Investors tiring of consumer-focused online marketplaces bleeding on discounts have zeroed in on enterprise-focused online marketplaces.
Ride-hailing app Uber plans to launch its own digital wallet in India, the first market where the San Francisco-based company is making such a move.
IFC is looking to invest up to $25 million or Rs 170 crore in Lenskart Solutions according to a disclosure on the firm’s website.
Xpressbees’ busy raising funds, bags Rs 85 crore for SAIF Partners, IDG Ventures, NEA, Vertex, Valiant Capital
The funding will be used to upgrade Xpressbees’ technology and expand its operations, said Amitava Saha, the company’s CEO.
He declined to disclose any numbers, and the company had not even formally announced its financing rounds from Sequoia and DST Global, so far.
Tracxn tracks over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education.
As investors tighten their purse strings, India’s startup ecosystem is increasing focus on scrutinising income statements and making money on an operational level.
The deal represents a growing trend in the sector where a few well-funded players are buying smaller rivals through bolt-onstock deals or acqui-hires.
Binny Bansal’s answer is to double down focus in two areas: the main ecommerce business and logistics, a unit he knows only too well.
Ontario Teachers Pension Plan have led a Rs 1,367.6 crore funding round in Jasper Infotech, which owns and operates India’s largest online marketplace Snapdeal.com.
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