Search Results for:Mihir Dalal

Late-stage Indian startups catch fancy of PE investors

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: Edtech startup Byju’s in talks with Tencent, others for $150m funding round

India’s largest ed-tech firm is seeking a valuation of $1.8-2 billion in its latest round.

After Flipkart deal, Walmart now trains sights on small Indian tech acquisitions

Its tech acquisitions will be of a much smaller size —Walmart Labs is mostly looking for acqui-hires and niche tech-product start-ups.

Lightspeed India raises $175m for second fund

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.

India mulls safeguards in the face of China’s growing tech clout

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.

Walmart gathers allies in war against Amazon and Alibaba

The alliance of Flipkart investors represents an extension of the global battle for retail and internet supremacy being fought among American companies Walmart Inc., Inc., Google (Alphabet Inc.) and Microsoft Corp. and Chinese internet giants Tencent Holdings and Alibaba Group Holding Ltd.

Oyo reveals plans for China after establishing presence in 26 cities

Founded in 2013, Oyo operates in more than 150 cities across India, China, Malaysia and Nepal.

Home decor startup Livspace in talks with Verlinvest, Ratan Tata’s fund to raise $50m

Livspace counts Bessemer Venture Partners, Helion Venture Partners, Jungle Ventures and Square among its backers.

India: Firstcry revives talks with Temasek, approaches Tencent, too, for up to $150m funding

Firstcry held funding talks with Temasek last year but the discussions cooled because of differences over valuation.

Uber says there will be no let-up in India investments

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.