Saritha Rai

Why Ola co-founder Bhavish Aggarwal spurned existing investor SoftBank’s $1.1b offer

Ola co-founder Bhavish Aggarwal is fighting to maintain his independence against SoftBank Group Corp.

Baring, L&T said to be lead bidders for stake in India’s Mindtree

The deal would be valued at about 34 billion rupees ($480 million) at the top of the price range.

Advantage Ambani, setback for Amazon as poll-bound India plays to gallery

The upcoming elections have increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants.

Ousted Flipkart founder Binny Bansal says his new startup aims to help 10K founders

It’s been less than three months since Binny Bansal’s shock ouster from Flipkart, the e-commerce giant he founded over a decade ago. The entrepreneur once celebrated for jumpstarting India’s internet retail industry is now dedicating himself to helping other founders get their startups off the ground. Bansal, who departed after… Read more »

Amazon, Walmart reel as Indian e-commerce norms plunge market into chaos

What’s clear is that Amazon and Walmart now have to re-tool their strategy and potentially ward off stiffer competition from physical retailers or local rivals with deep pockets.

Reliance to roll out online shopping platform, to take on Amazon, Flipkart

Reliance intends to take on the world’s largest retailers by combining his Jio service, mobile devices and a vast physical retail network.

Amazon, Walmart join forces against new Indian e-commerce rules

The rules require online marketplaces to treat all vendors equally, effectively barring foreign companies from featuring exclusive products on their platforms, owning inventory, and thus being able to influence pricing and offer huge discounts.

SoftBank hires Facebook’s Kirthiga Reddy to manage $100b Vision Fund

Reddy will become the fund’s first venture partner and will be investing.

How the 24-year-old Oyo founder built a $5b hotel startup in five years

The chain Agarwal started in 2013, Oyo Hotels, has already become the largest in India, a chaotic market worth $4.5 billion.

Google teams up with four Indian banks to tap $1t digital finance market

From WhatsApp to Ant Financial, internet giants are joining a race to provide financial services in the world’s fastest-growing mobile arena.