This all-stock deal is a part of a broader strategic partnership between InMobi and Sprint across devices, data, media and marketing
The common thread across all these big ticket funding is clearly Softbank
Khambata was responsible for setting up multiple products and businesses at CDSL, including KYC registration agency and insurance repository.
In its previous round, the platform raised $12 million from Nandan Nilekani and Sanjeev Aggarwal-backed Fundamentum
The companies did not disclose the size of the deal which will allow Foodpanda to launch its own brand of food products.
Amazon did not reveal its market share, but said 63 percent orders in this segment came from tier 2 and 3 cities.
The festive season sale also gave affordability schemes, bank and wallet offers with addition to loyalty schemes and subscription services
According to NASSCOM, around 400 AI startups in India secured an investment of $150 million in the span of 5 years. Overall AI funding has increased to $73 million in 2017 from $44 million in 2016.
It added that hotel booking company Oyo Rooms alone accounted for USD 1 billion of this
The Big Billion Days sale consumes all hands on Flipkart’s deck as it defines the company’s market leadership. Especially, when cash-rich rival Amazon too is running The Great Indian Festival — its biggest sale of the year.
For the first time, both Amazon and Flipkart started their sale on the same date.
This year, Flipkart’s festive sale -- Big Billion Days -- overlaps with rival Amazon’s The Great Indian Festival sale. Both companies started their respective sales on October 10
The funding boost will help Ola step up its ante against its rival Uber, which has stepped up expansion in international markets.
The company achieved positive unit economics and introduced flexible ordering till midnight and delivery by 7 am with no minimum order and free delivery model
The sales hosted during the festive period of October-November by the online majors every year. generate a majority of their annual sales. With the dates overlapping, this year the competition is going to be tougher.
SoftBank and its Vision Fund invested $4.4 billion in WeWork last year and the Japanese company holds two board seats.
The company is launching three innovation hubs for AR and VR technologies. It is also focusing on providing a platform to developers through its initiative named Developer Circles.
Medikabazaar has 15,000 active registered users that includes hospitals, clinics, diagnostic centres and individual doctors
Founded by three IIT graduates, Sharechat recently got series C funding to the tune of $100 million
The company is looking to sell twice what it sold last year during this year's edition of the mega sale
Uber has presence in 31 cities while its competitor Ola offers services in around 110 cities.
The development comes in at a time when Softbank-backed rival Ola has been on an international expansion spree. Besides India, it has expanded its operations to Australia, UK and New Zealand.
The company aims to double its gross merchandise value to $1.4 billion by end of 2018 and $3.5 billion by 2019
It has also invested Rs 8 crore of venture debt in Vogo, a scooter rental platform, in a series-A funding round led by Ola Cabs, Stellaris and Matrix Venture Partners
The high-profile companies will announce they will partner to develop self-driving vehicles and other new mobility technologies, a source with knowledge of the issue told Reuters on condition of anonymity as the nature of the announcement remains confidential.