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Paytm eyes top spot in e-commerce business in 3-5 years: Vijay Shekhar Sharma
SoftBank-backed Paytm plans to invest up to $2.5 billion to grow its nascent online shopping portal business within 3-5 years as it eyes top spot by beating Flipkart and Amazon, its founder Vijay...
View ArticleHike adds new features to groups
Indian instant messaging platform Hike on Thursday added new social features for groups that are built inside the application. “Our new features will make sharing much easier within the group and raise...
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Hike adds voting, bill split, event reminder in its chat app
Indian instant messaging platform Hike added new social features for groups that are built into the application. “Our new features will make sharing much easier within the group and raise the fun and...
View ArticleSoftBank seals deal for large Uber stake, trimming valuation
Uber and SoftBank announced a deal allowing the Japanese tech titan to take a large stake in the US ride sharing giant, making a hefty cut in the valuation of the biggest venture-backed startup....
View ArticleUber investors sell at big discount, but still make billions
Investors in the Uber ride-hailing service didn’t get all they wanted in selling at least part of their holdings to a group led by Japanese technology conglomerate SoftBank. But don’t show them too...
View ArticleChina’s Didi Chuxing buys Brazil’s 99 in new challenge to Uber
Chinese ride-hailing giant Didi Chuxing said today it had bought Brazil’s 99 Taxis, opening another front in the Beijing-based company’s global battle with Uber. Didi, which claims to be the world’s...
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Uber seals $9.3 billion stock deal with SoftBank as top stakeholder
Uber has completed the sale of its stock, following which SoftBank has become its largest shareholder. Uber sold a total of $9.3 billion in stock, of which $8 billion has been sold at a discounted...
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Reliance Jio reports first ever profit, Apple App Store redesign on Web,...
Today was the day of calm in the world of tech with smartphones getting the much-needed software updates and app downloads registering record growth in emerging markets. However, the day belonged to...
View ArticlePaytm employees rake in Rs 300 crore through ESOPs sale
Fintech major Paytm today said some of its former and present employees have offloaded their stock in the company, raking in about Rs 300 crore from the secondary share sale. The company said the...
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Flipkart losses surge to Rs 8,771 crore in FY 17 even as overall revenue...
Flipkart Group’s losses surged by 68 percent to Rs 8,771 crore in the financial year ending March 2017 as the e-commerce giant continued to spend heavily to maintain its lead over Amazon in India....
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SoftBank confirms Qualcomm Snapdragon 855 Fusion Platform with 5G-capable modem
Smartphones running the newest Qualcomm Snapdragon 845 SoC are still under the process of hitting the market, and we already have details about the next-in-line Snapdragon X50. SoftBank, in its...
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Uber and Ola merger could happen soon
A merger between Uber and Ola in India could be on the cards, as the rivals in the Indian taxi aggregation space are said to be in talks for a possible merger. Japan’s Softbank, a common investor in...
View ArticlePaytm Mall gets unicorn status with Rs 2,900 crore funding from SoftBank,...
Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that values the online shopping venture of Paytm at $2 billion. About $400...
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Uber launches new, rebuilt app for drivers
Uber has today announced a completely refurbished app for its driver partners, which it says has been made “for and with drivers”. Uber says that the new app is aimed at providing a simpler and more...
View ArticleOla expands in Australia, begins service in Melbourne
Indian cab hailing firm Ola today said it has started operations in Melbourne, expanding its services in the Australian market. In February, the company had kick-started its services in Australia with...
View ArticleOla to add 10,000 electric vehicles in next 12 months
SoftBank-backed cab aggregator Ola today said it plans to add 10,000 electric vehicles, a majority being e-rickshaws, to its platform over the next 12 months as part of its ‘Mission Electric’...
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Flipkart-Walmart: Key investors agree to sell stake, except SoftBank
As Flipkart‘s big deal with Walmart is nearing, key investors in the e-commerce company have reportedly agreed to sell off their stakes, except SoftBank which is said to be waiting for a better offer....
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Amazon has made a formal bid to buy a 60 percent stake in Flipkart: Reports
While Walmart was earlier believed to be the front-runner to buy a controlling stake and take over Indian e-commerce player Flipkart, the latest reports might change that idea. According to a report by...
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Flipkart board approves Walmart’s offer to acquire 75 percent of the...
The acquisition of Flipkart has been a long-drawn out saga that has kept the Indian e-commerce space on edge, but it seems that a deal has finally been finalized. The front-runner for the acquisition,...
View ArticleFlipkart undertakes $350 million buyback ahead of Walmart deal
Moving closer to its deal with Walmart, e-commerce major Flipkart has bought back over 1.8 million shares worth more than USD 350 million from minority investors, as per information filed by Flipkart...
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