Flipkart Lost Rs. 15 Crore Per Day Last Year
It’s common knowledge that Indian e-commerce companies are currently bleeding money, but it’s hard to appreciate how much money they’re really losing. Two…
Category: Stories
Former Unicorn ShopClues Gets Acquired By Singapore-Based E-Commerce Platform For $70-100 Million
Becoming a unicorn is thought to be a badge of honor for a startup — the $1 billion valuation is thought to herald…
Google Pay Has Introduced New Stamps Feature For A Rs. 251 Cashback, And Indians Are Hooked
Indians are no strangers to cashbacks — for the last few years, all kinds of companies have been pampering them with rewards each time they…
Paytm Money’s Beta Version Now Lets Users Buy Shares In Companies
Paytm has sought to disrupt many industries over the last decade — payments, movie tickets, event bookings, and even gold purchases. But it might…
Reliance Has Created A $24 Billion Holding Firm To Dominate India’s Digital Space
It had been long clear that Jio was just the beginning, and Reliance always had its eyes set on a large digital play….
Apple Has Just Displaced This Unlikely Company To Become The Largest Mobile Payment Service In The US
It’s no secret that the US lags behind the rest of the world when it comes to mobile payments — only 55 million…
With Two Months To Go, Indian Startups Have Already Raised More Money In 2019 Than In Any Year Prior
The Indian economy is supposed to be in a slowdown — auto sales are down, consumer confidence is low, and the stock market…
Delivering In Small Towns Has Better Unit Economics Than Delivering In Larger Cities: Zomato
For several years, Indian startups have bemoaned what they call the “India 1-2-3” phenomenon. India’s urban elite, or India 1, have rapidly adopted…
China Has More Unicorn Startups Than The US For The First Time In History
It truly is a changing of the guard. For the first time in modern history, China has more unicorn startups than in the…