. According to the Ministry of Industry and Information Technology (MIIT), the total revenue of the sector was around $574.19 billion (3.95 trillion yuan) in January-August, increased from 14.8...
September 28th, 2018US fintech startup Stripe has reportedly raised funds amounting to $245 million in a financing round. The funding round has valued the company at $20.25 billion, a dramatic surge from its most recent $9.2 billion valuation in 2016.
The funding round was led by billionaire investor Chase Coleman's hedge fund Tiger Global Management,...
September 15th, 2018The internet of things (IoT) market in China reached more than 1 trillion yuan ($146 billion) last year, and is expected to maintain rapid growth in the next few years. In China, IoT has enjoyed a compound annual growth of more than 25 percent from 2009 to 2017, and the IoT cloud platform has become the key to ignite competition in the...
July 25th, 2018Hexaware Technologies, an IT services firm recently reported a profit after tax of Rs 153.6 cr for the second quarter of 2018, up 14.3% sequentially and 25.4% year on year.
The revenues reported by the company are of Rs 1136.7 cr, up 8.4% sequentially and 15.4% YoY. In dollar terms, constant currency revenue was at $169.8, up 4.7%...
November 8th, 2017Observing that the recent increase in Indias ease of doing business ranking by the World Bank was long overdue, a top Indian American economist today said the country as a place for business is a lot more attractive than its ranking suggests.
Investors usually go where the environment is the best and not where the World Bank collects...
