LEAD STORY

Exclusive: Bitcoin startup Zebpay in talks to raise funds

FundZebpay, a bitcoin exchange platform and mobile wallet, is in talks to raise $4 million to upgrade its servers and enhance its security in order to handle large trade volumes. US-based Pantera Capital, a bitcoin investment firm, has shown interest in taking part in the funding round that will be led by an Indian venture […] [...]

Myntra to buy Jabong to boost fashion e-commerce play

myntra_feFlipkart-owned Myntra said on Tuesday it has agreed to acquire main competitor Jabong from Global Fashion Group to create India’s biggest fashion e-tailer. The deal consolidates Flipkart’s position in the Indian e-commerce market and enables Jabong parent Rocket Internet to exit the loss-making venture. The acquisition will also provide Flipkart some much-needed arsenal in its […] [...]

Verizon inks deal to acquire Yahoo for $4.83 bn

handshaking4US-based telecoms giant Verizon Communications Inc. has agreed to acquire Yahoo! Inc.’s operating business for about $4.83 billion in cash, the two companies announced on Monday. The sale does not include Marissa Mayer-led Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan and certain other assets. To be updated… Like this […] [...]

Get, set, Pokémon Go

Pokemon33Guess which country, outside of the US, Australia and New Zealand, has seen the maximum number of Pokemon Go downloads ever since the augmented reality app was launched on July 6? According to analytics company SimilarWeb, it is India, after Brazil, that has seen the largest downloads of the game from the file hosting website […] [...]

Lending marketplace Deal4Loans raises $15 mn from Franklin Templeton

Loans3Mywish Marketplaces Pvt. Ltd, which operates retail loans marketplace Deal4Loans.com, has raised $15 million from Franklin Templeton International Services (India) Pvt. Ltd. “This investment is in line with our continued efforts towards making strategic investments across geographies in companies that align with our global business priorities, Vijay Advani, co-president at Franklin Resources Inc., said in […] [...]