Sergio Monsalve, a partner with Norwest Venture Partners, opines in Fortune that for international and emerging market ventures, 2015 will be the year of India. He mentions that Brazil, Russia, India, and China all had been developing and maturing very impressive Internet properties in the last few years, and some...
SoftBank to Invest $10 Billion in India
SoftBank plans to invest more than $10 billion in India, after Prime Minister Narendra Modi and telecom minister Ravi Shankar Prasad separately met the Japanese telecom and Internet giant's chairman Masayoshi Son. Son pegged India as the company's top priority. In his meeting with Prasad, Son highlighted the company's bullish...
Blue Chip Venture Capitalist Upbeat About India
Sequoia Capital's general partner, Douglas Leone is pleased with India. "We could not be more thrilled. We don't have 25-30 category leaders in the United States; we don't have [as many] in China right now, but we have it in India," said Leone, whose fund has backed companies such as...
FlipKart raises $200 million from current investors
India's ecommerce leader, Flipkart has just raised $200 million from a clutch of private equity funds, the company said on Wednesday, in what could be the single largest investment in an e-commerce company in the country. The money was raised from South African technology group Naspers Ltd and private equity...
India's Amazon, Bangalore-based Flipkart raises $150 million round
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi who worked for Amazon.com. Core to its success in India, Flipkart offers multiple payment methods: credit card, debit card, net banking, e-gift voucher, Cash on Delivery and Card on Delivery....