Grab's Bengaluru unit, one out its seven engineering and research & development centres, has so far been primarily focused on building payment systems for the platform.
Discussions with the three Indian brands are in advanced stages, including the possibility of Lava and Karbonn teaming up to bid for the HTC brand licence, one of the executives said.
The operator of a video-sharing app popular with teenagers agreed to pay $5.7 million to settle federal allegations it illegally collected personal information from children .
Created by Beijing Bytedance Technology Co, one of the world's most valuable start-ups potentially worth more than $75 billion, TikTok allows users to create and share short videos with various special effects.
On Tuesday, Spotify was made available in India through its web and mobile apps for new and existing users, although new users cannot sign up for premium services as yet.
The financials are the last results of Flipkart Group as an independent company, and since then US-based retail giant Walmart acquired 77% stake for $16 billion in August 2018.
A parliamentary panel asked Twitter to engage more actively with the Election Commission and respond to fake news and inflammatory posts in "real time" as the country heads into a general election.
Swiggy which is currently valued at $3.3billion, had earlier this month acquired Kint.io a startup which specialises in applying deep learning and computer vision for object recognition in videos, for an undisclosed amount
The draft also favours a review of the current practice of not imposing customs duty on electronic transmissions as per the existing norms in the World Trade Organization.
Blecharczyk said in an interview that he doesn’t see any competition from homegrown companies like SoftBank-backed Oyo in the digital hospitality space and feels there is room for everyone to grow
The development comes ahead of a circular that the CBDT is widely expected to issue to its assessing officers explaining the mechanism for providing exemption to startups from angel tax
Airbnb Plus is a new range featuring 'high calibre' Airbnb homes and every Plus home is visited in person and verified against a 100+ point inspection checklist to ensure greater comfort and quality.
The service, called OYO Life, will be available from the beginning of next month and will be offered by OYO Technology & Hospitality Company, Japan, the joint venture entity between OYO and Yahoo Japan
Oyo, having closed a $1-billion funding round from a consortium of investors, which include SoftBank and ride-hailing majors Didi Chuxing and Grab earlier this month, has been on the prowl for buyouts over the last six months.
The latest round is expected to value the payments startup, which is competing with giants Paytm and Flipkart-owned PhonePe, between $60-$65 million, sources said.
Zomato Gold, which was launched in 2016 in Portugal and in the UAE, before being formally launched in India in November 2017, has now crossed the milestone of having 800,000 paying subscribers in its home market
Experts feel Apple must go for a two-pronged approach — strengthen music and video services, and prepare the ground for making India a manufacturing hub.
Twitter has been under fire in India after after CEO Jack Dorsey defied a rare government summons to attend a Parliamentary hearing on safeguarding citizen rights on such platforms.
According to documents filed with the Registrar of Companies, the Bengaluru-headquartered company had allotted the former Flipkart CEO 70,588 shares at 21,250 per share.
An entity will be considered as a startup upto a period of ten years from the date of incorporation/registration in place of the earlier duration of 7 years
Software exporter withheld payments to firm, which hired consultant to pay bribe; Cognizant's ex-prez and former executive VP, who okayed 'plan', only ones to be charged
Amazon has recruited a slew of local contract manufacturers to produce Presto! products which are being marketed and sold by Cloudtail, the joint venture between Amazon and Infosys founder NR Narayana Murthy's family office Catamaran Ventures
Hopscotch has appointed Barclays as the investment banker to raise up to $60 million (Rs 428 crore) to fund its expansion plans, including hiring more employees.
Uber's full-year revenue for 2018 was $11.3 billion, up 43% from the prior year. Its losses before taxes, depreciation and other expenses were $1.8 billion, an improvement over the $2.2 billion loss posted in 2017.
Facebook's photo-sharing app Instagram may have the best of influencers, celebrities, and even Indian politicians. But it is now fast becoming a safe, and a popular haven for sexual solicitation.
India's antitrust commission is looking into accusations that Alphabet's unit Google abuses its popular Android mobile operating system to block its rivals
Swiggy Stores will offer products from more than 3,500 stores including 200 prominent brands like Le Marche, Needs Supermarket, Licious, Zappfresh, MomsCo, Apollo and Guardian Pharmacy.
