Walmart paid $1.4 billion to buy out hedge fund Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. Besides Tiger Global, Flipkart co-founder Binny Bansal along with Palo Alto, CA-based private equity firm Accel, one of the earliest investors...
Flexible Office Concepts Gain Traction in India
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...
Five Trends for India Startups
Forbes reports that the underlying theme in India's startup ecosystem will be consolidation. The publication mentions five trends for this year's startup ecosystems: Growth of Vertical SaaS Vertical SaaS caters to a specific vertical, like hospitality, travel or retail, and data from startup analytics firm Tracxn, claims that over 60 startups...
Software as a Service Booms in India
Forbes reports that according to a joint research report by Google and Accel Partners, by 2025, companies in India are likely to command 8% share of the global SaaS market which could be worth $10 billion annualy. Tracxn, a startup intelligence and market research platform, says that since 2010 India's...