Two-thirds of $150 mn fund for mobile-first consumer startups in India: Benny Chen, BAce Capital

Payal Ganguly

BAce Capital, a venture capital firm backed by Alibaba affiliate Ant Financial, aims to deploy about 60% of its maiden fund in ....

9 December, 2019

Paytm parent One97 Communications widens FY19 losses as expenses shoot up

Shweta Sharma

Noida-based One97 Communications, the parent company of digital payments platform Paytm, widened its losses more than two-fold ....

2 December, 2019
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Deal Talk: Jack Ma's Ant Financial plans a $1 billion fund; Vogo, Spinny line up for fresh capital

Shweta Sharma

Alibaba Group affiliate Ant Financial is lining up a $1 billion fund that will back startups in Southeast Asia and India, Bloomberg ....

27 November, 2019

T Rowe Price joins SoftBank, Ant Financial in Paytm funding round

Payal Ganguly

Paytm, the digital payments platform owned by One97 Communications, raised a fresh round of capital from existing and new investors, ....

25 November, 2019

Deal Talk: Accel wants to raise new fund; Zomato may raise $600 mn

Shweta Sharma

TechCircle brings you a round-up of technology investment and M&A deals reported from across newsrooms. Accel US-based ....

4 October, 2019

Alibaba gets 33% stake in Ant Financial ahead of IPO

Payal Ganguly

Chinese retail and internet conglomerate Alibaba Group Holding has received approval from the country’s regulators for a ....

25 September, 2019
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Food delivery biz helps Zomato triple revenue in FY19 as expenses surge

Vijayakumar Pitchiah

Food-technology unicorn Zomato tripled its total revenue for the just-concluded financial year even as its expenditure grew ....

5 April, 2019

Zomato may acquire task management app Dunzo: Report

Vijayakumar Pitchiah

Online restaurant discovery and food delivery platform Zomato is in advanced stages of discussions to acquire task management ....

28 March, 2019

Paytm likely to get $1.5-2 bn in fresh capital; PharmEasy may merge with Ascent

Binu Paul

One97 Communications Ltd, the parent company of digital payments firm Paytm, is raising $1.5-2 billion from its existing investors ....

28 March, 2019

Zomato eyes $25 million in revenues from subscription programme

Payal Ganguly

Online restaurant discovery platform Zomato anticipates that its subscription programme, Zomato Gold, will fetch revenues of $20-25 ....

21 February, 2019
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Startups bullish about fundraising but hiring still a pain point: TechCircle survey

Kavya Kothiyal

A record year for fundraising in the Indian startup ecosystem has made entrepreneurs bullish about their prospects of raising ....

19 February, 2019

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

Zomato raises $40 mn as food-tech unicorn gets new investor

Vijayakumar Pitchiah

Zomato has brought a new investor on board as the food-tech unicorn builds a war chest to take on fast-growing rival Swiggy. Zomato ....

6 February, 2019

Zomato in advanced talks to sell UAE biz to Delivery Hero: Report

Binu Paul

Food-tech unicorn Zomato is in advanced stages of discussions to sell its UAE business to Germany-headquartered online food delivery ....

31 January, 2019

Zomato courts new investors as SoftBank switches focus to Swiggy

Kavya Kothiyal & Payal Ganguly

Food-tech unicorn Zomato is courting new investors in a bid to raise up to $1 billion in fresh funding even as Japanese investment ....

2 January, 2019

Zomato introduces self-pickup service to rein in costs

Payal Ganguly

Restaurant reservation and food ordering platform Zomato has introduced a self-pickup service in 13 cities, a move that seems ....

10 October, 2018

Alipay gains voting-rights edge at Zomato

Payal Ganguly

The payments affiliate of Chinese e-commerce titan Alibaba Group Holding Ltd has tightened its grip on Zomato Media Pvt. Ltd after ....

11 September, 2018

China's Ctrip may invest $100 mn in Zomato

Kavya Kothiyal

Chinese travel services firm Ctrip may invest $100 million (Rs 724 crore at current exchange rates) in online restaurant discovery ....

10 September, 2018

How Zomato backer Ant Financial became the world's first 'super unicorn'

Reuters

Ant Financial's rapid climb to become the world's biggest super unicorn valued by some investors at around $150 billion ....

18 April, 2018

Alibaba’s payment affiliate likely to raise funds at $100 bn valuation

Reuters

China’s Ant Financial Services Group is planning to raise up to $5 billion in fresh equity that could value the online payments ....

9 February, 2018

Alibaba buys stake in payment affiliate Ant Financial as revenue beats forecast

Reuters

Alibaba Group Holding Ltd, China’s biggest e-commerce company, said on Thursday third-quarter revenue rose 56 percent, beating ....

2 February, 2018