The panel had summoned representatives of Twitter and MeitY to be present before it on Monday at 3 pm to examine the issue of “safeguarding citizens’ rights on social media/online news platforms”
Amazon India, which had been testing its UPI payment product, has gone live recently in partnership with private sector lender Axis Bank and is issuing @apl handles to its users
While Google has updated its guidance to creators about policies on custom thumbnails, external links and pranks and challenges, it now prohibits content that “encourages dangerous activities that are likely to result in serious harm.”
CB Insights used a variety of data — including financial health and the strength and size of the market a company serves — to identify 50 startups that may be on a path to achieving a $1 billion valuation.
Once popular across smartphone users, homegrown Indian companies have lost out in the race to Chinese brands, which today account for six out of every 10 devices sold in the country.
Marcelo Claure clashed from the start with Rajeev Misra, who oversees SoftBank’s $100 billion Vision Fund and many of Masayoshi Son’s most important investments.
Twitter said there has been a lot of discussion about Twitter and political bias in India in recent weeks and the global real time communication platform today set the record straight.
The trigger for the latest downturn in trade ties was India's new rules on e-commerce that restrict the way Amazon and Walmart-backed Flipkart do business in a rapidly growing online market set to touch $200 billion by 2027.
On Tuesday, TikTok, which is owned by ByteDance, the most valuable startup in the world, started an online safety campaign in partnership with Cyber Peace Foundation to promote online safety.
Interior design, coaching and tuitions, health and fitness and counselling are just a handful of industries which are tapping into the desire of young professionals to not be tied down to a full time job and be a part of the gig economy.
After nine years of work, Prakash Murthy’s Tokyo-based Atonarp Microsystem has a prototype device that can pass light through your skin and give your blood glucose reading
Amendments to the foreign investment rules in e-commerce, that India announced on December 26, prevent such companies and entities associated with them from having any control over the inventories sold on their platforms.
India is expected to play a key role in Spotify's international expansion plans. The service is expected to launch in the country in the coming months.
Allaying fears of employees following a Morgan Stanley report that suggested Walmart could exit from its investment in Flipkart, Krishnamurthy told employees that "the report couldn’t be further from the truth"
Spotify said that growing podcast listening on its platform is a key strategy in 2019 and it is scouting for more acquisitions in this segment with plans to spend a total $400-$500 million on multiple acquisitions this year.
Myntra and other e-commerce retailers like Amazon have been bringing on board new seller entities so that they do not flout the regulations which prohibit online marketplaces to own equity stakes in sellers.
A unit of the commerce ministry’s Department for Promotion of Industry and Internal Trade called Cell for IPR Promotion and Management is spearheading the effort.
These professionals, who work on emerging technologies at top IT companies, have helped fill a gap in the availability of faculty for training services providers.
It is difficult to understand the potential harm to competition posed by Amazon’s dominance if we measure competition primarily through price and output.
The entrepreneur once celebrated for jumpstarting India’s internet retail industry is now dedicating himself to helping other founders get their startups off the ground.
The meeting comes against the backdrop of various startups raising concerns on notices sent to them under Section 56(2) (viib) of the Income Tax Act to pay taxes on angel funds.
India's largest online marketplaces Flipkart, Amazon, Paytm and Snapdeal are yet to clearly display names, addresses and other contact details of all sellers on product listings featured on their platforms
The acquisition will augment the work Swiggy has been doing in AI, machine learning and big data as it looks to improve discovery for consumers and enable faster more efficient deliveries.
Antitrust advocates says that rules should not be restricted only to companies with foreign ownership, but be applicable to domestic players as well to prevent it from benefitting a select few companies.
“We have cut cashbacks across categories. This is part of the plan to… build stronger o2o (or onlineto-offline) play, where we are investing big this year,” Paytm Mall founder said.
Both companies have made big bets on the Indian retail market - with Amazon committing $5 billion here while Walmart spent $16 billion last year to buy a controlling stake in Flipkart.
Investors and entrepreneurs said overall sentiment across the sector remained fairly subdued especially as the industry is also grappling with the new foreign direct investment rules for the e-commerce sector that came into force on February 1.
The Echo devices, which weren't available on Amazon.in until the early hours of Friday, is now available through sellers such as Hariom Communication LLP and 4 U Marketing, signaling a restructuring of seller entities underway at Amazon India.
The company said in a statement on Friday it had finalised the first close of its series F funding round, with Mitsubishi Corp and Provident Capital joining as investors.