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PE firm Everstone acquires Delhi-based Wingify, whose flagship product Visual Website Optimizer helps businesses improve online conversion rates, for $200M
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Source: Flipkart hires Kabeer Biswas, co-founder of Dunzo, an Indian delivery startup that had raised $500M+, to lead its quick commerce unit, Flipkart Minutes
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India's commerce minister says that Shein will operate in India purely as a tech partner, with Reliance Retail having full ownership and control of operations
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2024-12-08
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Paytm sells its stake in Japanese payments firm PayPay to SoftBank for $279.2M, ending Paytm's ties with SoftBank, which sold its remaining Paytm shares in June
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Bengaluru-based Swiggy expands 10-minute food delivery service Bolt to 400+ Indian cities and towns, and says it has partnered with 40K+ restaurants, like KFC
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Zomato acquires Paytm's entertainment ticketing business for $244.1M; the division contributed about 9% to Paytm's overall revenue in Q1 2024
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2024-06-06
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Amazon acquires key assets of Indian video streaming service MX Player; a source says the deal values the streamer at <$100M, below its $500M valuation in 2019
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2024-05-24
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Google invests nearly $350M in Walmart-owned Indian e-commerce startup Flipkart, as part of a ~$1B funding round led by Walmart, which invested $600M in 2023
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2024-02-01
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Paytm plans to cease work with its associate Paytm Payments Bank and accelerate work to partner with other banks, after the RBI's clampdown on the payment bank
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2024-01-28
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Flipkart co-founder Binny Bansal steps down from the company's board, after selling his entire stake in recent years; Flipkart was acquired by Walmart in 2018
Manish Singh / TechCrunch :
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