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SoftBank To Buy More Flipkart Shares At A Reduced Valuation

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SoftBank To Buy More Flipkart Shares At Reduced Valuation,Startup Stories,Latest Business News in India 2017,SoftBank Offers To Buy More Flipkart Shares,SoftBank Business News 2017,Flipkart Shares Reduce,Flipkart Business Updates 2017,SoftBank And Flipkart Latest Deal

SoftBank, the Masayoshi Son led venture capital firm, offered to buy out more of Flipkart’s shares. The Japanese firm is offering $ 85 to $ 89 per share to investors and former and existing employees of Flipkart.

However, the current price SoftBank is offering for the shares will value the ecommerce company at $ 10 billion, which is lower than its existing $ 11.6 billion valuation. SoftBank’s $ 1.4 billion investment in Flipkart along with the second round of investment from Microsoft, eBay and Tencent Holdings Ltd., in April helped the ecommerce firm secure the $ 11 billion valuation.

SoftBank’s investment gave Flipkart the firepower to compete with Amazon in an all out battle to capture the Indian ecommerce industry. Last week, Tiger Global Management sold 10% of its stake in Flipkart worth $ 600 million to $ 700 million to SoftBank. According to a news daily, Accel, IDG Ventures, Kalaari Capital and some other investors may also sell their shares to the venture capital firm. The sale of these shares will be managed by investment bank Goldman Sachs. Sources close to the development said the shares sale is likely to be completed by the end of December 2017.

In November this year, mutual fund investor Valic Co., marked down the valuation of Flipkart to $ 7.9 billion from $ 11 billion. Sources close to the development said the trimming was an indication that some of the smaller investors of Flipkart were divided over its previous valuation. Nevertheless, the mutual fund investor Morgan Stanley marked up the valuation of the ecommerce behemoth to $ 9.36 billion for the September quarter. The global financing services provider has previously marked down Flipkart’s valuation for five consecutive quarters. Although the current valuation is still considerably lower than the valuation at which Flipkart raised funds, the mark up can be seen as a major victory for the ecommerce firm.

According to a report by Morgan Stanley, India will be the world’s 3rd largest economy with a Gross Domestic Product (GDP) of $ 6 trillion in the next 10 years. The report further added, the Indian ecommerce market will touch the $ 200 billion mark by 2027.

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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