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Walmart May Buy More Than 40% Stake In Ecommerce Giant Flipkart
US-headquartered retail giant Walmart is looking to acquire more than 40% stake in Indian ecommerce giant Flipkart, as per two sources close to the matter. The move, according to reports, is part of...
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Pune Based B2B SaaS Focussed Alacrity India Startup Fund Receives SEBI Approval
Pune-based Alacrity India Startup Fund focused on B2B SaaS startups, announced that it has received the approval of the Securities and Exchange Board of India (SEBI) to be registered as a Category I...
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With $20 Mn Funding From Warburg, Sequoia, Capillary Technologies To Deepen...
Capillary Technologies, a leading cloud-based omnichannel engagement commerce solution company that enables retailers to intelligently engage with their customers, announced that it has raised about...
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Supply Chain Startup FourKites Raises $35 Mn In Series B Led By August Capital
Predictive supply chain platform FourKites has raised $35 Mn in Series B funding led by August Capital. The round also saw the participation of existing investors Bain Capital Ventures and Hyde Park...
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Bengaluru Takes Another Leap In Mobility, Heli Taxis To Start Flying Next Week
While Uber CEO Dara Khosrowshahi was here in India this week and touched upon sustainable mobility and flying cars, Bengaluru seems to have taken the mobility leap to yet another level. Bengaluru’s...
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Netflix Sees A Potential Of Adding The Next 100 Mn Customers From India: Reed...
“Even we could not predict the last two years of Internet growth in India. It is the most phenomenal example of anywhere in the world in terms of lower data cost, more people coming online, expansion...
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Airtel Partners With Google To Bring Low Cost Smartphones Powered by Android...
India’s largest telecommunications services provider Airtel has entered into a partnership with Google to bring low cost smartphones powered by Google’s Android Oreo (Go edition) to the Indian market....
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Exclusive: Y Combinator Backed Online Lending Platform Credy Rakes In $1.4 Mn...
Online lending platform Credy which facilitates small-ticket, online personal loans and school fee financing loans has raised $1.4 Mn in Seed funding from prominent investors including Y Combinator,...
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Alteria Capital Announces First Close Of $123 Mn Maiden Venture Debt Fund
Venture debt firm Alteria Capital has announced the first close of its maiden venture debt fund with a corpus of $123 Mn (INR 800 Cr). The firm has received commitments of $56.1 Mn (INR 365 Cr) for the...
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After Startups, PE Funds Also Receive Angel Tax Notices
After startups, it is the turn of some Indian companies and PE funds to receive notices for concluding deals at higher valuations. As per an ET report, the tax department is questioning the valuation...
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RBI To Adhere To Its Target Of Interoperability Of Digital Wallets By April
The Reserve Bank of India (RBI) is likely to adhere to its target of achieving interoperability of digital wallets by April 2018, despite allowing digital payment companies two additional months to...
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PE Firm Turn/River Capital Acquires SaaS Based HR Tech Platform Recruiterbox
SaaS based HR tech platform Recruiterbox has been acquired by San Francisco based private equity firm Turn/River Capital in an undisclosed all cash deal (no stock or earn-outs). As per an ET report,...
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Ride Hailing Firm Ola In Talks With Temasek To Raise Upto $1 Bn In Funding
Ride hailing firm Ola is in talks with Singapore’s sovereign wealth fund Temasek and other investors to raise another $500 Mn to $1 Bn in funding, according to people familiar with the development. An...
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Early Stage Fund Prime Venture Partners Raises Third Fund With A Corpus Of...
Early stage firm Prime Venture Partners today announced the close of its third fund at $61.6 Mn (INR 400 Cr). The fund, which is an internationally structured fund based in Mauritius, saw investments...
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Indian Government Tells Supreme Court That It Might Extend March 31 Deadline...
The deadline for mandatory linking of Aadhaar to avail various services and welfare schemes run by the Indian government may be further extended beyond March 31. As per an ET report, the Centre...
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Furniture And Home Marketplace Pepperfry Rakes In $38.5 Mn Funding From State...
Mumbai-based furniture and home marketplace Pepperfry has raised about $38.5 Mn (INR 250 Cr) in its fifth round of funding from State Street Global Advisors, the asset management business of State...
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Women’s Day Special: How Microsoft Fosters Gender Diversity And Inclusion In...
Ever since last year, the #MeToo movement has been dominating the headlines. Be it Hollywood or our very own startup ecosystem, sexism and discrimination against women have brought to the fore again...
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PhonePe Hits Out At Paytm, Says Paytm’s Claims Of Being Largest Player On UPI...
Things have not been quiet in the first two months of this year for the digital payments space in India. If a few days ago it was Paytm lashing out at WhatsApp for unfair play, now Flipkart’s mobile...
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Paytm App Asking For Root Access On Android Phones Raises Concerns
The Android app Of Paytm has been asking users who have modified or rooted their devices for administrative access called root access, as per a Medianama report. This issue was first brought to light...
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Paytm App Stops Asking For Root Access On Android Phones
Last week, Paytm app asking for root access on Android phones had raised major concerns. Now after being flagged by a French security researcher, the digital payments player has fixed the sensitive...
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How SaaS Startup ShepHertz Is Helping Enterprises In 150 Countries Onboard...
Apps and digitisation today are words that need no explaining today. But if we roll back a few years to be in 2010, mobile apps had just started making their appearances in India. At that time, it used...
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Paytm Launches Wealth Management Products Gold Gifting and Gold Savings Plan
Digital payments player Paytm has announced the launch of two new services – Gold Gifting and Gold Savings Plan as a part of its wealth management offering Paytm Gold. Through these services, customers...
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Venture Capital Firm Kalaari Capital Looks To Sell Stake In Snapdeal
Venture capital firm Kalaari Capital, which was one of the early investors in Snapdeal, is looking to sell its stake in the ecommerce firm, as per two sources in the know. An ET report stated that the...
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Foodtech Startup Fingerlix Raises $1.31 Mn Venture Debt From Alteria Capital
Ready to cook foodtech startup Fingerlix has raised $1.31 Mn (INR 8.5 Cr) of venture debt from the maiden venture debt fund launched by Alteria Capital this month. Shripad Nadkarni, Founder and...
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