Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a “once in a generation founder.” Snap is targeting a valuation of between $19.5 billion… Read more »
By Ishita Russell
Last year Mywish raised $15m from Franklin Templeton International Services India
In the first of a multi-part series, Mint profiles the 40 most influential people in India’s start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most prominently those connected with enterprise software or Software as a Service (SaaS) start-ups that are fast becoming… Read more »
That’s the story of Indian icons Flipkart and Ola, start-ups that went on to become leaders in their respective areas, before looking to government for protection from the same American companies that inspired them, and which, in the case of Flipkart founders, even employed them in the past. The irony… Read more »
India needs to create a level-playing field for start-ups to compete effectively against global companies with significantly larger capital, said Sachin Bansal, co-founder Flipkart Ltd, and Bhavish Aggarwal, co-founder Ola (run by ANI Technologies Pvt. Ltd). “There’s a fair way to compete and there’s a non-fair way to compete. What’s… Read more »
“A startup is a temporary organization used to search for a repeatable and scalable business model”. A great definition from Steve Blank, one of Silicon Valley’s well known educators. What keeps the wheels rolling is that startups discover these scalable models in a very capital efficient way, delivering multiple returns to investors…. Read more »
Microsoft Corp. unveiled a corporate team-chat service that works with its cloud-based Office and Skype products, aiming to take on Slack Technologies Inc. and Atlassian Corp.’s HipChat in a growing market. The new product is “designed to facilitate real-time conversations and collaboration while maintaining and building up that institutional knowledge… Read more »
IBM is teaming up with Slack Technologies Inc. to make it easier for companies to build custom chatbots into the startup’s workplace-messaging systems.
VH Capital, a Mauritus-based fund, besides other angels including Arjun Malhotra and Rohan Malhotra of Investopad, Hong-Kong-based banker Abhishek Jain and head of e-commerce at Mahindra & Mahindra, Jaspreet Bindra were the other investors who participated in the round.
“Last year there were about 12,000 fintech startups, and these companies have raised over $65 billion in private equity money. The single biggest PE money last year went into fintech sector – more than medtech,” Gupta said.