Startups mop up $7 bn from PEs, VCs in 2018

MUMBAI, Mar 8 (PTI) E-commerce and consumer Internet companies have raised over USD 7 billion in private equity and venture capital funds in 2018, says a report. Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of USD 4.6 billion in 2018, says an EY... Continue Reading →

Online car orders are taking off in Russia

Russian BMW aficionados can now pre-order online the brand’s new flagship BMW X7 – a model which will be made available at dealers only next spring. Buyers may go online to specify the desired type and features of the car, choose the nearest dealer, and pre-pay 150,000 rubles (a little less than $2,300 at the current exchange... Continue Reading →

TikTok: The world’s most valuable startup that you’ve never heard of

Anticipation has long been building about the impending takeover of the tech world by Chinese digital giants like Alibaba, Tencent, Baidu, and JD. Efforts so far, however, have been largely disappointing. The most popular messaging app in the West is WhatsApp, not WeChat; people use PayPal, not Alipay, for digital payments; Google dominates the search... Continue Reading →

Aussie entrepreneurs turn to China for investment

Some Australian entrepreneurs are willing to go further than others in the search for funding to get their business ideas off the ground. A contingent of Australian entrepreneurs and small business owners in July will travel to China to meet investors and partners who are keen to support innovative new ventures Down Under. Led by... Continue Reading →

Email startup wants to reward customers for engaging with marketing campaigns

Retailers in recent years have gained access to a growing number of tools to improve their email marketing campaigns. They can automate messages to prevent missed opportunities, personalise content to ensure relevance and tap into artificial intelligence-driven insights to reduce workload. But they still face a fundamental problem: getting customers to open, or even see, their... Continue Reading →

States investing millions in startups, innovation

The Victoria and NSW governments have each announced major initiatives to support startups and foster innovation in their state. The NSW government yesterday announced a partnership with Atlassian to create a new technology and innovation hub in the CBD, between Central Station and Eveleigh Station. The hub is meant to become the “Silicon Valley” of Australia, serving as... Continue Reading →

Sydney incubator offers soft landing for Asian startups looking Down Under

The list of Australian retailers selling online in China and other countries in Asia is long, thanks to the advent of online marketplaces, such as Alibaba’s Tmall and, and global nature of e-commerce. But increasingly, Asian companies are looking to set up shop in Australia. They include a handful of retail companies, including the aforementioned... Continue Reading →

Google Pay to release its digital wallet service in Israel

Google has shared its plans to launch Google Pay digital wallet platform and online payment system in Israel. According to Haaretz, the company has been undertaking a round of meetings with regulators, bank executives, credit card companies, and financial-technology startups in the country. Google Pay enables shoppers to pay for goods and services online or in... Continue Reading →

Spotify acquires podcast companies Gimlet and Anchor

Spotify has acquired two podcast companies and plans to spend up to USD 500 million on further acquisitions. The Sweden-based company has acquired Gimlet, the company behind a string of popular podcasts including Homecoming, which was adapted into an Amazon TV series. Spotify has also acquired Anchor, a platform that allows individuals and companies to create, publish and... Continue Reading →

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