Exclusive: Amazon elevates India head Amit Agarwal

For-Amazon-Amit-Agarwal-Story-TC_ThinkstockPhotos-1809439971US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with the development told VCCircle. The meatier role is a likely reward for Agarwal’s successful efforts in building the India business organically despite the presence of […]

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Chinese accelerator ZDream Ventures buys startup database platform Xeler8

startups-thinkstockChinese accelerator and venture fund ZDream Ventures has acquired Xeler8, Inc., an intelligence platform providing startup database to venture capital and private equity (PE) firms, according to a press statement. ZDream, however, did not disclose the deal valuation. The 12-member team of Xeler8 will be joining ZDream Ventures following the acquisition. Xeler8 was founded in […]

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Amazon scales past Wal-Mart and Alibaba as most valued retailer after Q2 earnings surprise

Amazon.com Inc posted a positive earnings surprise in the second quarter ended June 30, 2015 which set its share price on fire helping it scale past Wal-Mart and Alibaba as the most valued retailer. Wal-Mart is the largest retailer by sales while China’s Alibaba is the world’s top e-commerce firm by gross merchandise value (GMV). […]

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Financial services portal BankBazaar raises $59M from Amazon, Fidelity and others

Chennai-based A & A Dukaan Financial Services Pvt Ltd, which sells third-party financial services products through the online platform BankBazaar.com, has raised Rs 375 crore ($59.1 million) in Series C funding from e-commerce giant Amazon and other investors. Fidelity Growth Partners and Mousse Partners also put in money along with the company’s current investors Sequoia Capital […]

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