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Alibaba On A Funding Spree!

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Alibaba On A Funding Spree,Startup Stories,2018 Latest Business News,2018 Best Motivational Stories,Alibaba China Alibaba Business News 2018,Alibaba Funding Updates,Startup Funding India,China Biggest e commerce Platform Alibaba,Online Food Delivery Platform Zomato,Indian Online Grocer BigBasket

Alibaba, China’s biggest e commerce platform, just announced a 56 % increase in the third quarter revenue, shutting down the trade analysts who were all saying that the e commerce platform’s revenues are slowing down. Alibaba saw its shares double up from its original value based on the back of the strong sales system it has been following.

In an attempt at showing the world that it is here to stay, Alibaba just made a host of really interesting investments. Online food delivery platform, Zomato Media Pvt., is going to receive a whopping $ 200 million from Alibaba on the basis of a stock exchange format. This move proves the fact that Alibaba is ready to expand its interests into other areas as well.

InfoEdge, a 45% stake holder in Alibaba, has decided to divest 6.66% for $ 50 million in Zomato either directly or through its wholly owned subsidiary, Naukri Internet Services Pvt Ltd. This would value the Gurgaon-headquartered Zomato at around $ 760 million. The Jack Ma led Alibaba has signalled a strong interest in increasing its hold on the e commerce front.

At the moment, Alibaba is already a leading investor in online payments facilitator platform, Paytm. Apart from professing an interest in investing in Zomato, the Jack Ma led Alibaba led a $ 300 million investment round in online grocer, BigBasket. India’s online retail grocery platform is already quite huge and stands at a valuation of $ 900 million, with BigBasket making up for around $ 700 million of the total.

Through this funding, BigBasket aims at squashing its competitors (Flipkart Online Services Pvt. and Grofers.) The company will deploy the funds into building farmer networks, warehouses and delivery infrastructure with a goal to penetrate deeper into the more than two dozen cities it currently operates in.

On the other hand, Zomata has one major food delivery platform as its rival, Swiggy. Through this round of investment from Alibaba, Zomata firmly places itself at the higher end of the spectrum and has a valuation that far exceeds the valuation of Swiggy.  Alibaba is expected to own around 26% stake in Zomato after the $200 million sale via primary and second transactions. InfoEdge’s stake would come down to 31%.

 

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Amazon India Launches At-Home Diagnostic Service, Expands Healthcare Ecosystem

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Amazon India has expanded its healthcare portfolio with the launch of Amazon Diagnostics, an at-home diagnostic testing service developed in partnership with Orange Health Labs. Now available in six major cities—Bengaluru, Delhi, Gurgaon, Noida, Mumbai, and Hyderabad—the service covers over 450 PIN codes and offers access to more than 800 diagnostic tests. Customers can book tests via the Amazon app, schedule home sample collection within 60 minutes, and receive digital reports for routine tests in as little as six hours, making healthcare more accessible and convenient than ever before.

This launch completes Amazon’s integrated healthcare suite in India, which already includes Amazon Pharmacy for medicines and Amazon Clinic for virtual doctor consultations. By bringing these services together under the Amazon Medical umbrella, the company enables a seamless outpatient journey—from doctor consultation to lab testing and medicine delivery—all managed through a single digital platform. The partnership with Orange Health Labs ensures high-quality, reliable diagnostics, supported by Amazon’s operational expertise and focus on customer trust.

Amazon’s entry into the $15 billion Indian diagnostics market signals a major shift in the country’s health-tech landscape, introducing new competition for established diagnostic players. Rather than competing solely on price, Amazon is prioritizing a seamless, trustworthy experience, aiming to address the growing demand for digital healthcare solutions and simplify access for millions of users across India.

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Bhavish Aggarwal’s Krutrim Unveils ‘Kruti’ — An Agentic AI Built for Bharat

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Bengaluru, June 2025 – Krutrim, the AI startup founded by Ola’s Bhavish Aggarwal, has launched its new agentic AI assistant, Kruti. Unlike traditional virtual assistants, Kruti is designed with an Indian-first approach — combining cultural context, multilingual capabilities, and generative AI to offer a more intuitive, task-oriented experience for users.

Kruti is built to do more than just respond to queries — it can independently perform tasks, make decisions, and integrate across platforms for productivity and communication. Powered by Krutrim’s proprietary Indian-trained language model, it brings a deep understanding of local languages and digital behaviors, catering to both personal and business needs in the Indian ecosystem.

Aggarwal described Kruti as “India’s digital brain,” highlighting its role in redefining AI for Bharat. The assistant will be rolled out in phases, starting with enterprise partners and expanding through apps and APIs. As Kruti integrates into various platforms — including Ola’s services — it marks a significant stride in India’s ambition to lead the global AI race.

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Bankruptcy Forces BYJU’S to Offload Epic and Tynker for a Fraction of Acquisition Cost

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BYJU’S, once India’s most celebrated edtech startup, has sold its major US-based subsidiaries Epic and Tynker for a fraction of their original purchase prices, marking a dramatic reversal in its global expansion strategy. The distressed sales, approved by a US bankruptcy court on May 20, 2025, come amid the company’s ongoing financial and legal turmoil. Tynker, a coding education platform acquired by BYJU’S in 2021 for $200 million, was sold to CodeHS for just $2.2 million in cash, while Epic, a digital reading platform bought for $500 million in 2022, was acquired by China’s TAL Education Group for $95 million.

These fire-sale transactions were part of a broader restructuring effort to address disputes with lenders after BYJU’S defaulted on a $1.2 billion loan, which triggered bankruptcy proceedings for its US entities. The company’s US unit, Byju’s Alpha, became the focal point of legal battles, including allegations of mismanagement and the misappropriation of funds by top executives. Court rulings in the US have highlighted instances of fraudulent transfers and breaches of fiduciary duty by suspended directors, further compounding BYJU’S woes.

As BYJU’S scrambles to stabilize its core operations, several of its other high-profile acquisitions, such as Great Learning and Aakash Institute, have started operating independently and distancing themselves from the parent company. The massive losses from the sales of Epic and Tynker underscore the risks of BYJU’S aggressive acquisition spree and the severe impact of its financial mismanagement, leaving the future of the once high-flying edtech giant in question.

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