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    Uber infuses Rs 1,767 crore to ramp up Indian operations

    After enjoying staggering private valuation and large spaces in the media across the world for years, Uber has been having a rickety ride since it went public in May this year. Its valuation has nosedived to over 40% from a peak of $80 billion. While the company mired into more problems when Dara Khosrowshahi termed that the murder of journalist Jamal Khashoggi by the Saudi government was...

    • 12 hrs ago
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    Andhra govt scraps startups area development project in Amaravati

    The Andhra Pradesh government has decided to shutter the Amaravati Start-Up Area Development Project under which a 6.84 square km area was to be developed as a start-up area in the capital city of Amaravati. The YS Jagan Mohan Reddy-led Andhra government, which came to power in May, has decided not to proceed with the project given its other priorities for the state, according to...

    • 16 hrs ago
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    eKart is largest logistics firm in e-comm: Posts Rs 4,422 Cr revenue, losses shrink by 41% in FY19

    E-commerce giant Flipkart is a company that's wired a bit differently. Unlike other e-comm players who didn't want to get into logistics and supply chain, it built an in-house solution - eKart - to surmount the most challenging issues of e-commerce. eKart has often been hailed as Flipkart's secret sauce giving it an edge over...

    • 16 hrs ago
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    eKart is largest logistics firm in e-comm: Posts Rs 4,422 Cr revenue, losses shrinks by 41% in FY19

    E-commerce giant Flipkart is a company that's wired a bit differently. Unlike other e-comm players who didn't want to get into logistics and supply chain, it built an in-house solution - eKart - to surmount the most challenging issues of e-commerce. eKart has often been hailed as Flipkart's secret sauce giving it an edge over...

    • 18 hrs ago
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    Leading banks hold 80% of UPI transaction volume in October

    The Unified Payments Interface (UPI), which recently claimed to be the fastest-growing payments system in the world and crossed 1 billion transactions in a month for the very first time, has outnumbered other modes of payments in terms of adoption in India. While the largest market shareholders in the UPI ecosystem - PhonePe, Google Pay and Paytm - haven't revealed the number of...

    • 21 hrs ago
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    Govt issues draft rule prohibiting deep discounting by e-comm firms

    To prohibit e-commerce firms from offering deep discounts, the Consumer Affairs Ministry has issued a set of draft rules. According to the Consumer Protection (e-commerce) Rules under Consumer Protection Act, an e-commerce entity will have to maintain a level playing field, and it can not directly or indirectly influence the price of the goods or services. E-commerce...

    • 21 hrs ago
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    Xiaomi continues to be top smartphone brand in India: IDC

    Powered by festive sales and attractive cashback offers, smartphone shipments in India have witnessed a stellar growth in the third quarter. India's smartphone shipments, recording over 9% growth, shipped a record 46.6 million units in the third quarter of 2019, said research firm International Data Corporation (IDC) in its report. Smartphone shipments saw more than 26% rise in the...

    • 2 days ago
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    Shuttl valuation crosses Rs 1,328 Cr in Series C round

    The daily commute to office has been a challenging affair in most of the top 10 cities in India. While Ola and Uber have solved the pain of accessing on-demand taxi or bike, still they are a costly affair when you have to cover a substantial distance to reach the workplace. A couple of startups - Shuttl and ZipGo - started a few years ago to ease out the transportation needs for office...

    • 2 days ago
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    SoftBank's India investment plan goes for a toss in face of WeWork, Uber setback

    Japanese investor and founder of SoftBank, Masayoshi Son, is widely hailed for his visionary and maverick investments. But of late things do not seem to be going his way. After facing a setback from its two most coveted investments in recent times - Uber and WeWork - the Japanese conglomerate has been finding hard to raise investment for its second Vision Fund. ...

    • 2 days ago
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    The intriguing case of Paytm Mall's financials: Three major unanswered questions

    There has been a flurry of financial results getting filed by startups over the past two months. Most present a picture of rising losses, with revenue growth lying on a spectrum of modest to exponential. Of all the financials filed, there seems something odd with Paytm Mall's financials and there are three crucial unanswered questions: 1. The marketing and...

    • 2 days ago

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