Amazon continues to make losses globally; 4-fold rise in Q4 losses
Amazon is continuing with its loss making streak globally as it continues to spend aggressively in its Indian unit. The
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Alibaba to invest ~INR1,700 crore in PayTM in latest round of funding
PayTM, one of the largest online retail marketplace and a pioneer in digital payments in India, is expected to get
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ICICI to resume UPI transactions on PhonPe
With the government’s push to digital economy, a number of payment gateways have sprung up leading to customers spoilt with
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Microsoft gains after acquiring LinkedIn
Microsoft, one of the world’s largest technology firm, reported a 3.6% rise in profits to $5.2 billion in Q2, while
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Airbnb expects to turn profitable in 2017; Uber on the other hand is losing billions
Airbnb, world’s largest home and apartment-rental company, expects to turn operationally profitable (i.e. before EBITDA) in 2017. The company’s revenues
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Softbank considers buying minority stake in WeWork
Softbank, one of the prominent multinational firm of Japan, is considering to invest ~$1 billion in the co-working space startup
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India’s largest startup incubator center to be launched in Hubballi
Gururaj Deshpande, Indian-American entrepreneur, philanthropist and venture capitalist, is setting up India’s largest startup incubator center in Hubballi, Karnataka. The
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Lenskart aggressive on expansion in Tier 1, 2 cities; parallel focus on offshore channel
Lenskart, India’s largest eye care startup, is planning to aggressively expand in Tier 1 and 2 cities across the country
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Cisco buys App-Dynamics for a whopping $3.7 billion
Cisco, one of the largest technology firms in the world, bought a Silicon Valley startup App-Dynamics for an apparent sum
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Fidelity slashes Flipkart’s valuation to $5.5 billion
Flipkart, India’s largest online marketplace, has seen further dip in its valuation to $5.5 billion. Fidelity mutual fund has valued
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