Flipkart is targeting sales of $1.5-1.7 billion in its annual Big Billion Days sale, nearly double of what it did last year.
Edutech startup Byju’s is in talks with General Atlantic and Temasek Holdings for up to $300 million funding
Amazon Pay India is said to have bought out Tapzo in a cash-and-stock deal, valuing the startup at $30-40 million.
The deal values Paytm at $10-12b, making it India's most valuable consumer internet startup.
Q & A
Recently, Swiggy hired Vivek Sunder as its chief operating officer, among other top recruitment.
The buyout could help Flipkart cross the language barrier faced by most leading consumer internet companies.
Rajesh Raju, MD at Kalaari, may leave for other opportunities but will continue to manage the portfolio from its second and third funds in his capacit
Samara and Amazon will jointly place their funds in a shell entity, which in turn will buy More from Aditya Birla.
Flipkart’s existing management team led by CEO Kalyan Krishnamurthy will continue to lead the business
Flipkart typically generates most of its business during Big Billion Days from high-value categories such as smartphones and large appliances.
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