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SoftBank changes track in India as bets on Snapdeal, Grofers, Housing go sour

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SoftBank is selling its also-ran portfolio companies to bigger rivals.

India: Ninjacart secures $5.6m from Nandan Nilekani’s trust, others

Ninjacart, a marketing and delivery platform for agriculture produce, run by Bengaluru-based Ideas Infolabs Pvt. Ltd, on Tuesday said it has raised Rs37 crore from Accel Partners, NRJN Trust, Mistletoe, Qualcomm Ventures and M&S Partners. Follow-on investors Accel Partners, Qualcomm Ventures and Singapore-based M&S Partners had invested Rs20 crore in… Read more »

Uber reviews India leasing scheme as driver incomes drop

Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out… Read more »