The Central Board of Direct Taxes (CBDT) eyes companies invoicing revenues out of India with operations here.
Prime Now will serve as a platform focusing on high-frequency use cases of both food and grocery delivery, as Amazon looks to capture a bigger share of urban consumers.
The overall volume of sales by these sellers has gone up in the range of 6-10% in the recent past as Amazon-backed sellers have tried to curtail their volumes to comply with FDI rules.
Silicon Valley veteran talks about India’s startup scene, tech regulation, and AI opportunities.
PhonePe, which recently crossed 3-billion-transactions landmark on its platform, is believed to be looking at a valuation in the range of $8 -12 billion.
DealShare, unlike most startups which operate from big cities like Bengaluru, operate from the Pink City.
After Paytm Mall (the e-commerce business), this would be the second entity that would raise new capital from external investors.
Steadview’s interest in BharatPe comes at a time when merchant-focused fintech companies like Open and Razorpay have raised fresh capital from investors like Tiger Global and Ribbit Capital.
WhatsApp is bullish on prospects in India as it revealed that it has 400 million monthly active users here out of a global base of 1.5 billion.
Brookings India Study Notes Shift In Trends; But Measuring Work Of Enterprises Remains Challenge.
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