Used car automotive service provider, Mahindra First Choice Wheels announced that it has raised $15 million in a funding round led by its existing investors. The company plans to employ the funds to expand its franchise dealer network and invest in new technology enabled products and services for the online consumer. According to a statement […]

Chinese e-commerce giant, Alibaba’s payment affiliate, Ant Small and Micro Financial Services Group has reportedly invested approximately $200 million in the online food delivery startup, Zomato. In a regulatory filing by Info Edge, which is a large shareholder in Zomato, said that the food delivery company has signed a “definitive agreement to undertake a primary […]

India’s leading online grocery store, BigBasket, announced that it has received $300 million in a funding round led by the Chinese e-commerce giant Alibaba. The funding has strengthened BigBasket’s position in its competition for a greater market share with the US giant, Amazon. According to a filing made by BigBasket to Indian regulators, an Alibaba […]

In a move that will benefit startups across the nation,the Union Budget 2018-19 has extended the tax exemption for startups by two years and has expanded the definition so as to widen the scope beyond technology related venture. Startups that have been incorporated on or after April 1, 2016 and before April 1, 2021 will be […]