The Sequoia Capital-backed HomeLane says it has crossed 80 percent new orders from the pre-COVID levels, and has received 350 new orders. Company’s proprietary software SpaceCraft enables a virtual experience as good as a showroom visit.
The executive has not decided her next career move yet but will possibly continue early stage biotech investing elsewhere
Google was also among the investments which made Moritz a venture investing superstar and Sequoia the world's leading VC.
VC funds including Sequoia Capital, Accel, Lightspeed Venture Partners and Matrix Partners India are currently finalising the plan
Softbank-invested WeWork’s IPO hit a bump due to valuations that seemed too high. A share buy-back by founder helped Oyo’s valuation jump three-fold within a year.
India and the US are the only two countries which can build massive local and global companies
To fund the buyback, Agarwal is reportedly in talks with banks and financial institutions in India, Japan and Europe.
The latest funding would help Grofers continue its expansion into the fast-moving consumer goods segment.
TPG and Mu Sigma are holding talks directly without the involvement of investment banks
The company plans to invest in its newly-launched consumer goods vertical.
More cash in the bag would help the Silicon Valley venture capital giant diversify its focus from early-and growth-stage investments to pre-IPO funding rounds, at a time when startup valuations are spiking partly due to money pouring in from SoftBank Group Corp's $93 billion Vision Fund.
The shares were picked up by HDFC Mutual Fund.
The Google-funded startup has offered two-month salary to employees who have been asked to leave
Chesky feels that Airbnb has also become a source of financial independence for many women in India
Fund raising activity in the PE and VC space witnessed a decline of 6 percent in 2016. PEs and VCs raised closed to USD 24.1 billion in 2016 as compared to USD 25.7 billion in 2015.
Ola, India's home grown online cab aggregator, has raised a fresh bout of funding with its existing as well as new investors. The cab aggregator raised funds to the tune of USD 350 million at a lower valuation of USD 3.5 billion, down from the highs of USD 5 billion it enjoyed earlier.
Digital wallet company MobiKwik will pump in Rs 300 crore this year to be used mainly on loyalty initiatives and expansion of user and merchant base.
2017 has started with a cautious mood in the Indian startup investor community. Volume of deals declined to almost half in January from a year ago, as investors adopt a wait and watch approach post demonetisation of economy.
Digital payments firm MobiKwik today said it is looking at raising fresh funding in three months as it revs up expansion to compete head-on with rivals like Paytm.
"One of the biggest issue in a marketplace model is variation in quality," Manoj Gupta, founder of Craftsvilla told Moneycontrol.com in an interaction.
The hyperlocal delivery segment, which was a must have for every institutional investor till almost a year ago has now gone under the radar due to poor unit economics and blurry sight of a near profitability.
In India a dearth of mega-rounds pushed funding below USD 600 million in Q2CY16, but Q3CY16 saw the total rise above USD 1 billion once more. However, this is still well below the USD 3.4 billion figure of Q3CY15.
Recently, the company also launched a new feature that offers early check-in at hotels across the country.
Online education start-up BYJU's has raised USD 50 million (about USD 332.3 crore) from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital.