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Indian logistics startup Xpressbees raises $110 million

Indian logistics startup Xpressbees raises 0 million Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, said on Monday it has raised $110 million in a new financing round as online shopping booms in the world’s second largest internet market. The Pune-headquartered startup’s Series E financing round was led by […]

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Transportation on the ballot, Softbank parks its money in REEF and Tesla Tequila arrives

Transportation on the ballot, Softbank parks its money in REEF and Tesla Tequila arrives The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Welcome back to The Station, a newsletter dedicated to all the present and future […]

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Amazon to invest $2.8 billion to build its second data center region in India

Amazon to invest .8 billion to build its second data center region in India Manish Singh Contributor Manish Singh covers India for TechCrunch. Prior to this, he wrote for VentureBeat, CNBC, The Outline, CNET, and Mashable. You can reach out to him at manishsingh at pm dot me More posts by this contributor PUBG Mobile […]

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Amazon launches its first Amazon Air regional hub in Europe

Amazon launches its first Amazon Air regional hub in Europe Amazon has officially started operations at its first European Amazon Air hub, based out of the Leipzig/Halle Airport in Germany. The new facility spans 20,000 square meters (65,600 square feet) and will host two Amazon-branded Boeing 737-800 aircraft, brining the company’s total operational air fleet […]

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Q3 earnings find Apple and Google looking to the future for hardware rebounds

Q3 earnings find Apple and Google looking to the future for hardware rebounds “5G is a once-in-a-decade kind of opportunity,” Tim Cook told the media during the Q&A portion of Apple’s Q3 earnings call. “And we could not be more excited to hit the market exactly when we did.” The truth of the matter is […]

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Amazon pegs COVID-19 costs at an estimated $4 billion next quarter

Amazon pegs COVID-19 costs at an estimated billion next quarter Amazon expects to incur $4 billion in COVID-related costs next quarter, an estimate that provides a bellwether for other businesses, large and small, trying to stay operational and control expenses amid the pandemic. The upshot: Amazon is planning for COVID to remain an unwelcome companion […]

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Hej! Amazon opens Amazon.se in Sweden to expand in Europe

Hej! Amazon opens Amazon.se in Sweden to expand in Europe Amazon is the biggest online retailer in Europe, and today it took the next step in making that effort more localized. The company has launched a dedicated portal for Sweden at Amazon.se — giving Swedish shoppers, third-party merchants, and itself, a local URL — and […]

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Panoply raises $10M for its cloud data platform

Panoply raises M for its cloud data platform Panoply, a platform that makes it easier for businesses to set up a data warehouse and analyze that data with standard SQL queries, today announced that it has raised an additional $10 million in funding from Ibex Investors and C5 Capital. This brings the total funding in […]

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Reliance says its $3.4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order

Reliance says its .4 billion deal with Future Group ‘fully enforceable under Indian law’ despite Amazon winning an arbitration order Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for $3.4 billion — against which Amazon has filed a legal proceeding — is fully enforceable […]

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India’s Flipkart buys over $200 million stake in Aditya Birla Fashion and Retail

India’s Flipkart buys over 0 million stake in Aditya Birla Fashion and Retail Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes further push into the fashion category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in […]

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