As per analysts, it had more to do with the so-called founders not having enough skin in the game to want to stick by and lead their cos through thick and thin.
Houzz functions like an online scrapbook for interior designers and architects, where they can showcase their work with pictures and editorial content.
IDG Ventures, which began operations 10 years ago, is raising $200 million for its third fund, which will double its total assets under management to $400 million.
Existing investors Alibaba, Alipay & SAIF Partners will provide remaining capital of Rs 2,000-cr round
It's existing investors, which includes Alibaba and its payments affiliate Alipay, are also participating in the new round of financing.
The appointments come as position for the leadership of commerce unit was left vacant after exit of Mukesh Bansal and chief business officer Ankit Nagori.
The Turakhias brothers have displayed a knack for picking niche business opportunities that require little investment but can deliver maximum returns.
Described as “hackers with a business mindset” and "hardcore product guys", the Turakhia brothers have sold two businesses now for over a $1billion.
Bansal made the confession at a meeting that was heating up with staff asking why they had to pay the price for management decisions gone wrong.
The transaction is set to value Lenskart at about Rs 2,000 crore, and comes three months after it mopped up Rs 400 crore, at a valuation of Rs 1,600-1,700 crore, in a round led by International Finance Corp, the private sector investment arm of the World Bank.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon