Search Results for:Shrutika Verma

SoftBank’s Kabir Misra in advanced talks to set up $250m startup fund

The $200-250 million fund, which is yet to be closed, will count SoftBank Group as the anchor limited partner.


Paytm exceeds $4b in monthly gross transaction value

While GTV is not a true indicator of a company’s health, it does reflect the high adoption of Paytm as a payments platform in the country.


Zomato names former MakeMyTrip exec Mohit Gupta as head of food delivery biz

Gupta has more than 20 years of experience, of which the last decade involved running the travel e-commerce business in India.


After China, India’s Oyo Rooms looks to spread wings in Indonesia, UK and Europe

Oyo is looking to expand in the UK and some European countries within next 12-18 months.


Zomato in talks to raise $400m in fresh funding at $2b valuation

The startup is planning to raise capital largely from its existing investors Ant Financial and Temasek.


Payments startup ToneTag raises up to $10m from  Amazon, Mastercard, others

ToneTag’s existing investors include Manipal Global Education chairman Mohandas Pai, PremjiInvest’s chief investment officer T.K. Kurien and Facebook executive Anand Chandrasekaran. The start-up is also in talks with other strategic investors.


The behind-the-scenes story of Sachin Bansal’s exit from Flipkart

Walmart was initially  keen on  retaining Bansal but reversed after Flipkart board decided to cut  him out.


How Lee Fixel, Flipkart’s godfather in New York, changed India’s startup ecosystem

Fixel has net a return of more than $3.5b and still retains a 4-5% holding.


Sachin Bansal’s journey from Flipkart CEO to outcast

Sachin Bansal stands to make anywhere between $1-1.5 billion from the sale. But that won’t console the 36-year-old.


How Walmart made its way to the finish line with Flipkart

The fear of missing out proved to be strong enough to override concerns about slower-than-expected e-commerce growth in India and Flipkart’s losses.