ShrutikaVerma
Stories by ShrutikaVerma
Warren Buffett set to pick up stake in India’s Paytm
The deal, likely to be announced in two weeks, will be Berkshire Hathaway’s first investment in the country’s buzzing startup ecosystem.
Amazon may partner Samara to buy supermarket chain More from Aditya Birla
Samara and Amazon will jointly place their funds in a shell entity, which in turn will buy More from Aditya Birla.
India: Paytm E-Commerce aims to hit $10b in gross sales by March next year
Paytm E-Commerce Pvt. Ltd, which runs the online marketplace, achieved $3.5 billion in annualized gross sales in June.
Paytm, Alibaba’s AGTech invest $16m in mobile gaming JV Gamepind
While AGTech owns 45% of the gaming platform, One97 Communications holds a 55% stake.
India: GIC-backed ShopClues raises $16m funding, scouts for buyer
ShopClues has held talks with Flipkart, Paytm Mall, Snapdeal and eBay Global for a potential merger.
RBI tells Paytm Payments Bank to stop adding new customers
RBI has made certain observations about the process Paytm Payments Bank follows in acquiring new customers and its adherence to KYC norms.
Bus aggregator Shuttl raises $11m from Amazon India, others
The round was co-led by Amazon India, Amazon Alexa Fund and Dentsu Ventures, and joined by return backers Sequoia Capital, Times Internet and Lightspe
India: Paytm seeks $500 million for new business
Paytm in talks to raise $500 million to build New Retail, which will be its attempt to create a business along lines of China’s Koubei & Meituan.
Late-stage Indian startups catch fancy of PE investors
PE firms are emerging as an important source of capital for tech companies in a late-stage market dominated by likes of SoftBank, Naspers, Tencent and
SoftBank’s Kabir Misra in advanced talks to set up $250m startup fund
The $200-250 million fund, which is yet to be closed, will count SoftBank Group as the anchor limited partner.
