Restaurant check-in app Foursquare valued at 250m near funding round: report

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Foursquare, which makes apps that let users find restaurants and stores and “check” into them, is discussing a funding round that would set its value at $250 million, less than half its worth two years ago, tech news site Re/code reported on Tuesday, citing sources. The site also said the… Read more »

India: Online tech accessories store LatestOne raises $3m from parent Palred Technologies

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LatestOne.com, an online store for tech accessories, has received nearly $3 million (Rs 20 crores) in additional funding from its publicly-listed parent company Palred Technologies Limited (PTL), according to a statement. This takes the total funding raised by the Hyderabad-based startup so far to about $7.5 million (Rs 50 crores). The… Read more »


Amazon India establishes presence in 2,100 urban centres

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The logistics footprint of Amazon India grew three times to more than 2,100 cities and towns in 2015 as the online marketplace invested hundreds of crores of rupees to make its delivery service a key differentiator. Its famed customer service helped Amazon gain market share from local rivals Flipkart Ltd… Read more »


India: CarDekho parent acqui-hires virtual reality startup Drishya360s

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Girnar Soft, the parent company of online portals like CarDekho.com, Zigwheels.com and Gaadi.com, has acquired virtual reality firm Drishya360s in a cash and stock deal, according to a statement. Founded in 2010 by Shashanka Adiga, Drishya360s is a premier photography and video production, augmented reality, virtual reality, and web-designing and… Read more »


Luxury brands shower attention on well-heeled Chinese students in U.S.

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Sellers of Western luxury brands eager to capitalize on the new wealth of Chinese consumers are showering attention on mainland students in the United States, even as sales in China falter. The strategy is paying off for some, such as the Los Angeles Beverly Center mall, which sends buses to pick… Read more »


India: Restaurant review site Zomato to invest $40m in nascent food-ordering business

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The food space in the country has eroded as fast as it proliferated. Dazo and SpoonJoy downed shutters while TinyOwl laid off hundreds of employees.


India: Seven hottest e-retail categories to watch out for, according to Flipkart

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These 7 categories are the ones to watch out for in the next year, according to Flipkart, which collected data from 50 million shoppers between Jan 1 January and Dec 14 2015


Indonesia backtracks on ride-hailing rules after online furor

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Ignasius Jonan, transport minister, was forced forced to do an U-turn on ride hailing apps, and conceded that pubic transport infrastructure in the country’s growing cities were inadequate, after he was rebuked by the country’s president Joko Widodo.


Vietnam logistics sector to grow 20-24% on back of surging trade, e-commerce

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Vietnam’s logistics sector may grow 20-24% this year, with 70% of 1,300 firms expected to rake in profits, according to industry data.


Alibaba manages big win by avoiding getting named on US blacklist for counterfeit goods

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Chinese e-commerce giant Alibaba Group Holding Ltd has avoided being named on a U.S. blacklist for sites hosting the sale of fake goods, a victory for the firm after lobbying hard to avoid inclusion on the list. The U.S. Trade Representative (USTR) said, though, it was “increasingly concerned” about Alibaba‘s enforcement… Read more »