"There is a very strong balancing force. You have to be super responsible and work on scale. People using credit for gambling or for F&O is scary. Credit is being used as well as abused. There should be prudence while working on this space," Singh said.
Governance has to be more stage appropriate and the need arises when companies are worth billions or reach a three digit million revenue figure, Singh said.
Singh says funding into startups will pick up in the coming months as publicly traded tech stocks continue to rally
As a result of consistent compounding, startups will become larger businesses worth $50-100 billion in the years to come, per Singh.
In a 40-minute welcome note, Singh asked founders to have clarity on product propositions and how they should have a multi-decade mindset, build defensible moats, and should prioritise solving problems over money
The Silicon Valley investor expressed surprise over Sequoia Capital's move to separate its India unit from the US counterpart, citing India's rapid economic growth and suggested the move may be due to internal issues rather than conflicting portfolios
The profit pooling with Sequoia US will cease to exist post the rebranding. Peak XV will also likely enter the US to help Indian startups expand in the country, an indication that the India division will be run completely independent of Sequoia US.
According to the letter, the new investor will be infusing $8 million in equity in tranches. The offer further stated that pursuant to Singapore's Insolvency, Restructuring, and Dissolution Act, Zilingo will be transferred to the ownership of a newly incorporated entity.
Zilingo’s statement comes a couple of weeks after multiple media reports said that Zilingo had suspended Bose for accounting-related issues
Shailendra Singh , a managing director at the influential venture capital firm, resigned as a director about a week ago, after the departures of Temasek Holdings Pte’s Xu Wei Yang and Burda Principal Investments Ltd.’s Albert Shyy, said the people, asking not to be identified because the move hasn’t yet been made public.
The number of Indian companies raising more than USD 50 million-USD 100 million has risen exponentially in the past two years as investors pile in, attracted by the fast growth in India's mobile internet user base that is forecast to rise to more than 500 million in the next five years, said Shailendra Singh, managing director of Sequoia India.
Over 125,000 registrations and counting have been clocked in for the World’s Biggest Guest List, featuring World #1 DJ Hardwell. The ...
Shares of Wipro gained more than 2 percent intraday Monday after the country's third largest IT exporter reshuffled its top management team at BFSI unit.