MapmyIndia had a topline of Rs 70 crore during last fiscal year, which it expected to double in current financial year and profits increasing by 300%.
Details of transaction were not disclosed, except that MapmyIndia’s early investors Nexus Venture Partners & Lightbox Ventures will exit the company.
BigBasket’s valuation was pegged at Rs 2,100 crore, or about $320 million, ahead of the transaction, show filings submitted to the ministry of corporate affairs on November 30.
Oyo Rooms, which is backed by Japan’s SoftBank, was estimated to be worth about Rs 2,500 crore ($400 million) after its latest funding round in August when it received $100 million.
Tiger Global Management, amongst the most prolific and influential investors in the Indian startup sector, has raised a new global fund of $2.5 billion.
Online food-ordering startup Swiggy is in advanced talks to raise $35-40 million (Rs230-265 crore) from internal investors like Accel Partners, SAIF Partners etc.
Grofers’ latest fundraise, its third this year, marks an over three-fold increase in the company’s valuation in about four months.
Cox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahindra.
Globally, Warburg Pincus follows a model of growth capital investments, with venture capital and buyout deals also included in the mix.
Well-funded cos are actively scouting to buy smaller startups that provide services of photographers, event planners, handymen, beauticians.
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