Category Archives: News


Scoopwhoop co-founder accused of sexual harassment

An ex-female employee of Scoopwhoop, media and news company, levelled charges of sexual assault against Suparn Pandey, the company’s co-founder and an FIR has been registered for the same, according to Catch News report. The complainant has also named Sattvik Mishra and Sriparna Tikekar, co-founders for aiding the harassment while trying to hush up the…
Read more

Flipkart raises $1.4 billion to take on Amazon

India's top e-commerce firm Flipkart has raised $1.4 billion in its biggest fundraising to date as it takes on U.S. tech giant Inc for a larger share of the country's burgeoning online retail market, according to reuters report. Chinese social media and entertainment firm Tencent Holdings Ltd, the world's biggest software company Microsoft Corp…
Read more

SoftBank prods for Snapdeal-Flipkart merger

Japan’s SoftBank plans to initiate a merger between two Indian startup behemoths- Snapdeal and Flipkart in an effort to take on Amazon, which has pledged to spend $5 billion to become the country’s dominant internet retailer, according to the latest news report by Financial Times. Three out of the four major stakeholders- SoftBank group corporation,…
Read more

Indian founder rocks Silicon Valley with hottest startup

Cohesity Inc, a startup that specializes in data storage, led by Mohit Aron, an Indian founder secured funding that raised the company’s valuation over $500 million, boosting its prospects majorly, a person familiar with the matter told Bloomberg. “The new infusion will help the startup expand internationally while also improving its lineup with more engineers,”…
Read more

SoftBank backs out of Snapdeal funding deal

Softbank, a Japanese investor backed out of a $150-200 million debt financing it had offered to Jasper Infotech, Snapdeal founder, escalating a boardroom battle involving the online marketplace’s new and old investors, multiple people aware of the development told ‘The Economic Times.’ Lines are being drawn across the seven-member board, with Soft-Bank, the largest stakeholder…
Read more

Amazon founder becomes the world’s 2nd richest person

-Amazon's founder adds $10.2 billion to his net worth this year -Warren Buffet falls $4.7 billion from peak during Trump rally Jess Bezos, Amazon’s founder has leapt past Amancio Ortega and Warren Buffet to become the world’s second-richest person, according to Bloomberg news. Bezos, 53, added $1.5 billion to his fortune as Inc rose…
Read more