17 local Venture Capital funds were sanctioned by the Government’s Fund-of-Funds (FOF), an investment strategy, amounting to INR 623.50 crore last year. The investment was planned to support Venture Capitals who could invest in start-up. VCs invest in 62 stratups According to a data revealed by #DIPP (Department of Industrial Policy and Promotion) and #Sidbi ( Small Industries …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
Credihealth, Medical Assistance Company, has gained an investment of $1.5 million from Mountain Pine Capital and Tolaram Inc, family of office investment arm of Tolaram Group. Bala Swaminathan who was the former partner at KPMG and one of the initial investors was also present during the funding round. Capital will be used to enhance innovation …
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 …
