Even as 2016 started on a slow note as far as startup investments were concerned, the somber mood did not deter angel investors from backing the new wave of startups. Ratan Tata and Kunal Shah emerged as the most active angel investors in 2016 with both of them having invested… Read more »
By Ishita Russell
Last year it raised over $13m in a Series C round of funding
After the bumper years of 2014 and 2015 that saw a big spike in the number of startups that were founded and funded, 2016 brought in a wave of rationalisation. Not only did the year see a slowdown in the number of private equity and venture capital deals, but it… Read more »
Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups. “The movement of goods and services and people, by easier, more convenient means,” he said… Read more »
Bigbasket, the online grocer which raised $150 million in March, will approach investors again to raise an equal amount of money early next year, according to two people aware of ongoing discussions. “Bigbasket currently has cash to sustain for the next 18 months,” one of the two people cited above… Read more »
With a funding slowdown taking hold over the past six to nine months, many Indian start-ups are looking at new business models and focusing on strategies that can help them survive. Venture capital (VC) investment in India plummeted 58% to $583 million in the June quarter over the previous three-month… Read more »
Hiree will merge with Quikr and the Hiree team, including founders Manjunath Talwar and Abhijit Khasnis, will join Quikr. The combined entity will have more than 4 million active job seekers.
The category had 44 funding rounds in the second quarter, lower than the same period last year. Investor interest in the sector remains depressed, as they try to figure out which one might work best. Deal value in the quarter added up to just $320 million — a nearly 50 per cent drop from Q1’16, and the lowest funding total since Q1’14.
Nearly every venture capital shop active in the Indian market right now is spending considerable time cleaning out its portfolio. Non-performers are being weeded out and available capital is being kept in reserve either for the winners or for new investments