Search Results for:Shrutika Verma
The $200-250 million fund, which is yet to be closed, will count SoftBank Group as the anchor limited partner.
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.
Gupta has more than 20 years of experience, of which the last decade involved running the travel e-commerce business in India.
Oyo is looking to expand in the UK and some European countries within next 12-18 months.
The startup is planning to raise capital largely from its existing investors Ant Financial and Temasek.
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.
Walmart was initially keen on retaining Bansal but reversed after Flipkart board decided to cut him out.
Fixel has net a return of more than $3.5b and still retains a 4-5% holding.
Sachin Bansal stands to make anywhere between $1-1.5 billion from the sale. But that won’t console the 36-year-old.
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.