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.
Amazon is now the biggest ad spender in e-commerce firms.
Vasupal was arrested on charges of defrauding an ad agency
Myntra, Voonik, Limeroad and Nykaa are seeing strong demand
AI start-ups from India are slowly starting to go mainstream and are among the hottest focus sectors.
IDG recently closed its third India fund at $200 million.
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