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

SoftBank prods for Snapdeal-Flipkart merger

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,…
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Indian founder rocks Silicon Valley with hottest startup

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,”…
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SoftBank backs out of Snapdeal funding deal

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…
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Amazon founder becomes the world’s 2nd richest person

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 Amazon.com Inc rose…
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Gender gap tops Uber’s diversity report

Gender gap tops Uber’s diversity report
According to Uber Technologies’ first diversity report, women and non-white employees are underrepresented at the ride-services company- just as they are at many technology firms, says a report by reuters. Uber released the information after a series of revelations about its culture and business tactics that have incited calls for consumers to boycott the company…
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Amazon’s Real, Big Indian retail stores dreams

Amazon’s Real, Big Indian retail stores dreams
India could represent another big market for Amazon in physical retail, according to a recent report by The Economic Times, sourced from NYT News Service. The company, which has vowed to spend billions of dollars on its efforts in the country, recently sought approval from the Indian government to open online and physical food stores…
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