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flipkart

Naspers is in talks to invest in Southeast Asia’s Carousell – TechCrunch

Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines listings with peer-to-peer selling across Southeast...

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Robinhood raises, Flipkart exits and MoviePass is running out of cash – TechCrunch

[ad_1] Hello and welcome back to Equity, TechCrunch’s venture capital-themed podcast where we unpack the numbers behind the headlines. This week Matthew Lynley, Connie Loizos and myself were joined by Villi Iltchev, a partner at August Capital. It was good that we had a full crew on deck, as the news...

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After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India – TechCrunch

[ad_1] The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its fight to Amazon in a new region. Walmart has an...

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South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale – TechCrunch

[ad_1] Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru, Naspers just made $2.2 billion off of the...

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Asia news roundup: Samsung scion Lee is out of jail, China plans new crypto crackdown

[ad_1] Samsung chief Jay Y. Lee / Photo credit: Reuters/Kim Hong-Ji Here’s what happened in Asian tech over the past few days… Big tech Samsung heir walks free (South Korea). A South Korean appeals court today suspended the jail sentence handed down to Samsung heir Jay Y. Lee,...

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India’s top tech investments in 2017 came from the east

[ad_1] Mega-rounds of funding were back in India this year, after a lull in 2016. But this time they came from the east. SoftBank honcho Masayoshi Son remains hugely bullish on India despite setbacks in a couple of big bets made on entering the market in...

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Inside Flipkart’s monster-cruncher: how it gleans insights from a petabyte of data daily

[ad_1] Flipkart CEO Kalyan Krishnamurthy with his team. Photo credit: Flipkart Stories Gender is complicated for the data scientists at Flipkart, India’s leading ecommerce site. It’s not enough, for example, to know that the shopper is female. What if she’s shopping for her husband today? So,...

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Brief: Amazon invests more in its Indian marketplace, twice as much as Flipkart so far

[ad_1] Photo credit: Pixabay. The news (extracted from Economic Times): Amazon has invested US$444 million in Amazon Seller Services – its ecommerce marketplace in India. With this fresh capital injection, the total investment in Amazon Seller Services stands at US$2.6 billion. “As India’s largest and fastest growing ecommerce...

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Flipkart just launched its first phone

[ad_1] Billion Capture+ starts at US$170. Photo credit: Flipkart. Following in the footsteps of Amazon’s Fire phone flop, India’s Flipkart today unveiled its first ever phone. Starting at US$170, the dual camera Billion Capture+ shows India’s biggest homegrown ecommerce store is going after the cheap-and-cheerful sector that’s...

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