Moglix raises $23M to digitize India’s manufacturing supply chain

We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manufacturing products that’s been making strides — today it announced a $23 million Series C round ahead of a bigger round and impending global […]

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In emerging markets there are no copycats, just budding entrepreneurs

Every year I teach an MBA course at Stanford about the exciting opportunities for tech investors and entrepreneurs in developing economies.

View More In emerging markets there are no copycats, just budding entrepreneurs

Walmart partners with Rakuten to open its first e-commerce store in Japan

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The companies first announced a collaboration in January when they agreed to team up on the launch of an online grocery service in Japan […]

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Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

Flipkart, the India-based e-commerce firm owned by Walmart, has lost CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and he had served as its CEO since 2016, before going on to become CEO of the Flipkart Group […]

View More Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’

Tiger Global returns with a $3M investment to help restaurants deal with delivery apps

Tiger Global has returned to backing early-stage Indian startups after it wrote a $3 million check for CheckMate, a U.S.-Indian startup the helps restaurant deals with the pain of multiple food ordering platforms. The deal is a Series A and it represents the first time that CheckMate has raised outside funding for its business. It […]

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India’s Meesho, which enables social commerce via WhatsApp, raises $50M

Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means that Meesho, which graduated Y Combinator in 2016, has now raised three funding rounds in the past year. Its $3.4 million Series A came in […]

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As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads

Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the 20-year-old lumbering Pez dispenser of an e-tailer, keeps plugging along. Now, as it manages to eke out another earnings win by matching analysts’ expectations, the […]

View More As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads

Tiger Global is in talks to invest in cryptocurrency unicorn Coinbase at $8B valuation

Coinbase may raise up to $500 million at an $8 billion valuation. The cryptocurrency trading platform has also announced two new high-level hires.

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Amazon makes offline retail push in India

Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is buying up 49 percent of More in a deal that sees Amazon partner and PE firm Samara Capital pick up the […]

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GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in 2011. Today it has five regional offices across the world — covering India, Singapore, Japan, Germany, and the U.S. — three R&D centers and more than 60 […]

View More GreyOrange raises $140M to develop fully-automated robotics for warehouses