Jay

snapdeal

Foxconn writes down 80% investment of $200 million in Snapdeal

While Snapdeal is getting ready to pivot to a new model after its merger with Flipkart fell through, its investor FIH Mobile, a subsidiary of Taiwanese electronics major Foxconn, has written down 80 per cent of its $200 million investment...
SingX website homepage

Singapore-based fintech startup SingX raises $4.5 million to enter new markets

SingX, a Singapore-based online remittance startup has raised $4.5 million in a pre-Series A round, led by senior bankers and high net worth individuals from Singapore and Hong Kong. The newly raised funding will be used...
snapdeal

Snapdeal employees cry foul over reports about mass lay-off

The Indian eCommerce segment is currently witnessing a lots of happenings. Earlier, Snapdeal backed off from the acquisition talks with Flipkart after spending months chasing the deal. That was followed by a massive $2.5 billion...
Hike Messenger

Hike acquires Bangalore-based hardware startup Creo

Hike Messenger, a cross-platform instant messaging service, has announced the acquisition of Bengaluru-based startup Creo, a startup that makes hardware products. The startup was founded by Sai Srinivas Kiran G and Shubham Malhotra in December...
flipkart

Flipkart secures record $2.5 billion funding from SoftBank Vision Fund

Flipkart, the homegrown e-commerce marketplace, has today raised a massive $2.5 billion funding from SoftBank Vision Fund. The investment is a mix of primary and secondary capital. This is the largest funding round ever...
flipkart

Flipkart and ShopClues to sell refurbished smartphones

Following the footsteps of Amazon India, Flipkart is also said to start selling refurbished smartphones soon. As per the reports, Flipkart is looking to start selling unboxed devices as soon as by Diwali this...

Sheroes acquires Women Restart, a career restart platform for women

Sheroes, India’s one of the largest platform and a nurturing ecosystem for ambitious and aspirational women, has acquired a Bangalore-based online career restart platform -- Women Restart, for an undisclosed amount. As a part of...

Infosys acquires London-based design firm Brilliant Basics for $9.8 million

Infosys, a global leader in consulting, technology and next-generation services, has today announced a definitive agreement to acquire Brilliant Basics. The deal amount is estimated at around $9.8 million. Brilliant Basics is a London-based product design...
LimeTray

LimeTray secures undisclosed amount from JSW Ventures to expand its business

LimeTray, a Delhi-based SaaS platform which provides management tools for restaurants, has today raised an undisclosed amount of funding in a new round from JSW Ventures. The newly raised funding will be used by the...
Lendingkart

Lendingkart bags $10 million debt funding to expand its business

Lendingkart has today announced that it has raised $10 million debt fund in its new round from Kotak Mahindra Bank, Aditya Birla Financial Services and other financial institutions. This new infusion of cash will allow...
snapdeal

Snapdeal walks away from Flipkart’s acquisition offer, will continue to run independently

The struggling eCommerce startup Snapdeal, which was recently in talks for an acquisition with Flipkart, has now official walked-off from the deal. The company has said that it will now continue to work as...
Aye Finance

Aye Finance raises Rs 10 crore by selling its SME portfolio to M&M Financial...

Fin-tech startup Aye Finance, which provides loans to small and medium enterprises, has raised Rs 10 crore funds by selling part of its portfolio, under a securitisation deal, to Mahindra & Mahindra Financial Services. Through this...