It is seen as a sign of Kalaari’s willingness to reach a deal with SoftBank.
Differences between Snapdeal investor SoftBank and 2 other shareholders persist.
For VC firms, particularly home-grown ones, any cash is welcome.
Fortigo had raised $2 million in seed funding from both Nilekani and Accel at the time of its launch.
Ola is currently locked in a bruising market share battle against US-based Uber.
He has already committed to spend $5 billion in India
Snapdeal is in a desperate fight to stay afloat as cash reserves dwindle.
Flipkart will get a pre-money valuation of $10 billion in this round.
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