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- Shekhar ChsExpert +06:43 pm 18 September 2017
Yes you heard it right- "Zomato is now a profitable company!"
Co-founder of Zomato, India's leading restaurant aggregator, Deepinder Goyal, posted a blog thanking all the stake holders.
Their biggest source of revenue - advertising business in India, Southeast Asia, and the Middle East is now crossed their operational cost!
Nevertheless, Zomato has been focusing on expansion by investing in acquiring newer geographies. Now the investments in older markets are becoming more meaningful.Read More
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- Shekhar ChsExpert +02:54 pm 10 August 2017
SoftBank missed out on getting a piece of Flipkart when its deal to acquire Snapdeal, the e-commerce firm which SoftBank backed in 2015, fell apart last month, but the Japanese tech giant has finally got there.
Flipkart today confirmed that SoftBank has invested in its business, via its $100 billion Vision Fund.
“This is a monumental deal for Flipkart and India. Very few economies globally attract such overwhelming interest from top-tier investors. It is recognition of India’s unparalleled potential to become a leadeRead More
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- Shekhar ChsExpert +05:02 pm 26 July 2017
Indian online marketplace Snapdeal has accepted Flipkart's revised takeover offer of up to $950 million providing heft to its bigger rival in a high-stakes battle with Amazon.com Inc
The board of Jasper Infotech, which runs Snapdeal, approved Flipkart's bid of $900 million-$950 million last week. A deal is now pending the approval of Snapdeal shareholders
SoftBank, Snapdeal's biggest investor, is keen to consummate the deal and take an equity stake in Flipkart to profit from India's booming online retail market.
Bengaluru-headquarterd FRead More
- Shekhar ChsExpert +09:44 pm 12 July 2017
Google has acquired Bangalore-based artificial intelligence (AI) firm Halli Labs for an undisclosed amount.
The firm which was co-founded by former chief technology officer of now defunct Stayzilla, Pankaj Gupta, announced the acquisition in a blogpost on Tuesday.
Google’s mission is to organize the world’s information and make it universally accessible and useful. It has pioneered itself to number one in an overwhelming number of markets with its unique services, products, and strong marketing plans.
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- Shekhar ChsExpert +06:26 pm 04 July 2017
Burrp is India's oldest food-tech business, which helps people discover eating joints around them. It currently lists over 56,000 restaurants across 12 cities.
The acquisition includes the transfer of Burrp's key assets to BookMyShow, including employees and existing restaurant partnerships.
"Movie going in India is a social activity and food is an integral part of it. This is where Burrp fits in for us. We are excited to have Burrp on board and look forward to benefitting from their experience, technology and partnerships to offer a superior and comprehensive offering to our users," said Mansi Vora, Head- Mergers andRead More
- Shekhar ChsExpert +02:45 am 31 May 2017
The man who created the Android operating system unveiled a brand new smartphone to compete with Apple and Samsung. Andy Rubin's Essential Phone—Essential is his new company—will sell for $699 and only in the US to start. It has a massive screen that takes up nearly the entire front of the phone, wrapping around the selfie camera. It has a larger screen than the iPhone 7 Plus, 128GB of internal storage, and magnetic connectors to attach accessories.
The device will ship with a Qualcomm 835 processor, 4GB of RAM and 128GB of on-device storage, according to the Essential website. The front-facing camera has an eight megapixel sensor and is capable of recording 4K video, while the rear camera is 13-megapixel with a second monochrome sensoRead More
- Abhinav MishraExpert +02:52 pm 20 March 2017
Startups have been the trending topic over the past few years. The number of startups starting every year is increasing and so is the number of startup failing each year. As per report, close to 90% of the startups fail in the first 5 years of business. These are astonishing numbers given; people are still backing their ideas and coming up with new startups daily. If you are part of any such Start-ups’ execution team, then it is very important for you to check the below points which highlight the reasons as to why startup fail -
From overconfidence to arroganceRead More
- Shekhar ChsExpert +12:32 pm 03 March 2017
In a major setback, Chinese conglomerate LeEco has fired 85% of its employees in India, reported The Economic Times.
The company's office in Mumbai and Delhi are said to be left with a minimal staff and the company is now firing people at its research and development centres in Bengaluru.
The layoffs closely follow the resignation of its smart electronics business Chief Operating Officer Atul Jain and internet applications, serviceRead More
- Shekhar ChsExpert +08:01 pm 02 March 2017
Chinese e-commerce major Alibaba along with investment firm SAIF Partners is leading a $200 million (Rs 1,350 crore) round in Paytm, the demerged online marketplace unit of online wallet and digital payments company One 97 Communications, which operates under Paytm brand.
According to a filing with the Registrar of Companies earlier this week, Alibaba's Singapore unit will invest $177 million into Paytm E-Commerce Pvt. Ltd. with the remaining $23 million will be invested by SAIF Partners, an early investor in Paytm.
With the investment from Alibaba, the marketplace unit of Paytm has also achieved unicorn status, with the funds being used toRead More
- Shekhar ChsExpert +07:07 pm 27 February 2017
Ola the online cab aggregator, has raised USD 350 million from a clutch of investors lead by Softbank reports The Financial Express.
The latest round of funding of $300 million plus has been led by Softbank and also includes other existing investors, according to sources. Ola has been in the market for raising fresh round of funding over the last six months at a valuation of $5 billion.
According to Ola’s latest profit and loss details, the cab aggregator poRead More