28 Apr 2020

1. Flipkart invests $90 million more in marketplace, PhonePe platform Flipkart has pumped a combined $90 million into its marketplace entity and digital payments platform PhonePe, according to regulatory filings made in Singapore. This takes the total fund infusion in PhonePe to $928 million till date, and Flipkart marketplace…

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21 Jan 2020

1. Zomato Acquires Uber Eats Food Delivery Business In India As speculated for months now, Zomato has finally acquired Uber Eats’ food delivery business in India for $350 Mn, the Indian food delivery giant has announced. Uber Eats’ will continue to remain a separate brand. However, customers will be…

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24 Dec 2019

1. Tata Group Looks To Acquire 49% Stake In Walmart’s Indian B2B Biz Indian multinational conglomerate, Tata Group, is reportedly in talks to acquire a 49% stake of the US-based retailer Walmart’s Indian wholesale cash-and-carry operations. According to ET, Judith McKenna, president and CEO of Walmart International, was expected…

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12 Dec 2019

1. Startup India Fund Of Funds: Govt To Deploy INR 10K Cr By 2025 With the increasing number of startups in the country, the government has planned to disburse the Startup India Fund of Funds much before 2024-25, according to a senior government official. Deepak Bagla, managing director and…

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18 Nov 2019

1. Army photogrammetry technique makes 3D aerial maps in minutes Aerial imagery is a common asset in military matters, but 3D maps can be difficult to collect on short notice without specialized equipment. This new photogrammetry technique from the Army Corps of Engineers, however, can make accurate 3D maps…

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15 Nov 2019

1. India second in seeking user information from Facebook Facebook said, based on the circumstances, it may voluntarily disclose information to law enforcement agencies if it has a good reason to believe that the matter involves imminent risk of serious physical injury or death. During the January-June period, Facebook…

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01 Nov 2019

1. Paytm Mall’s loses contract 35% in FY19, revenue up 25% While Paytm’s e-commerce unit was able to show a marked reduction in losses in FY19 while still growing revenue, the Softbank-backed company lags larger industry rivals- Flipkart and Amazon in terms of earnings. While e-commerce in the country…

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22 Oct 2019

1. Walmart CEO writes to PM, seeks a stable business environment The letter comes in wake of Flipkart and rival Amazon facing probes over alleged roles in predatory pricing. McMillon had met PM Modi in New York on September 25 during the PM’s visit to the US. Source: ET 2….

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14 Oct 2019

1. Google’s upcoming Pixelbook Go laptop Yet more details are emerging about the hardware Google LLC will unveil at its New York product event next Tuesday. The company is expected to debut the Pixel 4 and, with it, a successor to the 2017 Pixelbook laptop, the specifications of which…

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12 Oct 2019

1. Ad-tech startup OneOneDay raises $1.3 million in pre-series A round The company lets users watch ads that they like and pays them for it, with a portion of the earnings also going to a social cause of the user’s choice. OneOneDay said it would use the funding to…

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