Zomato raises $195 million in funding from 6 investors, valuation touches $3.6bn

Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8% on fully converted and diluted basis, it added.

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EY India acquires AI startup

Spotmentor is an end-to-end skilling platform to help businesses identify skills required for the future of work, up-skilling and re-skilling talent.

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Turkey fines Google for abusing market dominance

In a statement released Friday, the Competition Authority said Google and its parent company Alphabet Inc had made it difficult for companies to show up in searches if they did not generate advertisement revenue for Google.

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Nandan Nilekani on digital route to deliver Covid vaccine in India

'2.6 billion doses of intramuscular vaccines in two years is an extraordinarily complex and sophisticated task and without digital orchestration I do not see how it could be done.'

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Infosys sees most large deals in $100-$250 million spot

There has been a surge in demand for modernisation work from across sectors as services are being shifted online, said chief operating officer Pravin Rao.

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Aavishkaar, Circulate invest $18 million in Nepra Resource Management

Nepra processes over 500 tonnes of dry waste every day across Ahmedabad, Indore, and Pune and works with 1,700 waste pickers and collectors. The waste management firm now looks to expand its footprint across India.

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SVL secures 25 million euro for Neev-II Fund from EIB

Social impact investing has picked up in India with many funds, both local and global, making a beeline to invest in companies that promise to make a social, sustainable impact.

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SoftBank, others may pump $55-$60 million into Grofers to help fight bigger rivals

Valuation to remain flat as competition heats up in grocery e-tailing sector

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KPIT announces multi-year deal with BMW Group

​​As part of the strategic collaboration, KPIT has been nominated as the single source software integration partner for the next generation 11KW combined charging electronics program powering the upcoming BEV’s of BMW Group.

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Experts say CCI has a strong case against Google

The Competition Commission of India’s case against Google seems to be a 'strong one' and could lead to new regulations, internet and competition law experts said, adding that the US-based technology giant could change some of its policies if the allegations of abuse of market power are proved true.

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Mukesh Ambani takes on Amazon in one of the world's last big consumer markets

Reliance group’s JioMart – which only started this year and is still in the beta phase – has had delivery snafus and refund delays, and some users haven’t been shy about venting on Twitter. All that means winning big against Walmart and Amazon could take years.

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Digital tax on US multinationals: Joe Biden election adds to the twist

Under the Base Erosion and Profit Shifting (BEPS) framework, large economies—barring the US—have come together to tax the global income of digital companies. Indian taxman wants companies to discuss issues if any that they could face under pillar 1 and pillar 2. The US had refused to be part of BEPS claiming that it largely targets American multinationals such as Apple, Amazon, Facebook and Google.

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Future urges HC to stop Amazon from 'derailing' Reliance deal

The court also said that the issue of maintainability of the suit, raised by Amazon, would be kept open. The order was passed after hearing day-long arguments on behalf of FRL, FCPL, Reliance and part arguments by Amazon. The arguments on behalf of Amazon will continue on Wednesday. .

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India's engineering goods exports may decline due to second wave of Covid infection in Europe

Most of the engineering exporting companies were functioning at 60-70% of capacity and exports had touched 60-70% and were steadily rising, said Murali Shankar Sambasivam, director at Super Auto Forge, but a second wave could mean serious trouble for the sector.

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India PC market clocks 9.2% growth to 3.4 million units in September quarter: IDC

"(About) 3.4 million units (were) shipped during the quarter, as the demand for e-learning and remote working remained strong, resulting in Q3 2020 being the biggest quarter in the last seven years in India," IDC said on Tuesday.

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FrontRow raises $3.2M led by Lightspeed, Elevation Capital & Deepika Padukone

The platform offers classes by celebrities in creative arts and sports, including singer Neha Kakkar, cricketer Suresh Raina, and comedian Biswa Kalyan Rath, among others.

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Growth-stage funding rounds halve, recovery seen in H1 2021

Funding rounds of $50-100 million slips to 16 and those above $100 million fall 25%, Tracxn study shows

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Grocery retail aggregator Kirana King raises Rs 7 crore in a pre-series- A Round from RVCF

Kirana King started its retail aggregation operations in 2017 and has a grocery retail network of more than 200 stores in Jaipur, Rajasthan. The company said it now aims to expand its operations in various parts of Rajasthan where it targets achieving 1000 stores by the end of 2021.

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Amex partners Mobikwik to issue prepaid payments card with flexible credit limit

The card network is targeting around a million such digital cards on Mobikwik's platform, linked with the customer’s wallet accounts.

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Swiggy and Meesho offer their staff new Esops buyback option

While Swiggy will buy back shares worth $7-$9 million, existing backers in Meesho will pick up shares worth $5 million from employees in the latest round of buybacks by local startups

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