Tiger Global Management

India: Flipkart said to raise $1b with plans for $1b more

By
Posted

Flipkart Online Services Pvt Ltd has completed a $1 billion fundraising and aims to raise as much as $1 billion more over the next few months, according to people familiar with the matter, giving India’s largest e-commerce company capital to battle back against rising competition. Flipkart closed the latest round on… Read more »

The Flipkart delivery process. Photo: Bloomberg
(From left) Stayzilla founders Sachit Singhi, Yogendra Vasupal and Rupal Yogendra.
It may get worse before it gets better for Indian startups

By most accounts, Yogendra Vasupal, co-founder and chief executive officer of Chennai-based budget stays aggregator Stayzilla, is a decent human being and the least likely of people in India’s bustling start-up market to cheat anybody. Yet, on Tuesday, Vasupal was arrested by local authorities in Chennai on charges of defrauding… Read more »

Image sourced from magicbricks.com
rupee-mint
Photo: Mint
Kunal Bahl, CEO of India's e-commerce firm Snapdeal, speaks during an interview with Reuters in Mumbai, India, February 6, 2017. REUTERS/Shailesh Andrade
Temasek brand logo (from its social media page)
Grofers. Photo: Ramesh Pathania/Mint
Letters spell the word "Alphabet" as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France, August 11, 2015.   REUTERS/Pascal Rossignol
exit pixabay