Bansal insisted that the US-based retail giant had, in fact, made a long-term bet on India that would pay off over the next five to ten years.
Ola has raised the round from Hong Kong-based Sailing Capital and China-Eurasian Economic Cooperation Fund (CEECF).
The talks with Hotstar come at a time when demand for video streaming services such as Netflix and Amazon Prime Video offering is at an all-time high.
If the deal goes through, the merged entity could raise $250 million from China’s Alibaba Group Holding Ltd.
Quikr is in talks to raise between $100 million and $150 million by keeping its record valuation of $1 billion.
Flipkart’s valuation was boosted by its units, fashion retailer Myntra and payments app PhonePe.
Flipkart is targeting sales of $1.5-1.7 billion in its annual Big Billion Days sale, nearly double of what it did last year.
Edutech startup Byju’s is in talks with General Atlantic and Temasek Holdings for up to $300 million funding
Amazon Pay India is said to have bought out Tapzo in a cash-and-stock deal, valuing the startup at $30-40 million.
The deal values Paytm at $10-12b, making it India's most valuable consumer internet startup.
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