Varsha Bansal

Temasek-backed Pine Labs eyes unicorn tag with new funding round

Pine Labs is in advanced talks to close a funding round of around $75 million from existing investors including Temasek and PayPal.


India likely to offer angel tax relief to startups, but may not be enough

The Central Board of Direct Taxes (CBDT) is expected to extend angel tax exemption to companies with paid-up capital and share premium of up to ₹25 crore.


India: Swiggy forays into home delivery of essentials

The new service called ‘Swiggy Stores’, which will be accessible on its mobile app.


KKR, General Atlantic may invest in Flipkart’s payments arm PhonePe

The interest from the PE firms comes at a time when PhonePe is looking at a valuation of $10 billion.


India: Food delivery player Swiggy acquires AI startup Kint.io

The acqui-hire comes just a few months after Swiggy closed its $1 billion round, led by Naspers and joined by China’s Tencent.


Flipkart co-founder Sachin Bansal invests $21m in Ola, may inject more

As part of the same round, Ola recently received $74 million from existing backer Steadview Capital.


India: Ola’s valuation skyrockets to $5.7b after fresh funding from Steadview

Ola has regained its number two ranking in the pecking order of India’s most valuable startups.


India: Ride-hailing platform Ola mulls investment in medicine delivery startup Myra

Driven by their common investor Matrix Partners, the deal is expected to close by the end of this month.


What new FDI guidelines mean for the Indian e-commerce ecosystem

The guidelines that will come to effect from February are stricter in nature, causing companies such as Amazon India and Flipkart to go back to the drawing board.


OYO Rooms to buy back ESOPs worth $7m in January

It is the first in a series of programmes that is expected to yield its former and current employees a total of $150-200 million over the next two to three years.