He has already committed to spend $5 billion in India
Snapdeal is in a desperate fight to stay afloat as cash reserves dwindle.
Amazon India has received the Reserve Bank of India’s (RBI) approval to launch its own digital wallet in India, paving the way for the American online retail giant to gain a slice of India’s fast-growing digital payments business. Amazon India, which had applied for what is called a Prepaid Payment… Read more »
After securing $1.4 billion in fresh capital this week, Flipkart is under pressure to justify the funding by keeping Amazon India at bay and cutting costs. Doing the two things—growing sales and reducing expenses—at the same time will be one of the toughest tasks Flipkart has faced in its 10-year… Read more »
Flipkart will get a pre-money valuation of $10 billion in this round.
Amazon is now the biggest ad spender in e-commerce firms.
Vasupal was arrested on charges of defrauding an ad agency
Myntra, Voonik, Limeroad and Nykaa are seeing strong demand
AI start-ups from India are slowly starting to go mainstream and are among the hottest focus sectors.
IDG recently closed its third India fund at $200 million.