Zomato has also written off Rs 104 crore of the value of its $52 million acquisition of UrbanSpoon, terming it as a non-cash charge on goodwill of the brand.
IIM-A asks Flipkart to guarantee jobs of recruits, says Rs 1.5 lakh compensation for late joining unacceptable
The email, a copy of which ET has, suggested that the delay should be shortened and said the compensation of Rs 1.5 lakh offered by Flipkart was “utterly unacceptable.”
Saama, which has also made several non-tech investments like Chai Point and Raw Pressery, expects to make a final close by third quarter of 2016.
ET puts Binny Bansal's Flipkart under the lens to examine how different the company is from the Flipkart of 2015.
Flipkart will remain the largest player in online retail, no challenger in sight for top slot: CEO Binny Bansal
"I think the only way to do that is we need to deliver this value proposition, innovate and solve local problems with local technology solutions," Binny Bansal said.
Flipkart exchanges GMV for customer loyalty; markdowns of valuation by MFs irrelevant: CEO Binny Bansal
Instead of obsessing about GMV, the online marketplace is embracing ‘net promoter score’ (NPS) which Bansal is hawking as a proxy for customer loyalty.
Nalanda will raise over $600 million for the new fund, which will take the corpus raised by the only public marketfocused investor to about $1.5 billion.
With the new round of financing, Apollo Health & Lifestyle plans to open 151 small-format healthcare centers, 9 maternity facilities and 64 pathology labs.
The spending underlines an increasingly expensive battle for domination of the hotel booking space being fought between Ibibo Group and OYO.
The four startups were selected by the team at Apple about a week ago, but were not informed that they will be meeting Cook.
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