As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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Tag: Bigbasket
Foodtech start-up BOX8 secures $1 m venture debt from Trifecta Capital
Mumbai-based on-demand food delivery start-up BOX8 has raised about $1 million (Rs 7 crore) in venture debt funding from Trifecta Capital. This development comes right on the heels of the start-up raising $7.5 million (Rs 50 crore) Series B funding from IIFL Seed Ventures Fund and Mayfield Ventur…
SoftBank sets eyes on several Indian start ups; likely to fund Paytm, Big Basket
Mumbai: Japan’s SofBank Group Corp, one of the world’s largest investors in startups, is considering major investments in upcoming Indian entities such as Paytm and online grocer BigBasket. The possibility comes on the heels of talks with Flipkart for a merger with Snapdeal, wherein SoftBank is a…
BigBasket eyes Rs 500 cr revenues from HoReCa segment
From the modest kitchens of middle-class homes to the pantries of India’s 5-star hotels, bigbasket has now established itself as the preferred grocery partner for all. In what can be called another milestone, bigbasket clocked Rs 100 crore annualized turnover by Mar 2017 from its B2B food s…
Nandan Nilekani teams up to set up VC firm to fund mid-stage start-ups
Bengaluru: Infosys Co-Founder and Aadhaar architect Nandan Nilekani is teaming up with venture capital investor Sanjeev Aggarwal to set up an investment firm that will back midstage startups, according to four people aware of the plans. The fund, with a corpus of at least $100 million, will consi…
World Bank’s IFC plans an aggressive foray into series A start-up deals
World Bank’s arm IFC is planning an aggressive foray into startups at Series-A level, as part of its recent push towards early-stage investing in India. Till now, it has backed more mature startups like Byju’s, Lenskart, Bigbasket and Blackbuck, with ticket sizes upwards of $5 million…
Retail start-ups see spike in orders, supply chain hit
Chennai: Startups, who had bet big on vegetable and fruit retail — like RainCan, DailyNinja and Ninjacart have seen an uptick in their orders even as management of their supply chain got tough with demonetisation. Online retailers said the length of the supply chain has been affected — from farme…
Planning a New Year party? These start-ups will help you out
New Year is around the corner and to add more cheers this time it’s falling on a weekend. While most of the people love to go out for a party, many love the idea of planning a house party as it’s more comfortable and pocket-friendly too. Given today’s fast moving life and busy schedules, people […
e-Commerce cos fail to log profits, investors choke off fund flow
With most e-retailers unable to scale up quickly enough to turn profitable, investors are holding back on investments, reports Anushree Bhattacharya in New Delhi. Data released by Tracxn Technologies shows fund flows have slowed sharply with just $3.7 billion coming in between January and Novembe…
Currency Switch Impact | Demonetisation powers online food delivery, grocery biz
While demonetisation may have led to a decline in sales of e-commerce firms due to the slowdown in cash-on-delivery orders, it has seen a rise in sales of companies which are into online food delivery business. For instance, foodpanda.in CEO Saurabh Kochhar said his firm has seen the number of or…