NEWS AT A GLANCE
'Info Edge' and Others Invest in E-Commerce Platform 'ShopKirana'
'Mumbai Angels Network' Invests in Startup 'Fric Bergen'
Walmart India Shuffles Top Management, Appoints New Head
Priyanka Chopra-Backed 'Bumble' Debuts in India
Zomato signs in 'Durga Raghunath' to accelerate growth in businesses>

Category Archives: News

News

Snap Inc invests in ‘Placed’ at $200 million

Snap Inc invests in ‘Placed’ at $200 million
A new investment by Snap Inc rolls eyeballs! To quote David Shim further, "Over the past 12 months, ‘Placed’ has measured more than $500 million in media spend to store visits, across thousands of campaigns and hundreds of partners, cementing Placed as the leader in location-based attribution.” Ever since its inception, this biggie has taken…
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Myntra eyes 10x growth over the next three years

Myntra eyes 10x growth over the next three years
Here’s a new step by Myntra… Myntra, India’s leading destination for fashion and lifestyle online, announces the launch of its accelerator programme, according to a press statement. Through this initiative, Myntra is looking to forge strategic partnerships with about 10-15 local fashion brands who have a unique sense of design and a rigid backup force.…
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HSBC ties up with Artificial Intelligence startup

HSBC ties up with Artificial Intelligence startup
HSBC partners with AI-related startup! As money-laundering issues increasingly surface, HSBC Holdings PLC has joined hands with Ayasdi Inc, a Silicon Valley based startup in artificial intelligence space. The move is aimed to automate some of its compliance processes and prove its efficiency in due course. Andy Maguire, chief operating officer of HSBC said that…
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Amazon nails it yet again, this time at $1,000

Amazon creates history once again. Here’s how… Amazon, e-commerce giant hit the milestone $1000 per share on the stock market, for the first time ever in history. This move comes as a victory for the company after a 52-week low of $682.12. So far, only 14 other US stocks have traded above $1000 per share,…
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Matrix Partners invests into Loadshare Networks

Matrix Partners invests into Loadshare Networks
Here's more news on the startup sphere... Matrix partners, a US-based private equity player disclosed about its investment into Loadshare Networks, a startup, in an announcement on Tuesday. Raghuram Talluri, co-founder and CEO, Loadshare, said, “We see a big upcoming change in the Logistics sector over the coming decade and at the heart of this…
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DIPP seeks fresh infusion of startup funds

DIPP seeks fresh infusion of startup funds
In a move to invest into more innovative startups, Department of Industrial Policy and Promotions ( DIPP ), which manages government FoF, seeks a fresh infusion of Rs 1600 crore into its kitty. This could meet supplementary demand for grants. “Considering the fund has to be spent over the next nine years, per year, the…
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