Ola picks banks for $1 billion IPO, may file papers in Oct: Report

Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more

LegalPay launches litigation funding platform with minimum investment of ₹25,000

LegalPay, a third-party litigation funding platform, has launched an alternative investment product for retail investors. Investors can invest and diversify across a basket of cases for a minimum amount of ₹25,000. The company has created a Special Purpose Vehicle (SPV) to create a pool of 4-8 commercial cases to ensure diversification of investor’s capital to … Read more

Now chat with Big B’s voice on Amazon Alexa for Rs 149 in India

Amazon on Thursday said it has made India’s first celebrity voice feature on Alexa available with the legendary Amitabh Bachchan, and the users in India can add his amazing voice to their Alexa experience on Echo devices for an introductory price of Rs 149 for one year.   The customers need to press the mic … Read more

India a tough market to operate: Zomato’s Deepinder Goyal

Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are already … Read more

Netflix plans to offer video games in push beyond movies and TV shows

Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company … Read more

Paytm cut marketing spend more than the competition: Bernstein report

Paytm, whose initial public offering is expected later this year, has cut down its marketing spend as it focuses on building revenue, and competes with PhonePe and Google Pay in the super application (app) space, according to a Bernstein report.   “Within the UPI (unified payments interface) super-apps, PhonePe leads the pack on overall UPI … Read more