The new fund will be overlooked by Parth Jindal, who is pursuing an MBA at Harvard Business School, according to a person directly familiar with the matter.
Many of the beauty and wellness startups take bookings by phone and about 50-70% of their customers are regulars, spending Rs 1,500 - Rs 1,800 a month.
Sterlite Technologies is seeking to capitalise on the Narendra Modi-led government's ambitious `Digital India' and `100 smart cities' initiatives.
The turmoil in the capital markets will only magnify the concerns around frothy valuation and potentially result in quality investors becoming more picky.
Qyk, which aggregates piano teachers to tax consultants, has raised Rs 6.5 crore in pre-series A funding from Growx Ventures, an early stage investment firm.
World Bank arm International Finance Corporation (IFC) is looking to invest up to $20 million in the new fund being raised by Jungle Ventures.
After Ola and Uber success, bus aggregators such as rBus, Shuttl & ZipGo attracting investors' attention
The market for bus services is much larger than that for taxi-booking (which is estimated to be Rs 60,000 crore), said Mittal, an early investor in Ola.
Arun Jaitley launched the India Aspiration Fund to be set up as a fund of funds under the Small Industries Development Bank of India.
The Mumbai-based startup, founded by Sanjeev Sularia and Yasen Dimitrov, provides customised solutions to brands and retailers.
IIFL sets up Rs 1,000 crore fund to invest in startups and VC funds; ropes in stalwarts from the sector
IIFL Wealth also plans to set up an incubation centre for startups and will invest Rs 25-50 crore in the fund.
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