Total money poured into startups increased by 31% to $4.7 billion in the first six months of 2019 as compared to the same period in the previous year.
Many people in Bengaluru now hire them for short trips instead of calling a cab.
CureFit raised a round of $120 million and, including the $75 million it raised earlier this year, it has mobilised over $245 million from investors.
The Pune-based two-wheeler manufacturer is in talks to invest $6-8 million in the current round as it looks to ride on the fast growing urban mobility space.
The company also recently partnered with Uber, where users can book its vehicles using the US-based ride-hailing major's app.
This Indian startup is now world’s sixth biggest hospitality company; majority of the revenues for the company also come outside India.
While Swiggy is in talks to raise $500-600 million led by existing backer Naspers along with participation of new investors like Google, Zomato is also in talks to raise $600-700 million.
Nalanda’s resolute work comes even as the fund is sitting on handsome gains after building the Mindtree stake at an average price of Rs 260 apiece about 10 years ago.
Sato, who started two companies in Japan and exited them, enquired how much they planned to invest in startups. Not more than 5%, they replied.
This comes at a time when Amazon recently announced its Indian sellers have sold goods worth $1 billion in overseas markets in the last three and a half years.
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