Tag "eBay"

Flipkart acquires eBay India biz; raises a whopping $1.4bn from Tencent, eBay & Microsoft

Marking the biggest investment till date in the Indian Internet sector, Flipkart has raised a whopping $1.4bn from Tencent, eBay and Microsoft in its latest and 11th funding round. As per a company statement the latest investment was done at a post-transaction valuation of $11.6bn.

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to

Morgan Stanley marks down Flipkart valuation to $5.37bn

By : CIOL Writers

In a fifth-consecutive markdown for India’s largest e-commerce startup Flipkart, a mutual fund managed by Morgan Stanley has marked the value of their Flipkart shares at $50.51 per share as of December 2016. This is down 3.1 percent from $52.13 per

eBay India laying off 100 employees from its Bangalore tech team

By : CIOL Writers

Looks like Trump effect is already working. eBay is laying off nearly 100 odd employees from its product and technology team in Bangalore and shifting work to other global centres. “As a normal course of business, eBay regularly reviews its

eBay acquires image processing expert Corrigon

By : CIOL Writers

In a bid to bring better image recognition into its online marketplace, eBay has announced the acquisition of Israel-based startup Corrigon that excels in image processing and computer vision. “As we continue to evolve the eBay shopping experience, Corrigon’s technology

eBay acquires Ticket Utils, incorporating tech to StubHub

By : CIOL Writers

Barely three days after buying Israeli startup SalesPredict that uses advanced analytics to predict customer buying behavior and sales conversions, eBay has announced another acquisition Ticket Utils, a company that built a system for managing the distribution of tickets to

eBay buys Israeli startup SalesPredict to boost its machine learning

By : CIOL Writers

eBay is buying predictive analytics startup SalesPredict in a move designed to improve its “artificial intelligence, machine learning, and data science efforts.” The financial terms of the deal have not been revealed but it’s being said that an undisclosed number

Intex launches entry level smart phone on eBay

MUMBAI, INDIA: Intex has launched its entry level smart phone named Cloud N exclusively on eBay India. Priced at Rs 4,199, Intex claims that Cloud N is the only smart phone in the sub Rs 5,000 category that comes with 1GB