Company News
VCC Startups weekly wrap: Oyo-Zo merger dissolves; Snapdeal’s legal woes escalateedit
A media report said that e-commerce major Flipkart was in talks to invest in local services firm UrbanClap, furniture e-tailer Urban Ladder, and food delivery startup Swiggy. Besides these three firms, Flipkart is also eyeing startups in insurance and wealth management, a report in Mint stated, citing three people aware of the development.
Publication: VC Circle
Date: October 28, 2017
Funding Galore: Indian Startup Funding Of The Week [23-28 October]edit
eBay Inc, the global multinational ecommerce corporation acquired a 5.44% stake in Flipkart, in exchange for its eBay India business for $211 Mn (sold in April 2017) and $514 Mn cash investment (April 2017 as part of $1.4 Bn funding round) in the Indian e commerce unicorn. Earlier this week, Flipkart was also said to be in acquisition talks with Swiggy, Urban Ladder, and UrbanClap.
Publication: Inc 42
Date: October 28, 2017
Competition and Industry News
The Classic Swedish Tableedit
Eclipsed by the ‘New Nordic’ wave that has swept the culinary world, it is old Swedish classics that seek the place in the sun that they deserve. Raul Dias lists the top 10 treats you simply cannot leave Sweden without trying!
Publication: Afternoon DC
Date: October 28, 2017