India’s largest e-commerce firm Flipkart Internet Pvt. Ltd has sold a small stake to media firm Bennett, Coleman, and Co. Ltd (BCCL) for cash and advertising space in the latter’s media properties, according to...
Alibaba’s Ant Financial to raise as much as $3 billion in debt: report
China’s most valuable online finance company, Ant Financial, is in early stage talks with banks to raise between $2 billion to $3 billion in debt to fund acquisitions and foreign investments, a person with direct...
Shutters down on Snapdeal’s yet another acquisition
Gurgaon-based online marketplace Snapdeal pulled the shutter down on yet another of its acquisition Shopo, the company’s customer to customer marketplace just a year and a half after acquiring it. Snapdeal had...
Voonik raises funds from Sequoia, RB Investments
Start-up Voonik Technologies Pvt. Ltd, owner of the Voonik fashion app, has raised $6 million (Rs40 crore) from Singapore-based RB Investments and existing investor Sequoia Capital, two people aware of the development...
Alibaba to lead $200 million investment into Paytm’s online marketplace
Paytm E-Commerce Pvt. Ltd is close to raising $180-200 million (around Rs1,210-1,350 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, valuing the online retailer at about $1...
Alibaba leads $2.6 billion bid for Chinese retailer Intime
China’s Alibaba Group Holding Ltd (BABA.N) is leading a $2.6 billion bid to privatize Intime Retail Group Co Ltd (1833.HK) in a move to digitize brick-and-mortar department stores while growth in online sales...
Amazon, Forever 21 vying for bankrupt American Apparel – sources
Online retailer Amazon.com Inc and teen apparel store chain Forever 21 Inc are among the companies weighing offers to acquire bankrupt American Apparel LLC, people familiar with the talks said on Wednesday. The...
Airbnb seeks to increase fundraising round to $1 billion
Airbnb authorised the sale of an additional $153 million in equity, bringing the size of its current fundraising effort to about $1 billion. The financing values the home-rental start-up at about $30 billion, people...
Snapdeal’s ex-products head Anand Chandrasekaran invests in MoEngage
Anand Chandrasekaran, the former head of products at e-commerce marketplace Snapdeal, has invested an undisclosed amount in MoEngage and has joined the user engagement start-up as an adviser, the latter said on...
Paytm founder Vijay Shekhar Sharma raises Rs 325 crore by selling 1% stake
BENGALURU: Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about Rs 325 crore. This money will be pumped into the...
Paytm to merge its wallet service with payments bank
One 97 Communications, the parent company of digital payments provider Paytm is preparing to merge its wallet service with the eponymous payments bank– the license for which is owned by its founder Vijay Shekhar...
Alibaba is not buying India’s Snapdeal: Source
China’s Alibaba Group Holding is not buying Indian e-commerce company Snapdeal and is not in talks to do so, a person familiar with the matter said on Thursday, dampening talk that an acquisition was in the works...
