Saritha Rai
Stories by Saritha Rai
Tiger Global ramps up focus on India, scouts for startup deals
The rising interest in India occurs as investment in China’s recently booming startup sector faces a steep drop-off.
Flipkart-owned PhonePe to become new entity, explore $1b fund raise
The funding may close in the next couple of months, said sources.
Tencent, Paytm mull $100m investment in Indian video startup MX Player
The MX Player deal may offer Tencent a foothold in India, where smartphone users are proliferating.
WeWork considers $1.9b deal for majority control of India affiliate
The New York-based company is in talks to buy around 70% of WeWork India at a valuation of about $2.75 billion.
SoftBank Vision Fund leads over $200m funding in Indian online grocer Grofers
Tiger Global, Sequoia Capital and new investor KTB joined the round.
Tracking the rise and fall of India’s billionaires
The country will lead the global growth in ultrahigh net worth individuals, with its numbers rising 39 percent to 2,697 by 2023.
Why Ola co-founder Bhavish Aggarwal spurned existing investor SoftBank’s $1.1b offer
Ola co-founder Bhavish Aggarwal is fighting to maintain his independence against SoftBank Group Corp.
Baring, L&T said to be lead bidders for stake in India’s Mindtree
The deal would be valued at about 34 billion rupees ($480 million) at the top of the price range.
Advantage Ambani, setback for Amazon as poll-bound India plays to gallery
The upcoming elections have increased the influence of local retailers that lobbied for growth-crimping curbs on the US giants.
