WhatsApp is bullish on prospects in India as it revealed that it has 400 million monthly active users here out of a global base of 1.5 billion.
The company is in talks with Tencent, existing backer SoftBank for a 21% stake.
The transaction involves a complete exit by SAIF Partners, which holds 5.6% stake, and a partial exit by Accel India, said sources, adding that employees are likely to get liquidity with this deal.
The move will give the company “sharper focus” and “better alignment” besides “improve competitiveness”, according to the filing.
This comes at a time when Oyo has been looking to raise a new round at a valuation of over $10 billion.
Total money poured into startups increased by 31% to $4.7 billion in the first six months of 2019 as compared to the same period in the previous year.
Many people in Bengaluru now hire them for short trips instead of calling a cab.
CureFit raised a round of $120 million and, including the $75 million it raised earlier this year, it has mobilised over $245 million from investors.
The Pune-based two-wheeler manufacturer is in talks to invest $6-8 million in the current round as it looks to ride on the fast growing urban mobility space.
The company also recently partnered with Uber, where users can book its vehicles using the US-based ride-hailing major's app.
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