Thomas Cook Owns Destination Management biz of Kuoni

Tour and holiday planner Thomas Cook (India) announced that it has taken over Kuoni Group’s destination management business to expand it’s reach globally. Well the financial details are yet to be disclosed. Company said during disclosure of stocks market, “The Company, through its wholly owned subsidiary Thomas Cook India Group, has acquired Kuoni’s global network …

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Google Initiates ‘Solve For India’ For Developers Of Primarily Tier II Cities

Google announced its new programme called ‘Solve for India’. The programme aims to help budding entrepreneurs and developers in the country. This programme currently focuses on Tier II cities like Hyderabad, Kolkata, Jaipur, Pune, Indore, Kochi, Nasik, Nagpur, Kanpur, Madurai and Chennai. It also expects the developers to come up with solutions for enhancing the …

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Is It A Good Time to be an Angel Investor in Indian Marketplace

The start-up arena is seeing a lot of dry period with respect to investment as VCs are shying away from investing as witnessed by Snapdeal and Stayzilla. Shortage of money and investor’s strategy Unlike earlier times, VCs do not invest irrationally into start-ups and this has made the young aspiring entrepreneurs respect the investors and understand …

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Softbank Board Approves Flipkart-Snapdeal Merger

SoftBank has approved on the Snapdeal’s merger with Flipkart. This Japanese investment giant has given a non-binding approval for this. Softbank gets 20% stake in the merger entity The SoftBank board has participated in a meeting which was held in Japan where it gave an in-principle nod for acquiring a 20% stake in the merger …

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Amazon Will Focus to Beat Flipkart Even After Four Time losses in International Business

Jeff Bezos, world’s second richest man and founder of Amazon, enlightened on the performance of it’s Indian leg after the first quarter result of the company and said that “Amazon India is the most visited and the fastest growing marketplace in India”. Amazon will keep investing for India Business Bezos statement reflects that Amazon will …

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SoftBank to Invest $1.9 Billion in One 97 Communication

One97 Communications, Parent company of Indian payment and e-commerce company Paytm, is set to acquiring the funding of more than Rs 12,000 crore ($1.9 billion) from SoftBank, Japanese media and telecom conglomerate through a single funding round which will be the largest funding round for an Indian ecommerce company. Deal valued the company at $9 …

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Grofers Moves Towards Offline Stores Across Delhi NCR

Grofers, Gurugram-based hyperlocal grocery delivery startup, is about to gain profit along with market share through its step towards initiating 15 offline stores across Delhi-NCR. Startup has two kinds of stores According to Money Control report, the startup has established two kinds of stores: Franchise stores and Tuck Shops. It is also on the way to have a …

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Wallet Licence of Citrus acquired by PayU Has Been Cancelled

According to the latest list of entities that holds Prepaid Payment Instruments (PPI) licences propelled by Reserve Bank Of India, Citrus Payment solution gave up its wallet licence. The Mumbai-based fintech startup was owned by PayU, Naspers-owned global payments player in previous year. Citrus Payment solution’s Customers will move to PayU Amrish Rau, cofounder of the company …

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Ratan Tata Sponsored Urban Clap Come Up With $3 Mn Capital From Trifecta Capital

UrbanClap, Gurgaon Based mobile services marketplace, has acquired almost $3.1 Mn funds from Trifecta capital via non convertible debenture bond. As per the company records at Registrar of Companies, UrbanClap has also given equity shares through convertible preference shares to Trifecta. UrbanClap UrbanClap was established by Raghav Chandra, Abhiraj Bhai, and Varun Khaitan in October …

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