Seasoned entrepreneurs and industry watchers say it is crucial to have two strategic investors, with each balancing the influence and reach of the other.
Online and offline retailers are entering each other’s territories as part of an omni-channel strategy and to combat shrinking retail margins.
Indiatech.org is expected to start staffing up after Badgaiyan formally joins in the next few days.
Share buyback plan marks the largest such programme for Indian startup and offers stakeholders the biggest opportunity to liquidate their holdings in the company.
Sachin Bansal, co-founder of Flipkart, will be the founding president and chairman of the lobby group and is likely to appoint a former IAS officer as CEO.
“Paytm Mall is planning to close the new round of funding by end of this year and is talking to financial investors from Asia and the US,” said one person close to the development.
The investment, being structured via convertible note, could value robotics firm at between $300 million & $500 million.
International backers include Facebook co-founder Eduardo Saverin's Velos Partners besides institutional investors like Quilvest and Axis Capital.
Mumbai-based company to rope in ICICI Securities and Edelweiss Financial Services for the public listing, which may land investor WestBridge Capital a whopping 75-80 times return.
The deal, if it goes through, will be part of Alibaba and Alipay’s global play as Zomato has a strong presence in Southeast Asia and Middle East as well.
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