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Udaan raises $340 mn with eye on listing in 12-18 months

India’s largest eB2B platform Udaan said on Thursday that it has raised $340 million in Series E fi…

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Cars24 is India’s latest unicorn as it raises $200 million from DST Global and existing investors

Indian marketplace for second-hand vehicles Cars24 has raised $200 million in a Series E round led …

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Flipkart announces raising $1.4 billion from Tencent, eBay & Microsoft, and acquires eBay India

Flipkart announced the feat in a blog post. “This strategic partnership enables Tencent to particip…

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INTERVIEW | This one-year-old startup raised $82 million led by Tiger Global to offer employees advance on their salaries

One-year-old fintech startup Refyne, which allows working professionals to get a portion of their e…

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3 mins read

Flipkart raises its biggest round at a lesser valuation and acquires eBay but is it enough to steer off Amazon?

The e-tailer mentioned that this capital was raised at a post-transaction valuation of $11.6 billio…

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Social commerce startup DealShare raises $144 million from Tiger Global

Tiger Global has bet big bucks on social commerce startup DealShare, which closed its $144 million …

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1 min read

India's Startups just had the worst second quarter since 2013

India just had the most investment-starved second quarter since 2013. The total value of deals is d…

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Credit card payments company CRED launches peer-to-peer lending option for its 7.5 million users

These loans will be disbursed at a 12-13% interest rate annually. Of which upto 9% interest ra…

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Swiggy gets a $1.25 billion cheque from Softbank for the same reason Zomato went for an IPO

Swiggy has raised $1.25 billion in a funding round led by SoftBank Vision Fund II and Prosus, a we…

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1 min read

​Practo seeks Rs 400 cr from global investors to expand its leadership in India

According to one of the sources, “The deal is expected to close in the next four to five weeks.” Th…

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Ola is doing a good job! Its gross revenue to reach $1-billion by next quarter

This will make it only the third Indian startup after e-Commerce companies Flipkart and Snapdeal to…

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1 min read

Flipkart Is Rolling In Money, Raises US$ 210 Million from DST Global

Last week Flipkart bought one of the largest online fashion retailer in India, Myntra.com, for an e…

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3 mins read

Iconic fish species in Himalayan rivers could be in danger as climate change causes 26% habitat loss

The study -- 'Is There Always Space at The Top'-- was published in the 'Ecological Indicators', a j…

PTI   


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Government is going aggressive to promote e-vehicles, plans on funding 60% of R&D cost

"A lot of research is being done at the basic level in India. Indian engineers also work on develop…

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Ola to raise 3,150 crore to double valuation, in talks with investors

An Ola executive said that the firm is targeting to raise $550 million at a post-money valuation of…

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Ola Cabs to receive $400mn funding soon

New York-based hedge fund Falcon Edge and Silicon Valley venture fund Accel Partners are expected t…

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Taxi hailing app, Ola raises $500 million from Tiger Global, SoftBank and others

Commenting on the funding, Bhavish Aggarwal, cofounder and CEO, Ola told ET, “We are excited about …

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Udaan lays off 100 employees a week after raising $340 million

Homegrown B2B e-commerce platform Udaan, which raised $340 million last week, laid off more than 10…

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Yuri Milner, the richest Russian in Silicon Valley, has renounced his Russian citizenship amid the Ukraine war

Billionaire investor Yuri Milner — known for his profitable bets on tech firms like Airbnb and Face…

Huileng Tan   


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3 mins read

Instacart's stock falls below the IPO price. Here are 7 reasons why.

An analysis of Instacart's lackluster IPO performance and its tough grocery delivery business model…

Alistair Barr