A closer look at the data shows that the number of seed and angel deals have more than halved from the peak of 1,030 in 2016 to 484 in 2018.
Budget hotel aggregator OYO has scaled to 1,80,000 rooms in China in the span of one year of starting operations in the country, more than the 1,47,000 rooms that it has in India.
Existing backer Naspers to lead the round which has seen the entry of new investors Tencent, Hillhouse Capital and Wellington Management
"Every product initiative, every business we get into, or people decisions that we take, we make sure it is stable in three to four years."
The round is being led by Naspers Ventures, the venture arm of South African media giant best known for its early bet on China's Tencent.
Ola cofounder Bhavish Aggarwal may prefer smaller amount to avoid giving more stake to the Japanese investor.
The Flipkart cofounder will establish a holding company through which he will run his new businesses.
Binny’s decision to approach the the police came last week, after he stepped down as the Group CEO.
Sumer Juneja will take on the role at SoftBank from his previous position as director at the US-headquartered venture capital’s India office, which he joined in 2009.
The move is expected to start with restructuring of Jabong, where all operations including tech and corporate functions will get combined with those of Myntra.
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