- News Roundup: 13 Indian Startup News Stories That You Don’t Want To Miss This Week [16-21 April 2018] We bring to you the latest dope of the Indian startup news stories of the week from the Indian startup ecosystem. Following talks surrounding Flipkart-Walmart deal, Walmart is planning retention of senior leaders, like Ananth Narayanan, Sameer Nigam, Rahul Chari, Kalyan Krishnamurthy as well as founder Sachin Bansal. Also, Walmart has reached an agreement on […]
- News Roundup: 13 Indian Startup News Stories That You Don’t Want To Miss This Week [9-14 April 2018] We bring to you the latest dope of the Indian startup news stories of the week from the Indian startup ecosystem. One of the biggest news impacting the Indian startup ecosystem was Amazon offering a breakup fee of around $1 Bn to $2 Bn to the homegrown ecommerce unicorn Flipkart, thus wedging itself in a […]
- Amid Strict FDI Rules, Cloudtail Looks To Onboard Third-Party Sellers On Amazon One of Amazon India’s largest seller entity Cloudtail, is trying to align with third-party sellers, as per reports. The move aims to build a more controlled and larger inventory for doing faster deliveries. Cloudtail is a joint venture between Amazon Asia and Infosys founder Narayana Murthy’s personal investment vehicle Catamaran Ventures. The seller has been […]
- Finland Companies Enthusiastic About India’s Smart Cities Mission: Finnish Minister Kimmo Tiilikainen Traditionally, Finland and India have enjoyed cordial international relations with each other. Today, India presents a vast and lucrative market for Finland’s technology products and investments. In a recent interview with GOInternational Finland, Finnish Minister of the Environment, Energy and Housing, Kimmo Tiilikainen reiterated the importance of Finland-India bilateral relations. Focus Areas Of Bilateral Relations […]
- SoftBank In Talks To Acquire Stake In Insurance Startup PolicyBazaar At $800 Mn Valuation SoftBank is in talks to invest in Indian online insurance aggregator PolicyBazaar at a valuation of $800 Mn. A Bloomberg report quoted people familiar with the matter saying that SoftBank is examining the possibility of taking the stake in insurance startup PolicyBazaar without crossing the limit of foreign investment in the country i.e 49%. The discussions […]
- News Roundup: 7 Indian Startup News That You Don’t Want To Miss This Week [8-13 Jan 2018] We bring you the weekly dose of important Indian startup news of the week. Ahead of the Union Budget 2017-18, the Cabinet has reportedly approved 100% FDI through the automatic route in single-brand retail. Until now, foreign direct investment of up to 49% was permitted under the automatic route. Beyond that, government permission was required. […]
- Government Permits 100% FDI In Single Brand Retail Ahead of the Union Budget 2017-18, the Cabinet has approved 100% FDI through the automatic route in single brand retail. Up until now, foreign direct investment of up to 49% was permitted under the automatic route. Beyond that, government permission was required. As per the current regulatory framework, to facilitate foreign investments, the company’s products […]
- Amazon India Reports Over 105% Revenue Growth In FY17 At a time when Flipkart’s valuation has been marked up by one of its investors Morgan Stanley, the Indian arm of global ecommerce behemoth Amazon has reported over 105% growth in revenue in FY17. As per filings with the Registrar of Companies (RoC), Amazon Seller Services posted a 41% increase in earning to $485.4 Mn […]
- Online Food Retail Dream Of Ecommerce Giant Amazon Hits Another Snag Ever since Amazon received DIPP’s nod for a $500 Mn investment in July 2017, there has been a lot of buzz about the ecommerce behemoth’s entry into the country’s online food retail market. Originally scheduled for this year’s Diwali, the rollout has reportedly been delayed as the company is striving to keep this venture separate […]
- Ecommerce Post Sale Wars: CAIT Alleges Flipkart, Amazon Of Violating FDI Rules With Heavy Discounts Just after getting through their enormous festive season sales, the ecommerce incumbents have got another reason to lose their sleep. Trader’s body CAIT (Confederation of All India Traders) has reportedly alleged that the major Indian ecommerce firms might be violating the FDI rule by providing heavy discounts and indulging into retail trade activities. As stated […]
- 9 Indian Startup News That You Don’t Want To Miss This Week [News Roundup] We bring you the weekly dose of the important Indian startup news of the week. WikiLeaks recently published a report claiming that the Central Intelligence Agency, the CIA, in its cyber spying efforts may have compromised Aadhaar data. The report alleges that the CIA is using tools devised by US-based technology provider Cross Match Technologies […]
- Updated FDI Policy Permits 100% Foreign Venture Capital Investment In Indian Startups In the newest edition of the Consolidated FDI Policy released yesterday, the DIPP has, for the first time, included a section dedicated to Indian startups. The move is part of the Indian Government’s continued push to boost venture capital investment in the fast-expanding startup ecosystem. As per the provisions of this section, startups will now […]