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MobiKwik raises US$ 40 million from Net1

Gurugram-based digital wallet start-up MobiKwik has raised US$40 million (nearly Rs 270 crore) from Net1, a South African payments technology entity specialising in developing solutions for the unbanked in developing nations. Net1 is listed on Nasdaq, the American stock exchange,...

MobiKwik pivots business strategy; targets profits by April 2018

Gurugram-based mobile payments network MobiKwik aims to become profitable by April 2018, as it pivots its business strategy to increase presence in the offline space, a senior company official said. "We expect to become profitable by 2018 and continue to...

Snapdeal's Capital Assist Program to be managed by Freecharge

Snapdeal's merchant lending program Capital Assist will now be managed by Freecharge. According to a PTI report: Under the new arrangement, sellers on Snapdeal, Shopo and Freecharge will be able to access working capital in a time efficient and cost...

Now book an Uber ride via Snapdeal app

Online marketplace Snapdeal has tied up with ride-hailing service Uber Inc. to enable cab booking on its app. With this partnership, Snapdeal consumers can directly book a ride on Uber through the e-tailer’s app, the company said in a statement. In...

Invoking Uber, Flipkart Chairman Sachin Bansal says markdowns don't matter

Battling successive markdowns in valuation by investors and third-parties, Flipkart's Chairman Sachin Bansal has said such cuts are their opinions and cited the case of Uber to illustrate that it will not impact fundraising plans of the e-commerce major. "That...

Uber launches meal delivery service London

Ride-hailing company Uber launched its meal delivery service app UberEATS in London on Thursday, the second European city where users will be able to order food to their home, entering a burgeoning British market...READ MORE

Leading consumer brands collaborate to launch WOSF

The Women’s Online Shopping Festival (WOSF) is a flagship annual online shopping event conceptualized by VelvetCase.com, that has been brought together by a collective of brands that are vertical leaders in various categories - A first in India. Culminating on...

Furlenco and Uber introduce UberPLAY in Pune

India's first online furniture rental company, Furlance has entered a tie up with the US based online transport company Uber. Together they have introduced UberPLAY in Pune. Furlenco with a range of furniture items and offer packages have beautified more...

Uber to invest $500 million in India this year

By June, ride-hailing app Uber is planning to invest $500 million in India to take over its rival Ola. Uber will use the cash to invest in government collaborations, business partnerships, strengthen its driver supply initiatives, marketing and expansion. Just...

Uber accuses Ola of making false bookings

Taxi aggregator Uber has filed a case against its rival Ola. In a petition filed in the Delhi High Court, Uber has accused Ola of making false bookings on its platform by setting up fake rider accounts, misleading its...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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