Flipkart has raised a latest round of funding from SoftBank
Vision Fund. This is said to be the biggest ever private investment in an Indian technology company and will make the Vision Fund one of the largest shareholders in Flipkart. Continue reading “SoftBank Vision Fund invests in Flipkart to become one of its largest shareholders”
Apple has invested $2.7 billion (3 trillion Korean Won) in LG Display to secure OLED displays for future iPhones, according to a latest report from The Korea Herald. This year’s iPhone 8 is rumored to sport OLED display instead of LCD display and these will be sourced from Samsung. Continue reading “Apple said to invest $2.7 billion in LG to get OLED panels for future iPhones”
Indian government has finally approved Amazon India’s proposed $500 million investment in food retail. The news comes a month after Food Processing Minister Harsimrat Kaur Badal stated that the government will soon clear the investment. The proposal was pending before the foreign investment promotion board (FIPB) which has been abolished now. Continue reading “Amazon India’s $500 million investment in food retail gets government nod”
Amazon has crossed whopping $2 billion investment mark in India with latest investment,according to a report from the Economic Times. The US based e-commerce major has pumped another Rs. 1640 crore in the country as part of its commitment to invest $5 billion. Continue reading “Amazon crosses $2 billion investment mark in India, invests Rs.1,680 crore”
Foxconn is planning to invest in India, according to a latest report from the Times of India. The Taiwanese contract manufacturer plans to invest up to Rs 32,000 crore ($5 billion) in the country. Foxconn is looking forward for this move as it wants to create a parallel manufacturing hub apart from China. The company is eyeing to scale up India operations in an ‘exponential manner’. Continue reading “Foxconn plans to invest up to $5 billion in India”
Intel has announced an investment of US$178 million in India to expand its R&D presence and build a new design house at Intel’s 44-acre campus on Sarjapur Ring Road (SRR) in Bengaluru, Karnataka. Intel India is Intel’s largest design center outside the U.S.
Continue reading “Intel to invest $178 million in India for R&D innovation”
Micromax has announced that it is setting up an independent fund dubbed as Orbis Capital targeting a capital raise of $75 million. The fund will focus on investing in consumer internet companies both locally and internationally. Continue reading “Micromax sets up $75 million fund to invest in consumer internet firms”
Qualcomm has announced investment of USD 8.5 million for expansion of their design initiatives in India that will be dubbed as Qualcomm Design in India Program (QDIP). The company has unveiled two programs under this initiative. Continue reading “Qualcomm invests $8.5M to push design initiatives in India, Design in India Program announced”
Samsung has announced an investment of more than $1 billion by the end of June 2017 to boost production of system chips at its Austin, Texas, facilities in the United States to meet growing demand. Continue reading “Samsung to invest $1 billion to boost chip production in the US”
SoftBank is all set to invest Rs. 2000 crore in homegrown taxi hailing service Ola, according to a latest report from Economic Times. Ola may raise USD 250-300 million in a new round of funding led by the Japanese telecom and Internet major, and other existing investors may also participate. Continue reading “SoftBank likely to invest Rs. 2000 cr in Ola”
US retail giant is reportedly in talks to invest up to whopping $1 billion in homegrown e-commerce player Flipkart, according to a latest report from Bloomberg.
Continue reading “Walmart to reportedly invest up to $1 billion in Flipkart”
LeEco is joining the bandwagon of other smartphone makers to Make in India. The Chinese smartphone makers has tied up with electronics manufacturer Compal Electronics to set up a smartphone manufacturing unit in Greater Noida.
Continue reading “LeEco kick starts smartphone manufacturing in India, invests $7 million”
WhatsApp co-founder Brian Acton has invested in Trak n Tell, a car tracking telematics solutions provider, according to a latest report from the Economic Times. The amount of the Series A investment is not known.
Continue reading “WhatsApp co-founder Brian Acton invests in Indian car tracking solutions firm Trak N Tell”
Samsung has announced that it will invest $1.2 billion into the United States specifically around the Internet of Things market. The company’s Vice chairman and CEO Dr. Oh-Hyun Kwon announced the four-year R&D plan during an event. Continue reading “Samsung to invest $1.2 billion in IoT R&D”
In a bid to bolster its presence in the car leasing sector in India, Uber has invested Rs 43 crore in Mumbai-based car leasing firm Xchange Leasing, The ride hailing service has pumped this amount between January to March 2016, according to a latest report from LiveMint.
Continue reading “Uber pumps Rs. 43 crore in Xchange Leasing”