Search Results for:Shrutika Verma

India’s Oyo Rooms in talks to raise up to $800m in fresh funding

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 in India scramble to sell stakes in old portfolio firms, seek fund extensions

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.

India: Grofers in talks to raise up to $65m at 40% lower valuation

If the funding round is finalized, it will dispel doubts about whether Grofers can survive, at least for the next year or so.

Walmart keen on buying India’s Flipkart but SoftBank opposed to sale

Walmart is in talks to buy a large stake at a price that could value Flipkart at $20-23 billion.

India: Paytm share sale creates more than 20 millionaires

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.

Brokerage firms Nomura, HSBC, Morgan Stanley divided on Zomato’s valuation

In last six months, three different brokerages have valued firm Zomato at extremely varied levels ranging from $700 million to $2.5 billion

India: Paytm to touch $10b valuation after secondary share sale

Paytm was valued at about $7b in May 2017 when it raised $1.4b from Japan’s SoftBank.

India: Paytm launches investment arm, to inject $10m in new entity

Paytm Money is the fourth product from One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet.

Self-drive rental startup Zoomcar in talks to raise $50m to fund expansion

Zoomcar’s funding talks have progressed furthest with car and tractor manufacturer M&M

India: Flipkart in talks to buy stake in BookMyShow

BookMyShow may be valued at $500-700 million if the proposed deal goes through.