Despite needing work on aspects such regulatory issues, India’s strong and productive environment of startups is moving ahead of those in other countries such as Israel and China, Michael Marks, co-founder of Innoventure Partners said, as reported by the Economic Times. “The investment opportunity in India is quite nascent right now with 75% of the […]

Having previously been in talks with Amazon prior to the company’s purchase of Whole Foods Markets Inc., India’s largest online grocery store, BigBasket, may be set to receive an investment worth $200 million from Alibaba Group Holding Ltd. The information came from an anonymous source as told to Bloomberg. BigBasket, which is owned by Innovative […]

Mswipe Technologies has received a $40 million investment from Eduardo Saverin who is estimated to have a net worth of $10.3 billion, according to Forbes. With a presence in 650 cities and towns throughout India, the startup is self-proclaimed the largest payment processor and provider of networks for sales. Mswipe provides retailers with the ability […]

Lifestyle startup, The Label Life, aimed at women, between the ages of 23 and 45, living an urban lifestyle, received a $3.1 million investment. The investment came from Kalpavriksh, a private equity fund created by The Centrum Group, a financial services company. The fund usually invests in fields such as fintech, healthcare and fast-moving consumer […]

Spending around Rs 5 crore, TVS Motor Company Ltd., has purchased a stake in Ultraviolette Automotive Pvt. Ltd., worth 14.78 percent. TVS Motor Company is an Indian manufacturer of two-wheelers which is currently developing the U218, a code-name for an electric scooter. An anonymous analyst told Livemint the market demand for electric two-wheeled vehicles will […]