Experts fear that the Fed Reserve’s interest rate hike, Eurozone crisis and flat economic growth in the Asia-Pacific region could force hedge funds to slow the pace of investments in emerging firms in India.
Between January and March, VC firms more than doubled their investments in domestic technology startups from a year ago to $621 million (Rs 3,875 crore).
Online food ordering service Foodpanda, where German incubator Rocket Internet owns majority stake, is entering the delivery business in India.
The announcement comes after rival Embibe acquired 100Marks, a student guidance platforms for engg entrance exams in a cash plus stock deal last month.
Summer internship: Gap between stipends, salaries shrinks as companies pay more in full-blown war for talent
Difference between stipends for summer internships and salaries for fulltime jobs is shrinking as established cos are hiking stipends at top Bschools.
An increasing number of services startups are aggregating handymen together in a highly fragmented but huge market mostly on mobile-only platforms.
Accel Partners, Matrix Partners India, Sequoia Capital India and Helion Venture Partners have in the past eight months elevated executives in their early to late-30s to top ranks.
Venture capital firms' top deck grows younger; elevating executives in their thirties to highest levels
Firms like Matrix Partners, Accel, Sequoia elevating executives in their thirties to highest levels.
The deal would give Grofers' valuation a three times jump since it announced its previous round in February this year, which valued it at Rs 205 crore.
LocalOye, which lists local and home services across Mumbai, has raised its first round of venture capital funding from Lightspeed Venture Partners and Tiger Global Management.
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