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Naspers invests $71 million in Flipkart to take its stake to 16.5%

28 Jun

By Jeet Suthar, The Tech Portal

South African technology investor Naspers, which is an existing investor in homegrown eCommerce firm Flipkart, has invested additional $71 million in the company. With this new investment, Naspers’ stake in the company now stands at 16.5 percent. (more…)

Internet users in India to double, reach 829 million netizens, by 2021: Cisco VNI

12 Jun

By Anmol Sachdeva, The Tech Portal

India is one of the fastest growing countries across the globe and digitization is presently being integrated into our DNA, thanks to the efforts of the Modi government and other tech giants. The digital transformation is upon us and Cisco, who has been closely involved with India’s growth, has published a report forecasting the trends within the country. (more…)

Flipkart intends to launch new fintech business categories, hires Silicon Valley execs

10 Jun

By Ashvita Anand, The Tech Portal

Flipkart, which already has plans to enter categories like furniture and groceries is now looking to tap the fintech sector as well. Currently, India’s largest online marketplace, the e-commerce company is looking to hire executives from Silicon Valley to assist them in entering areas of AI (artificial intelligence) and ML (machine learning) while moving away from previous initiatives like assisted commerce. (more…)

India witnesses surge in data usage, hefty Android downloads & much more: Mary Meeker’s Internet Trends Report

3 Jun

By Anmol Sachdeva, The Tech Portal

On stage at the Code Conference, former Morgan Stanley Internet analyst Mary Meeker took center stage to once again provide us insight into global economics and how it affects us. She is a partner at VC firm Kleiner Perkins Caufield Byers (KPCB) and has been preparing the Internet Trends reports for years. This is the twenty-second one and India gets a special feature in the report, thanks to the tremendous growth induced in the country. (more…)

The Narendra Modi Government Could Bring Out a Price-Preference Policy for Indian Owned Companies

16 May

By Mudit Mohilay, The Tech Portal

The Narendra Modi government, which has already made its thoughts regarding indigenous manufacturing pretty clear, could be putting the final touches on a price-preference policy that will favor India- owned company over their foreign counterparts. The policy if implemented, could give a significant boost to the Make in India initiative. (more…)

Flipkart acquires eBay India to further its winning chances against Amazon

13 Apr

By Anmol Sachdeva, The Tech Portal

Flipkart had been plagued with fundraising troubles for the past couple of years, but all of its problems have come to an inevitable end today. (more…)

PVR Cinemas and HP Join Hands to Debut India’s First VR Lounge in Noida

23 Mar

By Simran Agarwal, The Tech Portal

India’s leading theater franchise, PVR Cinemas has today launched India’s first VR lounge in partnership with Global IT company HP. The VR lounge opened in PVR ECX, Mall of India, Noida features four VR pods, which are powered by HP’s Omen desktops or laptops with HTC Vive headsets. Under this partnership, PVR further seeks to inaugurate about 10 such VR lounges across India by the year end. (more…)

TrendForce Expects India to Overtake Japan as the World’s Third Largest Solar Market in 2017

16 Mar

The global solar market has yet to show signs of turnaround after going through the turbulent 2016. (more…)

India to Host Its first-Ever Mobile Congress in September This Year

8 Mar

By Anmol Sachdeva, The Tech Portal

Mobile World Congress organized annually in Barcelona is the largest smartphone-focused fiesta on the planet. This year’s trade show wrapped up just last week and we were taking a little breather when jolted back to life with this surprising revelation. Yes, the headline says it all. And it is definitely true. India is organizing its own MWC this year. (more…)

IDG Ventures Partners with Axilor Ventures to Invest in Disruptive Indian Tech Startups

7 Mar

By Jeet Suthar, The Tech Portal

Venture capital firm IDG Ventures India has forged a partnership with early-stage venture capital firm Axilor Ventures to invest in Indian technology startups with disruptive ideas. (more…)