The mounting losses for e-commerce firms indicating heavy spends on marketing to up the gross merchandise value (GMV) last year.
While the Modi government is expected to announce a slew of sops including extended tax exemption for startups in the Budget, here is a look at the key announcements made while presenting the Union Budget 2016
Close on the heels of an aggressive markdown in Flipkart‘s valuation by Morgan Stanley, another mutual fund investor T Rowe Price has trimmed the e-commerce major‘s valuation, albeit a marginal 4.4 percent to about USD 9.9 billion, reports the Economic Times Wednesday.
Yes Bank today said it has launched 'Yes Fintech', a business accelerator program in collaboration with T-Hub, a startup incubator set up by the Telangana government and Anthill - a speed scaling platform for early growth stage start-ups.
According to a report by Research and Markets, Indian baby care market is poised to grow at the rate of 13.66 percent CAGR over the coming years
The series D funding also saw participation from three new investors -- u-Net, RSI Fund (owned by Recruit Holdings) and Thrive Capital. With this, the company has raised close to USD 180 million so far.
Amazon India today announced the launch of regional language support services for sellers in three Indian languages - Kannada, Tamil and Telugu.
Online education provider UpGrad has launched an entrepreneurship programme under government's 'Start Up India' initiative to provide insights into areas like validation of ideas, funding and legal framework for new businesses.
Moneycontrol had earlier reported that a five year tax break for startups might be announced this union budget.
Freecharge CEO Govind Rajan also talks about strategic investments in Freecharge and how the wallet has grown post demonetisation by government
The startup will tie-up with bars and restaurants and connect their screens to a cloud-based device through which advertisements can be relayed. The startup will sell ad slots based on real-time data on the number of customers in the pub or the restaurant.
Earlier this month, county‘s largest lender SBI also blocked online transfer of money to e-wallet majors such as Paytm, Mobikwik and Freecharge citing similar concerns.
Economic Affairs Secretary Shaktikanta Das today asked Amazon to desist from being flippant about Indian symbols and icons, cautioning it that "indifference will be at your own peril".
Amazon.in will create well over 7,500 temporary jobs for its upcoming sale, and these positions will mostly be in logistics to ensure smooth deliveries.
OYO is planning to expand its footprints in South Asia and South East Asia, besides strengthening its service by introducing a concierge service called OYO Captains.
Encouraging small and medium enterprises (SMEs) to list on its platform, NSE has said listing will help such companies raise capital for their growth and provide visibility.
A year after launch of PM Modi‘s â€˜Startup India Campaign‘ curiosity has been built around what the budget 2017 will offer even as digital India has become a buzzword for the current government.
The company also plans to venture into the property management and home furnishing segment in the near future, the statement added.
â€œGovernment regulations should be broad in order to ensure companies don't create alternate channels to subsidise and incentivise in excess of the revenues collected from customers,â€ the report recommended.
Krishnamurthy was named CEO on Monday, while co-founder and outgoing CEO Binny Bansal moved into the new role of group head.
Globally, businesses and entrepreneurs are getting a clear message â€“ fall in line (with the new regime) or fall out.
As India's hyperlocal logistics sector sees shutdowns, food tech startups have started buying their own bikes to deliver your pizza and burger in time.
Kothari will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this role and will be joining Snapdeal on January 16, 2017.
Housing‘s merger with PropTiger and Flipkart board‘s replacement of its cofounder CEO have a common thread - investor play.
Even as New York-based investment firm took a bold step to replace founders from the CEO position in its biggest Indian bet Flipkart, here is a look at how Tiger Global's other startups are faring in India.