"We’re also very mindful of valuations, and when they get a bit aggressive we decide to wait and see."
GIC, Singapore’s sovereign wealth fund, invests undisclosed sum in deal discovery application Little
The company has 7 lakh registered users, out of which 70% have already transacted. Little charges 6-8% of the transaction value as commission.
Earlier this month, Ratan Tata had invested in Tracxn Technologies and followed it up with pet care portal DogSpot and online cashback and coupons venture CashKaro.
Fisdom has got Rs 3.4 crore from a clutch of angel investors which includes Taxiforsure cofounders Raghunandan G and Aprameya Radhakrishna.
Singhal and Jain worked on over a dozen seedstage deals in the last two years, and majority of these startups have been able to raise follow-on funding.
The funding — first reported by ET in its edition on November 30 — will be used to hire senior talent, strengthen technology.
Investors who flocked to the Capital on Saturday for the Startup India summit reiterated that capital will be available for good companies.
ShopClues became the latest Indian ecommerce firm to enter the coveted billion dollar valuation club, snapping at the heels of Snapdeal and Paytm.
The money will be used to fund the cash acquisition of rival CarWale from German media conglomerate Axel Springer.
Existing investors including New York-based hedge fund Tiger Global Management and Nexus Venture Partners participated in this round of funding.
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