To set up its presence in India, China's e-commerce firm Alibaba rented 30 seats in a flexible office in Bangalore. The deal for the dedicated seats or private studios is with co-working community venture CoWrks one of the largest commercial real estate developers in the country. Sidharth Menda, CEO at...
Carlyle's $1 Billion Growth Fund to Focus on India and China
Washington D.C.-based global private equity firm Carlyle will raise $1 billion under its new Asian growth fund largely focused on investing in India and China. Per a disclosure, the International Finance Corp is one of its Limited Partners, and the private sector investment arm of World Bank has committed $25...
WIPO Head: India Will Be Major Hub of Innovation
In an interview with the Economic Times, World Intellectual Property Organization director general Francis Gurry discussed issues of Intellectual Property and Innovation with respect to India. Snippets of Gurry's opinions during the conversation: There has been a shift in innovation in the last 20 years, from a total domination by...
India Best Country for Wall Street Says Forbes
New York-based Wisdom Tree, that pioneered the concept of fundamentally weighted Exchange Traded Funds (ETFs) and active ETFs, says that its India Earnings (EPI) Fund is up 12.8% year-to-date and is ahead of China, Indonesia, Thailand, Vietnam, South Korea and Japan. Gaurav Sinha, strategist for Wisdom Tree said, "If you look...
PayTM Launches e-Commerce Mall in India
PayTM, a consumer shopping Android app has launched an e-commerce mall modeled on TMall, China’s dominant e-commerce platform. With Alibaba's and SAIF Partners' infusion of $200 million into Paytm, an Indian payment and commerce company based out of Delhi NCR, the company is now valued at $1 billion. Paytm e-commerce...
Alibaba Invests $200 Million in India's Paytm
Valuing India's Paytm E-Commerce Private Limited at about $1 billion, China's Alibaba Group Holding Limited, will invest $180-200 million in the online retailer, taking the stake of Alibaba and its affiliate Ant Financial to more than 50 percent. Paytm e-Commerce is an entity created by Noida-based One97 Communications Ltd., which...