Search Results for:Shrutika Verma
In September, Oyo had raised $250 million, mostly from the SoftBank Vision Fund. Hero Enterprise, Sequoia India, Lightspeed Venture Partners and Greenoaks Capital had also joined the round.
VCs have been unable to get exits from all of the portfolio companies of their first funds. Consequently, they are exploring four options — selling leftover portfolio companies to specialist secondary funds; seeking another one-year extension to their funds; exploring discussions with new investors or LPs; and returning shares in leftover companies to the LPs.
If the funding round is finalized, it will dispel doubts about whether Grofers can survive, at least for the next year or so.
Walmart is in talks to buy a large stake at a price that could value Flipkart at $20-23 billion.
Some 20-25 people made over $1 million each in the latest sale aimed at rewarding staff. The dollar millionaires include Paytm Canada’s chief executive Harinder Takhar, who cashed out about $6.3 million.
In last six months, three different brokerages have valued firm Zomato at extremely varied levels ranging from $700 million to $2.5 billion
Paytm was valued at about $7b in May 2017 when it raised $1.4b from Japan’s SoftBank.
Paytm Money is the fourth product from One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet.
Zoomcar’s funding talks have progressed furthest with car and tractor manufacturer M&M
BookMyShow may be valued at $500-700 million if the proposed deal goes through.