Son sees opportunities for Indian portfolio firms such as Oyo to go overseas and become global leaders while bringing its overseas portfolio companies here
Walmart is aiming for at least a 55-60% stake in Flipkart in a deal likely to value the company between $18-20 billion.
“Wal-Mart’s final shareholding is likely to end up more close to 51% than 86%,” according to one of the sources mentioned above, saying that investors are not likely to sell their entire stakes.
The investment will see the Bengaluru-based online food delivery startup’s valuation cross the $1-billion threshold.
MakeMyTrip’s decision to bet on OYO Rooms is the latest in a series of moves aimed at cementing its partnership with the SoftBank-backed company.
If Tim Draper had a meeting with Narendra Modi, he would tell him that he was making a 'huge mistake', says the American billionaire investor.
Saama Capital began as a spinoff from US-based lender Silicon Valley Bank (SVB), which specialises in working with technology startups.
The VC firm roped in Gulf-based billionaire Dr BR Shetty as a major backer with a $10 million commitment.
Capital deployed across series A, B and C funding into startups surged 73% year-on-year to $850 million in March quarter, and the number of deals rose 30% to 76, show data from Tracxn.
“There are too many small businesses that get built to be sold. The objective here is to build businesses that last,” said Michael Sabia, Chief Executive of CDPQ.
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