Paisabazaar.com announced that it has raised additional funding of Rs 200 crore in funding from its parent company EtechAces Marketing and Consulting Private Limited. This was a part of the pre-IPO fundraising that EtechAces had carried out last year. The company had raised Rs 500 crore from existing and new investors including True North and […]

The Indian e-commerce giant, Flipkart’s logistics partner, Ekart, has reportedly received funding of Rs 1632 crore from Klick2Shop,a company registered in Singapore. As per the documents filed with the Ministry of Corporate Affairs, InstaKart Services, which is the entity operating Ekart, received funding totalling Rs 1632 crore in November in three instalments from Klick2Shop Logistics […]

The South African Internet Group, Naspers, has emerged as a prime candidate to lead a $150-$200 million investment in one of the top food delivery startups in the country, Swiggy. This news comes after the Japanese conglomerate Softbank and Indian e-commerce giant, Flipkart, ended independent funding discussions with Swiggy, as per people familiar with the […]

Indian e-commerce giant, Flipkart has reportedly incorporated a new entity, Sabin Advisors, in order to diversify into the insurance sector and venture capital funding segment. The company was incorporated by Flipkart’s co-founders, Sachin Bansal and Binny Bansal, hence, the title, Sabin Advisors. The incorporation papers did not specify any particular business that the new company […]