Although valuations have fallen significantly, investor interest in injecting capital into Indian start-ups remains subdued, says Chua Kee Lock, group president and chief executive officer of Vertex Venture Holdings Ltd, Singapore’s largest venture capital (VC) firm with $1 billion under active management. Vertex is the venture capital (VC) arm of Singapore’s… Read more »
By Ishita Russell
If successful, it will be the biggest deal India’s cash-strapped e-comm market.
While Flipkart is looking at acquiring rival eBay’s India operations as part of its $2 billion funding plan, another e-commerce major Snapdeal is planning to exit its TV shopping joint venture with DEN Networks. Flipkart looks to acquire eBay India operations Country’s largest e-commerce company Flipkart is looking to acquire eBay’s… Read more »
Online marketplace Snapdeal, which has been struggling to raise fresh funds, is in preliminary talks with two of its biggest rivals—Paytm E-Commerce Pvt. Ltd and Flipkart India—for a potential sale that could value the company at less than the total equity raised by parent Jasper Infotech Pvt. Ltd, according to… Read more »
Online hotel aggregator has shutdown operations, while Snapdeal is facing the exit of two more senior executives. After Stayzilla, online hotel aggregator RoomsTonite shuts shop Close on the heels of the much talked about shut down of Stayzilla, another online hotel aggregator, RoomsTonite has shut shop, said a Times of India… Read more »