If you look at the portfolio, there are real businesses. LPs understand that. And the question right now is if the IPO market here recognises that.
ET reported in August about Accel's plans to raise a new fund of $400-500 million by end of the year.
This markdown by Morgan Stanley comes even as the e-tailer braces for the impact of the crackdown on cash transactions.
Marketplace works as a price comparison engine aggregating deals from over 25,000 online & offline providers
Early-stage funding by venture capital investors in startups hit a two-year low in the July-September quarter.
The fund-raising, when goes through, maybe the first ‘down round’ in the country for a unicorn, or a startup valued at over a billion dollars.
The investment has been made through Infosys' $500 million Innovation Fund, which has previously backed Silicon Valley-based early-stage venture capital firm Vertex Ventures.
Udaan has hired a team of over 20 people, half of whom have been picked from Flipkart to form a core team who are initially focusing on products in electronics and apparel.
Indian taxi aggregator Ola launches Ola Play, an in-cab entertainment system, in a bid to beat US-based competitor Uber and break even in the next three years.
The Paris-headquartered firm is counting on working closely with global technology startups across the world, including in India, as it looks to increase engagement with its clients seeking to make their businesses more tech-savvy.
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