Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
eBay to Invest $170 Million in India's E-Commerce Company
San Jose, CA-based eBay is poised to make a strategic investment of $170 million in Paytm Mall the Indian online retail platform space. Last year, the company sold its 6.55% stake it held in Flipkart for $1.1 billion when the startup was taken over by Walmart, and has been looking...
Amazon India to Launch Online Grocery Marketplace
With the Government of India's approval to invest $500 million in its food retail business, Amazon India will soon commence its online grocery and food retail division. Amazon has almost doubled its authorized capital to $4.74 billion matching its earlier capital commitment of $5 billion made in June, 2016. The...
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...