Grofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.
Cox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahindra.
Globally, Warburg Pincus follows a model of growth capital investments, with venture capital and buyout deals also included in the mix.
Well-funded cos are actively scouting to buy smaller startups that provide services of photographers, event planners, handymen, beauticians.
Founded by IIT-Madras graduates, the startup recently ventured into the transportation segment by launching motorcycles and bike rentals.
Tiger Global to tone down current aggressive style; to come up with two-track approach in giving money to companies
Tiger Global Management, the most prolific backer of startups in India, has decided to tone down its current aggressive style here.
“The company would be issuing fresh shares to CLSA Capital Partners.Holisol would be using the funds raised for expanding its business operations.“
Mankind has been growing at a compounded annual growth rate of 20% for the last five years, with revenues touching Rs 3,500 crore in year ending March 2015.
“Companies need to find moats beyond just giving discounts. This slowdown will lead to a cleansing of the system,” said a prominent VC investor.
While a softening of market was expected because of a combination of reasons, including valuations, the situation is becoming severe for startups.
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