Amsterdam-listed Prosus NV, the investment arm of South Africa's multinational Naspers, terminated the $4.7 billion acquisition of online payments gateway company BillDesk, based in Mumbai, India. In a note published on Prosus’ website, Eoin Ryan, head of investor relations, said, "Certain conditions precedent were not fulfilled by the September 30,...
India’s Startups to Benefit from Chinese Crackdown
In an interview with Bloomberg, partner at March Capital Sumant Mandal said, "China’s market is of a size and scale that’s unmatched. But the risk-reward structure around China has changed, and investors from the U.S., Europe, Asia, and the Middle East are now looking to balance their portfolios by re-routing...
India is Home to 27 Unicorn Startups
Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...