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SoftBank Q2 profit soars 78% on Flipkart stake sale, Oyo valuation gain

Finance

05 November, 2018

SoftBank Q2 profit soars 78% on Flipkart stake sale, Oyo valuation gain

SoftBank Group Corp’s profit for the quarter through September jumped 78%, helped by gains from the sale of its stake ......

Flipkart acquires Israeli analytics startup Upstream Commerce

TMT

25 September, 2018

Flipkart acquires Israeli analytics startup Upstream Commerce

Walmart-owned Flipkart, the country’s largest e-commerce company, said on Tuesday that it has acquired Upstream Commerce, an Israeli startup which ......

Brand Capital backs online-to-offline grocery firm Avenue11

TMT

19 September, 2018

Brand Capital backs online-to-offline grocery firm Avenue11

Online-to-offline grocery platform Avenue11, based in Bengaluru, has raised Rs 26 crore ($3.6 million) from Brand Capital, the ad-for-equity arm ......

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In Charts: Singapore surpasses Mauritius for FDI inflows into India

Finance

12 September, 2018

In Charts: Singapore surpasses Mauritius for FDI inflows into India

Singapore has trumped Mauritius as the most favoured route for foreign direct investment (FDI) into India for three quarters in ......

Mitsui, others to pump $15 mn into shopping platform Naaptol

TMT

10 September, 2018

Mitsui, others to pump $15 mn into shopping platform Naaptol

Naaptol Online Pvt. Ltd, which runs an omnichannel shopping platform, is on course to raise $15 million (around Rs 109 ......

Flipkart buys Astarc Ventures-backed speech recognition firm Liv.ai

TMT

21 August, 2018

Flipkart buys Astarc Ventures-backed speech recognition firm Liv.ai

Homegrown e-commerce giant Flipkart on Tuesday announced the acquisition of Liv.ai, an artificial intelligence-based speech recognition startup, as part of ......

Chennai VC firm, JITO Angel Network invest in consumer lending startup HappyEMI

TMT

09 August, 2018

Chennai VC firm, JITO Angel Network invest in consumer lending startup HappyEMI

Consumer lending platform HappyEMI, owned by Hyperkonnect Technologies Pvt. Ltd, has raised $1 million (Rs 6.86 crore) from Chennai-headquartered early-stage ......

Walmart gets antitrust approval for $16-bn Flipkart deal

TMT

08 August, 2018

Walmart gets antitrust approval for $16-bn Flipkart deal

India’s antitrust regulator has approved Walmart Inc’s purchase of a majority stake in e-commerce company Flipkart, saying the $16-billion transaction ......

Flipkart's Myntra buys Pretr to boost omnichannel biz

TMT

01 August, 2018

Flipkart's Myntra buys Pretr to boost omnichannel biz

Flipkart-owned fashion retailer Myntra has acquired Pretr, a Mumbai-based omnichannel platform for retailers, the company said in a statement. The acquisition ......

PhonePe buys Tiger Global-backed PoS platform Zopper Retail

TMT

16 July, 2018

PhonePe buys Tiger Global-backed PoS platform Zopper Retail

PhonePe, the digital payments arm of homegrown e-commerce major Flipkart, on Monday announced the acquisition of Zopper Retail, a Point ......