Search Results for:Mihir Dalal
PE firms are emerging as an important source of capital for tech companies in a late-stage market dominated by likes of SoftBank, Naspers, Tencent and Alibaba.
India’s largest ed-tech firm is seeking a valuation of $1.8-2 billion in its latest round.
Its tech acquisitions will be of a much smaller size —Walmart Labs is mostly looking for acqui-hires and niche tech-product start-ups.
US-based Lightspeed, which has been operating in India for 12 years, launched its first dedicated fund for India in 2015. From that $135 million fund, Lightspeed made about 20 investments, including edutech firm Byju’s, messaging app Sharechat, and Udaan, a marketplace for businesses.
Government agencies including the defence ministry, information technology ministry and the Telecom Regulatory Authority of India (Trai), besides the Reserve Bank of India (RBI), are working on new policies.
The alliance of Flipkart investors represents an extension of the global battle for retail and internet supremacy being fought among American companies Walmart Inc., Amazon.com Inc., Google (Alphabet Inc.) and Microsoft Corp. and Chinese internet giants Tencent Holdings and Alibaba Group Holding Ltd.
Founded in 2013, Oyo operates in more than 150 cities across India, China, Malaysia and Nepal.
Livspace counts Bessemer Venture Partners, Helion Venture Partners, Jungle Ventures and Square among its backers.
Firstcry held funding talks with Temasek last year but the discussions cooled because of differences over valuation.
India is now the its most important market outside the US after it sold its businesses in China and South-east Asia to local start-ups Didi Chuxing and Grab, respectively.