An article in Hindustan Times reports that Flipkart, India’s largest e-commerce marketplace, announced $700 million in the latest round of funding from new investors Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates, Qatar Investment Authority, along with existing investors DST Global, GIC, ICONIQ Capital and Tiger Global. The...
Tuebora becomes second Indian company to join Citrix Mentorship
Citrix Systems, the Software maker based in California, has chosen Tuebora, a Bangalore-based startup for an investment. The technology provider is the second Indian venture to make it to the Citrix Startup Accelerator in Silicon Valley after Grexit, chosen in 2011. Tuebora will now have access to Citrix products, partner channel and...
India I.T. Spending To Reach $71.5 Billion in 2013
Information Technology spending in India is projected to total $71.5 billion in 2013, a 7.7 percent increase from the $66.4 billion forecasted for 2012, according to Gartner, Inc. India like other emerging markets continues exercising strong momentum despite inflationary pressures and appreciation of local currencies, which are expected in rising...