Paytm’s phone recharge, utility bill payment and online retail arms are billion-dollar businesses already, in terms of annualised revenue.
While Uber has also objected to the government charging Rs 50 lakh per 1,000 vehicles for a cab aggregator, the state government may not change the stipulation.
The move comes as Zomato looks to raise a new funding round after significantly increasing its net revenue and cutting burn rate over the past 12 months.
Amazon India conducted its festival season sales in three phases during October. The company said it sold more than 15 million units in the first phase of its Great Indian Sale, a three-fold increase over its five-day sales event last year.
This is the biggest operating loss that Amazon's international business has reported in its history, according to company filings reviewed by ET.
Even as it becomes the market leader by a margin post the acquisition, MakeMyTrip will see competition from players like Yatra, Cleartrip, OYO, Stayzilla besides international players like Bookings.com and Expedia for the hotel market.
Chennai-based FR8 develops solutions for the long-haul trucking segment and competes with BlackBuck, which is backed by Flipkart and Tiger Global.
Online retailer dismisses social media and internal speculation of an alleged fraud inquiry by PricewaterhouseCoopers.
Ecommerce co is looking to differentiate the positioning of its fashion portals, Myntra & Jabong, to prevent them from cannibalising each other in the rush for domination
Fintech has proved to be a lucrative sector for Sequoia Capital with exits like FreeCharge, Prizm Payments and more recently, Citrus.
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