Accel Partners

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Accel Partners - Total results - 26
Swiggy's parent Bundl Technologies invests Rs  31.2 crore in Mumbai-based ready-to-cook food brand Fingerlix
Business

Swiggy's parent Bundl Technologies invests Rs 31.2 crore in Mumbai-based ready-to-cook food brand Fingerlix

Founded in 2014, Swiggy currently connects consumers to over 60,000 restaurant partners across more than 80 cities

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains
Business

Flipkart-Walmart deal: Sachin Bansal pays Rs 699 cr advance tax for Q1 FY19; Binny Bansal yet to disclose capital gains

In May, Bentonville, Arkansas-based Walmart Inc acquired 77 percent stake in Flipkart for about $16 billion in its biggest acquisition till date.

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials
Business

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials

In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September
Business

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September

Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.

Walmart-Flipkart deal: SoftBank undecided on selling stake, CEO Masayoshi Son to take a call in 7-10 days
Business

Walmart-Flipkart deal: SoftBank undecided on selling stake, CEO Masayoshi Son to take a call in 7-10 days

SoftBank is figuring out the tax liability that would arise if it sold its shares to Walmart less than a year after investing in Flipkart

Flipkart-Walmart deal: Charting the journeys of a home-grown behemoth and a US retail giant in India
Business

Flipkart-Walmart deal: Charting the journeys of a home-grown behemoth and a US retail giant in India

The deal's highlights of the Indian e-commerce giant Flipkart, in which US-based Walmart has bought 77 percent stake for $16 billion:

Flipkart bet pays off: From modest beginnings to the Walmart nuptial; what's next for the Bansals?
Business

Flipkart bet pays off: From modest beginnings to the Walmart nuptial; what's next for the Bansals?

Flipkart, Bansals' e-commerce bet finally has paid off big time and set the 2018 M&A counters ringing with US retailer Walmart buying about 77 percent stake in Flipkart for $16 billion.

Walmart buys 77% stake in Flipkart for $16 bn: Here is the full text of the official statement
World

Walmart buys 77% stake in Flipkart for $16 bn: Here is the full text of the official statement

In India, Walmart-Flipkart combine will have to battle America's Amazon and China's Alibaba

Flipkart turns into pvt holding firm for strategic buyout by Walmart
Business

Flipkart turns into pvt holding firm for strategic buyout by Walmart

Flipkart's, the decade-old firm, first buyback of shares was on 7 December, 2017 when it spent a whopping $869.15 million to buy 72,83,175

International Finance Corp invests $10 mn in Power2SME, to advise startup on expansion
Business

International Finance Corp invests $10 mn in Power2SME, to advise startup on expansion

Since 1956, IFC has invested in over 400 companies in India, providing $17 billion in financing to the private sector.

Rovio, the maker of ‘Angry Birds’ is planning an IPO to boost its growth
News & Analysis

Rovio, the maker of ‘Angry Birds’ is planning an IPO to boost its growth

Rovio saw rapid growth after the 2009 launch of the original “Angry Birds” game, in which players use a slingshot to attack pigs that steal birds’ eggs.

Angry Birds maker Rovio's sales doubled after movie success
News & Analysis

Angry Birds maker Rovio's sales doubled after movie success

Rovio Entertainment Ltd said on Tuesday its sales in the first half of the year almost doubled following the success of "The Angry Birds Movie."

BookMyShow raises Rs 550cr from Stripes, existing investors
Business

BookMyShow raises Rs 550cr from Stripes, existing investors

The Mumbai-based firm will use the proceeds to strengthen its international presence as well as ramp up offerings in the domestic market.

Startup India: UrbanClap's focus on local services benefitting both customers and service professionals
Business

Startup India: UrbanClap's focus on local services benefitting both customers and service professionals

It was the strong emphasis on innovation and improvement that led the team to realise that iOS users formed a large part of its core target group

Swiftkey in talks with handset makers like Micromax, Intex to expand India business
News & Analysis

Swiftkey in talks with handset makers like Micromax, Intex to expand India business

Swiftkey is in talks with handset makers in the country to pre-embed its keyboard app on devices as the UK-based firm eyes aggressive expansion in one of the world's largest smartphone market.

Accel launches $305 million Indian start-up fund
News & Analysis

Accel launches $305 million Indian start-up fund

Accel Partners, the venture capital firm that has backed the likes of Facebook and Flipkart, is launching a $305 million India-focused fund to capitalise on the country's favourable conditions for start-ups.

HolidayIQ to raise fresh fund from Tiger Global, Accel Partner
Business

HolidayIQ to raise fresh fund from Tiger Global, Accel Partner

HolidayIQ said it will raise fresh round of funds from its existing investors, Tiger Global Management and Accel Partners for expanding its base in the mobile app segment.

News Corp enters Indian realty mkt with Rs 185 cr investment in PropTiger.com
Real estate

News Corp enters Indian realty mkt with Rs 185 cr investment in PropTiger.com

In a statement on Tuesday, News Corp announced that it was acquiring the stake in PropTiger for $30 million which roughly works out to about Rs 185.6 crore.

Dropbox reportedly seeking funding at $8 billion valuation
News & Analysis

Dropbox reportedly seeking funding at $8 billion valuation

Dropbox has raised $257 million to date and it looks like it now wants to double that entire amount. Reports have hinted at the fact that the cloud storage