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Mar 20, 2015

Investors fret over exit as prices for start-ups soar

MUMBAI (Reuters) – As billions of dollars flow into India’s booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings and limit their options when it comes to turning paper profits into cash.

India’s rising number of smartphone users, cheaper internet costs and a vast middle class have turned it into one of the hottest markets for investors such as Singaporean wealth fund Temasek Holdings, venture capitalists Accel Partners and Japan’s SoftBank Corp.

Mar 20, 2015

Investors fret over exit as prices for India’s start-ups soar

MUMBAI, March 20 (Reuters) – As billions of dollars flow
into India’s booming online economy, some investors are
beginning to fret that soaring valuations could hamper market
listings and limit their options when it comes to turning paper
profits into cash.

India’s rising number of smartphone users, cheaper internet
costs and a vast middle class have turned it into one of the
hottest markets for investors such as Singaporean wealth fund
Temasek Holdings, venture capitalists Accel Partners
and Japan’s SoftBank Corp.

Mar 12, 2015

Snapdeal drums up custom in Slumdog’s Dharavi

MUMBAI, March 12 (Reuters) – For viewers of Oscar-winning
film “Slumdog Millionaire”, Mumbai’s vast Dharavi slum is a
byword for poverty, but to online retailer Snapdeal.com it is a
battleground for new customers and, it hopes, a source of better
margins.

The company’s aspirations are backed up by serious
investment from the likes of Japan’s Softbank Corp,
which ploughed $627 million into Snapdeal last October, and
could soon get a boost from Chinese e-commerce giant Alibaba
Group, which is in talks for another cash investment, a
source told Reuters on Wednesday.

Mar 3, 2015

Indian taxi group Ola steps up expansion drive

MUMBAI (Reuters) – Ola, India’s largest online taxi business, will more than double its reach by expanding into 200 cities after this week’s acquisition of rival TaxiForSure handed it control of more than 80 percent of the country’s organized cab market.

The company aims to capitalize on India’s low level car ownership, with urbanites deterred by both the expense and the lack of parking space, its 29-year-old Chief Executive Bhavish Aggarwal told Reuters on Tuesday.

Mar 3, 2015

Taxi group Ola steps up expansion drive

MUMBAI (Reuters) – Ola, India’s largest online taxi business, will more than double its reach by expanding into 200 cities after this week’s acquisition of rival TaxiForSure handed it control of more than 80 percent of the country’s organised cab market.

The company aims to capitalise on India’s low level car ownership, with urbanites deterred by both the expense and the lack of parking space, its 29-year-old Chief Executive Bhavish Aggarwal told Reuters on Tuesday.

Feb 27, 2015

Coffee’s hot as IPO could value Cafe Coffee Day at $1 billion

MUMBAI (Reuters) – The firm behind Cafe Coffee Day, India’s biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country’s burgeoning cafe culture draws global giants Starbucks(SBUX.O: Quote, Profile, Research) and McDonald’s(MCD.N: Quote, Profile, Research).

Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of the plans said.

Feb 27, 2015

Coffee’s hot as IPO could value India’s Cafe Coffee Day at $1 bln

MUMBAI, Feb 27 (Reuters) – The firm behind Cafe Coffee Day,
India’s biggest homegrown coffee chain, is set for a market
debut that could value it at almost $1 billion, even as the
country’s burgeoning cafe culture draws global giants Starbucks
and McDonald’s.

Cafe Coffee Day, a cafe pioneer in India, aims to list a 20
percent stake, raising roughly $200 million, within the next
quarter, sources with direct knowledge of the plans said.

Feb 23, 2015

Retail dilemma in India: nice malls are few and far between

NEW DELHI/MUMBAI, Feb 24 (Reuters) – A severe shortage of
attractive malls has made setting up shop in India easier said
than done, crimping expansion plans for both foreign retailers
such as Lacoste and domestic giants like department store chain
Shoppers Stop.

India’s searing heat, heavy traffic and cluttered pavements
make malls the most popular option for urban middle class
consumers looking for a day out. But many centres – despite
having been built in the last decade – are struggling to draw
shoppers or retailers because of poor design or because they are
difficult to manage.

Feb 20, 2015

Indian IT firms eye robotics, driverless cars for next round of growth

MUMBAI (Reuters) – After decades of low-margin work like server maintenance, India’s information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients’ needs.

Companies from Tata Consultancy Services Ltd to Wipro Ltd are all joining Infosys Ltd in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought U.S. automation specialist Panaya Inc for $200 million.

Feb 17, 2015

RIL, seven others apply to bid for mobile airwaves – sources

MUMBAI (Reuters) – India’s Reliance Industries (RELI.NS: Quote, Profile, Research) and seven other firms including top mobile phone operator Bharti Airtel (BRTI.NS: Quote, Profile, Research) have applied to participate in next month’s auction for mobile phone airwaves, several people directly involved in the process said.

Others firms which have submitted applications for the auction that will start on March 4 include the local unit of Vodafone Group Plc (VOD.L: Quote, Profile, Research), Reliance Communications (RLCM.NS: Quote, Profile, Research), Idea Cellular (IDEA.NS: Quote, Profile, Research), and Tata Teleservices, the people said.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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