Search Results for:Mihir Dalal

India: Essel Group-backed e-commerce platform Ezmall seeks fresh funding

Launched in September 2017, Ezmall has raised $15 million so far from Essel Group, which owns the Zee media empire.

India: Flipkart eyes stake in Hotstar to enter video streaming arena

The talks with Hotstar come at a time when demand for video streaming services such as Netflix and Amazon Prime Video offering is at an all-time high.

India: Grocery delivery startups BigBasket, Grofers revive merger talks

If the deal goes through, the merged entity could raise $250 million from China’s Alibaba Group Holding Ltd.

Social e-commerce startup Meesho in talks to raise funding from DST Global

Meesho last raised $11.5 million in a series-B round from Sequoia India, SAIF Partners, Y Combinator and Venture Highway.

Online classifieds portal Quikr looks to raise up to $150m

Quikr is in talks to raise between $100 million and $150 million by keeping its record valuation of $1 billion.

India: Logistics start-up Rivigo Services in talks for $400m funding

Rivigo is seeking a sharp jump in valuation from the $950 million it was valued at in the previous round.

Flipkart India races ahead of rival Amazon in six monthly sales growth

In the six months to 30 June, gross sales at Flipkart jumped by roughly 50%, while Amazon India’s gross sales increased by 35-40%.

Indian competition watchdog CCI questions Flipkart’s discounting practices

On Wednesday, CCI approved Walmart’s $16 billion acquisition of Flipkart but expressed concerns about the latter’s discounting practices.

India’s antitrust regulator approves Flipkart-Walmart deal

The regulator said Flipkart’s discounting practices might need to be dealt with separately, an issue that assumes significance in the wake of the new draft policy that proposes further restrictions on discounting by online marketplaces.

Indian startups celebrate as funding boom returns

Investors have already struck 18 deals of $100 million or more this year compared with 22 last year.