Bengaluru: Ride-hailing service Uber Technologies Inc. has significantly stepped up investment in car-leasing company Xchange Leasing India Pvt. Ltd, pumping Rs 200 crore into the company between June and September. In a market where maintaining a steady and exclusive supply of drivers is hard to…
Companies, Finance & Markets
Trupay partners with PayPal for global payments
Trupay, a financial app, on October 3, said that it has partnered with payment processor PayPal Pte. Ltd, allowing its merchants to accept and make payments internationally. “This partnership will not only enable international cross border payments for Trupay customers and merchants but also enab…
Facebook launches buy-and-sell ‘Marketplace’
Facebook on October 3 launched a new online “Marketplace” allowing members of the huge social network to buy and sell with each other. The new feature puts Facebook squarely in competition with local online selling platforms led by Craigslist, and offers an alternative to marketplaces…
SRam & MRam Ltd. (UK) & Kalam Media forge $100 mn joint venture
SRam & MRam Ltd. (UK), a leading diversified business conglomerate headquartered in the United Kingdom and Kalam Media, an Indian media house, announced signing of a Joint Venture to form India’s largest start-up in Media & Entertainment space. The Joint Venture Company, SRam & MRam K…
Alibaba ramps up B2B commerce play in India to aid SMEs
Amid talk of Alibaba’s foray into the consumer-facing e-commerce space in India, the Jack Ma-led Chinese internet behemoth has gone ahead and struck a string of partnerships to prop up its existing business-to-business marketplace venture here in India. Alibaba is partnering with DHL and De…
Amazon to open ‘seller cafes’ to offer on-ground help
Online marketplace Amazon India is opening ‘seller cafes’ across 24 cities and towns to offer on-ground help to merchants on its platform ahead of the festival season. “We are opening 24 ‘seller cafes’ in cities and towns to offer on-ground support to sellers to help…
After W’s success, more mid-sized apparel firms look to woo PE funds
Several mid-sized apparel makers have initiated talks with private equity firms to raise funds, encouraged by successful fund-raising by womenswear brand W. Esjay International Pvt. Ltd, which owns women’s apparel brand Chemistry, and Soch Apparels Pvt. Ltd have hired bankers to raise funds in th…
Kumar Urban raises Rs 300 cr from Altico Capital
Altico Capital has closed a Rs 300 cr transaction with Pune based Kumar Urban Ltd (KUL) for a residential township named ‘KUL Ecoloch’, located near Hinjewadi, Pune. The funding proceeds shall be utilized towards refinancing the existing lenders and construction of the township. KUL Ecoloch is a …
Flipkart to hire 10,000 temporary staff ahead of festive season
E-commerce major Flipkart expects to hire over 10,000 temporary staff to ramp up its delivery and logistics service to meet the festive demand. The move comes as part of the preparations being made by e-commerce companies as they launch offers to boost sales during the upcoming festive period. &#…
Two SMEs to hit capital markets
Two companies, Crown Lifter and Husys Consulting, are coming out with their initial share sale today i.e September 9 to raise around Rs 11 crore. These firms will get listed on the NSE’s Small and Medium Enterprises platform. The Initial Public Offerings (IPOs) of Crown Lifter and Husys Con…