An increasing number of services startups are aggregating handymen together in a highly fragmented but huge market mostly on mobile-only platforms.
Accel Partners, Matrix Partners India, Sequoia Capital India and Helion Venture Partners have in the past eight months elevated executives in their early to late-30s to top ranks.
Venture capital firms' top deck grows younger; elevating executives in their thirties to highest levels
Firms like Matrix Partners, Accel, Sequoia elevating executives in their thirties to highest levels.
The deal would give Grofers' valuation a three times jump since it announced its previous round in February this year, which valued it at Rs 205 crore.
LocalOye, which lists local and home services across Mumbai, has raised its first round of venture capital funding from Lightspeed Venture Partners and Tiger Global Management.
Tech startups have emerged the top draw for VC investors so far this year, as early stage investors breached $1 bn in investments in the country.
The startup’s mobile app allows users to hire vehicles for relocation or to move perishables, ecommerce deliveries and even construction supplies.
Info Edge said in a filing to the exchanges that it is investing its “proportionate share of Zomato’s recent fundraise of $50 million”.
Ola ropes in DST Global and Falcon Edge Capital to participate in a new round of funding of Rs 2,500 crore
The deal values the Bengaluru-based Ola at about Rs 15,000 crore, or $2.5 billion, according to multiple sources familiar with the development.
"We entered the online lending space recently. We plan to commit significant investment to building this aspect of our business,"
- No blogs yet have been written by the author, we’re sure the author will contribute one soon