Why are some of the world’s smartest investors willing to value companies with no revenue and huge losses at billions of dollars? They know they have nothing to lose.
The Chennai-based company is negotiating with private equity major Warburg Pincus and two other investors according to two people privy to developments.
For Ritesh Agarwal, who left home in Odisha as a teenager to seek his fortune, carrying all his possessions wherever he went was second nature.
SoftBank has picked online aggregator of budget hotels OYO Rooms for its latest investment in India, by leading a Rs 630-crore funding round.
Take a cab, don’t buy a car’ is urban India’s newest trend, still nascent but likely to get stronger, as both experts and auto companies think.
MakeMyTrip has invested $5 million in Bona Vita Technologies Pvt Ltd, a startup founded by former Snapdeal chief technology officer Amitabh Misra.
He now has big ambitions for Droom. The portal which has about 6,500 listings, charges an online fee of about 2% for customers.
Companies like Myntra and Snapdeal have so far hired 8-10 McKinsey consultants each, Paytm will have another 8-9.
Realty portal Housing.com aims to close down some business units and renew its focus on building new products to generate advertisement revenue
Wrig Nanosystems, a medical technology startup founded by an IIT Delhi graduate, has raised Rs 15 crore in funding from Flipkart, Ranbaxy and Fortis and Round-Glass Partners’
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