Flipkart shuts grocery delivery app Nearby

Flipkart’s move to shut Nearby comes as newly appointed chief executive Binny Bansal is cutting costs and sharpening the company’s focus on its key strengths: electronics and fashion sales and

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Craftsvilla acquires food start-up PlaceofOrigin

A screen grab of Craftsvilla website. New Delhi: Sequoia-backed Craftsvilla Handicrafts Pvt. Ltd on Friday said it had ventured into the food segment with the acquisition of Bengaluru-based food start-up

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Capillary Tech invests an undisclosed amount in WebEngage

Capillary, one of India’s most valuable enterprise start-ups having raised about $80 million in venture funding so far. Bengaluru: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and

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Morgan Stanley fund marks down Flipkart stake value by 27%

Flipkart was valued at $15 billion when it received $700 million from Tiger Global Management, Qatar Investment Authority and other investors in June. Photo: Hemant Mishra/Mint Bengaluru: A mutual fund

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