Swiggy in talks to raise $500mn from Korean investors, Naspers: Report

Vijayakumar Pitchiah

As competition in India’s food-tech sector intensifies, Swiggy, the food delivery platform owned by Bengaluru-based Bundl ....

15 July, 2019

PayU India sees another top exit; Xiaomi’s Shunwei Capital may invest in Yulu: Reports

Binu Paul

Online payment company PayU’s India founder and managing director Shailaz Nag has resigned from the firm, The Economic Times ....

11 July, 2019
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PayU buys majority stake in Red Dot Payments for SE Asia expansion

Vijayakumar Pitchiah

Naspers-owned online payments major PayU has acquired a majority stake in Singapore-based payment solutions firm Red Dot Payments. The ....

5 July, 2019

Citrus Pay co-founder Jitendra Gupta steps down as PayU India MD

Vijayakumar Pitchiah

Jitendra Gupta has stepped down as the managing director (MD) of India operations at online payment company PayU, a subsidiary ....

1 July, 2019

Facebook-backed Meesho may raise up to $130 mn from Naspers: Report

Binu Paul

Social commerce platform Meesho is in talks with South African tech conglomerate Naspers to raise $120-130 million (about Rs 827-896 ....

28 June, 2019

Binny Bansal sells more Flipkart shares to Walmart; Naspers may not invest in Capital Float

Kavya Kothiyal

Co-founder Binny Bansal has sold more shares in online retailer Flipkart to US retail giant Walmart, which last year bought a ....

24 June, 2019
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OYO strikes strategic partnership with Ctrip in China

Binu Paul

Gurugram-headquartered hospitality unicorn OYO has inked a strategic partnership with China’s largest online travel services ....

27 May, 2019

MakeMyTrip revenue for March quarter climbs 23%, loss shrinks

Vijayakumar Pitchiah

MakeMyTrip Ltd, the country's largest online travel services provider, reported higher revenue and narrower loss for the fourth ....

17 May, 2019

Breaking: Hyundai, Kia Motors lead $351 mn round in Ola at $6.2 bn valuation

Vijayakumar Pitchiah

Bengaluru based ANI Technologies Pvt Ltd, which operates ride hailing service Ola, has raised $351.50 million (Rs 2469.80 crore ....

10 May, 2019

Ed-tech marketplace Udemy hires Expedia’s Venu Venugopal as CTO

Om Athavale

Online learning marketplace Udemy Inc. has appointed Venu Venugopal, a former executive at travel company Expedia, as its chief ....

8 May, 2019
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As Ctrip tightens its grip on MakeMyTrip, what lies ahead for the travel giants?

Binu Paul

China’s largest online travel company is on course to become a formidable force in the Indian market -- albeit from behind ....

3 May, 2019

Ola board okays proposal to issue fresh shares worth $355 mn for fundraising

Vijayakumar Pitchiah

Ola’s board has allowed the homegrown cab-hailing firm to issue new shares worth $355 million (Rs 2,469.80 crore at current ....

2 May, 2019

MakeMyTrip acquires majority stake in corporate travel management firm Quest2Travel

Vijayakumar Pitchiah

Online travel services provider MakeMyTrip Ltd (MMT) has acquired a majority stake in Mumbai-based corporate travel management ....

30 April, 2019

China's Ctrip to become MakeMyTrip’s largest shareholder as Naspers exits

Payal Ganguly

Chinese travel services company Ctrip.com International will become the largest shareholder in MakeMyTrip by buying South African ....

26 April, 2019

Naspers leads fresh investment in shared mobility platform Quick Ride

Vijayakumar Pitchiah

Bengaluru-based Quick Ride, which operates a mobile app for car and bike pooling services, has raised $14.3 million (Rs 100.78 ....

25 April, 2019

Udemy appoints top OLX executive as India managing director

Payal Ganguly

Online learning marketplace Udemy has appointed the former chief operating officer at classifieds portal OLX, Irwin Anand, as ....

23 April, 2019

Dream11 joins unicorn bandwagon amid dealmaking flurry in fintech this week

Kavya Kothiyal

Startups in the financial technology segment were the flavour of the week even as Dream11 hogged the limelight for becoming the ....

12 April, 2019

Naspers-backed PayU buys digital payments firm Wibmo for $70 mn

Kavya Kothiyal

Naspers-owned PayU on Friday said it has acquired California-headquartered Wibmo Inc, which also operates in the digital payments ....

12 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

Exclusive: Swiggy piloting bulk-order service as diversification drive continues

Binu Paul

Weeks after entering the hyperlocal delivery space, food-tech unicorn Swiggy is pressing on with its rapid diversification by ....

14 March, 2019