With the fresh infusion of capital, Bansal’s total investment in the new-age insurance firm will go up to $45 million, making it his largest personal bet on an Indian startup.
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
There comes a time in the cycle when investors get really cautious and we're in that part of the cycle right now, which is why you're seeing Uber and Lyft and even WeWork not getting valued at their private rounds, says Norwest's Promod Haque.
If an IPO doesn't take place in 5 years, then SoftBank will have the right to sell its stake to a rival.
Nishar said the debacle at WeWork, which SoftBank bailed out with a $9.5 billion cash injection, was an extreme case of dissonance between private, and what would have been its public market valuation.
N Chandrasekaran says technologies such as cloud and AI will help fill the gap of India’s “missing middle”.
Tiger’s return to the Indian private tech market reflects its ambition to step up local allocations
MobiKwik is fighting a broader battle against deep-pocketed rivals such as Paytm, PhonePe and GPay.
The Vijay Shekhar Sharma-led company has been in the market since early this year to shore up funds amid mounting losses and growing competition in the digital payments sector.
Last week, Zomato said its revenue for the first half of the ongoing financial year jumped more than three-fold to $205 million, compared with $63 million in the year-ago period.
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