Indian startups scene is getting crowded. It is scaling up fast and raising new capital every 3-6 months, drawing the attention of global hedge funds as well as PE firms.
IBM’s global commerce head Deepak Advani told ET that it is in talks with a few Indian companies to bring Watson’s cognitive abilities to India.
Kalaari Capital, an early investor in online marketplaces Myntra and Snapdeal, is raising $275 million (Rs 1,750 crore) for two new funds.
Best Deal TV, a television shopping venture launched by Bollywood’s celeb duo Raj Kundra-Shilpa Shetty with actor Akshay Kumar six months ago, is looking to raise Rs 100 cr.
Nazara Technologies has mandated investment bank Credit Suisse to raise Rs 480-640 crore, the largest capitalraise in India’s still nascent mobile gaming industry.
The company will use the money to set up a new manufacturing plant for specialty chemicals and increase ethanol production capacity.
Indian payments market is set to become hotter as Paypal founder Peter Thiel looks to back the next big potential winner in the space — Citrus Pay.
The VC firm, an early investor in photo sending platform Snapchat, has been soft-marketing its India fund to institutional investors since late last year.
The VC firm, whose portfolio companies include online classifieds major Quikr and cab hailing app Ola, will move managing director Vikram Vaidyanathan to lead the office.
Flipkart, Snapdeal need to raise Rs 1.27 lakh crore over next five years to sustain growth: Goldman Sachs
While raising funds may not be difficult, the estimate indicates they would need to continue achieving top line momentum of more than 100% growth.
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