Naspers Group-backed digital payments firm PayU is likely to invest USD 250 million in the Indian business in the next five years, as the company extends focus on consumer offerings besides core products, according to a senior executive of the company.
The companies, which are planning to list on BSE's SME platform, are expected to float IPOs in the coming months.
Regulatory filings with the US Securities and Exchange Commission (SEC) show that Optimum Fund has valued its holding in Flipkart at USD 93.15 in December 2016 quarter at a USD 10.4 billion valuation.
Indian travellers do intensive search research for their travel plan, about 59 percent of people browse travel websites over the weekend and about 80 percent of people prefer to browse when they are at home.
The US-based super angel investor in Uber, who campaigned for California as a free nation post Donald Trump's Presidency says that he is happy to see a flight of talented Indian entrepreneurs back to their home
Founded by three former Citibank executives, the company offers a proprietary technology to analyse credit history and helps understand credit worthiness for users.
Earlier, the risk posed to the MSME sector was not computable owing to the lack of data.
The company which was valued at USD 15.2 billion in May 2015, is now valued at USD 5.37 billion.
According to a source privy to the developments, Snapdeal was expected to let go off about 500 employees from the overall technology team spread across Bengaluru and Gurgaon.
The crisis at Snapdeal has been triggered by the fact that one of the major investors in the company had pulled out last year from investing a follow on round, as the company is yet to show any path to profitability.
Grofers currently claims to be getting 11000-12000 orders on a daily basis with an average ticket size of Rs 1,000.
The Alibaba-backed company also announced the launch of Paytm Mall app, which will allow consumers to shop from 1.4 lakh registered sellers.
Through this platform, users can request support & service, pass their feedback and concerns, and access all the troubleshooting and operation manuals for their home appliances.
A successful fund raise may value Oyo Rooms at USD 1.2 billion and propel it into the Unicorn club where Flipkart and Paytm are present.
Food technology company Gorb today said it has partnered with cab aggregator Ola to offer food to consumers at discounted rates in Mumbai.
Even as the overall e-commerce market in India has been impacted due to demonetisation, Myntra claims its recent sale was a hit
Even as cloud-based startups are entering foreign shores, they counter heavy regulations, bribery and other challenges. Here‘s how some of them counter those hurdles
HEM securities has come out with its report on RMC Switchgear SME IPO
Senior directors, managers could lose jobs, as Snapdeal plans to reduce its monthly salary bill by about 60% to Rs 20 crore from about Rs 48 crore, people close to developments at the e-commerce firm told Moneycontrol.
Gurgaon based Snapdeal used to claim over 300,000 sellers on its platform, much larger than that of bigger rivals Flipkart and Amazon. Sources say that the company will only be focusing on the active seller base.
In a turn of events at the beleaguered e-commerce company, the fate of employees‘ future remain unclear. Here‘s a look at Snapdeal‘s numbers
The co-founders said that the company will now only look at profitability than a race with others to increase their GMV (Gross Merchandise Volume).
Venture Capital firms made 405 investments in India worth USD 1.4 Billion during 2016 compared to 512 deals worth USD 2 Billion in 2015 according to data from Venture Intelligence
Founded in 2013, Capital Float offers loans based on cash flows, expected receivables, financials, CIBIL scores and banks statements to SMEs. The loans range from Rs 1 lakh â€“ Rs 1 crore with a tenure between 1 â€“ 36 months.
In May 2016, Rajan was elevated to the post of CEO from COO of the company. He had also served as the CEO of Airtel Money in past.