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VCC Startups weekly wrap: SoftBank in focus; Ola turns to bicycle; Nazara gets funds

TMT

02 December, 2017

VCC Startups weekly wrap: SoftBank in focus; Ola turns to bicycle; Nazara gets funds

Japanese investor SoftBank was in focus this week as it moved ahead on its share purchase of Indian e-tailer Flipkart ......

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Fund Scan: Kalaari seeding more startups but blockbuster harvests still a far cry

Finance

01 December, 2017

Fund Scan: Kalaari seeding more startups but blockbuster harvests still a far cry

There is an eerie similarity between Snapdeal and RightWorks. But Kalaari Capital co-founder Vani Kola would, perhaps, disagree.A lot has ......

Flipkart's current, former employees trimming stakes as part of SoftBank deal

TMT

30 November, 2017

Flipkart's current, former employees trimming stakes as part of SoftBank deal

Some early Flipkart investors, employees and ex-employees are selling their shares in the Indian e-commerce firm as part of a ......

From hunter to gatherer: Why part-exiting Flipkart, Ola is a prudent move by Tiger

TMT

30 November, 2017

From hunter to gatherer: Why part-exiting Flipkart, Ola is a prudent move by Tiger

New York-based investment firm Tiger Global has seen all seasons of startup investing in India—a full-of-promise spring in 2005-10, a ......

Flipkart appoints CTO Ravi Garikipati as head of fin-tech

People

29 November, 2017

Flipkart appoints CTO Ravi Garikipati as head of fin-tech

Days after announcing its intentions to sell insurance products, homegrown e-commerce major Flipkart has appointed Ravi Garikipati, its chief technology ......

B2B logistics startup BlackBuck names former Souq exec Dinesh Ajmera as CTO

People

29 November, 2017

B2B logistics startup BlackBuck names former Souq exec Dinesh Ajmera as CTO

Bengaluru-based business-to-business logistics startup BlackBuck, which is run by Zinka Logistics Solutions Pvt. Ltd, has appointed Dinesh Ajmera as chief ......

SoftBank may invest $200-250 mn in food delivery platform Swiggy

TMT

29 November, 2017

SoftBank may invest $200-250 mn in food delivery platform Swiggy

Japanese telecom and internet conglomerate SoftBank is in discussions to invest around $200-250 million (Rs 1,288-1,610 crore) in homegrown food ......

Myntra to buy stake in former PE exec's fashion e-commerce startup

TMT

29 November, 2017

Myntra to buy stake in former PE exec's fashion e-commerce startup

Flipkart group’s fashion and lifestyle e-tailing arm Myntra is likely to acquire a stake in Mumbai-based women-focused online fashion platform ......

SoftBank's purchase of Flipkart shares from Tiger, Accel awaits regulatory nod

TMT

29 November, 2017

SoftBank's purchase of Flipkart shares from Tiger, Accel awaits regulatory nod

The sale of Tiger Global and Accel's shares in homegrown e-commerce firm Flipkart to Japan's SoftBank is awaiting clearance from ......

Flipkart co-founders booked for 'cheating' businessman

TMT

28 November, 2017

Flipkart co-founders booked for 'cheating' businessman

The Bangalore police have registered a case of cheating under different sections of the Indian Penal Code against Sachin Bansal ......