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Post raising $1.4B, Flipkart acquires eBay India

Indan online marketplace, Flipkart, has raised $1.4 billion from Tencent, eBay and Microsoft at a post-transaction valuation of $11.6 billion, being called its largest...

With $1.6M funding, Twenty Two Motors to launch ‘smart scooter’

Twenty Two Motors, a Gurgaon-based automobile startup has raised $1.6 million in a pre-series A round funding led by Ishwar Singh, CEO, Haryana Industries....

Grab buys payment platform Kudo from its $700M kitty for Indonesia

Southeast Asian ride-hailing and mobile payments platform, Grab, has announced to acquire Indonesian O2O (online to offline) ecommerce platform, Kudo. According to the company,...

Ola raising $100M from RNT Capital, Falcon Edge Capital: Report

Uber rival and India's home grown cab hailing service, Ola, is raising $100 million (INR 6.5 billion) from RNT Capital Advisers (RNT) and Falcon...

Petition to announce bitcoin legal in India garners 7K signatures

Industry body formed by India-based cryptocurrency startups, Digital Asset and Blockchain Foundation of India (DABFI), has come up with a Petition on Change.org, urging...

Apple to train 500 developers every week at its new App Accelerator in Bangalore

Apple today opened up a new App Accelerator in India's IT capital -- Bangalore.The program is free. To register, one must be a developer...

Food for delivery startups is what books were for Amazon: Zirra report

The top 10 food delivery startups around the globe together are valued at $18.1 billion according to a Zirra report. Zirra, a startup itself...

Vietnamese startups see 46% rise in investment, fintech leads: Report

The Vitamese fintech startup sector raised $129 million in 2016, greater than the combined value of all other sectors, states an annual report by...