Chinese e-commerce firm Alibaba Group Holding Ltd’s (BABA.N) affiliate Ant Financial has bought a fifth of financial data provider Shanghai Suntime Information Technology for around $35 million, a source with...
Ecommerce
StoreKing gets Rs 100 cr from Malaysia’s Axiata
Axiata Group Berhad, Malaysia’s largest telecom firm and a shareholder in Idea, has made its first e-commerce investment in India in Bengaluru-based StoreKing. Axiata Group has invested $16 million (about Rs 100 crore)...
BookMyShow seeks to raise $75 million
Mumbai: Bigtree Entertainment Pvt. Ltd, which owns online entertainment ticketing platform BookMyShow.com (BMS), is in advanced talks to raise around $75 million (aroundRs.500 crore) in its largest round of fund-raising...
HT Media buys 8.2% stake in fashion e-tailer Koovs for £3 million
NEW DELHI: UK-based online fashion store Koovs said Indian newspaper publisher HT Media BSE 0.00 %invested £3 million (around Rs 29 crore) in the company for an 8.2 per cent stake. Shares under the deal were issued at...
Yahoo hires investment bank to sell about 3,000 patents: WSJ
Yahoo Inc (YHOO.O) has hired boutique investment bank Black Stone IP LLC to sell about 3,000 of the internet company’s patents, the Wall Street Journal reported, citing people familiar with the matter. The company...
Helpshift raises $23 mn from investors
Helpshift, a Pune-based firm that has raised $23 million (Rs 150 crore) in Series-B funding. The investments came from new investors Microsoft Ventures, Salesforce Ventures, and existing firms Intel Capital, Nexus...
Amazon ties up with Storeking for offline push
Bengaluru: Amazon India has increased its offline shopping initiative to more than 1,000 outlets in an attempt to increase its reach in small towns across the Indian hinterland. Amazon launched its offline shopping...
Flipkart to sell stake to Bennett, Coleman & Co
Bengaluru-based e-commerce player Flipkart is in talks to sell an undisclosed percentage of stake to Bennett, Coleman and Co Ltd (BCCL), which owns a number of media outlets including The Times of India and The Economic...
SoftBank to sell $8-bn Alibaba stake
SoftBank Group Corp’s decision to sell stock in Alibaba Group Holding Ltd is part of a broader plan that will probably include further asset sales as it seeks to strengthen its finances, according to a person...
