IPOs & Markets
Bigbasket had raised $300 million in primary and secondary capital from Alibaba Group earlier this year.
Government agencies including the defence ministry, information technology ministry and the Telecom Regulatory Authority of India (Trai), besides the
Swiggy got a lot of things right, but the driving force behind its success is in its excellent logistics operations.
Billion is now part of a portfolio of eight private label brands, which are being overseen by Flipkart executive Adarsh Menon.
Flipkart’s acquisition of Myntra in 2014 further helped boost its position as the leading online fashion retailer in the country.
Chinese internet firm Meituan-Dianping has also invested in the latest round.
Firstcry held funding talks with Temasek last year but the discussions cooled because of differences over valuation.
Parameswaran’s appointment comes at a time when Uber is engaged in market share battles in the Asia Pacific region against local rivals such as Ola
Cisco Systems Inc., which has acquired over 200 companies over the past three decades.
The latest numbers indicate that Ola has managed to hold its own against Uber in India over the past 18-24 months.
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