That could either have meant that Jio Platforms would raise about $5.7 billion more, or sell another 10% stake. But as it turns out, the company has ended up selling an additional 12.4% stake already to global investors, and has raised $8 billion more. At the rate Jio Platforms is signing up investments—$1.3 billion per … Read more
“Monopolies are wrong,” Musk tweeted while tagging Bezos, the world’s wealthiest man. Musk’s post came in response to a tweet from a writer who said his book titled “Unreported Truths About COVID-19 and The Lockdown” was being removed from Amazon’s Kindle publishing division for violating unspecified guidelines. Time to break up Amazon. Monopolies are wrong! … Read more
Three days after Reliance Retail signed a commercial pact with Facebook’s WhatsApp to further the reach of its online venture JioMart, the retailer went live in the suburban Mumbai areas of Navi Mumbai, Thane and Kalyan. Reliance’s tie up with WhatsApp means it gets direct access to WhatsApp’s user base of over 400 million. To … Read more
As per media reports, Purplle.com (Purplle), an online beauty and personal care platform, has raised a $30 million round led by the global investment bank Goldman Sachs. The existing investors IvyCap Ventures, Blume Ventures and JSW Ventures are also reported to have participated in the round. Purplle has seen a commendable turnaround in the last … Read more