Reed Hastings sat down with ET during his visit to India for the Economic Times Global Business Summit to talk about progress it has made in India, future of the studio business and advise for startups.
Venture capital firms say LPs that had been taking macro calls on India, varying in extremes from euphoria to doom and gloom, are now more nuanced and likely to be more selective.
Sharma said he will approach the National Payments Corporation of India (NPCI), which has developed the UPI system, and even higher authorities to highlight this issue.
Flipkart’s valuation fell from $15.2 billion in 2015 to $11.6 billion in April 2017, when it raised capital in a round led by Chinese internet conglomerate Tencent.
The firm, best known for its bets on online marketplaces like Snapdeal and ShopClues, will increase the share of investments in companies based in the US in the software space as several of its bets on the consumer-internet space have turned sour.
PremjiInvest which is said to be managing at least $3 bn of assets — predominantly in the public markets — is by far the largest family office in the country.
Alibaba, Tencent, SoftBank corner Amazon and Uber to become the biggest allies of India’s digital entrepreneurs
The moves undertaken by local and global internet players clearly indicate that the strong are getting stronger in the Indian internet ecosystem.
Online retailer believes that it has made competition irrelevant in 2017 and will shift focus to increasing monthly active transacting customers.
XpressBees is the logistics business spun out of baby and maternity products retailer FirstCry, known for its acquisition of Mahindra’s Babyoye in 2016.
This move could get small merchants who were keeping away from digital payments because of the cost involved to finally start accepting payments digitally.
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