Startups helping young adults get small loans, typically below Rs 1 lakh, seeing interest from investors, emerges as one of the hottest sectoral themes for this year.
One of the most watched startups of 2015, OYO's difficulties in fund-raising comes at a time when travel portals MakeMyTrip and Goibibo plan to invest in white-label hotel business.
Amazon’s largest domestic rival Flipkart launched its digital wallet last week as online payments increasingly become pivotal.
Flipkart Money has been launched on Android devices, where it can be topped up with Rs 10,000 at a time using credit card, debit card and net banking.
Equalisation levy of 6% on digital ad: Government finds a way to tax companies like Google, Facebook
Instead of a straight tax on digital advertising platforms, the government has come up with “equalisation levy” of 6% on the fees that advertisers pay.
CFO Rajiv Bansal termed initiatives like Ola Cafe and Ola Store as “experiments”, while the cab aggregation and wallet business will be critical.
The proposal is aimed at skilling 1 crore youth in the next three years, Finance Minister Arun Jaitley said announcing the Budget on Monday.
Morgan Stanley’s steep markdown of Flipkart’s stock threatens to put a dampener not only on the latest fundraising but also on entire ecommerce market.
Valuations of tech and ecommerce companies like LinkedIn, Twitter and Alibaba taking hits, markdowns have become routine.
Morgan Stanley had picked up shares in Flipkart as a part of its series D round of funding in 2013, when the e-tailer had raised $360 mn in two tranches.
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