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Flipkart leads $60M investment in logistics startup Shadowfax

Flipkart leads M investment in logistics startup Shadowfax Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the four-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal […]

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Inside Prosus Ventures’ $4.5 billion bet on India

Inside Prosus Ventures’ .5 billion bet on India Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takeaway. The giant Naspers spinoff said it was willing to pay […]

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Walmart’s Flipkart confirms it is entering the food retail business in India

Walmart’s Flipkart confirms it is entering the food retail business in India India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last […]

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Google-backed Dunzo raises $45M to expand its hyperlocal delivery startup in India

Google-backed Dunzo raises M to expand its hyperlocal delivery startup in India An Indian startup that is increasingly posing a threat to established food and grocery delivery businesses and e-commerce giants just closed a new financing round to expand its business in the nation. Bangalore-based Dunzo said today it has raised $45 […]

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Naspers CEO Bob van Dijk on SoftBank comparisons: ‘They’re broad, we’re focused; we invest in what we know’

Naspers CEO Bob van Dijk on SoftBank comparisons: ‘They’re broad, we’re focused; we invest in what we know’ Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank. For one thing, […]

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Google is bringing data saver feature to Android TVs

Google is bringing data saver feature to Android TVs Google said on Tuesday it is bringing a set of new features to Android TVs to improve the experience of users who rely on mobile hotspots to connect their giant devices to the internet. The features, developed by Google’s Next Billion Users team, […]

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Paytm’s annual loss doubles to $549M

Paytm’s annual loss doubles to 9M Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over 1490 crore ($206 million) in the […]

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What top enterprise VCs are thinking, using data effectively, ethics, Light, and Flipkart

What top enterprise VCs are thinking, using data effectively, ethics, Light, and Flipkart Top VCs on the changing landscape for enterprise startups TechCrunch had our debut confab for enterprise types this week at Yerba Buena Center in SF, where we heard from Aaron Levie, CEO of Box, Apple VP Susan Prescott of […]

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Why Walmart’s Flipkart is betting heavily on Hindi

Why Walmart’s Flipkart is betting heavily on Hindi Flipkart, the largest e-commerce platform in India, said Tuesday it has concluded the roll-out of a range of features to its shopping app in what is its biggest update in recent years. Chief among these new features is access to Flipkart in Hindi language. […]

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India’s Flipkart bets on free video streaming service and Hindi support to win next 200 million internet users

India’s Flipkart bets on free video streaming service and Hindi support to win next 200 million internet users India’s e-commerce giant Flipkart said on Tuesday that it is revamping its shopping app to add support for Hindi language, a video streaming service, and an audio-visual assistant, the latest in a series of […]

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