Alibaba is already present in the Indian e-commerce sector through its holding in Paytm and Snapdeal.
OTO Capital, a retail-focused automotive leasing startup, has raised its first round of institutional funding from Prime Venture Partners.
The proceeds will be utilised to fuel the growth of the company’s businesses as well as to repay outstanding debt.
First Principles Labs Technologies has raised $4.5 million from Matrix Partners, Sequoia India, among others.
Flipkart will continue to issue promotion letters across levels along with additional Esops over the next few weeks.
Ankit Sinha and Praveen Sharma will head Paytm's cloud and advertising businesses, respectively.
The latest vehicle brings Accion Venture Lab’s total capital under management to $43 million.
The round also saw participation from Building Ventures, Revolution's Rise of the Rest Seed Fund, and Clean Energy Trust.
The investment will give Digital Refresh Networks the bandwidth to strengthen its core services and aid acquisitions.
Advent is in advanced negotiations to invest Rs 1,200-1,300 crore in Aditya Birla Capital Ltd (ABCL) for a 6-7 per cent stake.
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