Search Results for:Anirban Sen
Chinese internet firm Meituan-Dianping has also invested in the latest round.
Firstcry held funding talks with Temasek last year but the discussions cooled because of differences over valuation.
Parameswaran’s appointment comes at a time when Uber is engaged in market share battles in the Asia Pacific region against local rivals such as Ola
Cisco Systems Inc., which has acquired over 200 companies over the past three decades.
The latest numbers indicate that Ola has managed to hold its own against Uber in India over the past 18-24 months.
Overall sales of the e-tailing major grew at a slower-than-expected 15% rate to $334.1 million.
ToneTag’s existing investors include Manipal Global Education chairman Mohandas Pai, PremjiInvest’s chief investment officer T.K. Kurien and Facebook executive Anand Chandrasekaran. The start-up is also in talks with other strategic investors.
Ashish Gupta had invested Rs10 lakh in Flipkart in 2009. He has made several other astute bets, including MuSigma and MakeMyTrip. At least three other investments in India have yielded big gains: cloud computing platform Minjar was bought by Nutanix this year, Merittrac was bought by Manipal in 2016 and IT services firm Daksh by IBM in 2004.
Start-up funding is expected to rise, and the number of ventures starting out is also expected to increase.
Flipkart will look at more buys but they will be heavily capability driven, says Flipkart co-founder and group CEO Binny Bansal.