Category: Start Ups

Alibaba is making moves in the world’s fastest-growing e-commerce market

Amazon's foremost competitor in Asia, Alibaba, is slowly yet steadily gaining a foothold in India, the world's fastest-growing e-commerce market.  The Chinese internet giant has started working out of a shared office space in India's Silicon Valley, Economic Times reports.  This comes a few months after Alibaba announced its first India office in Mumbai a stone's throw away from rival Amazon's headquarters. SEE ALSO: Softbank reportedly wants to merge India's top online retailers to take on Amazon Alibaba has rented 30 seats in a flexible office in Bangalore through a deal with CoWrks, one of the largest commercial real estate developers in the city. Its human resources, admin and operations teams work out of this space.  Read more...More about Workplace, Online Retail, Southeast Asia, India, and China

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Sorry, Lyft, but being less awful than Uber doesn’t make you ‘woke’

If Silicon Valley is the land of self-congratulatory BS, then Lyft President John Zimmer just made a play for the crown.  As his ride-hail company continues to benefit from the ongoing struggles of its top rival Uber, the extremely rich executive took a moment out of his busy schedule rescuing kittens or whatever to chat it up with Time.  The topic du jour? How his San Francisco-based company is less a Peter Thiel-backed behemoth working with General Motors to automate its drivers out of jobs than a thoughtful and do-gooding corporate citizen.  "We’re woke," the questionably woke exec told Time. "Our community is woke, and the U.S. population is woke." Read more...More about Uber, John Zimmer, Ride Hailing Apps, Woke, and Lyft

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How taking the wrong funding will kill your business — an interview with Infusionsoft CEO Clate Mask

Small businesses, as the saying goes, need all of the help they can get these days. Clate Mask, CEO and cofounder at Infusionsoft, is one who helps small businesses and lends a hand. Mask is a visionary leader who took Infusionsoft from a struggling startup to an eight-time Inc. 500/5000 winner. Clate has helped this company land four rounds of venture capital, including a $55 million Series D led by Bain Capital Ventures with contributions from prior investors that included Signal Peak Ventures and Goldman Sachs. Clate Mask has been named an Ernst & Young Entrepreneur of the Year finalist, a Top 100 Small Business Influencer by Small Business Trends, one of the 100 Most Intriguing Entrepreneurs of 2013 by Goldman Sachs, and Business Leader of the Year by the Arizona Technology Council. Mask also co-authored the New York Times bestseller, “Conquer the Chaos: How to Grow a Successful Small Business Without Going Crazy.” Read more...More about Business, Startups, Entrepreneur, and Business

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Softbank reportedly wants to merge India’s top online retailers to take on Amazon

Japanese telecom giant and startup investor, Softbank, wants India's top two online retailers to join forces to fight Amazon in the country. Softbank is reportedly "orchestrating" a merger between Flipkart, India's biggest online retailer, and rival Snapdeal, and could possibly have a deal by the end of next  month.  SEE ALSO: India's biggest online retailer is acquiring eBay's India business, report says Interestingly, Softbank is the largest investor in Snapdeal with a 30 percent share.  Snapdeal though is struggling to survive in the face of stiff domestic competition, especially after the aggressive expansion of Amazon which is now the second-biggest online retailer in the country.  Read more...More about Investing, Startups, Online Retail, Ecommerce, and Flipkart

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