Swiggy Has Just Raised Rs. 650 Crore From Naspers And Chinese Company Meituan-Dianping
The food-tech space in India is getting spicier and spicier. A week after Zomato had raised Rs. 1,300 crore from Alibaba, rival Swiggy…
Category: Startups
This Indian Team Is Developing A Chessboard In Which The Pieces Move By Themselves
Modern technology is pretty neat, but it tends to confine everything to screens. Everything from meeting people, watching TV shows and movies, and even…
After Deploying Boats In Response To A Twitter Trend In 2015, Ola To Pilot A Real Water Taxi Service
In November 2015, Ola had carried out a pretty remarkable display of corporate social responsibility. Chennai was being ravaged by the worst rains…
Binny Bansal Sells Flipkart Shares Worth Rs. 200 Crore, Personal Stake Goes Down From 7.6 To 5.2%
Binny Bansal is cashing in on his Flipkart fortune. The Flipkart founder sold $30-$35 million (Rs. 200 crore) worth of Flipkart shares during…
Flipkart Lost Rs. 24 Crore Per Day In 2017
Flipkart might’ve raised a lot of money in 2017, but it also lost a lot. Flipkart’s losses ballooned to Rs. 8,771 crore in…
The Softbank-Alibaba Invasion: The Two Companies That Are Eating Up India’s Startup Ecosystem
India’s startup ecosystem is diverse — it is home to thousands of companies, employs millions of people, and services India’s billion-plus population. But in spite…
Alibaba Has Just Invested Rs. 1,250 Crore In BigBasket
Alibaba’s betting on India, and it’s betting big. The very same day it emerged that it had put $200 million into Zomato, Alibaba has…
Breaking: Alibaba Has Just Invested Rs. 1,300 Crore Into Zomato
Zomato had a stellar 2017, and 2018 has brought with it a significant new investor. Ant Financial, Alibaba’s fintech subsidiary, will invest $200…
India’s E-commerce Momentum Fizzles Out, Growth Falls 26% In 2017
India’s much-hyped e-commerce story is already showing signs of fizzling out. Growth in online retail in the country has fallen for the second consecutive…