Madhav Chanchani

  • Y Combinator picks 28 Indian startups

    Y Combinator picks 28 Indian startups

    A Y Combinator spokesperson said the number of from each country is still not final and that it is not related to its Chinese exit either.

    SoftBank-backed FirstCry acquires playschool chain Oi

    SoftBank-backed FirstCry acquires playschool chain Oi

    The move, which is the second major acquisition by FirstCry after it bought Mahindra’s baby care retail business Babyoye in 2016, will allow the firm to be present across the life cycle of a child from before conception to early education.

    Zomato frontrunner to acquire UberEats

    Zomato frontrunner to acquire UberEats

    Talks for the acquisition come even as Zomato is in the midst of raising capital where it has already got a commitment from existing backer Ant Financial for $200 million. The funding round will value Zomato over $3 billion, and a potential share-swap may also happen using that benchmark.

    Snapdeal in talks for $100m at valuation of $800m-1.2bn

    Snapdeal in talks for $100m at valuation of $800m-1.2bn

    The new round is expected to benchmark a new valuation for Snapdeal besides testing if its founders can win investor trust for the business after seeing a significant value erosion, said the first source mentioned earlier.

    Don’t let vested interests stifle innovation: Prosus CEO

    Don’t let vested interests stifle innovation: Prosus CEO

    Prosus CEO Bob van Dijk's statement comes at a time when the DPIIT is looking into online food delivery companies like Zomato and Swiggy, where Prosus owns a 39% stake for an investment of $850-900 million, for deep discounting, data masking and private labels.

    E-payments battle leads to $1 billion loss for top companies in FY19

    E-payments battle leads to $1 billion loss for top companies in FY19

    While a large part of the losses for these companies (Softbank-backed Paytm, Walmart-owned PhonePe and Amazon Pay) were driven by marketing and promotion spends, including cashbacks to customers, costs related to technology and employees were other significant contributors.

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