None of the top five start-ups launched by IITians - Flipkart, Zomato, Ola Cabs, Housing.com and Inmobi - were incubated at IITs
Even at early stage, start-ups are raising more money faster owing to the rise of a lot of specialised early-stage VCs and emergence of seed-stage programmes.
The Qatar Investment Authority deal follows Byju's raising money from the Canada Pension Plan Investment Board, which was also the first direct investment by the Canadian pension fund in an Indian start-up. In March, Byju's had raised $540 million at a valuation on $5.4 billion, making it the most-valued ed-tech company in the world.
The move comes at a time when IL&FS Energy has joined hands with SB Energy
The 3G, 4G data and Airtel Money services are the next growth engines for the company in Africa.
The Walmart chief stated that the values of the two companies were "very much aligned"
In an earlier tweet Arora who recently left Google to join SoftBank Corp and is now its President said, "Brilliant guy, clear thinker, gets things done and a wonderful person at that.
The new tranche of funding raises Ola's valuation to $5.74 billion from $4.45 billion in October 2017
Cab-hailing service Ola is on the fast track on the back of a $500 million funding.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
.jpg)
An industry source said the funding was part of an overall $500 million the company is planning to raise, which will value Ola at around $5 billion.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
The robot can hold long conversations, track the child's mood and is controlled from an app on the parents' smartphone
From $10 billion deployed in Indian start-ups in 2017, $6 billion went to unicorns
They are small town boys who went on to make it big in global financial powerhouses.
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
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 to spend $1 billion on 5-6 acquisitions this year.
Currently, Housing.com makes Rs 1.2-1.5 crore a month, against a burn of Rs 10.05 crore.
E-commerce in India could grow to $137 billion by 2020 from $11 billion in 2013, says Morgan Stanley, and firms like Amazon, local market leader Flipkart and rival Snapdeal, backed by Japan's SoftBank, are fighting for a bigger share.
Uber and Ola both welcomed the move as a step in the right direction.
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
Ola said it has obtained licences to operate in South Wales and Greater Manchester, and will launch operations in South Wales by September.
Experts say data localisation and sharing is probably the single-biggest detriment that the draft policy talks about, the rest have no or minor repercussions on the players
Ola commits to invest $100 mn in Vogo, to bring scooter-sharing to its app, reports Alnoor Peermohamed.
Here's what you can do to keep your gadget safe.
While student housing, retirement homes, and co-living spaces are going to be new realty growth drivers, Parekh also said foreign investors have also been investing in a big way in good commercial projects, while warehousing is another segment where they are showing keen interest.
Micromax will invest Rs 300 crore on constructing new factories
E-commerce companies are seeing an increase in demand for products such as fresh fruits and vegetables, milk, flour, rice, and lentils, and personal hygiene items like sanitisers and soaps and household cleaning products. Other products include instant noodles, baby food and Ayurvedic items. "There is even a huge spike in pet food," said a person.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
It quickly went from being a darling of investors to a liability
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
Snapdeal to acquire GoJavas for Rs 200 cr, say sources.
Naveen Tewari loves cycling but over the past few years, he has been keeping his first love waiting.
Khosla said 85 per cent of Indian e-commerce firms were over-valued.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap
There is a lot of police action on the ground and even inter-state movement has been stopped, because of which deliveries of essential items via platforms, such as Flipkart, Amazon, Grofers, and Milkbasket, aren't happening. Food-delivery firms -- Swiggy and Zomato -- are facing similar challenges, according to the sources.
This comes at a time when Ola is looking to replicate nationally the success of its auto-rickshaw offering in Chennai and Bengaluru.
