Startup capital drive continues with investors betting on food delivery, education, travel
A closer look at the data shows that the number of seed and angel deals have more than halved from the peak of 1,030 in 2016 to 484 in 2018.
Tech startups, ecommerce companies to step up hiring in 2019
Players like Oyo and Swiggy are likely to increase in headcount up to 30% as the...
PayU now opens its door wide to offline businesses, earmarks Rs 50 crore
The product, which is already in its beta testing mode, has around 5...
Swiggy raises $210 mn in fresh round of funding led by Naspers and DST Global
Food delivery platform Swiggy today said it has raised USD 210 million (over Rs 1,430 crore) in fresh round of funding led by Naspers and DS...
Swiggy enters unicorn club, raises $210 million from DST Global, Naspers
The additional capital will be used by Swiggy to ramp up its supply chain network and expand to new markets. Swiggy was valued at $700 million in February, and the recent round is expected to value it over $1.2 billion.
Naspers raises $9.8 bn from Tencent stake sale
Naspers said it sold 190 million shares in Tencent via an accelerated bookbuilding process, reducing its holdings to 31.2 percent, to strengthen its finances.
Faasos in talks to raise $100 million for expansion
Existing investor Sequoia Capital will put in $10-15 million in the latest round of $35-million equity financing, which is just closing.
How a pivot brought PayU India to the right route
While we had raised money on the back of the Citrus payments business, there were concerns amongst investors over Cube as a new business line and an investment into it.
Naspers lines up billions for tech investments
Naspers has become one of the world’s largest investors in e-commerce ventures as it tries to build on the success of its early stage investment in Tencent - now worth $472 billion.
Income Tax department examining taxation issues in Walmart-Flipkart deal
The CBDT member further said the revenue department has sold almost all of Cairn Energy Plc's attached shares to recover part of the Rs 10,247-crore retrospective tax demand.
'Don't compromise on company vision when you sell or merge'
The combined entity, wholly owned by South Africa's internet and media conglomerate Naspers, is now being steered by Citrus founders Amrish Rau & Jitendra Gupta.
Naspers may partner Tencent to deliver $200 million to Swiggy
The development comes shortly after Japan’s SoftBank dropped out of talks to invest $200-250 million in Swiggy for a significant minority stake.
eNACH suspension may pinch digital lenders
Digital lenders are set to see operational costs increase as they will no longer be able to use a completely paperless model for automated collection of loan payments from customers.
Swiggy pilots B2B offering under Swiggy Café at corporate cafeterias
The offering is being tested at two corporate parks in Bengaluru, including one that houses Swiggy’s headquarters. The pilots began over three months ago.
PayU wants to give up PPI licences, consumer wallets
CEO Amrish Rau said the company was not very keen on pushing forward its consumer-facing business.
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