To give a fillip to expansion plans, ZoomIn has acquired San Francisco-based firm Photojojo, which will strengthen its team for a global rollout.
Private equity firm Kaizen has set up an accelerator in Silicon Valley in the US to enable technology transfer and keep abreast of innovations in the sector.
Even in pre-liberalised India, major industries were clustered around a region. Now, startups are choosing colonies or villages adjoining metro cities.
The private equity firm was looking to raise around $250 million through the fund, which was launched last year.
These investors, ranging from PE and venture funds to international hedge funds, are currently evaluating a number of online companies
While 30% of the fund was raised from institutional investors, majority 70% of the corpus has been raised from ultra high-networth individuals.
Mu Sigma & Flipkart have become pin-up symbols of India’s entrepreneurial activity, serving as an inspiration for hordes of wannabe entrepreneurs.
VC firm IvyCap Ventures is investing Rs 25 crore in Gurgaon-based Leixir, a company which manages a dental labs chain in North America.
Stalwarts like Patni brothers, Harsh Mariwala & others channel money into specialist funds to track hottest start-ups
Experts said there is a change in risk appetite that is driving this trend. Since 2013, nearly half a dozen companies have seen their valuations rise to over $1 billion.
More than a handful of first-generation entrepreneurs have managed to mint their first $100 mn in wealth while still in their thirties.
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