Naspers makes a comeback to India; Eyes domestic fin-tech companies
Internet conglomerate is also scouting for deals in healthcare, logistics and AI sectors
PayU, Kreditech to offer cardless EMI option of Rs 1 lakh for online purchases
The product, PayU Monedo, is already live on a few ecommerce s...
'Walmart paid Rs 7,439 crore tax on Flipkart deal; did not deduct taxes from 34 shareholders'
US retail giant Walmart Inc had on September 7 ...
ZestMoney raises $13.4 million in a round led by Xiaomi
ZestMoney will strengthen its technology and data science capabilities as well as expand use cases for the core ZestMoney Affordability Product.
Online lending platforms gear up for festival loan rush with offers, discounts
Online lenders not only allow customers to borrow for short tenures, but also offer the choice of prepaying the loan without paying interest burden for the entire tenure.
With 47 per cent of total volume, India is gateway for PayU
This comes at a time when PayU is betting big on its India business which is set to turn profitable in the next two months, EThad reported earlier this month.
16 startups graduate from SAP Startup Studio
SAP Startup Studio, is a two-year old startup accelerator program which provides a one-year end-to-end engagement platform for startups to accelerate their growth journey.
Naspers scouts for buyers to exit travel boutique online
Naspers is said to have approached online travel services providers MakeMyTrip and Yatra, as well as financial investors for its stake in the business.
Flipkart’s critical moment was when Binny became group CEO: Naspers CEO
South African internet and media group Naspers was among the first few early investors in Flipkart and it kept the faith by backing the ecommerce company with continued capital.
Naspers-owned PayU snaps up Citrus Pay for $130 million in one of the largest fintech deals in India
In largest deal in Indian consumer internet space, Naspers-owned payments service to buy Mumbai-based rival with big returns for early investors
Emotion AI startup Entropik Tech, raises pre-series A of $1.1 million
The investments will help Entropik Tech scale their platform Affect Lab2.0, launch more IP based products and increase global footprint.
India should never be a digital colony like Europe: Naspers CEO Bob van Dijk
India needs to make sure that it builds an ecosystem for the success of local businesses. If I am blunt about it, I think Europe is a digital colony of the US. Europe has nothing.
Swiggy looks to extend service across hyperlocal delivery market by November
The pilot for Swiggy’s diversified utility delivery play is likely to be rolled out by October-November.
Naspers added $71 million to hold 16% in Flipkart
"The additional interest was acquired from existing shareholders of Flipkart. Following the investment, the group holds a 16% interest in Flipkart on a fully-diluted basis," according to the financial report filed by Naspers.
InCred plans to raise Rs 1,000 cr via equity selling
InCred focuses on lending into affordable housing, small and medium enterprises, education and consumer finance.
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