Tata Motors, India’s biggest commercial vehicle manufacturer, is keen to enter the load aggregator space after the sector saw its first corporate action a year ago with the entry of Mahindra & Mahindra, the...
Cash crunch leads to M&A in e-retail
At a time when start-ups are finding it difficult to secure more funding to run their business, consolidation is increasingly taking place in the online retail space. This year alone, there have been 15 mergers and...
Knowlarity raises $20 million from Dubai’s Delta, others
Cloud telephony provider Knowlarity Communications Pvt. Ltd said it has raised $20 million in a series C round of funding led by Dubai-based private equity investor Delta Partners, a new investor, with participation...
Snapchat files for one of the biggest tech IPOs in years: sources
Snapchat has filed for an initial public offering, sources familiar with the situation said on Tuesday, which puts the messaging app a step closer to the biggest U.S. stock market debut since 2014. The Venice...
SoftBank and its uneasy ties with India’s start-ups
Those listening in on SoftBank Group Corp.’s second-quarter earnings briefing on Monday would have picked up an interesting anecdote in the question and answer session with founder and CEO Masayoshi Son. Back when Uber...
Warburg Pincus in talks to buy stake in Capital Float
Global private firm Warburg Pincus LLC is in advanced talks to lead the next round of funding in online credit platform Capital Float, run by Zen Lefin Pvt. Ltd, according to a three people aware of the ongoing...
Amazon said to weigh bid for stake in Dubai’s souq.com
London: Amazon.com Inc. is weighing a bid for a stake in Dubai-based online retailer souq.com FZ as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake...
Ola said to be in talks to raise $600 million
Bengaluru: India’s largest ride-hailing start-up, Ola, is in talks to raise about $600 million and may close the deal by year-end, as it seeks to counter an increasingly aggressive Uber Technologies Inc. in the coveted...
With the acquisition of Appirio, Wipro expects to stay ahead of the game
MUMBAI: Wipro’s $500 million of cloud services company Appirio was not just to gain access to its cloud integration business, it was also part of a bet that the IT industry would be disrupted the way cab-hailing company...
SoftBank tech fund to invest up to $100 billion with Saudi Arabia
San Francisco/Tokyo: SoftBank Group Corp. said it will form a new fund to invest as much as $100 billion in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to...
Ride-sharing company Juno in its biggest fundraising round yet: source
Juno Inc, a startup looking to attract drivers from bigger ride-sharing rivals such as Uber Technologies Inc by offering them its own stock, is seeking $50 million in its biggest fundraising round to date, according to...
French insurer AXA’s CEO has no plans for big mergers: report
French insurer AXA (AXAF.PA) has no plans to merge with large rivals, its chief executive told a German newspaper, responding to recent speculation about a possible takeover of Italian peer Generali (GASI.MI)...