Astro has built a sizeable digital portfolio in India of over $200 million, of which Getit is the largest where it holds over 90% stake.
It also comes less than two months after rival ecommerce firm Amazon led a Rs 150-crore funding round in home services startup Housejoy.
The company plans to invest Rs 135 crore in 40 startups over the next two years as a part of its seed and incubation programme.
The deal would give Amazonbacked Housejoy a foothold in “a strategic category” to help drive repeat customer usage.
Flipkart’s new CEO Binny Bansal is seeking to rev up the company’s growth through the business he knows best, its logistics unit Ekart.
This is Flipkart’s second fund infusion in seven months into the logistics business that’s housed under a newly created entity called Instakart Services.
Rare Media develops mobile apps, especially for business-to-business sales force management, which 99acres uses for data verification of its field team.
Truebil raises Rs 35 crore Series-A funding from Kalaari Capital, Inventus Capital and Tekton Ventures
Truebil, an online market for buying and selling second-hand cars, has raised Rs 35 crore Series-A funding from venture capital investors.
Flipkart, which says it sells one out of five smartphones in India, expects handset sales to hit 100 million devices this year, but fears sales will begin to taper after that.
Ronnie Screwvala’s online education venture, is in advanced talks to acquire three companies in India and the USA.
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