ShrutikaVerma
Stories by ShrutikaVerma
VCs in India scramble to sell stakes in old portfolio firms, seek fund extensions
VCs have been unable to get exits from all of the portfolio companies of their first funds. Consequently, they are exploring four options -- selling l
India: Grofers in talks to raise up to $65m at 40% lower valuation
If the funding round is finalized, it will dispel doubts about whether Grofers can survive, at least for the next year or so.
Walmart keen on buying India’s Flipkart but SoftBank opposed to sale
Walmart is in talks to buy a large stake at a price that could value Flipkart at $20-23 billion.
India: Paytm share sale creates more than 20 millionaires
Some 20-25 people made over $1 million each in the latest sale aimed at rewarding staff. The dollar millionaires include Paytm Canada’s chief execut
Brokerage firms Nomura, HSBC, Morgan Stanley divided on Zomato’s valuation
In last six months, three different brokerages have valued firm Zomato at extremely varied levels ranging from $700 million to $2.5 billion
India: Paytm to touch $10b valuation after secondary share sale
Paytm was valued at about $7b in May 2017 when it raised $1.4b from Japan’s SoftBank.
India: Paytm launches investment arm, to inject $10m in new entity
Paytm Money is the fourth product from One97’s stable after Paytm Mall, Paytm Payments Bank and Paytm wallet.
Self-drive rental startup Zoomcar in talks to raise $50m to fund expansion
Zoomcar’s funding talks have progressed furthest with car and tractor manufacturer M&M
India: Flipkart in talks to buy stake in BookMyShow
BookMyShow may be valued at $500-700 million if the proposed deal goes through.
India: Zomato in talks with Alibaba’s Ant Financial to raise up to $200m
The deal may value Zomato at between $800 million and $900 million.
