Late last year, Livspace raised $70 million in a Series C funding round led by private equity firm TPG Growth and Goldman Sachs.
The acquisition, Byju’s first ever of a US company, will help the Indian startup expand into a new younger demographic of kids between 3 and 8.
The Four Seasons divestment is a part of its strategy to monetise non-core assets, liquor major USL said.
The company aims to turn profitable by December 2019 to prepare for a potential listing in three years.
Analysts believe online marketplace is likely to find innovative ways to continue offering discounts once the dust around the new rules settles.
With this funding, Swiggy has become the fifth most valuable startup in the country, commanding a valuation of $3.3 billion after the funding
With that investment, the previously bootstrapped startup’s valuation now stands at over Rs 210 crore.
It had previously raised $650,000 in seed funding from Kstart, Kalaari Capital’s seed fund, Venture Highway and TaxiForSure founder Raghunandan G.
Techstars plans to invest $120,000 from its $5 million India corpus into Techstars Bangalore Accelerator, which is set to run from end-January to end-
Startups are not blindly looking at Silicon Valley for talent, but hiring tech executives who have spent at least some time working in Indian internet
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