Walmart-controlled e-commerce major Flipkart is dotting various Indian cities with “dark stores,” or outlets used only for deliveries to the nearby locations, to take on Reliance’s JioMart that went live in May. Flipkart is aggressively ramping up food and grocery-specific warehousing capacity by lining up dozens of small storage spaces – in the range of […]

Illustration: Rahul Awasthi India’s online pharmacy space is expected to see a wave of consolidation, triggered by Reliance Industries’ reported acquisition of Chennai-based Netmeds, with global investors also lining up to back the winners in the fast-growing sector. Reliance’s yet-to-be announced acquisition of Netmeds for an estimated $120 million is a catalyst for other players […]

U.S. President Donald Trump said on Monday he does not mind if Microsoft buys the Chinese-owned short-video app TikTok, but any purchase by an American company would have to be done by a Sept. 15 deadline. The Republican president, who last week threatened to ban TikTok over national security concerns, said he had a great […]

Private lenders ICICI Bank and Yes Bank have asked homegrown payments startup BharatPe to stop using their names to collect deposits from merchants under its ‘interest income’ feature amid tightening scrutiny by the Reserve Bank of India in regulating the country’s burgeoning digital payments ecosystem. The ‘deposit’ feature on BharatPe application, which went live in […]

Microsoft has confirmed that it is in talks with China’s ByteDance to acquire the US arm of its popular short-video app TikTok. Meanwhile, Silicon Valley-based Tribe Capital, which was founded by former executives of Chamath Palihapitiya’s buzzy venture capital fund Social Capital, will look at India actively as one their key markets outside of the […]

E-commerce giant Flipkart, which recently took over its US parent Walmart’s wholesale business in India, is exploring ways to consolidate its operations and this could include shutting down unviable “Best Price” stores or turning some of them into full-fledged warehouses with a greater focus on their e-commerce operations, sources said. The Bengaluru-headquartered company, in which […]

The problem? Two US Internet giants — Google, and Facebook — are major distributors for news publishers. They ferry more than 80% of external traffic to various sites, according to Parse.ly, web analytics for online publishers. Earlier, media companies controlled how their publications reached the public and collected all the ad income they generated. News […]

Several popular digital channels operated by the National Payments Corp of India (NPCI) reported their highest monthly transactions in July, an indication that the Covid-19 pandemic has led to accelerated adoption of digital payments among Indians. The Unified Payments Interface (UPI), Immediate Payment Service (IMPS) and the Bharat Bharat Bill Payment System (BBPS) have reported […]

Facebook is rolling out official music videos across its platform as well as launching a new music destination on Facebook Watch in India, the United States, and Thailand. The music destination on Facebook Watch will be available on iOS and Android platforms as of now and will be soon available on desktops. Users will be […]

UK-based fintechWiserfunding is set to make its entry into India launching its Artificial Intelligence (AI) backed cloud-based credit risk assessment tool to help banks provide loans to small businesses. The company is set to invest $3-5 million in India over the next three years to tailor credit risk models specifically towards Indian SMEs to reach […]