June 19th, 2018India’s leading payment gateway Paytm on Tuesday has reportedly acquired Cube 26, which is a New-Delhi based technology company backed by Flipkart and Tiger Global.
The tech firm had raised a seed funding from both the investors amounting to $7.7 million in 2015. The start-up was founded by Saurav Kumar, Abhilekh Agarwal, and Aakash...
May 31st, 2018The biggest acquisition in e-commerce that shook up the world-the Flipkart-Walmart is now being examined by the Income Tax departments in India where the tax body has sent queries to Flipkart-Walmart regarding the $16 Bn worth deal.
While Flipkart has responded to the details of the acquisition, Walmart's explanation is still...
March 15th, 2018Walmart Stores Inc. is set to become Flipkart’s largest shareholder as negotiations are being finalized. Walmart could buy around 20-26% stakes in the Indian company and improve its shareholding rights to 51% in tranches, according to reports. India’s biggest online retail company, Flipkart is luring the world’s largest...
February 23rd, 2018Bengaluru- Guragon based online grocery start-up Grofers is looking to raise $65 Million fresh funding from leading investors like Softbank & Tiger global. But the funding round will devalued 40% of Grofers valuation as per the report published by LiveMint.
However the early investor in Grofers, Sequoia Capital will not...
January 15th, 2018India's payments solutions firm Razorpay has raised $20 million funding led by Tiger Global and Y Combinator with participation from Matrix Partners. However, company declined to disclose the company valuation post this fundraise.
"We will use the funds for our next phase of growth by scaling products and bolstering our...
November 22nd, 2017Messaging app Hike today said it has tied up with Airtel Payments Bank to power its mobile wallet product.
Hike users will have access to the bank?s vast product line including merchant and utility payments, it added.
The SoftBank-backed app, which has over 100 million registered users, saw over 30 per cent month-on-month growth...
June 20th, 2016The Proverb of Old is Gold seems true in the case of India's largest e-commerce company Flipkart. Under new CEO Binny Bansal, Flipkart re-appointed Mr. Kalyan Krishnamurthy as head of categories.
Before explaining anything about Flipkart re-joining strategy kindly read our previous report to get more clarification.
Kalyan...
June 3rd, 2016Glassdoor, Inc., the world's most transparent jobs and recruiting marketplace, today announced the closing of a $40 million investment round led by funds and accounts advised by T. Rowe Price Associates, Inc. Existing investors Battery Ventures, Google Capital, Sutter Hill Ventures and Tiger Global also participated in the round. The...
April 16th, 2016As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016.
Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of...
February 24th, 2016To support, Make in India initiative, India’s first smart electric scooter Ather debut the first model Ather S340.
IIT-Chennai batchmates Tarun Mehta and Swapnil Jain founded Bangalore-based Ather Energy in 2013. Ather (derived from the Greek word ‘aether’ for the purest form of air breathed by the gods) is a company that...
February 17th, 2016Tiger Global another investment in India and, this time, they invested $10 million (Rs.65.6 crore) in India's popular online video content creator The Viral Fever (TVF) also known as Qtiyapa.
As per the report, Tiger Global has picked up close to 25% stake in the firm valuing it at around Rs.270 crore.
The Viral Fever aka Qtiyapa...
December 21st, 2015Accel Partners has sold a fractional stake in Flipkart to Qatar Investment Authority for $100 million (about Rs 650 crore), in a deal that values India's biggest online marketplace at $15 billion, according to two people aware of the transaction.
Accel, the first venture investor in Flipkart, remains the second-largest shareholder in...
