Search Results for:Mihir Dalal
Launched in September 2017, Ezmall has raised $15 million so far from Essel Group, which owns the Zee media empire.
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.
Meesho last raised $11.5 million in a series-B round from Sequoia India, SAIF Partners, Y Combinator and Venture Highway.
Quikr is in talks to raise between $100 million and $150 million by keeping its record valuation of $1 billion.
Rivigo is seeking a sharp jump in valuation from the $950 million it was valued at in the previous round.
In the six months to 30 June, gross sales at Flipkart jumped by roughly 50%, while Amazon India’s gross sales increased by 35-40%.
On Wednesday, CCI approved Walmart’s $16 billion acquisition of Flipkart but expressed concerns about the latter’s discounting practices.
The regulator said Flipkart’s discounting practices might need to be dealt with separately, an issue that assumes significance in the wake of the new draft policy that proposes further restrictions on discounting by online marketplaces.
Investors have already struck 18 deals of $100 million or more this year compared with 22 last year.