Alibaba

Alibaba To Acquire 40% Stake In Hyperlocal Grocery Delivery Firm BigBasket For $300 Mn

With the year 2017 stepping to an finish, yet an additional significant offer is on its way in the Indian startup ecosystem. Alibaba together with Paytm Mall is all set to acquire all around 35% – 40% stake in hyperlocal grocery delivery startup BigBasket against an investment decision of $300 Mn. As per modern experiences,…

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Paytm Plans To Invest $2.5 Bn To Grow Its Ecommerce Business Paytm Mall

Paytm has its sights established on getting a considerable player in the ecommerce house with its ecommerce unit Paytm Mall. Founder Vijay Shekhar Sharma mentioned that Paytm plans to devote up to $2.5 Bn to increase its nascent online shopping portal enterprise within just 3 to five a long time as it eyes best place…

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Online Retail Has A Threat From Physical Retail: Kishore Biyani

Long run Group CEO Kishore Biyani is again to bashing on-line retail as soon as once more. Biyani stated that the considerably-considered increasing on-line retail sector in India has a risk from bodily retail models like Huge Bazaar as the previous suffered on account of their reduced small business share and large expense of small…

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Flipkart To Invest $50 Mn In Foodtech Firm Swiggy; Tencent May Follow

Speculations close to Flipkart never feel to stop at any time given that the firm declared its system to roll out a just one quit mobile app in June 2017.  Just soon after the firm is mentioned to be in talks to back again companies in the foodtech and hyperlocal area, now a report by…

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Alibaba Undeterred In Its Focus On India: CEO Daniel Zhang

Possessing monopolised the Chinese ecommerce sector via intense discounting and mega revenue, like the recently-held 11.11 Worldwide Buying Competition, Jack Ma-established Alibaba now has its eyes set firmly on the booming current market in India. In accordance to Alibaba Team Holding CEO Daniel Zhang, India holds enormous opportunity and is a “very important” concentrate on…

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Alibaba Seeks CCI Nod To Buy Stake In Online Grocery Startup Bigbasket

In a bid to get a stake in on the net grocery startup Bigbasket, Chinese ecommerce huge Alibaba has reportedly sought the acceptance of the Levels of competition Fee of India (CCI). The information arrives four months after the Jack Ma-led organization and Paytm Mall initiated discussions with Bengaluru-dependent Bigbasket for a potential $200 Mn…

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Foodtech Startup Swiggy Broaches Merger Talks With Zomato

Two of the biggest gamers in the Indian foodtech space, Zomato and Swiggy, are reportedly in talks about a possible merger. According to resources, Bengaluru-based mostly Swiggy has proposed a inventory-based mostly merger with its arch nemesis, Zomato. As per experiences, the higher administration of the two corporations have been engaged in discussions till past…

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