TVF Raises Rs. 40 Crore In Fresh Funding, Sees Valuation Slashed By 33%

TVF Raises Rs. 40 Crore In Fresh Funding, Sees Valuation Slashed By 33%

The Viral Fever’s very own script might be seeing a bit of a twist. After a torrid 2017, during which its CEO was embroiled in a sexual harassment investigation and arrested, its key series, TVF Pitchers endlessly delayed, and its big bet Bisht Please receiving a lukewarm reviews, TVF has managed to raise a fresh funding round. TVF has raised $6 million (Rs. 40 crore) from existing investor Tiger Global, reports VCCircle. The round values TVF…

Weapons Used In Aurangabad Riots Were Bought On Flipkart, Says Maha CM; Congress Demands Ban

Weapons Used In Aurangabad Riots Were Bought On Flipkart, Says Maha CM; Congress Demands Ban

India’s e-commerce revolution has brought all manner of items right to customers’ doorsteps, but at times the convenience can go too far. The Maharashtra Chief Minister has said that the weapons used in the Aurangabad riots, which had left 2 people dead and over 40 injured in May, were purchased through Flipkart. “The weapons used in the violence were bought through Flipkart. Cases have been registered against the companies from where these weapons were bought,”…

BookMyShow Is Now Valued At $850 Million After Raising $100 Million In Its Series D Funding

BookMyShow Is Now Valued At $850 Million After Raising $100 Million In Its Series D Funding

BookMyShow might be losing ground to Paytm in the movie ticketing business, but it’s just managed to nearly double its valuation.  BookMyShow is now valued at $850 million after raising $100 million in its Series D funding round. The round was led by TPG Growth, and reportedly also saw participation from existing investors Network18 and the Stripes Group. The round was at a pre-money valuation of $750 million, which along with the $100 million now in…

KaiOS: The OS That Is Now India’s Second Most Popular Mobile Operating System

KaiOS: The OS That Is Now India’s Second Most Popular Mobile Operating System

As far as mobile operating systems are concerned, most people think the market is a duopoly — customers get to choose between Android and iOS. But things are different in India — a third operating system is slowly capturing the market, and has already pushed iOS to third place. KaiOS, the operating system that powers Jio’s feature phones, is now the second most popular OS in India with 15% market share. Android, of course, leads…

Grofers Stops Vegetables And Fruits Delivery In NCR And Bangalore On Back Of Low Demand

Grofers Stops Vegetables And Fruits Delivery In NCR And Bangalore On Back Of Low Demand

India’s hyper-competitive grocery delivery space is now seeing some big names back out of big categories. Grofers, which has raised over Rs. 1500 crore from investors such as Softbank and Sequoia Capital, is no longer selling fruits and vegetables through its platform in Bangalore and NCR. “Since Grofers has been focusing on next day delivery, our volume for fresh produce was very little. Hence, it doesn’t make sense to prioritize. Vegetable and fruits suit express delivery format,…

Google Is Looking To Enter The E-commerce Sector In India: Reports

Google Is Looking To Enter The E-commerce Sector In India: Reports

India’s e-commerce space is already fairly crowded, with Amazon, Walmart, Paytm and several smaller startups battling it out for a slice of what everyone seems to think is a multi-billion dollar pie. But the space could soon see a significant — and massive — new player. Google is looking to enter the e-commerce space in India, two separate news reports have hinted. The Economic Times reported that Flipkart had opposed Google’s investment in the startup…

A New Service Claims To Be Able To Target Your Loved Ones With Ads To Subtly Change Their Behaviour

A New Service Claims To Be Able To Target Your Loved Ones With Ads To Subtly Change Their Behaviour

It’s not unusual for ads to follow you across the internet — search for a flight ticket, say, from Delhi to Mumbai, and all you see on your browser for the next few weeks is ads from companies selling tickets from Delhi to Mumbai, and search for a product on Amazon, and all you see the same product splattered across the web wherever you look. But a new service is taking is ability to re-target…

Patanjali’s “WhatsApp Killer” Kimbho App Returns As Bolo Messenger, But Patanjali Is No Longer Associated

Patanjali’s “WhatsApp Killer” Kimbho App Returns As Bolo Messenger, But Patanjali Is No Longer Associated

Patanjali’s Kimbho app is back, but this time the FMCG company seems to have washed its hands off the project. The Kimbho messenger app, which had been promoted as a Swadeshi version of WhatsApp, is once again live on the Play store. But now it’s been renamed as Bolo messenger, and Patanjali appears to no longer be associated with the app. After its launch last month, Kimbho had managed to amass over 1 lakh downloads in…

Maharashtra Government Says Theatres Can’t Stop People From Bringing In Outside Food, PVR Stock Falls 12%

Maharashtra Government Says Theatres Can’t Stop People From Bringing In Outside Food, PVR Stock Falls 12%

By allowing outside food into multiplexes, the Maharashtra government might’ve just eaten multiplex companies’ lunch. PVR’s stock fell 12% today in trade after the Maharashtra government clarified that multiplexes couldn’t prevent customers from bringing their own food into theatres. PVR had been trading at Rs. 1,400 at the beginning of the day, but dramatically fell following the announcement. Its stock now trades at Rs. 1218, a near 13% fall during the day.  The statement that…

Ola Says It’s Now Making Money On Each Ride

Ola Says It’s Now Making Money On Each Ride

It might’ve meant higher fares for customers, and driver strikes across the country, but Ola is finally making money on each ride it provides. “Last week, our India business crossed a major milestone. We are now ENTR positive,” Ola CEO Bhavish Aggarwal wrote in an email to his team late last month, ET reports. ENTR stands for Effective Net Take Rate, and represents the commission that Ola makes on each ride, after adjusting for costs…

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