Flipkart sets an ambitious target of 15-fold growth in this high-value category, which also promises to deliver healthy profits.
A mutual fund managed by T Rowe Price has marked down its shares of India's most valued internet company Flipkart by 15%, the second investment firm after Morgan Stanley to resort to such a move.
Flipkart is racing to cut expenses and earn a gross profit ahead of the festival season, when demand for big discounts will renew the fractious battle.
Online fashion portal Jabong, which has been on the block for over a year, is struggling to find a buyer despite its investors dropping the asking price drastically.
During his stint with Flipkart, Soni was responsible for significantly enhancing the product design capability and hiring a robust technology team.
VentureNursery’s demand that it be given access to information and the right to exit at a pre-determined valuation has stalled the acquisition process.
Ekart has started winning clients among brick-and-mortar brands as it aims to become an independent logistics powerhouse.
“UPI will bring easier and cost effective methods to load money in Paytm,” said Vijay Shekhar Sharma, CEO, Paytm.
French beauty products maker L’Occitane is leading a $6-million funding round in on-demand beauty services startup MyGlamm, which will be the largest round of funding in the sector.
With Rs 6,100 crore fund, Sequoia Capital sees 2016 as great year to make new investments in startups
Sequoia Capital India strikes a discordant but optimistic note when it says 2016 will be of a “wonderful vintage” and a great year to make new investments in startups.
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