After Rs 800 crore funding round led by SoftBank, Grofers now valued at Rs 2,664 crore
Grofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.
Madhav Chanchani
US-based Cox Automotive buys stake in Mahindra First Choice
Cox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahindra.
Warburg Pincus raises $12 billion new fund, may invest with a long-term view
Globally, Warburg Pincus follows a model of growth capital investments, with venture capital and buyout deals also included in the mix.
Services startup biggies like UrbanClap, Sulekha now scout for smaller companies
Well-funded cos are actively scouting to buy smaller startups that provide services of photographers, event planners, handymen, beauticians.
RentoMojo raises Rs 13 crore from IDG Ventures India & Accel Partners India
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.
CLSA Capital Partners may park Rs 100 crore in Holisol
“The company would be issuing fresh shares to CLSA Capital Partners.Holisol would be using the funds raised for expanding its business operations.“
ChrysCapital exits Mankind, sells 11% stake to Capital International for $200 million
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.
After an unprecedented funding boom, startups feel the pinch as funds dry up
“Companies need to find moats beyond just giving discounts. This slowdown will lead to a cleansing of the system,” said a prominent VC investor.
Winter is coming: Is the 'startup bubble' about to burst?
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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