Moulishree Srivastava

Bigbasket couldn’t receive funds from Alibaba after India tweaked the FDI norms earlier in April.

Eduardo Saverin, co-founder and the first investor of Facebook Inc., and Toivo Annus, CTO and co-founder of Skype, are also its backers. 

Although restaurants have been operational for the last three months, consumers have largely stayed away from eating out.

RedBus expects international business to contribute 30% to its revenue over the next three years, up from the current 7%.

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.

Indian government is compiling a list of app-based lending companies that are connected with China.

If the plan materializes, India would become the second country, outside of the US where Tesla will have an R&D center.

Samsung led the premium smartphone segment with a 37% market share in the first half of 2020.