Accel''s India fund wrote an $800,000 seed check into Flipkart, an Amazon look-alike, at a $4 million post-money valuation — the company's first institutional money — and held its position through Walmart's 2018 acquisition of a roughly 77% stake for about $16 billion, a deal that valued Flipkart north of...
Sequoia Capital Raises $1.35 Billion For India and SE Asia
Sequoia Capital announced that it has received commitments of $1.35 billion for new investments in India and southeast Asia.. According to Shailendra Singh, Managing Director, Sequoia India, the three Sequoia India funds will continue to invest across India and Southeast Asia (SEA). They will be used to double down on...
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...