Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more
Netflix has been staffing up for its next wave of growth that could come from international TV and new areas like video games. With employees on the move across industries amid the Great Resignation, Insider updated its analysis of how much Netflix employees make in the US. We combed through public data to get a … Read more
In an after market surprise announcement, Indian Railway Catering & Tourism Corporation (IRCTC) announced that Ministry of Railways has conveyed it’s decision to the Company that it will have to share 50% of the convenience fee with the Ministry w.e.f. November 1, 2021. IRCTC collected convenience fee of Rs 299 crore in FY21. However, this … Read more
Beauty startup Nykaa has raised Rs 2,395.84 crore in its anchor book allocation from 174 investors ahead of its initial public offering (IPO). The firm allocated 21,296,397 shares at the upper price band of Rs 1,125 per equity share, it said in an exchange filing. Some of the marquee investors include Black Rock, Fidelity, … Read more
Tiger and SoftBank have jointly invested in 37 VC rounds so far this year, up from 12 in 2020. Tiger is also one of SoftBank’s biggest shareholders, someone familiar with the matter told Insider. But the bigger reason the two are collaborating more is because founders now hold the cards. Tiger Global and SoftBank Group … Read more
PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion. The latest development, which dashed the prospect of Pinterest getting access to PayPal’s massive user base, … Read more
Key points to note – Solution has been developed by Airtel’s in-house engineering team – though doesn’t seem like a big deal for a giant like Airtel. It encompasses features ranging from app development, content hosting, curation and lifecycle management to search and discovery, analytics and monetisation models (advertising, subscriptions, transactions). Raj TV and Eros … Read more