TechThisWeek: Ecommerce festival sales; Tencent and Udaan; Zomato, Quikr
The Big Billion Day and Great Indian Festival seem to be ringing all the right notes for ecommerce giants Flipkart and Amazon this festive season. Both players have crossed over $1.8 billion in gross merchandise value (GMV) within days of sale season.
In other top news this week, B2B ecommerce platform Udaan got on the fast-track to becoming a unicorn when it raised $585 million in a growth funding round from Tencent Holdings, Altimeter Capital, Footpath Ventures, Hillhouse Capital, GGV Capital and Citi Ventures.
This week Tencent also joined Sequoia Capital India in a $25 million Series A funding round in Khatabook.
TechCircle also caught up with Prasun Mandal, head of technology and analytics at Quikr, on how the company was able to move to different verticals through the use of application programming interfaces (API) and microservices.
Join our reporters as they bring you up to speed with all these developments in the latest episode of our podcast TechThisWeek #TTW.
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