Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

EXIT_FREE2Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While US online retailer eBay, Chinese […]

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Flipkart raises $1 bn in down round: Report

VCCircle_Flipkart8Bengaluru-based e-commerce behemoth Flipkart Online Services Pvt Ltd has reportedly raised $1 billion in a massive fundraising round. The firm will also secure an additional $1 billion in the next few months, a report by Bloomberg stated citing people aware of the development. The funds were secured at a down round that valued the company […]

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Exclusive: Former India head Latif Nathani quits eBay

Latif NathaniLatif Nathani, who was heading eBay’s India business up until recently, has resigned from the company. Nathani served as the managing director and vice president of eBay India since May 2013 until last month when he moved back to the US. Nathani decided to move to the US for personal reasons, a person aware of […]

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What’s inside Aadhaar-linked Skype Lite?

skype_feSkype Lite, the 13MB video-calling app that works flawlessly even on a slow network, could well be the answer to the woes of scores of mobile users struggling to keep up with call drops and barely-workable data speeds in India. A lighter version of Skype, the video conferencing service from Microsoft, sits light on the […]

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Exclusive: eBay India’s head of product development Ramkumar Narayanan quits

Ramkumar NarayananRamkumar Narayanan, general manager and global head of monetisation products at eBay Marketplaces in India, has resigned from the firm. He was primarily responsible for generating revenues for eBay. Narayanan has confirmed the development to Techcircle. Previously, he was the vice president of global product management at Yahoo and also worked with Microsoft in the […]

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We went through near-death experience many times, says Nutanix founder

Dheeraj-PandeyThough Dheeraj Pandey is fairly well known and connected among the who’s who of the tech industry, he hit headlines in his home country only late last year. Cloud computing firm Nutanix, which Pandey co-founded seven years ago in Silicon Valley, exceeded market expectations during its Nasdaq debut in September to hit a $5 billion […]

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Microsoft’s India cloud plans get booster shot as Flipkart signs up

Binny-Bansal,GroupCEOand-Co-FoundSatyaNadellaCEOMicrosoft_tc_feGlobal technology leader Microsoft and India’s top e-commerce firm Flipkart have announced a broad collaboration under which, as a first step, the latter will use Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart group CEO Binny Bansal together announced the partnership at an event in Bangalore on Monday. The […]

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Google ends Apple’s 5-year reign as world’s most valuable brand

Google_121212Google has dethroned Apple to become the world’s most valuable brand, ending the iPhone maker’s five-year reign at the top. According to Brand Finance’s Global 500 2017 report, Google’s brand value surged as much as 24 percent last year to $109.4 billion. Cupertino-based Apple’s brand value, however, fell 27 percent to $107.1 billion, and it […]

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Exclusive: Ola CMO said to have quit, CFO Bansal may follow suit

OlaTop-level churn seems to be brewing at Ola with its chief marketing officer (CMO) Raghuvesh Sarup said to have quit the cab-hailing company, according to multiple people aware of the development. Two persons with direct access to the information told Techcircle that chief financial officer (CFO) Rajiv Bansal may also be on his way out. […]

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Microsoft and Wipro to help startups grow business

Startup3Microsoft Accelerator has announced a partnership with Wipro to identify technology solutions that can be integrated across Wipro’s existing business verticals and to offer the startups enrolled in its accelerator programme comprehensive go-to-market (GTM) opportunities. The announcement was made at Microsoft Accelerator’s flagship event Think Next 2016 on Wednesday. Under the partnership, Wipro will refer […]

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