Startup Saturday: SoftBank Looking to Pump $300-$500 million in Swiggy & Flipkart's legal Spat with GOQii Puts Walmart in a Challenging Spot

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  1. Swiggy and Zomato are at war and SoftBank might add fuel to the fire. The Japanese conglomerate is reportedly looking to pump $300-$500 million in the Swiggy.
  2. Paytm is all set to hit another milestone. The digital payments company announced that it is looking to more than double its transaction volume to 12 billion by end of 2019-20, from 5.5 billion in 2018-19.
  3. In mergers and acquisitions this week, Binny Bansal backed startup Acko has acquired car retailing platform Vler.
  4. Flipkart’s legal spat with GOQii over deep discounting has put Walmart in a challenging spot. The intensifying battle which has won the support of small business traders now requires the Walmart owned unit to take action.

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