Deal size expected to be Rs1,670 crore, valuing TVS Logistics at Rs3,800 crore; private equity investors KKR and Goldman Sachs to sell stake
By Juliet Shwe Gaung
EasyLife has got a US$273 million investment lead by H Capital.
We expect to be profitable by the first half of 2017 and are eyeing an IPO in the same year – Sandeep Sethi, founder, Shopclues.
The five-year-old Chennai-based firm had acquired Konotor, which helps businesses chat with their consumers inside apps, last December; Frilp, a social recommendation app in October; and 1CLICK.io, a video chat platform in August.
Tiger Global Management still likes Amazon, Netflix and JD.com, which fueled last year’s positive returns, even as their stock tumbled in January, leaving the hedge fund with a double digit loss at the start of the year.
If the current generation of unicorns is struggling to attract investors, future aspirants such as OYO can ill afford to alienate customers such as Thelakkat on account of misplaced priorities and badly managed businesses.
CommonFloor’s inability to raise fresh capital despite being backed by deep-pocketed investors signals changing realities in India’s start-up market.
A real estate boom a decade ago and the success of online property sites such as Zillow and Trulia in the US had spawned local copycats such as 99acres and Commonfloor. Almost a decade later, online real estate businesses are bearing the brunt of a slowdown in demand, their travails… Read more »
This is the third acquisition by the US-based Freshdesk, which has so far raised $95 million from venture capital firms Accel Partners, Google Capital and Tiger Global Management LLC.
Customers will be able to use the apps of the 4 online taxi firms when in India, China, the US, Singapore and Southeast Asia