TiE Delhi-NCR Newsfeed | May 10th 2018
 INDUSTRY NEWS
Walmart acquires Flipkart for $16 bn, world’s largest ecommerce deal – ET Rise
US retail giant Walmart Inc will pick up a 77% stake in India’s largest online retailer Flipkart for $16 billion, successfully concluding more than 20 months of talks, in what will be the country’s largest acquisition and the world’s biggest purchase of an ecommerce company. It will include $2 billion of fresh investment as Walmart looks to take on rival Amazon’s global expansion, pegging the value of Flipkart at $22 billion.
Dassault Systemes launches campaign to strengthen Indian SMEs –ET Rise
With the aim to connect with small and medium enterprises (SMEs) and industrial hubs in tier II cities in India, 3D Experience major Dassault Systemes on Wednesday flagged off the “3DEXPERIENCE on WHEELS 2018” campaign to showcase the 3DEXPERIENCE platform. The 3DEXPERIENCE platform is a business experience platform available on-premise and on Cloud to enable customers to create delightful experiences for their consumers.
STARTUP & INVESTOR NEWS
Venture debt firm Alteria Capital has invested Rs15.5 crore in Toppr Technologies Pvt Ltd, which runs an eponymous learning platform. Toppr, founded in 2013, offers learning programs focused on school curriculum and test preparation for major engineering and medical entrance exams in India.
Read More On: LiveMint
Charcoal Eats, a chain of quick-service restaurants, on Wednesday said it raised Rs5 crore in a pre-series-A round to fund its expansion. The capital will allow Charcoal Eats to increase its footprint across new geographies and consolidate its presence in existing markets, besides funding brand building initiatives.
Read more on: LiveMint
OTHER NEWS

Facebook witnesses its biggest ever management reshuffle, launches blockchain division – ETTech – Facebook Chief Executive Mark Zuckerberg has ordered one of the biggest management shakeups in the history of the social network, giving more responsibility to his chief product officer and launching a blockchain division.

Google pitches artificial intelligence to help unplug – ET Tech – Google has unveiled an artificial intelligence tool capable of handling routine tasks — such as making restaurant bookings — as a way to help people disconnect from their smartphone screens.
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This newsletter is a daily Funding/Investor/Startup News spotter that highlights the most recent stories and news from Delhi, India. We’re always on the lookout for more interesting news and insights, so feel free to share any you might have.