The fund will have the option to raise up to Rs 1,200 crore, taking it in the league of larger VC firms like Kalaari Capital and Helion Venture Partners.
Swedish investment firm Kinnevik has become the largest investor in Quikr, after it purchased shares worth $20 million in the online classifieds company according to a regulatory filing made on the Stockholm stock exchange.
The company has so far raised four rounds of venture capital funding from Tiger Global Management and Accel Partners, with total funding of about $15 million.
The shares have been picked up by both new and existing investors, though identity of all buyers and sellers could not be immediately ascertained.
Flipkart has teamed up with its largest investor Tiger Global to invest about Rs 76 crore ($12 million) in online home rentals startup Nestaway marking its third investment in new ventures this year.
Increasing use of affordable smartphones – and their ability to show precise locations – has made the ondemand business model more feasible and executable in the past year, say investors.
CarDekho is making a start in this direction by scouting for acquisitions in the range of $1-5 million (about Rs 6-30 crore) in Southeast Asia to enter markets.
Global funds make a beeline for Indian banks, finance firms; $1.46 billion investment made in 6 months
In the first six months of 2015, private equity funds invested $1.46 bn in finance firms, compared with $1.29 bn in the same period of 2014.
Capillary’s valuation after its third round of institutional fundraising is estimated to be $170-180 million (Rs 1,080-Rs 1,140 crore).
Local language mobile platform NewsHunt has acquired Delhibased Rocket Science Innovations Pvt Ltd, which runs BuyT ContentLink.
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