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India: Matrix-backed Stayzilla shuts down, says will ‘reboot’ with different model

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Last year it raised over $13m in a Series C round of funding

(From left) Stayzilla founders Sachit Singhi, Yogendra Vasupal and Rupal Yogendra.
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startups-pixabay
India 2016: Over 200 venture-backed startups shut shop

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 of Sequoia Capital interviews U.S. Treasury Secretary Timothy Geithner during an event at the Commonwealth Club in Palo Alto, California, U.S. October 18, 2010. REUTERS/Kim White/File Photo
Silicon Valley VCs are growing wary of on-demand delivery startups

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. Photo: Aniruddha Chowdhury/Mint
creativity bulb startup pixabay
Visual from Quikr website
Bigbasket. Photo: Aniruddha Chowdhury/Mint
Team Jumbotail Technologies
Visual of Sequoia Capital homepage. November 2015
India: Pivots and consolidation the Sequoia way

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