The the funding would be done in equal parts debt and equity
In case a stressed asset fund is constituted, experts feel developers should not be given a bailout package
The Flipkart co-founder, who withdrew as CEO in November 2018, would begin his latest venture as general partner and anchor investor by year-end.
An ex-McKinsey consultant, Barman joined hands with fellow INSEAD Business School classmate Kallol Banerjee in 2012 to start Faasos, which was a traditional operation kebab chain
Post the latest fundraising round, the company is expected to achieve $2.7 billion (Rs 270 crore) in valuation
The funding was led by investors from Hyderabad Angels, Mumbai Angels and other high net worth individuals (HNIs) including former Zee Entertainment CFO Mihir Modi and Swastik Bihani, Head of Products & GM, India at PayPal
Real estate developers yet to warm up to the new asset class due to absence of tax breaks
Interestingly, this comes soon after the company announced that the proposed investment from Sachin Bansal's debt fund BACQ fell through.
The company plans to use the capital to strengthen its core technology and operations team.
Plans to expand number of outlets to 250 by March 2020
At the city-level, Mumbai continued to be the most-preferred destination for overall PE investments, seeing nearly 38 percent of the total capital inflows in 2018
The latest notification has kept most of the startups out of the angel tax net, but there are riders that could hurt the ecosystem.
Budget 2019 should provide for incentives such as extension of tax holidays for infrastructure projects and reduction in taxation
Uttaresh Venkateshwaran is in conversation with Moneycontrol's Viswanath Pilla to discuss how a paradigm shift in the healthcare space could give a fillip to the government's ambitious Ayushman Bharat scheme.
The funding is another initiative to promote the gaming industry in India. The estimated value of the online poker space in India is $7 million.
VClusive is India’s first reward points programme across luxury brands that provides exclusive access, customized rewards and a host of other privileges to compliment the high life
Swiggy has competition from other food delivery companies and even ride-hailing companies Uber and Ola have entered the market.
Tiger had stopped investing in India after it picked a series of duds but it has been the earliest big backer of India’s Internet story.
The proportion of founders in funded start-ups with at least five years of experience went up from 55 percent in 2017 to 78 percent this year
The company aims to double its gross merchandise value to $1.4 billion by end of 2018 and $3.5 billion by 2019
The logistics startup plans to use the funding to improve and refine its technology stack, which is still in early stages of development.
The company It also announced its agent-first voice artificial intelligence platform to improve caller satisfaction in call centres worldwide
The latest round of funding will help the company strengthen its offering in a space that is being eyed by Alibaba-backed Paytm too
In its fourth investment in two years, Amazon has pumped in Rs 230 crore or $34 million into its Indian digital payments arm
The number of funding rounds, however, reduced to 205 during January-March this year as compared to the year before which stood at 270.