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Tencent invests $400 million in Ola for a 9.5% stake: Report
This would bring SoftBank's stake in Ola, which earlier stood at 40%, down.Homegrown ride-hailing firm Ola has raised $400 million from Chinese internet giant Tencent (backer of Alibaba). The...
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Ola cabs raises $1.1 biillion from Tencent, SoftBank and others
Ola is also in talks with other investors to raise an additional $1 billion with new and existing investors.Leading cab aggregator Ola said it raised $1.1 billion (Rs 7,150 crore) in the latest funding...
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Ola receives $1.1 billion in funding from SoftBank, Tencent and others
It will utilize the funds to develop capabilities in machine learning and AI.Ola has done it again – it has successfully managed to raised funds. Since last November, the homegrown ride-hailing service...
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Meru Cabs files complaints against Ola, Uber for misusing market position
Meru is wary of SoftBank's increasing involvement in Ola and Uber.The app-based taxi space in India is heating up by the day. While the top two — Ola and Uber — are competing for market share, consumer...
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SoftBank-Uber deal likely next week: Official
Softbank plans to acquire 14-20 percent stake in Uber.SoftBank’s multi-billion-dollar investment into ridesharing app Uber will be finalised “very likely in the next week” Uber board member Arianna...
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SoftBank’s investment in Uber ‘very likely’ to be...
Earlier reports suggested that SoftBank could pump in $12 billion in Uber.Japanese investment giant SoftBank has expressed keenness to buy into Uber for a while now. Founder Masayoshi Son was clear...
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Flipkart in talks to invest in Swiggy, UrbanLadder, UrbanClap and others:...
Since 2007, Flipkart has acquired over 20 small and big firms.Flipkart is on an investment spree. And why not? Armed with over $4 billion cash after SoftBank’s $2 billion investment last month,...
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Prime Video and Echo to be Amazon’s focus areas in India now: Report
Amazon has said that it will double down on its India investments.It’s no secret that India is one of Amazon’s key markets globally, and its fastest-growing as well. In order to serve a nation of 1.3...
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India’s startup funding in 2017 has been more than double that of last...
More than $10 billion has been pumped into India's startups this year.India is one of the fastest-growing startup economies in the world. But the last two years had witnessed a kind of cyclical...
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Uber’s Southeast Asia rival Grab crossed a billion rides in October
Grab is backed by China's Didi Chuxing and Japan's SoftBank.Grab, Uber’s biggest rival in Southeast Asia, has just completed a billion taxi rides. The ride-hailing company reached the milestone in the...
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SoftBank says it might walk out of Uber negotiation and invest in Lyft: Report
SoftBank would opt out if arriving at the right price for Uber was difficult.SoftBank has been contemplating a significant investment worth several billions of dollars in Uber for some months now. In...
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Uber approves SoftBank’s $10 billion investment offer: Report
The deal will reduce the influence of Travis Kalanick and also bring in several governance changes at Uber.After several months of speculations and negotiations, Japanese investment giant SoftBank will...
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Moto X4 launch, OnePlus 5T unboxing, Xiaomi Redmi Note 4 price drop and more:...
Here are the top news of the day.Today’s day started off with yet another leak about the upcoming OnePlus 5T. We also saw Xiaomi dropping the price of its most shipped smartphone, the Redmi Note 4....
View ArticleXiaomi plans to invest $1 billion across 100 Indian startups: Report
Xiaomi’s journey since it started selling phones in India in 2014 has been the stuff of legends. In just three years, it has toppled Samsung as the top smartphone brand in the country. In the process,...
View ArticleTiger Global readying for billion-dollar exits from Ola, Flipkart: Report
Anyone familiar with the Indian startup circuit would know of Tiger Global, and be acquainted with the influence it has wielded over e-commerce companies. One of America’s most illustrious private...
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SoftBank wants to buy Uber shares for 30% less; will lower valuation to $48...
Earlier this month, the Uber board had approved a $10 billion investment offer from Japan’s SoftBank in exchange for a sizable stake. The deal would usher in a new era at Uber, and limit controls of...
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SoftBank to buy more Flipkart shares at a lower valuation of $10 billion: Report
SoftBank is omnipresent in the Indian startup ecosystem after having cut deals with the biggest firms, viz. Flipkart, Paytm, Ola, and more. In August, it led a primary fund infusion of over $2 billion...
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SoftBank, Tencent looking to invest $250 million in Swiggy: Report
Foodtech startup has generated significant interest among investors and rivals lately. First, there were speculations that Flipkart was looking at an investment in it. Then came reports of Zomato...
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Uber’s Q3 losses increase to $1.46 billion while rival Lyft sees revenues...
Uber has had a tough year, and it’s not over yet. The ride-hailing major’s losses for the third quarter have widened to $1.46 billion as it struggles to ward off competition, lawsuits and regulatory...
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Amazon continues steady growth in India; increases sales by 105% in FY17: Report
Amazon’s growth in India has been steady since it launched here four years ago. The online retail giant grew its revenues by 105 percent in FY17. While regulatory filings of Amazon Seller Services...
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