Venture capital seeking an exit route in India

    A variety of strategic investors including Japan’s SoftBank have hit the pause button on their India investments. Photo: Bloomberg Mumbai: Social media isn’t usually the best place to gauge the pulse of the venture capital industry in India. The majority of the country’s small tribe of home-grown venture capitalists tend to be extremely reserved with […]

    Flipkart plans second Diwali sale on 25-28 October

    Flipkart has signed up exclusive tie-ups with the likes of Samsung to launch its On Nxt cellphone model at special prices. Photo: Hemant Mishra/Mint Bengaluru: Online marketplace Flipkart plans to launch a second Diwali sale next week to try and keep up the festive season sales momentum built over the past few weeks, a top […]

  • NEWS
    Flipkart may set up offline stores

    Flipkart is seeking to double its current user base at a time when the broader Indian e-commerce market faces stagnation. Photo: Hemant Mishra/Mint Bengaluru: E-commerce marketplace Flipkart, which touched the 100-million registered user mark last month, is considering options including opening brick-and-mortar stores in small cities as part of a so-called online-to-offline (o2o) strategy to […]

    Paris, the upstart start-up capital

    Paris will soon get the world’s largest incubator with Station F, a 34,000 square-metre facility bankrolled by Xavier Niel, who shook up the French Internet and mobile market with his low-cost Free service. Photo: AFP Paris: Could Paris, the City of Light, soon become known as the City of Innovation helping propel young entrepreneurs to […]

    Yumist plans to raise $2 million from VCs

    Yumist serves home-style meals, which it prepares in its own kitchens. The start-up recently opened a 12,000 square feet kitchen to serve the Delhi-NCR market. Mumbai: Delhi-based Yumist, a food tech start-up that operates in the daily meals segment, is in talks with venture capital investors to raise around $2 million to scale up operations, […]

    Uber’s middle-of-nowhere strategy in the Japanese countryside

    Uber could set its eyes on more than 500 other places in Japan that allow unregulated car services. Photo: Reuters Tokyo: In a small coastal town on the Sea of Japan, Uber Technologies Inc. is deploying an unusual strategy. The average age of an Uber passenger in Tangocho, population 5,914, is at least 70. Even […]

    Food-tech start-up Box8 raises Rs50 crore

    Box8, a full-stack service provider that handles everything from procurement of raw materials and preparation of the food to delivery, is operational in Mumbai, Pune and Bengaluru, and offers an assortment including ice creams, meal boxes, wraps, sandwiches, salads and desserts. Bengaluru: Food technology start-up Box8 (Poncho Hospitality Pvt. Ltd) has raised Rs50 crore ($7.5 […]

    JLL invests in tech start-up Foyr

    With this investment vertical, JLL India has its sights on Geographic Information Systems, visualisation and augmented reality, artificial intelligence, among others. Photo: Raj Kumar/Hindustan Times New Delhi: The Indian unit of international property consultant Jones Lang LaSalle (JLL ) on Monday launched a new vertical to invest in technology start-ups in the real estate sector, […]

  • LIFE
    New Maharashtra rules to hurt operations: Uber

    Bengaluru, Delhi and Mumbai are three of the biggest markets for ride-hailing services such as Uber and Ola in India—a bumpy ride in any of these cities could hurt their businesses. Photo: Hemant Mishra/Mint The Indian unit of Uber Technologies Inc. has objected to some clauses in the Maharashtra City Taxi Rules 2016, released by […]

    BigBasket seeks govt’s approval for Rs100 crore FDI

    As per the current policy, 100% FDI is allowed in trading of food products after approval from the Foreign Investment Promotion Board. Photo: Hemant Mishra/Mint New Delhi: Online grocery store BigBasket has sought government’s approval to infuse Rs100 crore foreign direct investment to further expand its business. The company, which sells fruits, vegetables and other […]