Flipkart had recently raised $1.4 billion in its biggest fundraising round with investors including Tencent Holdings, Microsoft Corp and eBay Inc After latest fundraising round, the e-commerce firm will now be valued at $11.6 billion Homegrown e-commerce major Flipkart announced on April 12 that …
Tag: Snapdeal
Bootstrapping, another way to build a start-up
There’s a meme floating around Bengaluru’s start-up circles that neatly captures the zeitgeist of the community. In it, a crudely drawn map segregates the city’s neighbourhoods based on the technology companies they house. Well-funded start-ups occupy the trendy enclaves of Koramangala and Indira…
India’s start-ups see a huge marketing opportunity in the 2017 Indian Premier League
The tenth season of the Indian Premier League (IPL), which will kick off on April 5, is expected to be a sporting extravaganza for cricket aficionados. Just like previous seasons, this year, sensing an opportunity to the grab attention of IPL viewership, startups are in the list of the 14 major s…
Flipkart set to raise up to $1.5bn amid talks to buy Snapdeal
India’s largest online retailer Flipkart is set to get between $1.2 billion and $1.5 billion in fresh capital from Tencent Holdings Ltd, Microsoft Corp. and eBay Inc.—funding that will provide it ammunition in the high-stakes battle with Amazon India for dominance of India’s e-commerce market. Fl…
India’s start-up ecosystem in a correction mode: Trifecta Capital
Venture debt firm Trifecta Capital plans to invest across 15-20 startups during the current year with the deal size ranging from Rs 5 to 45 crore according to a top executive of the company. “We have made 18 investments in the last 15 months. Of the 18, we have committed about Rs 275 crore.…
Decoding GST: How it will impact Indian start-ups
Even as the government is still deliberating on the list of over 5,000 goods that will be taxed under the upcoming Goods and Services Tax (GST), Indian start-ups have welcomed passage of the Bill, which they feel will simplify conduct of business. Start-ups believe it will simplify taxation in th…
Indian Start-up 2.0 – A progressive perspective
From a formal dining to a privately held house party, the cacophony is incomplete without the much heated discussion about the disarmed & constraining unicorn e-commerce businesses in India today. Disappointing or concerning, jabbering or learning, the word is loud & clear, currently the …
Venture Catalysts invests $500K series A funding in fashion e-Commerce portal Fynd
Identifying promising business ventures and providing them with the right opportunity has become the trademark of investors at Venture Catalysts, Indian seed investment and innovation platform. The platform has now participated in Series A funding round of Fynd, the fashion e-commerce portal with…
Capital Float partners with Amazon India to disburse loans to e-sellers
Bangalore: Digital lending platform Capital Float has announced its partnership with Amazon India to disburse thousands of loans to e-sellers. The company – the only fintech startup to partner with the e-commerce giant – has also partnered with other leading online platforms including…
e-Commerce companies to pay up to 1% TCS under GST
E-commerce firms like Snapdeal and Amazon will have to mandatorily deduct up to 1 per cent TCS (Tax Collected at Source) while making payments to their suppliers under the GST regime which is expected to kick in from July 1. The model Goods and Services Tax (GST) law, finalised by the GST Council…