Search Results for:Anirban Sen

India: InMobi buys mobile ad firm AerServ for $90m

The acquisition also expands InMobi’s presence in the US, the world’s biggest market for advertising.


India: Flipkart, payments arm PhonePe chart separate routes for fintech

The different approaches by Flipkart and its fully-owned, UPI-based payments arm PhonePe, highlights a broader strategy on Flipkart’s part to create large, independent, revenue-generating businesses inside the group.


India: Fashion retailer Myntra looks to expand presence in Silicon Valley

As part of a broader push to invest more in technology this year, Myntra is looking to hire an executive to head a small team of data scientists in the US.


India: Flush with funds, Flipkart boosts investments in logistics arm eKart

Flipkart raised nearly $3 billion in 2017 from Japan’s SoftBank Group Corp., China’s Tencent Holdings Ltd, eBay Inc. and Microsoft Corp.


Flipkart to look beyond gross sales numbers: Kalyan Krishnamurthy

The online retailer looks to invest heavily in technology and new categories such as groceries as part of a broader strategy to maintain its market-share edge over rival Amazon India.


India: E-commerce major Flipkart to carve out internal artificial intelligence unit

Flipkart is also looking for AI-related acquisitions in India and in the US.


Flipkart India’s wholesale unit revenue growth slips in FY’17

In the previous financial year of 2015-16, the wholesale business had registered growth of 34%.


India: Accel-backed Teabox raises $7m in Series B funding

Teabox, which raised $6 million in 2015 as part of a series A round, may extend the current round to $10 million as the Siliguri- and Bengaluru-based start-up continues talks with other interested investors


India’s largest online retailer Flipkart completes buyback of employee stock options worth $100m

Over 3,000 existing and former employees of Flipkart, Myntra, Jabong and PhonePe had participated in the share buyback


SAP plans to double the number of startup investments in 2018

SAP had earlier this year launched a global $35-million fund to invest in technology product startups