Ola Looks For $100 Million Funding To Reinforcing Its Business

Cab service provider giant OLA is raising $100 million from current shareholders for it’s expansion plans. Intense rift between Ola and Uber Ola, currently indulged in an intense rift with its contender Uber, had recently raised funds amounting to Rs 1,675 crore from its Japanese investor, SoftBank. The endorsement was for issuance of adaptable securities at Rs 13,521 …

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eBay To Sell It’s Indian Leg To Flipkart In Second Half Of The Year

eBay, American ecommerce corporation, serves B2C and C2C sales, is about to finish sale of India business to the ecommerce giant Flipkart in the beginning of next half of 2017. It expects to strengthen it’s hold in the Indian marketplace through its put a sum of $500 million and partnership with the Flipkart. CEO of the company …

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Movie Ticketing Business Of Paytm Made GMV Of Values More Than Rs 400 Crore

Paytm, Ecommerce and E-payment giant, revealed that it’s movies ticketing business that was launched in March of previous year has prompted a GMV of over Rs 400 crore, and it is giving a competition to its rival BookMyShow in this regard. Paytm provides a platform to book online tickets in over 550 cities for more …

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Bigbasket and Grofers India in talk for Hook-Up

On Wednesday, Mint reported that BigBasket, Online grocery delivery service, and its rival Grofers India are in talks for potential merger. About the deal According to the report, if the deal of fusion will go through the earlier investor of Grofers named SoftBank Group, will engage in $60-$100 million of funding round in resultant company. …

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Goldman Collaborates with Credit Suisse for Flipkart’s Snapdeal Acquisition

Flipkart has joined hands with Goldman Sachs, an investment banking giant for the proposed acquisition of its e-commerce rival Snapdeal. Goldman Sachs has already started working with Credit Suisse to finalise the terms and conditions for the merger. As revealed by an informer that the sale is about to be setteled in coming weeks and …

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MapmyIndia, Backed By Flipkart, Owns VIDTEQ

MapmyIndia, a Global Positioning System navigation and location service provider has recently acquired VIDTEQ, a Bangalore based company for an amount not revealed by company. MapmyIndia which is managed by CE Info Systems Pvt. Ltd. is backed by Flipkart. About VIDTEQ VIDTEQ run by Vidteq Pvt Ltd, was established by Navada Muraleedhara and Chandra Thimmannagari …

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Seller Infrastructure Investment To Be Doubled By Amazon

If sources are to be believed, Amazon may invest double the amount in its seller infrastructure in India this year. This news came after the latest fund raising by Flipkart and this move is being looked at as a race for dominance in this highly demanding market. Capital investment is mainly for fulfillment services Gopal …

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Netmeds Moves Ahead Towards Offline Stores In Chennai

Netmeds is venturing into physical store business by opening 10 stores in Chennai. This medical platform is planning to start from Chennai and expand it’s reach in all major cities in India. About Netmeds Netmeds, India ki pharmacy, offers its customers medicines as well as healthcare products. One can buy medicines online at Netmeds just by …

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Paytm Initiates Food Wallet For Corporate

Paytm, leading digital wallet in India has come up with Food Wallet on its app. This feature is designed for corporate so that the employees can benefit tax free food vouchers and meal coupons. Other contenders in the same arena This new service is originated in order to contend some preexisting players in this arena …

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