Venture capital investors poured $3.98 billion across 329 deals in the first nine months of 2015, data from financial research firm VCCEdge has showed.
Rise of vibrant private market for emerging businesses? Flipkart, Snapdeal,Practo investing in or buying startups
The lack of exit opportunities for investors and founders through acquisitions has been a major topic of concern in the Indian startup ecosystem.
Quikr is close to acquiring a majority stake in realty portal CommonFloor with the pay-out estimated to be worth about Rs 330 crore.
Sequoia is investing Rs 40 crore in Backwater Technologies, the startup behind Chillr app which allows users to transfer money to any contact in their phone book.
Shopalyst, a 16-month-old startup founded by four veterans from Infosys and currently in beta testing phase, has raised $2 million from Kalaari Capital.
The announcement comes a week after ET reported that the Gurgaon-based startup was in the final stages of closing its latest round of funding.
For Flipkart and Snapdeal, this festival season will be about establishing their dominance, but they are unlikely to give margin-eroding discounts.
Saavn, which recently raised a $100-million round of funding, has roped in former Vodafone global CEO Arun Sarin as an investor and strategic advisor.
The decision to invest also comes at a time when Snapdeal is making an ambitious bid to build a complete ecommerce-focused ecosystem.
Capabiliti, a self-service platform, helps onboard, train and assess remote employees, vendors and clients of companies employing field workforces like sales agents and delivery boys.
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