Era ends at Alibaba as Jack Ma steps down

Shweta Sharma

Jack Ma stepped down as chairman of Chinese retail behemoth Alibaba today, and the ecommerce conglomerate will now be run by chief ....

10 September, 2019

Unicorns BigBasket, Ola and others secure large cheques from marquee investors

Kavya Kothiyal & Om Athavale

India’s startup ecosystem saw some heavyweights being backed by marquee investors. More than a dozen startups raised ....

10 May, 2019
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BigBasket to deepen growth in existing cities with fresh $150-mn fundraise

Binu Paul

Online grocer BigBasket has confirmed that it has raised $150 million (about Rs 1,040 crore) in a fresh funding round led by South ....

6 May, 2019

Reliance buys Haptik, Airbnb backs OYO as dealmaking in April takes off with a bang

Kavya Kothiyal

Startup funding in the second quarter of the current calendar year opened on a strong note with as many as 17 companies raising ....

5 April, 2019

BigBasket raising $150 mn, valuation soars above $2 bn

Binu Paul & Vijayakumar Pitchiah

SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a ....

28 March, 2019

Chinese bicycle-sharing firm Mobike to pull out of some Asian countries

Reuters

Chinese dockless bike-sharing company Mobike said on Monday it will pull out of some Asian countries and re-evaluate its units ....

11 March, 2019
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Zomato’s valuation adviser projects profitability by 2021

Vijayakumar Pitchiah

Online restaurant discovery and food delivery company Zomato Media Pvt. Ltd can turn profitable for the year through March 2021, ....

7 February, 2019

Alibaba quarterly profit exceeds market expectations

Reuters

E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of ....

31 January, 2019

Paytm parent clocks five-fold rise in FY18 revenue, e-commerce arm’s loss balloons

Vijayakumar Pitchiah

One 97 Communications Ltd, the parent of digital payments and financial services firm Paytm, has clocked a nearly five-fold rise ....

29 October, 2018

Zomato raises $210 mn more from China's Alipay

Dearton Thomas Hector

Online restaurant discovery and food delivery company Zomato Media Pvt. Ltd is raising $210 million (Rs 1,500 crore) from Chinese ....

12 October, 2018
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Zomato FY18 loss shrinks on higher revenue, cost cuts

Vijayakumar Pitchiah

Gurugram-based Zomato Media Pvt. Ltd narrowed its net loss for 2017-18, as the restaurant listings and food delivery company controlled ....

22 September, 2018

After Alibaba, Xiaomi unveils steps aimed at CEO succession planning

Reuters

Chinese smartphone maker Xiaomi Inc said on Friday it will rejig its businesses and create new leadership positions aimed ....

14 September, 2018

Alibaba's Jack Ma to retire in 2019, CEO Zhang to take over as chairman

Reuters

Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman ....

8 September, 2018

Paytm Mall to tie up with BigBasket, other retailers to take on Flipkart, Amazon

Reuters

Paytm Mall, the e-commerce venture backed by China’s Alibaba Group, is looking to deepen ties with regional retailers as ....

30 August, 2018

Paytm parent posts wider FY18 loss despite hiving off wallet, e-commerce businesses

Dearton Thomas Hector

One97 Communications Ltd has reported a wider loss for the financial year ended March 2018 even after it carved out separate companies ....

29 August, 2018

Paytm parent One97 Communications buys fintech app Balance

Kavya Kothiyal

One97 Communications Ltd has acquired the operator of fintech application Balance, as the parent of digital payments company Paytm ....

9 August, 2018

Paytm to snap up hotel booking app NightStay Travels

Dearton Thomas Hector

SoftBank- and Alibaba-backed digital payments and e-commerce firm Paytm is all set to acquire NightStay Travels Pvt. Ltd, a Delhi ....

3 July, 2018

Zomato expands restaurant listing service to 25 more cities

Anand J

Zomato Media Pvt. Ltd, which is backed by Chinese e-commerce giant Alibaba Group, said on Wednesday it is expanding its restaurant ....

27 June, 2018

Google to invest $550 mn in Walmart-backed Chinese e-tailer JD.com

Reuters

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand ....

18 June, 2018

Alibaba-backed SenseTime, world's most valued AI startup, raises $620 mn

Reuters

Chinese facial recognition technology developer SenseTime Group Ltd said it has raised $620 million in a second round of funding ....

1 June, 2018

Naukri parent Info Edge's revenue up 15.5% in Q4; sinks into loss on write-offs

Binu Paul

Info Edge (India) Ltd, which runs Naukri.com, Jeevansathi.com and 99acres.com, posted an increase in standalone revenue for the ....

30 May, 2018