According to the Ministry of Finance's Economy Survey 2014-15, India is becoming the world’s fourth largest center for venture and angel funded startup businesses. The country's technology sector is fueling this growth especially in the online space, where 240 million Indians now have internet access, according to research group IMRB...
Startup BankBazaar Scores a $60 million Series C Led by Amazon
Virtual financial marketplace, BankBazaar, raised a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International reports Tech Crunch. With this investment, Amazon enters the online personal finance market. Located in Chennai in the southern state of...
Indian Companies Continue to Witness Rise in Merger and Acquisition Deals
Live Mint reports that according to the latest Deal Tracker report by Grant Thornton India Llp., Indian companies continue to witness an upward trend in M&A deal values. A snapshot of the news in the table below: Inbound DealsJanuary 2015 118 deals were closed worth $3.4 billion up by...
Go East, Young Entrepreneur!
Here are three stories of entrepreneurs that went east to India, survived, and succeeded: Valerie Wagoner started her company ZipDial, which was acquired last month by Twitter, based on her insight of the potential of missed calls in the bandwidth deprived Indian mobile market. In 2013, Greg Moran and David...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...
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...