Google in buyout talks with Indian startups and VC firms
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.
Madhav Chanchani
Investment firm Stellaris raises $50 million for early-stage funding of ideas
Software major Infosys and the country’s top lender to small businesses, Sidbi, are among investors that took part in the funding.
Alibaba plans formal entry into Indian marketplace with fresh funding of Rs 1,700 crore in Paytm
The deal is expected to lead to a shakeout in the sector, which has witnessed a tough battle between Flipkart, Amazon and Snapdeal.
Service charge makes up third of revenue for IPO-bound IRCTC
IRCTC charges Rs 40 on every ticket booked in air-conditioned classes. For sleeper class, a service charge of Rs 20 is levied.
IDG Ventures India closes Rs 1,360-cr fund
International Finance Corporation is looking to invest about $20 million in IDG Ventures India III
Flipkart aims to halve monthly spend to $20 million
The company, which is keen to shore up its reserves, could settle for a valuation of $10-12 billion, according to the sources.
Uber India ropes in ex CEO of DEN Networks to head central operations
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.
Amazon India says half orders placed by Prime members during latest sale
Prime is an annual subscription programme by Amazon where customers get free 1 and 2 day deliveries besides access to Amazon Video.
Growth comes at a price for Flipkart, Amazon & Snapdeal
ET takes a look at how these marketplaces stack up and where the cash is being spent.
Venture capital firm Saama raises $58 million for third fund
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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