It was a long, bruising battle, but finally one side has blinked. Uber will sell its Chinese business to its homegrown rival Didi in a move that will signal the end of the rivalry that had riveted the business world for years.
US-based mutual funds haven’t been the biggest fans of Flipkart this year. But things seem to have turned a corner for Flipkart though. Today Fidelity marked up the value of its Flipkart’s shares by 2.7 percent.
India Inc. is also home to startups that fulfill needs that you didn’t even realize you had. These startups are quirky, zany, and are solving some very unusual problems. We trawled the length and the breadth of the Indian startup ecosystem to find out the most outlandish startup ideas that are being worked on last year. And we are back with our top picks this year.
People had been speculating that the grocery delivery business might not have the best unit economics, but we finally have some data on just how brutal it is.
Snapchat CEO Evan Spiegel is now formally engaged to Australian model and former Victoria’s Secret angel Miranda Kerr. The announcement was made by Kerr, quite appropriately, on Snapchat.
Pokemon Go has been the cultural phenomenon of the year. But there are signs that its astonishing growth period might be over.
When Freshmenu, a storied food startup from Bangalore, was running ads on the keyword ‘Eatfresh’ on Google, Eatfresh didn’t take kindly to it.
Being inspired by a mega successful global startup and adapting it to a local flavour is nothing new. Ask Flipkart who modeled their…
On the face of it, it should be a time of celebration. You start a company, raise money, you get acquired. Happy ending.
But Lookup’s acquisition by Nowfloats has had no such celebratory tones associated with it.