Even as it becomes the market leader by a margin post the acquisition, MakeMyTrip will see competition from players like Yatra, Cleartrip, OYO, Stayzilla besides international players like Bookings.com and Expedia for the hotel market.
Chennai-based FR8 develops solutions for the long-haul trucking segment and competes with BlackBuck, which is backed by Flipkart and Tiger Global.
Online retailer dismisses social media and internal speculation of an alleged fraud inquiry by PricewaterhouseCoopers.
Ecommerce co is looking to differentiate the positioning of its fashion portals, Myntra & Jabong, to prevent them from cannibalising each other in the rush for domination
Fintech has proved to be a lucrative sector for Sequoia Capital with exits like FreeCharge, Prizm Payments and more recently, Citrus.
The final size of the round is yet to be determined. Ola is looking to raise about $500 million in the financing round, which could go up to $700 million if it is able to get new investors to write large cheques, said sources.
Bhinde has advised 60 transactions worth over $3.5 billion during his career as head of the digital practice at Avendus.
"In terms of plans, our priority is to nurture our portfolio companies," said Alok Sama, president of SoftBank, in an exclusive interview with ET.
Nurturing portfolio companies is SoftBank's top priority: Alok Sama, President of SoftBank Group International
"We have over the last two years invested $2 billion in India and as I scan our growth stage investment portfolio globally, that makes India our No. 1 destination."
Bhinde has advised 60 transactions worth over $3.5 billion during his career as head of the digital practice at Avendus, working with Quikr and Freecharge.
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