Reliance Retail, Jio To Jointly Launch Ecommerce Platform: Mukesh Ambani
Mukesh 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 bet
MasayoshiSon-owned technology conglomerate SoftBank has sought approval from the Competition Commission of India to acquire a 37.87% stake in logistics company Delivery. Read More
Startup News Snippets
M&A News
Editor’s Weekly Pick
Addressing potential food crisis due to ever-increasing global population is on every country’s agenda. This video captures the most fascinating and impactful developments in agri-tech, from Robo farmers to genetic mutations and artificial food.
-Abhishek
Market Pulse
- Kerala has launched the country’s largest startup hub with a 1,000-seat capacity on January 13 in Kalamassery, Kochi. Named ‘Integrated Startup Complex,’ the facility is built to provide top quality infrastructure for incubation and acceleration for the state’s startups.
- The Jammu & Kashmir Entrepreneurship Development Institute along with Bari held a meeting to further promote innovation-based startups in the State of Jammu and Kashmir under the J&K Startup Policy 2018. Brahmna Industrial Association
- NITI Aayog’s Atal Innovation Mission, in partnership with Dell and Learning Links Foundation, has launched “Nayee Dishayen, Naye Nirman” programme to celebrate the top six innovations of the country under Atal Tinkering Lab.
- Ministry of Electronics & Information Technology is setting up a Centre of Excellence for fintech startups in Chennai at an estimated cost of INR 23 Cr.
- Mumbai-based online furniture and home products marketplace Pepperfry may raise funding of $100 Mn fromits existing investors Goldman Sachs, Norwest Venture Partners, and Bertelsmann India Investments.
- Japanese conglomerate SoftBank is reportedly set to invest $400 Mn in Pune-based online baby products retailer FirstCry for more than 40% stake in the company, valuing it at around $600 Mn- $700 Mn .
- New Delhi-based online travel website EaseMyTrip is planning to raise $211.08 Mn via an initial public offering. The founders are expecting the business to value around $844.3 Mn and $1.05 Bn.