Foodpanda runs both marketplace and the delivery business for its partner restaurants in India. It currently works with over 12,000 restaurants across 100 cities in India
Kumar, a migrant from Uttar Pradesh was the first employee of CitrusPay and amongst the 50 odd people who got benefited from ESOP of the company.
2017 will be a defining year for Flipkart as the company is looking to take "decisive lead" in the Indian market, its co-founder Sachin Bansal has said.
The firm has also roped in Ashutosh Sharma to lead investments and merger and acquisitions in the country.
While consolidation is good for investors and entrepreneurs, it reduces competition. Mergers of large consumer internet startups often become detrimental to consumer choice and fair-market pricing.
Consolidation is providing exits to existing investors and entrepreneurs even as it is lessening competition. It signals a maturing of India‘s e-commerce sector.
Travel company, Cox & Kings saw a 25 percent passenger growth this festive season. Khandelwal says the travel company will continue to grow at 10-15 percent annually.
While the biggest deal in India‘s online travel aggregation space signals a maturity in the sector, providing an exit path to investors, it would also lessen cash burn. With this deal, all three large brands in OTA space â€“ Yatra, MakeMytrip and GoIbibo will be on path to be listed entities on Nasdaq.
According to the assurance, tax and advisory firm, Grant Thornton, there were 94 PE-deals worth USD 1.19 billion in February, while in the corresponding period last year there were 73 such transactions worth USD 737 million.
The platform is available in 72 cities and covers 862 properties translating to 10,000 rooms a day, Goibibo said in a statement.
The group, which owns portals like Goibibo.Com and redBus.In among others, currently clocks transactions worth over Rs 1,000 crore per month.
It is time for trend spotting with Kanwaljit Singh, Co-founder of Helion Venture Partners; USD 605 million early to mid stage venture fund.
According to Raja Lahiri, overall deal momentum in July is showing signs of slowdown in terms of volumes but there are some large deals that got struck this month.
Founded in 2008 this online marketplace for second hand cars targets the aspiring middle class and claims to be the second largest auto classifieds website in the country.
MIH Group acquired 51 percent stake in Gurgaon-based Tek Travels Private Limited, which owns B2B travel portal Travel Boutique Online.