ALIBABA GROUP TO SHY AWAY FROM INDIAN STARTUPS MOMENTARILY

• China’s largest e-tailer, Alibaba Group is done with investing in Indian startups for the time-being at least, amidst geo-political conflicts arising from border skirmishes.
• The Chinese group which has investments worth around $2 billion lying in Indian startups has come ...

ZOMATO LOSES $100 MILLION FUNDING FROM CHINESE INVESTORS

Highlights:

• In January, Zomato had raised $150 million from Alibaba affiliate Ant Financial as a part of larger funding round.
• Ant Financial has invested already around $560 million in Zomato and has a stake of more than 25 percent in the company...