Ahead of the conclusion of that stake sale, IDBI Bank has brought in consultancy PricewaterhouseCoopers India Pvt. Ltd to help with the process and advise on ways to improve valuations.
By Lizette Chapman
Investors are pushing for startups to behave like their publicly listed counterparts. Even the Securities and Exchange Commission is starting to poke around.
The lack of exits has also led to India’s VC industry having very few professionals with successful track records, and it has also resulted in successful entrepreneurs being unable to redeploy capital in VC firms, he added in an interview.
Fidelity’s monthly reports offer a glimpse into investor concern over the sky-high valuations of some private companies that have over the last few years enjoyed a seemingly unlimited stream of financing from venture capitalists, mutual funds and hedge funds.
Indian startups have raised $3.5 billion in funding in the first half of 2015 and the number of active investors in India has increased from 220 in 2014 to 490 in 2015.
MakeMyTrip Ltd has all the ingredients for online success. First and foremost, it has market leadership in both of its major business segments—online booking of air tickets and hotels and packages, each of which account for 48% of net revenues. It continues to ride the online wave well, and has tapped… Read more »