With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
Ola Cabs acquires TaxiForSure in $200-mn deal.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
Flipkart intends to use the funds for building and strengthening its technology capabilities, bolstering the robust supply chain and developing the talent pool.
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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
Market regulator Sebi to support stert-ups raise funds.
After a recent spate of big-bang funding of food discovery and delivery apps, experts believe the sector's consolidation might be over and the remaining players are here to stay and thrive.
At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
In terms of the number of deals, there has been a decline of 13 per cent
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
Yuri Milner is focussing on on consumer-driven Internet start-ups.
The family office category was up 38 per cent, led by names such as Ratan Tata, Ronnie Screwvala and various Infosys co-founders.
Investors seem to be very keen on investing in startups.
While the redeployment of talent from companies that have shut down into other start-ups is a great move, some say the gesture is gaining more visibility than the actual companies
Blablacars enables private cars to seek fellow passengers for inter-city commute.
Rupert Murdoch-led News Corp has acquired 25 per cent stake in real estate portal PropTiger.com for $30 million.
Venture capitalists are leveraging their experience to build something new.
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
'We had a great product for the global market and we could sell it globally resulting in this amazing growth.' 'When customers come online and buy a product, they don't look at whether it is created in India or somewhere else.'
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
Investors spent much of 2016 cleaning house. And a VC tells Ranju Sarkar, "There's still some bad news left in the portfolios (of VC firms). What happens to Ola and Flipkart will drive sentiment in future."
Start-ups have begun looking at ways to conserve cash.
Meru Cabs' founder says they were a traditional company.
There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
As with stocks, real estate and art, investing in start-ups has emerged as an asset class in itself.
These days, one frequently hears of consolidation, rollback and even closure from the start-up world.
Anjana Reddy explores the market for home-grown Indian celebrity fashion brands at affordable prices.
Power2SME, a one-stop shop for sourcing and buying raw materials for SMEs, is the only B2B firm in this space.
The numbers in India may not be as big but the opportunity for serious growth is all there.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
UrbanClap's business model is still a work in progress.
Besides the passion, your disciple and endurance is what will take you to the end.
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