Flipkart puts $4 million in EasyRewardz
The investment, as per EasyRewardz executives, is part of an ongoing funding round that could also see the startup raise capital from others.
PaySense explores lending opportunity, acquires an NBFC
ET had in August reported that PayU was in talks to acquire PaySense in a potential c...
Naspers-PayU, Tencent eye stake in Pine Labs
While Pine Labs does not have a high cash burn, the additional capital raised will help it expan...
Don’t let vested interests stifle innovation: Prosus CEO
Prosus CEO Bob van Dijk's statement comes at a time when the DPIIT is looking into online food delivery companies like Zomato and Swiggy, where Prosus owns a 39% stake for an investment of $850-900 million, for deep discounting, data masking and private labels.
ElasticRun raises $40 million from Prosus Ventures, Avataar, others
ElasticRun will invest freshly raised capital to further build its technology platform, expand categories, and expand its network coverage to new geographies, its cofounder Sandeep Deshmukh said.
Naspers to bet on machine learning
Naspers has taken stakes in myriad businesses around the world to try and replicate its success with Tencent, which it backed as a startup 18 years ago.
India remains the No 1 focus for Naspers: Group CEO Bob van Dijk
South African firm has ploughed $4 billion into India over past five years, making it the second largest internet investor after SoftBank.
PayU eyes MobiKwik’s payment gateway
MobiKwik is fighting a broader battle against deep-pocketed rivals such as Paytm, PhonePe and GPay.
SoftBank, Naspers eye Dream11 stake
The deal could see the participation of more than one new investor. Additionally, Dream11’s existing backer Tencent is also keen to increase its stake in the company.
Credit Saison India gets NBFC licence from RBI
The company, which operates in the country under its registered name of Kisetsu Saison Finance India, has also received $30 million from the Tokyo Stock Exchange-listed parent entity.
Startups plan Cibil-like rating for users
Companies to share data on a common platform to deter bad behaviour, reward the good.
Ant Financial may lead $600 million funding in Zomato
Last week, Zomato said its revenue for the first half of the ongoing financial year jumped more than three-fold to $205 million, compared with $63 million in the year-ago period.
Meesho bags $125 million from Facebook, Naspers & others
Meesho offers solutions for discovery, logistics and payments to enable easier transactions between resellers and buyers.
South Africa’s Naspers may lead $55 million round in logistics startup ElasticRun
Post funding, the valuation of firm may touch $250 million.
Avataar Venture Partners to invest $300 million in B2B and SaaS companies
Avataar Venture Partners will typically put in $10-$30 million in its portfolio companies, aiming to make about 10 investments from its maiden fund.
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