He will lend his expertise to IDG Ventures portfolio companies on business growth, global expansion, team building and leadership.
The sources said that Flipkart could shell out around $60 million or Rs 400 crore for a majority stake in the New Delhi-based company.
Grofers said it has access to 23 dark stores in Delhi, Mumbai and Bengaluru and aims to have 50 in place by the end of this year.
Sequoia is considering plans to raise about Rs 5,000 cr for a new fund, after it underlined its strategy for an aggressive pace of investments.
Experts say this is a fallout of back-to-back capital infusions, overheated valuations and a thrust on growth over profitability.
The new fund will be overlooked by Parth Jindal, who is pursuing an MBA at Harvard Business School, according to a person directly familiar with the matter.
Many of the beauty and wellness startups take bookings by phone and about 50-70% of their customers are regulars, spending Rs 1,500 - Rs 1,800 a month.
Sterlite Technologies is seeking to capitalise on the Narendra Modi-led government's ambitious `Digital India' and `100 smart cities' initiatives.
The turmoil in the capital markets will only magnify the concerns around frothy valuation and potentially result in quality investors becoming more picky.
Qyk, which aggregates piano teachers to tax consultants, has raised Rs 6.5 crore in pre-series A funding from Growx Ventures, an early stage investment firm.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon