Amazon.com Inc. is in preliminary talks to buy the online grocery site BigBasket, as the American e-commerce firm steps up efforts to gain ground in the fast-growing market, according to people familiar with the matter...
Kinnevik sells remaining stake in Rocket Internet for €200 million
Swedish investor Kinnevik has sold its remaining stake in German e-commerce company Rocket Internet for more than €200 million, capitalizing on a recent rally in the stock fuelled by plans to list two of its start-ups...
Alibaba said to lead $1 billion funding in Chinese start-up Ele.me
Alibaba Group Holding Ltd and its financial services affiliate plan to lead an investment round of at least $1 billion in Ele.me, one of the largest players in a crowded Chinese food-delivery service arena, people...
Term-sheet for Flipkart’s Snapdeal acquisition signed
The process of selling marketplace e-commerce company Snapdeal to Flipkart has started. According to sources close to the deal, three months after SoftBank, the e-commerce player’s largest investor, floated the idea...
Flipkart deal for Snapdeal said to need Azim Premji, Ratan Tata nod
Flipkart Online Services Pvt. Ltd is nearing a final agreement to acquire rival e-commerce provider Snapdeal after winning support from the start-up’s three primary venture investors, but the contract still needs...
Nexus gives in, Snapdeal ready to merge with Flipkart
Three months, more than 15 meetings, and a payout of at least $210 million later, it’s a clear road now for Japanese telecom and internet giant SoftBank to merge its biggest Indian asset Snapdeal with leading e-commerce...
Valuation problems? SoftBank logs $1.4-billion loss in Snapdeal, Ola
Japanese telecom and internet giant SoftBank has written off nearly $1 billion in the value of Snapdeal (its best asset in India till recently), as it pushes to offload the Kunal Bahl-led company onto larger rival...
Snapdeal sale to Flipkart: SoftBank said to be closer to bringing Nexus on board
Japan’s SoftBank Group Corp. is believed to have moved a step closer to securing the consent of investor Nexus Venture Partners for Snapdeal sale to Flipkart, the largest e-commerce firm in India. A meeting of...
$1.1 billion-worth ShopClues raises Rs50 crore in venture debt from InnoVen Capital
Online marketplace ShopClues has raised Rs50 crore in venture debt from InnoVen Capital, in a rare instance of a home-grown unicorn opting for venture debt. The fresh capital infusion comes over 15 months after...
BlackRock said poised to fund Mobikwik valuing it at $1 billion
One Mobikwik Systems Pvt. Ltd, an Indian digital payments service provider, is set to raise funds from investors including BlackRock Inc. valuing the company at about $1 billion, a person with direct knowledge of the...
SoftBank may finalize Snapdeal sale to Flipkart next week, in realignment of India strategy
After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan’s SoftBank Group Corp. is upping the stakes, looking to play consolidator and take a more active role...
MobiKwik-Freecharge deal to herald new era for wallets
If last year was marked by shutdowns, losses, and layoffs in the e-commerce sector, this could well be the year when others too were caught in the slowdown. After online marketplaces, it now seems to be the turn of...
