The Economic Times



Sequoia, Matrix Partners drive $11 m funding round in Park+

Prominent angel investors, including Deep Kalra, Rajesh Magow, Ashish Hemrajani, Kunal Shah, Kunal Bahl and Rohit Bansal also participated in the round.

Snapdeal founders Kunal Bahl, Rohit Bansal lead Pre-series A funding in Azah

Azah had earlier raised a seed funding of $200,000 from the grou...

GoMechanic raises Rs 105 crore in latest round of funding

The investment will be used to support expansion into 10 more cities by the end of ...

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  • AngelList and ET picked these individuals for the access they enjoy, follow-on rounds they have backed and the overall quality of these startups. ET spoke to these angel investors for providing another filter to the shortlist.

    Paytm's Vijay Shekhar Sharma, Snapdeal's Kunal Bahl and Rohit Bansal, and Godrej consumer products CEO Vivek Gambhir also participated in the funding round.

    In the case, HUL claimed that the sellers had offered fake Indulekha-branded hair oil and hair cleanser on Snapdeal. The consumer goods company that owns the brand had made Snapdeal and its logistics partners party to the case.

    Raaga would be a pooled investment vehicle for founding team at Oyo to make collective bets on select startups. The move mirrors previous efforts by India’s top entrepreneurs- including Snapdeal founders- to create separate vehicles for their personal investments.

    The new round is expected to benchmark a new valuation for Snapdeal besides testing if its founders can win investor trust for the business after seeing a significant value erosion, said the first source mentioned earlier.

    Things had started falling apart for Snapdeal after June 2016 with the exit of Nikesh Arora.

    A couple of early stage startups are trying to address the problem of neighbourhood shuttle or micro-mobility. This is beyond bike-taxi startups, or bike rentals. The idea here is that these startups will move a group of people together for 3-5 km at a cheaper rate than a cab or scooter.

    The company hopes to cash in on the AI-enabled fashion rental store technology and virtual trial room launched this year by Rent It Bae and plans to integrate the virtual trial experience in all brand stores and Flyrobe’s apps by the next quarter.

    A host of investors are banking on new age startups for bumper returns. The latest funding secured by Amica is backed by a list of institutional investors including Greyhound Capital, 3One4 Capital, Germany’s Rocket Internet and Sequoia Capital.

    The case of work-visa holders from India, clearly illustrates the nature, substance and details of the impediments to legal immigration in America, it said.

    He alleged that some months back Snapdeal did not deliver the wrist watch he ordered, while a message from the site claimed it had reached his home. However, he got a refund when he complained.

    The Bengaluru-based firm plans to use the funds to deepen its tech capabilities, expand its teams and presence in Asia, the Middle East and other emerging markets.

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