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Paytm stake sale sees Reliance Capital making a cool 27-fold return; co now valued $4.8 bn
Fp Staff •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.
Reliance Cap sells Paytm stake for Rs 275 crore to China's Alibaba Group
•The deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.
Paytm e-marketplace to get $200 mn from Alibaba, SAIF; Chinese giant makes India e-comm entry
•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.
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.
Logistics e-commerce firm Xpressbees gets Rs 85 cr funding from SAIF Partners, IDG Ventures
Fp Archives •Xpressbees delivers over 60,000 shipments daily
Startup India: UrbanClap's focus on local services benefitting both customers and service professionals
Fp Archives •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 Jiffstore to boost online grocery space, raises Rs 26 crore
Fp Archives •PepperTap acquires Bengaluru-based hyperlocal grocery delivery startup Jiffstore for an undisclosed amount
Tiger Global sells 3.4% in Just Dial for Rs 300 cr, pockets 20x profit in 8 yrs
Fp Staff •Shares of Just Dial yesterday rose 0.84 percent to settle at Rs 1,319.70 apiece on the BSE
Alibaba to buy stake worth $550 million in One97 Communications: report
Fp Archives •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 to make its first major India investment with Paytm stake buy
Fp Archives •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.