Hyundai In Talks To Invest In Ola To Support Its Electric Vehicle Foray South-Korean automaker Hyundai Motors is reportedly in talks with Bengaluru-based cab hailing giant Ola to invest up to $200 Mn – $300 Mn. Read More ShareChat in talks to raise $200M in fresh funding ShareChat, a regional language social media platform, is…
Given these numbers, and given how boring and repetitive grocery shopping can be, it’s no surprise grocery delivery startups like Instacart have achieved $2 billion+ valuations. Grocery delivery startups are so popular, there are other startups that help you bootstrap your own grocery-shopping-as-a-service startup. Initially, this may only be profitable for high-rises that are big…
Deloitte Pegs India’s E-commerce Market at $200 Bn, To Cross $1 Tn By 2021 E-commerce will be the engine of the next level of Indian consumer growth in 2019, stated a Deloitte India and Retailers Association of India report. The report has valued India’s e-commerce marketplace at $200 Bn and predicted its growth to $1.2 Tn…
How early-stage startups raise money This is the second round of fund raising completed by the Gurgaon-based D2C Consulting, which owns and operates RenewBuy. Options include going to friends and family, crowdfunding, dipping into one’s savings, or, if one is lucky, finding an angel investorBENGALURU: The first ‘round of funding’ Abhishek Latthe got when he was setting…
Adani Group looks to pick up stake in Mumbai Airport for $1.3 Bn Billionaire Gautam Adani-led diversified conglomerate Adani Group to pick up a 23.5% stake in Mumbai International Airport from South Africa’s Bidvest Group and Airports Company South Africa. Read More Entrepreneur First raises $115 Mn for first close of a new deep tech fund Entrepreneur First, an…
KKR in talks to invest in Emami; Temasek may inject fresh funds into Pine Labs Global alternative assets giant KKR & Co. is in advanced negotiations to invest $280 Mn via structured finance in Kolkata-based Emami Group. Read More Paytm Pledges All Assets To ICICI Bank To Borrow $196 Mn One97 Communications-owned Paytm, has pledged…
Mukesh Ambani to invest $1.4 Bn in Bengal, will help e-commerce expansion Reliance Industries chairman Mukesh Ambani will invest $1.4 Bn in West Bengal, a part of which would fund the company’s new e-commerce venture. Read More SoftBank to invest $440 mn in Indiabulls Housing-backed OakNorth Bank Japanese internet conglomerate SoftBank Group Bank is investing $440…
Half Of Google India’s $154 Mn Ad Spend In 2018 Went To Offline ActivitiesGlobal search giant Google reportedly spent $154 Mn on advertising in India in 2018, making it one of the top advertisers in India. Read More OYO Expands To Phillippines, Begins Partnering With Hotels In ManilaHomegrown hospitality unicorn OYO has entered yet another global destination…
Reliance Retail, Jio To Jointly Launch Ecommerce Platform: Mukesh AmbaniMukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, has said that the group companies, Reliance Retail and Reliance Jio Infocomm, will be launching a new e-commerce platform in India. Read More SoftBank Vision Fund to pick up 38% stake in Delhivery in latest India betMasayoshiSon-owned technology conglomerate SoftBank has sought approval from…
Ola Becomes $6 Bn Unicorn With $74 Mn Funding From Steadview Capital Homegrown online cab aggregator Ola is now reportedly worth $5.5- $6 Bn after it raised $74 Mn (INR 520 Cr) from its existing investor, a Hong Kong-and London-based hedge fund, Steadview Capital, through preference shares. Read More Amazon Pay Receives $42.6 Mn From…
