BigBasket in talks to sell majority stake to Tata Group

The deal could see e-grocer divest around 50% stake for about $1 billion, Alibaba likely to exit

from Tech-Economic Times https://ift.tt/2J2HoQ3

FlexiLoans raises Rs 150 crore in debt and equity financing

The latest round follows a capital infusion of Rs 500 crore, which the Mumbai-based fintech company had raised in 2016, a mix of debt and equity, of which Rs 400 crore was debt financing.

from Tech-Economic Times https://ift.tt/34BgYgS

Spending has rebounded with shoppers switching to online: Flipkart Group CEO

Flipkart is exploring partnerships with modern retail brands if they have complementary capabilities, said Krishnamurthy

from Tech-Economic Times https://ift.tt/3eeExiN

MakeMyTrip Q2: Revenue drops 82% to $21M; losses from operating activities at $26M

The company said its results for the fiscal second quarter have continued to be significantly and negatively impacted by the Covid-19 pandemic and the resulting economic conditions.

from Tech-Economic Times https://ift.tt/3e2mmN9

Private equity firms Sequoia Capital and Faering Capital have pumps in $35 million in Finova Capital

Both Sequoia and Faering are existing investors in the Jaipur-based lender, which lends against mortgages to customers in Rajasthan, Delhi and Madhya Pradesh through its 100-odd branches. The US-based Sequoia has invested Rs 216 crore while Aditya Parekh-led Faering put in Rs 44 crore in this round concluded Monday, people familiar with the matter said.

from Tech-Economic Times https://ift.tt/2HBrQlQ

Facebook public policy director for India, South and Central Asia Ankhi Das steps down

The resignation comes weeks after Facebook and Das faced questions internally from employees over how political content is regulated in its biggest market, India.

from Tech-Economic Times https://ift.tt/2HvFFmd

Facebook public policy director for India, South and Central Asia Ankhi Das steps down

The resignation comes weeks after Facebook and Das faced questions internally from employees over how political content is regulated in its biggest market, India.

from Tech-Economic Times https://ift.tt/34xSZPn