Search Results for:Saritha Rai

India’s Ola aims to roll out a million electric vehicles by 2021

Ola aims to build out an existing pilot project in the central Indian city of Nagpur, where its first electric vehicles have already travelled more than 4 million kilometres.

India’s Flipkart said to favour Walmart over Amazon for stake sale

Walmart faces fewer regulatory hurdles because it has no online retail presence in the country now, while Amazon is the second-largest e-commerce player and Flipkart’s primary rival.

India’s Bigbasket founders built a $950m empire using a trick or two from the dotcom era

In India where groceries account for half of the almost $1-trillion retail market, Bigbasket is using knowledge learned the hard way during the dotcom era.

Walmart said to be nearing $7b deal with Flipkart in India

If completed, the deal may push the valuation of the homegrown startup to about $20 billion, up from about $12 billion last year.

WhatsApp dips toes into India’s digital payments market

At stake is an Indian digital payments market that Credit Suisse Group AG estimates could be worth $1 trillion within five years.

After conceding in China, Amazon really wants to win in India

Almost five years after opening for business there, Amazon is spending billions fighting a ground war with local rivals like Flipkart that know the terrain. 

Paytm to follow backer Alibaba’s footsteps with ‘new retail’ experiment

Paytm is introducing a co-branded brick-and-mortar store where customers can walk in, scan product bar codes, browse and make purchases via its mobile app.

Alibaba leads $300m funding in India’s online grocer Bigbasket

The round, joined by existing backers Abraaj Group and Bessemer Venture Partners, values Bigbasket at $950 million.

SoftBank in talks to invest in Indian insurance startup PolicyBazaar

The startup’s existing foreign investors, including Tiger Global Management and Temasek Holdings, hold about 48% of the startup.

Alibaba to invest $200m in India’s online grocer Bigbasket

Alibaba is taking a stake of about 25% in Bigbasket after months of negotiations.