BlackBuck closes $70M to digitize freight and logistics across India

 BlackBuck, a startup that is digitizing logistics and cross-country freighting in India, has closed out a $70 million Series C round. The deal is led by new investor Sands Capital, with participation from World Bank’s IFC and existing investors Accel, and e-commerce giant Flipkart. BlackBuck had previously raised $30 million, including a $20 million Series B in 2015. Yuri… Read More

Vodafone India confirms it is merging with Idea Cellular to form India’s largest telco

 Vodafone India has confirmed that it has reached an agreement to acquire rival Idea Cellular. The deal, which is being painted as a merger, will create India’s largest operator with some 377 million customers. The company revealed it was in talks with Idea Cellular over a deal in January, and the coming-together was announced today. Subject to the relevant approvals, it is expected… Read More

Ola bets its home-field advantage and tech will beat rival Uber in fiercely competitive Indian market

If you’re looking for a battle royale between two ambitious, well-funded startups, you might start by visiting India. The country has become the focus of an intense competition between Silicon Valley’s Uber and homegrown Ola as each seeks to dominate the country’s exploding ride-hailing market. Uber has raised $8.8 billion in venture capital, while Ola has raised $1.8 […]

Why Apple is destined to fail in India

Apple’s prospects for the iPhone look dim in China, with declining market share and competition from more advanced products. That is one reason Apple is now focusing on the second-largest smartphone market in the world: India. “I sort of view India as where China was seven to 10 years ago from that point of view,” Apple chief executive Tim Cook […]

Samsung Pay is now live in India

 Samsung Pay has launched in India where it is working on selected devices, according to a report from Sam Mobile. The Korean firm had teased its entry to India’s payments market last month, but now it has rolled out with support for banks Axis, HDFC, ICICI, SBI, and Standard Chartered, and credit and debit cards from MasterCard and Visa. Beyond traditional financial organizations,… Read More

India becomes key battleground in global ecommerce war

(Reuters) – Global tech giants are heading for a proxy war in India. Alibaba is leading a $200 million investment into Paytm’s marketplace, creating a new Indian unicorn. It confirms the intention of the Chinese behemoth to take on Amazon, which is aggressively ramping up, investing $5 billion into its local operation as other homegrown […]

It’s Alibaba versus Amazon in India’s e-commerce market

shutterstock alibaba The battle for supremacy in India’s e-commerce space looks set to become a slug out between two gigantic global players: Amazon and Alibaba. At stake is one of the world’s fastest growing internet markets. India’s online population is tipped to reach 450 million-465 million people by June 2017, according to a new report co-authored by the Internet and Mobile Association… Read More