According to the founders, this is an all-primary round with no investor exiting the company. NoBroker counts SAIF Partners and BEENEXT among some of its other existing investors
Fixel is looking to invest around $1 billion through his new fund, Addition, as soon as a non-compete agreement with his former employer expires, the people said, requesting anonymity. He plans to actively look at startups in India and also in South-East Asia, they said.
Soon after resisting SoftBank and Tiger, Ola got the two to invest in Ola Electric on its terms
Existing investors Steadview Capital and Vy Capital also participated in the round.
In 2015, Tiger Global had participated in over 40 deals in the country.
According to sources, Snapdeal has initiated preliminary discussions with Shopclues to evaluate a potential strategic alliance.
Ola’s electric vehicle plans are a leap from being a cab-hailing company. To make it a success, it may have to take one more leap, by setting up the required EV infrastructure.
The latest funding would help Grofers continue its expansion into the fast-moving consumer goods segment.
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 investment comes at a time when the company is looking to raise $150 million from venture capital firms.
After the deal goes through, Cube26's team will join Paytm. The companies did not disclose the financial details of the deal
The scooters have been designed with quick acceleration, high storage space and new features like park assist, remote diagnostics, and on-board navigation.
The series B round also saw participation from Matrix Partners. The company has raised USD 31.5 million till date, including from the present round.
The company that has so far used complete manual processes has already installed these machines across four of its 53 outlets.
Bangalore based online marketplace Flipkart has termed rumors of its CEO Kalyan Krishnamurthy quitting as malicious and baseless.
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The scooter is expected to be priced anywhere in the range of Rs 80,000 and Rs 110,000, co-founder Tarun Mehta told Moneycontrol.
SoftBank is in talks with Tiger Global for its 20 percent stake for an estimated valuation of USD 650-700 million, sources said.
Ola CEO Bhavish Aggarwal at an event today likened his company's rivalry with American rival Uber to World War II, claiming that the 'Americans are carpet bombing India'
Flipkart is expected to close the USD 1 billion funding round within a month and will hit the market to raise another billion after that, sources close to the developments told Moneycontrol.
The company is likely to use the fresh fund for expanding its cafes in the country.
The board of Gurgaon-based ShopClues have responded to allegations saying that the termination of co-founder Sandeep Aggarwal was with joint consent with stakeholders. It further said that the claims by the ex-cofounder reek of 'personal vendetta'.
The funding, however, would come at a much lower valuation of about USD 8-9 billion, sources close to the development said.
The USD 255 billion Chinese group and Paytm have already invested together to build a dominant mobile-wallet payment business, now worth around USD 5 billion. Their smaller e-commerce unit is now being separated out to meet Indian regulations.