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 […]

Read more

Paytm investor Alibaba’s Ant Financial to buy US firm MoneyGram for $880 mn

AlibabaIn step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba Group, has agreed to buy US money-transfer company MoneyGram for $880 million. Alibaba and Ant Financial hold a significant stake in One97 Communications Ltd, the parent company of mobile wallet firm Paytm. Reuters reported that Ant […]

Read more

Hike: Revenue Rs 42 lakh in FY16, valuation $1.4 bn

HikeHike Ltd, the messaging app operator that touched $1.4 billion in valuation last year, started earning revenue in 2015-16 but its bottom line worsened as it burnt more cash than ever. The four-year-old company reported revenue from operations of Rs 42.32 lakh for the year through March 2016, according to VCCEdge, the data research platform […]

Read more

Flashback 2016: Hike’s Kavin Mittal takes the fast lane to success

Kavin Bharti Mittal, Founder, HikeFor Kavin Bharti Mittal, the 29-year-old founder and chief executive of instant messaging app Hike, 2016 will go down as a milestone year. For, this is the year when the four-year-old startup joined the coveted group of young firms that are valued at least $1 billion. Hike became only the 10th startup in the country […]

Read more

We’re going to be playing an entirely different ball game in 2017, says Hike’s Kavin Bharti Mittal

Kavin Bharti MittalHaving entered the coveted $1-billion-club of startups in India, Kavin Bharti Mittal is more confident than ever about the success of his four-year-old startup Hike. In August, the messaging app raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology Group and other investors. Hike’s rivals, incidentally, include global tech giants […]

Read more

What Ola can learn from Didi Chuxing on its battle against Uber

ola_feChinese cab-hailing firm Didi Chuxing, the main local competitor for Uber Technologies Ltd in China, has just raised an incredible $7.3 billion in fresh financing. The latest round brings DidiChuxing’s war chest to about $10.5 billion, against the $11.5 billion on Uber’s balance sheet. Questions have been asked about why Didi Chuxing needs this kind […]

Read more