Nalanda will raise over $600 million for the new fund, which will take the corpus raised by the only public marketfocused investor to about $1.5 billion.
With the new round of financing, Apollo Health & Lifestyle plans to open 151 small-format healthcare centers, 9 maternity facilities and 64 pathology labs.
The spending underlines an increasingly expensive battle for domination of the hotel booking space being fought between Ibibo Group and OYO.
The four startups were selected by the team at Apple about a week ago, but were not informed that they will be meeting Cook.
Ekart has aggressive plans for its courier service, with an aim to capture 5-10 per cent of the market in the first year.
Flipkart has already signed up 100 — is in line with the strategy to open up brand stores and focus on the delivery experience of its biggest sellers.
Ecom Express currently reaches 8,000 pin-codes through 800 delivery centers and 14,000 employees in 700 cities.
'We have an extremely high bar for Amazon.com, which is still growing insanely. That bar for Amazon India is ‘how do we catch up with Amazon.com?’'
ET reported on April 28 that Amazon India was the only major online marketplace to register an increase in unit market share in March.
The venture capital firm expects to raise the entire money for its $200-million third fund, called IDG Ventures India Fund III, by the end of this year.
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