Nearly a decade after venture capitalists spotted the promise of plenty in the Indian startup sector, they are yet to rake in big bang returns required to keep the capital flowing, finds Madhav Chanchani.
Last year, Saama exited Snapdeal when Canadian pension fund Ontario Teachers’ Pension Plan led a new round in the Delhibased company.
As startup founders fret about what the appointment means for the sunrise sector, experts feel Flipkart’s founders have taken a tough but smart move to succeed.
A day after top level restructuring, new CEO Kalyan Krishnamurthy starts building his team of top executives primarily consisting of company veterans.
The move comes a year after a reorganisation where Binny Bansal took over as CEO. Firm elevates Binny as group CEO; Sachin to remain as group chairman.
Industrialists Sunil Munjal and Saroj Poddar are in talks to buy a small stake in digital payments firm Paytm, according to two people aware of the discussions.
However, the company said it has managed to cut down losses since the beginning of the current financial year and is back on a growth track.
“On a single issue, there are different voices that go out,” said Kalra, who has emphasised the need for internet companies to build consensus on policy issues, practices and standards.
The year has been eventful, to say the least. It's been a year of turn-around. We have made a lot of progress -lots of hits and a few misses, probably.
The pace of spending by Amazon India has only risen this year, as it introduced its Prime service and has also made an aggressive grocery push.
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