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Despite TikTok Scrutiny, ByteDance To Invest $1 Bn In India

Friday, April 19, 2019, 5:43 PM

Days after ByteDance's TikTok was removed from Google and Apple app stores in India, the Chinese social networking company has said it is planning to invest $1 billion in the country. ByteDance said it has already invested $100 million in Helo, Vigo, and TikTok apps and added it wants to launch another content/entertainment app in India next month.
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Walmart tops up PhonePe wallet with Rs 743 crore

Friday, March 22, 2019, 5:03 PM

Walmart has pumped in Rs.743 crore in its Flipkart-owned digital payments subsidiary PhonePe as a part of its $500-million planned investment. The funding came from PhonePe's Singapore registered parent entity PhonePe Pvt Ltd, earlier known as Flipkart Payments. This comes as PhonePe is planning to invest around Rs.500 crore over advertisements and promotions, especially on the upcoming IPL season.
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Ola Gets $300 Million Investment From Hyundai, Kia

Tuesday, March 19, 2019, 10:33 AM

South Korean automakers Hyundai Motor and Kia Motors will together invest $300 million (roughly Rs. 2,051 crores) in Indian ride-hailing platform Ola, Hyundai Motor and Ola said on Tuesday. The three companies will collaborate to develop fleet and mobility solutions, electric vehicles and infrastructure specific to the Indian market, they said in a joint statement.

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