On the heels of acquiring online fashion store Myntra, e-commerce major Flipkart has raised $210 million from DST Global and existing investors Tiger Global, Naspers, and Iconiq Capital. It's not clear as to where the company plans to use the investment raised but it's possible that the company will be using this investment to fund the Myntra acquisition among others. Last week, the company had mentioned that it will be investing upward of $100 million into Myntra in the near future. Post acquisition, Myntra CEO Mukesh Bansal had joined Flipkart board and was heading Flipkart's fashion business. Interestingly though, when Flipkart CEO Sachin Bansal was asked if the company was looking to raise any further investment following the Myntra acquisition last week, he had mentioned that the company was well-funded at the moment, having raised a significant round in October last year.…
- Centre may replace DPA with a grievance redressal mechanism in new privacy Bill August 19, 2022
- India’s I&B ministry blocks eight YouTube channels for ‘spreading fake news’ August 18, 2022
- Delhi police’s reply to IFF RTI shows FRT may worsen religious-bias in policing August 18, 2022
- Attend Our Briefing: Impact Of The Competition Bill On Startups August 18, 2022
- TLDR: Assam internet block, India G24, TikTok, Twitter, Big Tech, drones for healthcare, more August 18, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...