Sandeep Soni

5 ways how Reliance threatens to dethrone Amazon, Walmart’s Flipkart in $27 billion e-retail market

Mukesh Ambani's e-commerce venture, taking on Amazon and Flipkart, is arguably the most eagerly awaited developments in the recent history of India's burgeoning online retail market that has already seen Aditya Birla Group, G

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Online vendors move against Flipkart; NCLAT to hear plea against CCI ruling favouring Walmart firm

AIOVA has been alledging Flipkart's abuse of its dominant position in the e-commerce market favouring select sellers. The hearing in the matter is scheduled for July 30. Against Amazon, the association "will fight separately.

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Former Infosys’ chief Vishal Sikka raises $50 million for his AI startup Vian Systems

Infosys' former chief executive Vishal Sikka has raised $50 million for its California-based artificial intelligence startup Vian Systems, according to regulatory filings with the US Securities and Exchange Commission.

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Looking for funding? VC fund Endiya Partners to back 16 startups from ‘largest B2B seed fund’; raises first close

Early-stage venture capital (VC) fund Endiya Partners said that it will be making investments in 15-16 startups in the technology, healthcare and select bets in consumer segment from its Fund 2.

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Toyota-backed Droom says it is now largest auto dealer community globally; has these many dealers online

Online automobile marketplace Droom has said that it has crossed 300k-dealer mark on its platform to become the largest auto dealer community globally. Droom's dealers are now present in 830 cities in India.

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Abolish angel tax for SMEs, capital for women, deeptech entrepreneurs; here’s what startups expect from new government

As 2019 Lok Sabha election results draw near, hopes are running high among startups of an accelerated change to be ushered in by the new government.

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No love at first sight, VCs still flirting with dating startups

Since 2012, only 12 investments have happened in Indian dating startups with the biggest round worth $5.90 million in 2015 in MakeMyTrip co-founder Sachin Bhatia's Truly Madly. It competes with Tinder, Happn, Priyanka Chopra-

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RBI to boost card payments with 34% increase in PoS terminals by end of 2021

The RBI is expecting to have 50 lakh (5 million) point of sale (PoS) terminals by end of 2021 from existing 37.22 lakh (till March 2019), as per its monthly ATM and card statistics.

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Amazon turning into super app: Re-enters travel space with flight bookings in India, partners with Cleartrip

Amazon has started offering flight tickets booking on its platform loaded with cashbacks for both -- Prime and non-Prime customers. It has partnered with online travel aggregator Cleartrip for the service that would be offere

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Walmart CEO “continue to be excited” about Flipkart even as latter erodes profits

Walmart International's operating income came down by 41.7 per cent in Q1 FY20 largely due to "dilution from Flipkart, which was expected, partially offset by the deconsolidation of Brazil," said Walmart's EVP & CFO Brett Big

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This venture capital fund will help your startup expand to Singapore, raise funds and much more

This Indian fund, which helps pre-series A startups scale to series A and B stage in 12-24 months, has tied up with the Singapore government to allow 15 startups globally get access to the Asian market through a six-month, ze

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OYO launches slimmed-down ‘Lite’ app globally for snail-paced India internet connectivity

As per broadband speed test service provider Ookla's last year speed index, India's internet speed was ranked 109th for mobile and 67th for fixed broadband. Earlier this week music streaming service Spotify too launched its l

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Ratan Tata backed home services startup UrbanClap’s revenue up 150% with marginal increase in losses

UrbanClap claimed its operating losses "largely flat" at Rs 72 crore for FY19 from Rs 57 crore in FY18. UrbanClap competes with Amazon-backed Housejoy in the home services market.

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After Paytm, Ola rolls out credit card bundled with cashbacks and rewards to tap digital payments market

Strengthening foothold in India's burgeoning digital payments market, after Paytm, which announced its Paytm First credit card on Tuesday, ride-hailing company Ola today launch its own credit card in partnership with the publ

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Walmart takes the fight to Amazon in shipping wars with next-day delivery

Walmart isn't losing to Amazon in online retail, not even close. And its latest salvo in shipping wars is further keeping it in the game against Amazon.

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Now Paytm credit card: contactless payments, no hidden charges, and other cool features

After Ola, which is launching its credit card, Paytm has now jumped into the fray with its credit card -- Paytm First -- to capture the underpenetrated credit market in India. Paytm has tied up with Citi Bank for the service.

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Looking for venture debt? Singapore government backed InnoVen Capital raises $200 million to back startups

Asia-focused venture debt firm InnoVen Capital has raised $200 million in capital commitment from its existing investors Temasek and United Overseas Bank. The firm had backed OYO, Myntra, Yatra, Swiggy, Byju’s, Quikr, Daily

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Tiger Global continues its hunt for enterprise technology startups; backs Locus in $22 million funding round

Tiger Global has been backing mostly B2B businesses in its new avatar, particularly in the enterprise or cloud space such as CheckMate, Facilio, Fyle, Innovapptive, Clevertap etc.

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Ola credit card: Uber rival is marrying digital payment with mobility in India

Leveraging the underserved credit-led payments scenario in India serves Ola's intent to offer a wide array of services to its large base of 150 million consumers who use its cabs for their commuting needs, right from bikes t

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Now OYO helps hotels save water; equips rainwater harvesting system as part of CSR programme launch

OYO launches its CSR programme OYO REACH to help its partner hotels with technical and financial assistance for different projects and activities they seek to undertake, for instance, around skill development, sustainable tou

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Alibaba to take on Amazon as it eyes global expansion to offset Chinese slump

Alibaba is tweaking the business model of its e-commerce business AliExpress to enable small and medium-sized sellers initially from Russia, Turkey, Italy, and Japan to sell globally through its platform.

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Byju’s rival Toppr eyes 20 million users by 2020; claims highest engagement rate among e-learning apps

Toppr was launched in 2013, around two years after Think & Learn (Byju's parent company) was set up. Byju's app was launched in 2015. However, Toppr has somewhat missed the bus if seen from the valuation and fundraising persp

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Snapdeal 2.0 wooing customers in smaller cities for next wave of growth

Snapdeal, once a close competitor to Flipkart and Amazon in the battle for e-commerce supremacy, has been growing steadily in its new avatar of Snapdeal 2.0 focusing on its core e-commerce business that it is now eyeing to st

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Byju’s and Flipkart backer Sofina invests $25 million in health supplement store HealthKart

Gururgram-based HealthKart had spun off its online pharmacy network and generic medicine engine HealthKart Plus in 2015 and had rebranded it to 1mg.

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Zomato, Paytm among most downloaded apps, says App Annie report

India's biggest unicorn -- Paytm valued reportedly at around $10 billion was ranked at number 10 while WhatsApp, Facebook, SHAREit, Facebook Messenger, Truecaller grabbed the top five spots in terms of monthly active users a

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Startup lobby IndiaTech suggests founders’ control of business for two decades post IPO irrespective of stake

IndiaTech has proposed SEBI to enhance the sunset clause from 5 years, post IPO, to 15 years along with an extension of 5 years, if required. This would allow startup founders to retain control of their businesses for a longe

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Dawn of B2B startups: 3,200 new ventures emerged till 2018, tripled in 5 years against market misconception

From just 900 business-to-business (B2B) technology startups India had in 2014, the number has swelled over 3X to 3,200 B2B tech startups in 2018 witnessing 30 per cent compound annual growth between 2014-18.

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