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-backed Bumble, OkCupid, QuackQ
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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 ser

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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 Walm

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Grofers, BigBasket net almost 60% of GMV sales via subscription

The study shows that while the average order value (AOV) of regular customers of these platforms stands at around $16, AOV of subscription-based paid members is higher at $25.

Grofers, which is banking on its low-priced FMCG (fast moving consumer goods) private labels to drive its second phase of growth News

Famed investor Mark Cuban hits out at Uber, says this is the reason why its IPO failed

Uber's competitor Lyft, which went public in March this year, had a poor IPO too. Mark Cuban, who invested in Lyft, believed that the company waited too long for listing.

Industry News

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 marke

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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 S

Industry News

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.

Industry News

Grofers raises $200 million from SoftBank and others; valuation of online supermarket pegged at $520 million

Online supermarket has so far raised about $441.8 m; new investor KTB also participated in the latest funding round.

Grofers raises $200 million from SoftBank and others; valuation of online supermarket pegged at $520 million News

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

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Sqqrl: Fintech startup helping individuals make money on the tiny savings

Offering goal-based investments and customised portfolios, this fintech startup helps individuals make money on the tiny savings.

Every time an individual spends money, the amount is rounded up to the next Rs 100 and the difference is invested. If she goes for a coffee and the bill is Rs 282, Rs 18 is saved. This money is then invested in liquid funds. — Samant Sikka, co-founder, Sqrrl News

2018 turns bumper year for PE with second highest investments in last decade, strong investor confidence

From the investor fundraising perspective too, 2018 was phenomenal with $714 billion being raised -- third-largest amount on record. This brought the total capital raised since 2014 to a staggering $3

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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.

Industry News

Paytm hit with Rs 10 crore cashback fraud; tens of employees sacked, hundreds of merchants removed

Sharma said his earlier opposition was when companies were not willing to comply with the Indian laws.

Industry News

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 C

Industry News

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, Swigg

Industry News

JP Morgan invests in Global PayEx to improve payments in B2B space

Freepay is Global PayEx’s cloud-based platform and has been live for more than three years. The platform is fully automated and self-servicing, JP Morgan stated.

Industry News

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

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For Uber’s first employee Ryan Graves, a tweet turned out to be worth over billion dollars

Uber's founder Travis Kalanick had tweeted the requirement of a "product manager/business development killer" on January 6, 2010, to which Ryan Graves responded back as the potential hire with his ema

Industry News

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 dev

Industry News

This startup firm delivers farm fresh and certified organic milk at your doorstep

Happy Milk serves individual buyers, stores like Nature’s Basket, Foodhall to name a few, it even takes bulk orders.

Industry News

Revised FDI e-commerce policy could cost India momentum gained from digitisation of small businesses

The new policies could potentially limit the ability of a marketplace to incentivize vendors, especially small vendors, to utilize e-commerce as a means to access new markets.

Industry News

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 platf

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