Mumbai-based early stage investment firm Kae Capital has reportedly closed its second VC fund at $53 Mn, a 32.5% increase from the estimated $40 Mn. According to sources, around 40% of the fundraise has been contributed by international investors and institutional backers like Quilvest, Velos Par…
Tag: MakeMyTrip
MakeMyTrip to launch MMT MyBusiness for SME corporate travel segment
MMT will focus on SMEs for growing the segment and around 2,500 SMEs have already expressed interest in adopting the product
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Indian e-Commerce witnesses consolidation; Smaller players face likely wipeout
With wary VCs drastically cutting their investments in cash-burning start-ups, top two players in many categories are standing out from the herd
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Internet start-ups top the enterprises chart in India; Delhi-NCR leads the clan
There is a boom in the number of internet start-ups in India accounting to a total of 18,648 across all major cities, suggests a latest report on the city-wise and sector-wise distribution of these enterprises. Delhi NCR takes up the top position with a whopping 6080 internet start-ups. Further c…
Goomo gets $50 m package from Emerging India
Singapore and Mumbai-based Goomo Holdings, which owns and operates travel tech start-up Goomo has raised $50 million (about Rs 332 crore) in funding from private equity firm Emerging India. The round, which has seen Emerging India pick up a majority stake in the company, is one of the largest rai…
Startup India: Centre needs to think scale like it did with Aadhaar
Digital India, Startup India and Make in India are synonymous in some sense as the visible thrust from the government has raised awareness and focus on startups. Within months of the government coming to power in 2014 there was a complete change in sentiment. Last year, IDG Ventures India saw 2,8…
Here’s how Chinese investors are helping Indian start-ups
The first time iXigo Founder Aloke Bajpai pitched to Fosun Kinzon Capital, the venture capital arm of Chinese conglomerate Fosun, it was through an interpreter. He was uncomfortable with the language barrier — a major factor that impedes the intermingling of the start-up ecosystems of the two nei…
Gurgaon may shine with big names, but Delhi homes more start-ups
The total number of start-ups in the NCR is 4,218 but guess what, Gurgaon is not topping this list. While Noida contributes to 20 per cent of the total number, with 784 start-ups, Delhi still has the lead with 45 per cent — concentrated mostly in South and Central Delhi. Nationally, Gurgaon comes…
Get ready entrepreneurs! SAIF Partners plans to invest in 10 new start-ups
Venture Capital firm SAIF Partners which was the early backer in companies such as MakeMyTrip, Paytm and Swiggy is likely to make at least 8-10 new bets during the current year, according to a top executive. “Historically we must have done 8-10 investments in a year. It will go at the same …
I want every rich Indian to start investing in start-ups: Paytm’s Vijay Shekhar Sharma
43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…