RBI Will Now Enable E-Mandate For Recurring Payments Up To $279 Mn The Reserve Bank of India (RBI) permitted processing of e-mandate on credit and debit cards for recurring transactions (merchant payments) with a cap of INR 2,000 from September. Read More Grofers receives $70 Mn Series F tranche from Softbank at $567 Mn valuation…

One of the biggest funding this week has been raised by online reseller network Meesho, raising $125 Mn in a round led by Naspers Bnegaluru based Meesho has raised $125 million in a round led by South Africa’s Naspers with participation from Facebook and existing investors SAIF, Sequoia, Shunwei Capital, RPS and Venture Highway Read More ShareChat raises…

Uber Loss Touches $5.2 Bn, Even As Revenue Remains Stagnant Uber just reported its second quarterly earnings ever as a public company, and that’s a lot of red ink. The ride-hailing giant losing a whopping $5.2 billion in the second quarter as compared to $3.7 Bn in the first quarter of 2019. Read More UrbanClap Inches Closer To Unicorn…

Swiggy To Raise A $750 Mn Funding  Food delivery unicorn Swiggy is to raise a $700-$750 Mn funding round led by its existing investor Naspers. Read More Acquiring Flipkart Made Walmart India’s Leading Retailer In 2018, Walmart acquired Flipkart for $16 Bn and the deal has now made Walmart a leading retailer in India. Read More…