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 →

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March: ecommerce events in Europe

March 7-8: eTail Germany – Germany eTail Germany has a full agenda and over 400 attendees. There will be over 80 industry-leading speakers and more than 90 interactive sessions. More info – Visit the website March 12: OroVibe – France OroVibe France is a B2B ecommerce and CRM event for manufacturers, distributors, retailers and brands. More info – Visit... Continue Reading →

Amazon India ties up with Kudumbashree

Kochi: Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India will support, train and empower women entrepreneurs associated with the organization and provide a marketplace for them to showcase their products to Amazon customers across the country. Kudumbashree is one of... Continue Reading →

Online pharma sales in India to hit 25,000cr in 4 years

MUMBAI: The domestic epharmacy market is poised to touch Rs 25,000 crore by 2022, at a robust CAGR of 63%, buoyed by an increased access of medicines to a majority of under-served population, longterm drug compliance for chronic conditions, and rising internet penetration. Online sale of medicines, now at Rs 3,500 crore, could account for... Continue Reading →

Zomato gets Rs 441 crore in funding round led by Delivery Hero

BENGALURU: Online restaurant discovery and food delivery platform Zomato has said it is raising $62.5 million (about Rs 441 crore) in a fresh round of funding led by Naspers-backed German food-tech major Delivery Hero. The capital infusion is part of Zomato’s ongoing Series I round, and is likely to value the Gurgaon-headquartered company at about $2 billion. Also participating in the round are... 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 →

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