Bengaluru-based mobile adtech firm InMobi claims that it has turned profitable in the last quarter of 2016. This makes InMobi the second Indian unicorn after data analytics firm Mu Sigma to become profitable. As per the company, it has been generating cash every quarter starting April-June in the…
Tag: SoftBank Group Corp.
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…
Internet economy: Reality check at start-ups
For Indian Internet start-ups, this year turned 2015 on its head. Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016. It was a total departure from the previous year, when start-ups tou…