By Anirban Sen
Naspers recently invested an additional $71 million in Flipkart.
Kresna is expected to do a follow-on investment.
In April, Flipkart raised $1.4 billion from Tencent, eBay and Microsoft.
The deal is expected to conclude sometime in July.
Indian online retailer Snapdeal has filed a police complaint against some former directors and former management of a local logistics company, in which it owns a stake, accusing them of defrauding the company of 3.57 billion rupees ($55.37 million), a police report showed. The company, which is backed by Japan’s… Read more »
Credit Suisse is trying to build investor consensus on the proposed sale.
PremjiInvest has objected to special payments to some Snapdeal shareholders.
Cloud-based software provider Deskera makes big India push, in talks to raise up to $100m from PE playersBy Joji Thomas Philip
For Shashank Dixit, founder and chief executive of cloud-based business software provider Deskera, the India opportunity in 2017 will mark the second big instance in the company’s short history where the goods and services tax (GST) roll-out is set to be a game changer. The first such instance was in… Read more »
JD.com Inc, China’s No.2 e-commerce firm, said it would invest $397 million in fashion retailer Farfetch UK Ltd to expand its luxury offerings, amid fierce competition with Alibaba Group for China’s high-end retail market. JD will become a major shareholder in the UK firm following the transaction and its CEO… Read more »
China’s Alibaba Group and JD.com have invested heavily in offline retail