Exclusive: Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last

According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger Global’s thirteenth venture fund, despite its title — the partners might be superstitious […]

High-profile startup execs back Indian influencers platform CreatorOS

The advent of low-cost Android smartphones and the world’s cheapest mobile data has paved the way for millions of social media influencers in India to amass a following of tens of millions of users in recent years. These influencers, also known as creators, share their daily vlogs, thoughts on a wide range of issues, and […]

India’s Flipkart gives hyperlocal delivery service another try

Flipkart on Tuesday launched a hyperlocal service in suburbs of Bangalore, four years after the e-commerce group abruptly concluded its previous foray into this category. The e-commerce group, owned by Walmart, said Flipkart Quick leverages the company’s supply chain infrastructure and a new location mapping technology framework to deliver more than 2,000 products across grocery, perishables, […]

Walmart invests additional $1.2 billion in India’s Flipkart to increase stake

Walmart is increasing its stake in Flipkart by investing an additional $1.2 billion in the Indian e-commerce giant. The fresh equity round from Walmart, which acquired majority stake in Flipkart two years ago, values Flipkart at $24.9 billion post-money, the two companies said. “We’re grateful for the strong backing of our shareholders as we continue […]

Flipkart invests $35 million in Indian giant Arvind Fashions’ unit

Flipkart on Thursday announced it has invested $35 million in Arvind Fashions for a significant minority stake in one the decades-old Indian firm’s subsidiaries as the Walmart-owned firm looks to widen its hold on fashion e-commerce in the world’s second largest internet market. The e-commerce firm, which operates market-leading fashion e-commerce firm Myntra, said it […]

Google to offer loans to merchants in India

Google said on Thursday it plans to offer crediting feature to millions of merchants in India through its Google Pay app starting later this year as the American technology group looks to help small businesses in the country steer through the pandemic and also find a business model for its mobile payments service. The company […]

Amazon expands Flex delivery program to more than 35 cities in India

Amazon said on Thursday it has expanded its Flex delivery program to more than 35 cities in India, one of its key overseas markets, as the e-commerce giant looks to scale its delivery capability to service the growing number of orders. The e-commerce giant, which completed seven years in the country this month, launched the […]

Sinch to buy India’s ACL Mobile for $70 million

Sinch said on Monday it has agreed to buy Indian firm ACL Mobile for £56 million (roughly $70 million) in what is the third acquisition deal the Swedish mobile voice and messaging firm has entered into at the height of a global pandemic. The Swedish firm said acquiring ACL Mobile will enable it to leverage […]