Anirban Sen

India: IDG Ventures India, Axilor form JV to invest in tech startups

IDG recently closed its third India fund at $200 million.

India: Morgan Stanley marks down Flipkart’s valuation again amid fundraising talks

This is 5th consecutive quarter of marking down the value of Flipkart’s shares

India: Flipkart in talks with Tencent,Microsoft, others for up to $1.5b fundraising

Flipkart is also in talks with eBay, PayPal and Google Capital

India: Myntra to invest in 15-20 brands with Brand Accelerator programme

Flipkart-owned fashion retailer Myntra plans to invest in and forge strategic partnerships with at least 15-20 local fashion brands as part of its new accelerator programme and is simultaneously looking to bring more international brands to its marketplace this year, a top company executive said. Myntra, which launched its Brand… Read more »

Flipkart outsells Amazon in Dec, Jan on bumper smartphone sales

Flipkart pulled in gross sales of more than Rs 2,600 crore in both months.

India: Top-level exodus continues at Ola, after Rajiv Bansal’s exit

Ola, India’s largest ride-hailing service, continues to witness a spate of top-level departures, at a time when the Bengaluru-based start-up is locked in a fierce market-share battle with Uber and is almost certain to raise its next round of funding at a lower valuation. Apart from the exits of chief… Read more »

India: Myntra co-founder Ashutosh Lawania quits

Online fashion retailer Myntra on Thursday named marketing chief Gunjan Soni the new head of Jabong, a rival it bought last July, and said its co-founder Ashutosh Lawania has quit to start a new venture. The Flipkart-owned company is in the process reshuffling its top deck following the departure of… Read more »

India: Ola CFO Rajiv Bansal quits, Pallav Singh to be interim replacement

Ride-hailing service Ola’s chief financial officer (CFO) and former Infosys veteran Rajiv Bansal has resigned, according to at least three people familiar with the matter. Ola has named operations head Pallav Singh as its interim CFO, these people said, on the condition of anonymity. An Ola spokesperson declined to comment…. Read more »

India: Axilor Ventures doubles size of its startup incubator programme

Axilor was launched by IT veterans led by Infosys co-founders Kris Gopalakrishnan and SD Shibulal.

India: Stellaris Venture Partners raises $50m for tech-focused fund

This is part of its first close for its new $100 million fund.