With the demand for personal transport soaring during the pandemic, as well as a dearth of new vehicles due to semiconductor shortages, Delhi-NCR based used-car platform Cars24 just raised $450 million and nearly doubled its valuation to $1.84 billion. The new fund raise included a $340 million Series F equity...
VC March Capital Partners Focuses on Startups in India
One of the largest global funds in Southern California, March Capital Partners founded by Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery, is now focusing on startups in India in the areas of data science, machine learning, and artificial intelligence. In an interview with the Economic Times, Mandal said, "There are...
India Ecommerce Company Receives $700 Million in New Funding
An article in Hindustan Times reports that Flipkart, India’s largest e-commerce marketplace, announced $700 million in the latest round of funding from new investors Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates, Qatar Investment Authority, along with existing investors DST Global, GIC, ICONIQ Capital and Tiger Global. The...