IDG recently closed its third India fund at $200 million.
This is 5th consecutive quarter of marking down the value of Flipkart’s shares
Flipkart is also in talks with eBay, PayPal and Google Capital
Flipkart-owned fashion retailer Myntra plans to invest in and forge strategic partnerships with at least 15-20 local fashion brands as part of its new accelerator programme and is simultaneously looking to bring more international brands to its marketplace this year, a top company executive said. Myntra, which launched its Brand… Read more »
Flipkart pulled in gross sales of more than Rs 2,600 crore in both months.
Ola, India’s largest ride-hailing service, continues to witness a spate of top-level departures, at a time when the Bengaluru-based start-up is locked in a fierce market-share battle with Uber and is almost certain to raise its next round of funding at a lower valuation. Apart from the exits of chief… Read more »
Online fashion retailer Myntra on Thursday named marketing chief Gunjan Soni the new head of Jabong, a rival it bought last July, and said its co-founder Ashutosh Lawania has quit to start a new venture. The Flipkart-owned company is in the process reshuffling its top deck following the departure of… Read more »
Ride-hailing service Ola’s chief financial officer (CFO) and former Infosys veteran Rajiv Bansal has resigned, according to at least three people familiar with the matter. Ola has named operations head Pallav Singh as its interim CFO, these people said, on the condition of anonymity. An Ola spokesperson declined to comment…. Read more »
Axilor was launched by IT veterans led by Infosys co-founders Kris Gopalakrishnan and SD Shibulal.
This is part of its first close for its new $100 million fund.