Search Results for:Mihir Dalal
While Myntra has been growing fast, Jabong has struggled to expand sales this year.
Until now, Myntra, while being a wholly owned unit of Flipkart, has operated completely independently.
Bansal said he would continue to hold his substantial stake in Flipkart and remain a member of its board.
In May, Walmart agreed to buy a 77% stake in online retailer Flipkart for $16 billion.
At least half a dozen new mobility startups in India—including Rapido, Ather Energy, Bounce and Vogo—are in funding talks to raise large amounts of capital.
Alibaba-backed BigBasket may end up raising about $300-400 million as part of the latest funding talks.
Apart from Ather Energy, Bansal is also reportedly close to investing about $100 million in cab-hailing firm Ola.
Over the last three years, Lightspeed India has invested in some of the fastest growing startups in India, including Oyo, Byju’s, Udaan and ShareChat, whose combined valuation is currently pegged at $8.5 billion
Orios has launched an initiative called FindingMisfits to help entrepreneurs based in smaller cities and towns expand their ventures.
In the proposed funding round, Sachin Bansal may also invest more capital and raise his 3.5% stake in the medical artificial intelligence start-up.