The world's largest internet company is planning to directly invest in or acquire startups that cater to whom it refers to as next billion internet users.
Software major Infosys and the country’s top lender to small businesses, Sidbi, are among investors that took part in the funding.
The deal is expected to lead to a shakeout in the sector, which has witnessed a tough battle between Flipkart, Amazon and Snapdeal.
IRCTC charges Rs 40 on every ticket booked in air-conditioned classes. For sleeper class, a service charge of Rs 20 is levied.
International Finance Corporation is looking to invest about $20 million in IDG Ventures India III
The company, which is keen to shore up its reserves, could settle for a valuation of $10-12 billion, according to the sources.
Pradeep Parameswaran, former CEO of cable firm DEN Networks, will head central operations of Uber India as the cab hailing giant further builds a country team against its city-led approach globally.
Prime is an annual subscription programme by Amazon where customers get free 1 and 2 day deliveries besides access to Amazon Video.
ET takes a look at how these marketplaces stack up and where the cash is being spent.
Saama Capital will continue its focus on the seed and series A rounds as it feels smaller fund size make it easier to return capital to its investors, or limited partners (LPs).
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