Bengaluru has emerged as the prime destination for IoT (Internet of Things) start-ups to set up base, as it accounts for 52 per cent of the total IoT start-ups in India, a study by Management Consulting firm Zinnov said. Bengaluru is followed by Delhi NCR with 12 per cent, Mumbai 11 per cent, Hy…
Tag: Tiger Global Management
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
Internet economy: Reality check at start-ups
For Indian Internet start-ups, this year turned 2015 on its head. Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016. It was a total departure from the previous year, when start-ups tou…
Flipkart investor Tiger Global reduces its stake in Amazon BY 67%
Tiger Global Management, which is the largest investor in e-commerce major Flipkart , has reduced its stake in US rival Amazon by nearly 67% in the March ended-quarter. The hedge fund has cut its exposure to 1.04 million shares worth $619 million as of March 31, down from 3.19 million shares wort…
VentureNursery’s demands in way of Oyo’s Zo acquisition
Budget hotel aggregator OYO Rooms has hit a hurdle in completing its acquisition of rival Zo Rooms with fresh demands from one of its early investors stalling the process, according to four people aware of the negotiations. VentureNursery, a Mumbai-based accelerator which was the first investor i…
Sequoia Capital finds it great to make new investments in startups
Sequoia Capital India strikes a discordant but optimistic note when it says 2016 will be of a “wonderful vintage” and a great year to make new investments in startups. Armed with its largest India-focussed fund of $920 million (Rs6,100 crore), raised this year, Sequoia is scouting for…
“Quikr Doorstep” to offer end to end platform facility
Classifieds portal Quikr said it would expand from listings and offer an end-to-end platform facilitating price negotiations, payment, pickup and delivery, as it looks to monetise its business. The company has launched “Quikr Doorstep” in 25 cities across mobile phones, electronics ap…