NoBroker.com is a tech-based, brokerage-free real estate platform that makes real estate transactions seamless and efficient
Paytm Mall is also open to buying a stake in another retailer or selling a stake in Paytm Mall if a “strategic alignment” was needed, he said, but declined to comment on media reports that said the company was looking to buy a minority stake in Future Retail.
For Paytm, the fund-raising exercise, once fructifies, could push its valuation to $7-9 billion from around $6 billion attained this March
As part of the deal, the Indian arm of US-based eBay may get into the fold of Flipkart
In December last year, Paytm founder and CEO Vijay Shekhar Sharma had sold 1 percent of his holding in One97 Communications, the parent firm of the digital payments firm, to raise about Rs 325 crore.
The deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.
The deal is expected to pave the way for the much-awaited entry of Alibaba into India, where the Chinese firm will go head-to-head with American online retail giant Amazon and homegrown player Flipkart.
The Mumbai-based firm will use the proceeds to strengthen its international presence as well as ramp up offerings in the domestic market.
Xpressbees delivers over 60,000 shipments daily
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
PepperTap acquires Bengaluru-based hyperlocal grocery delivery startup Jiffstore for an undisclosed amount
Shares of Just Dial yesterday rose 0.84 percent to settle at Rs 1,319.70 apiece on the BSE
China's Alibaba and its unit Alipay are in advanced talks to buy a stake for about $550 million (roughly Rs. 3,417 crores) in India's One97 Communications, which owns an online payment platform, sources directly involved in the transaction said.
Alibaba Group Holding Ltd and its unit Alipay are in advanced talks to buy a stake for about $550 million in India's One97 Communications, which owns an online payment platform, sources directly involved in the transaction said.
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.
TravelTriangle, a registered product of Holiday Triangle Travel, is a marketplace for travel agents who can provide customised tours packages to travellers at the best prices.<br />