Hedge funds were all over the Indian startup scene last year. Look around now and it will be hard to spot one. They have simply fallen off the cliff in 2016. There have been only 10 deals involving hedge funds in the first three quarters of 2016, compared to 50 deals in the same period […]…
Tag: Tiger Global
Demonetisation Effect | Hiring may shoot up as Fintech start-ups gain galore
Fintech startups are proving to be the biggest beneficiaries of the government’s demonetisation move and with the rise in business, recruitment plans of these companies are likely to see a significant uptrend in the coming months, experts say. E-wallet companies like Paytm, PayU India, Mobi…
NestAway raises $30 m in series C funding
NestAway Technologies Pvt Ltd, the Bangalore-based leader in the ‘managed’ home rentals market, has raised $30 million in a Series C financing led by Tiger Global, Yuri Milner, the Russian billionaire investor/founding partner of DST Global and IDG Ventures India. Flipkart’s former head of operat…
Online marketplace shopclues drops regional operations, eyes cities for growth
Online marketplace ShopClues is looking to expand its seller base and make intra-zonal shipments the norm to speed up deliveries and reduce logistics cost, a move that comes at a time when etailers are seeking to fulfill orders faster than their competitors as discounts take a back seat. “W…
Ratan tata invests in home rental network NestAway
Tata Sons chairman emeritus Ratan Tata has invested an unspecified amount in NestAway Technologies Ltd, the leading home rental network firm said on February 28. “As a pioneer in home rental network, NestAway promotes furnished and managed apartments and provides them at affordable prices t…
Start-up backed by Flipkart founders, Tiger Global unveils electric scooter
Ather Energy, Bengaluru-based automotive start-up backed by Flipkart founders and Tiger Global, unveiled its first smart electric scooter S340 on February 23. The price of the scooter is yet to be decided and it will be available only through Ather’s website by the end of this year. The S340 has…
Ajay Piramal spots value in Venture Capital Investing
The family office of Ajay Piramal is stepping into venture capital investing to get a slice of the fast-growing entrepreneurial ecosystem in the country. Known as being one of the savviest value investors in India Inc, Piramal is backing the newly floated Montane Ventures, an early-stage fund, as…
VC investments in Non-Tech firms surge in 2015
There is nothing new about Venture Capital (VC) funds globally investing outside technology businesses. But, this is now getting traction in India. When Sequoia invested in craft-beer company Bira91 this month, it only accentuated the trend that saw record investments of $1.9 billion in 2015 acro…