Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

FlipkartHome-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft Corp., online marketplace eBay Inc., online payment […]

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eBay fires product, tech team in India

layoffstock-by-shah-junaid-(33)_feUS-based online selling platform eBay Inc has laid off the entire product and technology team from its India development centre in Bengaluru, citing a review in operational structure. A spokesperson for the company confirmed the development. “As a normal course of business, eBay regularly reviews its operational structure and today we announced some changes to […]

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ClearTax raises $2 mn in pre-Series A funding from FF Angel, Sequoia

TaxIncome tax returns e-filing platform ClearTax, run by Defmacro Software Pvt. Ltd, has raised $2 million (around Rs 13.3 crore) in pre-Series A funding from PayPal co-founder Peter Thiel’s Founders Fund Angel (FF Angel) and Sequoia Capital. FF Angel and Sequoia have invested $1 million each in the Bangalore-based startup, the company said in a […]

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ClearTax raises angel funding from PayPal’s Max Levchin, Silicon Valley investors

Archit-Gupta_feDefmacro Software Pvt Ltd, which runs income tax returns e-filing platform ClearTax, has secured $1.3 million (around Rs 8.6 crore) in angel funding from Silicon Valley investors, including PayPal co-founder Max Levchin. Other investors include Scott and Cyan Banister, serial investors in Uber, SpaceX, Postmates and Zappos; Neeraj Arora, business head at WhatsApp; Naval Ravikant, […]

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