SAIF Partners-backed UrbanClap revenue grows fourfold in FY18

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The home services startup’s operating revenue grew four times to Rs45 crore in 2017-18 from Rs11 crore in 2016-17

UrbanClap founder Abhiraj Bhal

Amazon offers to buy 60% stake in India’s Flipkart: Report

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Amazon is also learnt to have offered Flipkart a breakup fee of $2 billion.


Flipkart sets aside $400m for share buyback prior to Walmart deal: Report

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Key shareholders Tiger Global and SoftBank are unlikely to sell any shares in this exercise.


Amazon says bullish about India’s e-commerce market, to maintain investment pace

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Amazon’s rapid pace of investments in India over the past year have been triggered by a bruising market-share battle against Flipkart.


SoftBank pushes Flipkart board to wait for Amazon offer against Walmart’s

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Amazon has indicated to Flipkart’s board that its offer will be at least 10% higher than that of Walmart.


Flipkart sale talks mark the end of the $100b dream

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Flipkart is close to selling itself to Walmart Inc. at a valuation of $20-21 billion, a fraction of that $100 billion dream number.


Swedish investor Kinnevik downgrades Quikr valuation by 12% to $885m

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Kinnevik, which holds an 18% stake in Quikr, said the fair value of its holding was marked at $159.29 million for the year ended December 2017.


India ride-hailing firm Jugnoo plans to enter Singapore market

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Jugnoo and other ride-hailing companies are looking to fill the gap left by Uber, which analysts say may help ease regulatory concerns about the sale to Grab.


Walmart seeks to avoid China-like missteps in India with Flipkart deal

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In China, Walmart initially bought an unprofitable, second-tier online marketplace, then exchanged it five years later for a stake in JD.com, the number-two player behind market leader Alibaba Group.