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Mail Today Bureau
New Delhi, October 12, 2017
The money comes as a booster shot for the homegrown startup to keep up its intense competition with American rival Uber as both firms are burning millions of dollars every day in incentives and discounts for India's USD 12 billion taxi market.
BT Online
October 12, 2017
Taxi service Meru Cabs has filed four new complaints with the country's antitrust watchdog Competition Commission of India (CCI) against taxi aggregators Ola and Uber for allegedly abusing market dominance in four cities.
Mail Today Bureau
August 11, 2017
Flipkart has raised an estimated USD 2.5 billion (Rs from 16,000 crore) from Japan's SoftBank group in what is seen as the biggestever private investment in an Indian technology company.
PTI
New Delhi, July 24, 2017
The investment comes at a time when the homegrown firm is locked in an intense battle with US-based Uber for leadership in the Indian market.
PTI
New Delhi, July 6, 2017
Global e-tailing giant Amazon has invested over Rs 2,000 crore (over USD 310 million) in India in the last two months as it looks to consolidate its position in the country and fend off local rivals like Flipkart.
Reuters
Mumbai, May 8, 2017
After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups.
BT Online
April 25, 2017
Flipkart had organised a competition for its employees across the country to become the CEO of the company for a day as part of its celebrations to mark its 10th anniversary.
BT Online
April 19, 2017
The proposed acquisition, touted to be the biggest in India's online retail space, is likely to be finalised over the coming weeks, a media report said.
BT Online
April 10, 2017
The three investors add to an existing group that includes Tiger Global Management, Naspers Group, Accel Partners and DST Global. The funding, at a post-transaction valuation of $11.6 billion, is the largest in Flipkart's ten-year history as well as in the Indian internet sector.
Reuters
April 10, 2017
The founders of India's Snapdeal told employees in an email on Sunday that the e-commerce company will ensure there is no disruption to staff "as the way forward becomes clear," as speculation of a takeover swirls.
PTI
April 5, 2017
While the company did not disclose the details of the meeting, sources said the board today met to discuss the proposal for sale of the company, among other issues.
BT Online
March 28, 2017
Flipkart's largest investor New York-based Tiger Global may sell shares worth $1 billion along with an infusion of fresh equity by SoftBank according to the broad contours of the deal.
BT Online
New Delhi, March 24, 2017
Since its launch in 2004, US firm ebay has been underperforming in India and has been unable to take on its competition.
BT Online
New Delhi, March 20, 2017
Indian e-commerce company Flipkart has reportedly completed raising funds to the value of $1 billion and hopes to raise another $1 billion in the months ahead, giving it the boost to put up a fight with rival players in the sector.
BT Online
New Delhi, March 16, 2017
Flipkart now values at $11 billion. The Indian e-commerce company, which is fighting a pitched battle with Amazon saw its sky-high valuations being marked down several times last year.
PTI
New Delhi, March 14, 2017
ShopClues co-founder Sandeep Aggarwal today said he has filed a criminal defamation case against other co-founders -- Sanjay Sethi and estranged wife, Radhika -- in Delhi courts earlier this month alleging them of downplaying his role in creation of the online marketplace.
BT Online
March 8, 2017
The Indian e-commerce company, which is fighting a pitched battle with Amazon saw its sky-high valuations being marked down several times last year.
BT Online
March 8, 2017
Sachin Bansal and Binny Bansal are amongst the 31 Indian billionaires who are out of the Hurun Global Rich-Indian billionaires list.
by Rajeev Dubey
Delhi, Edition:March 26, 2017

They were all part of the fabled $1 billion plus valuation club. Now they have run into trouble.

Prosenjit Datta
New Delhi, January 13, 2017
In good times, the interests of the founders and the investors are perfectly aligned. When the environment becomes tougher though, the interests diverge subtly. In India, this process started last year in the current entrepreneurial round. Investors started taking a more active role in many companies they had put money in. And this trend is only likely to accelerate in 2017.
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