DC-based global alternative asset manager, The Carlyle Group acquired a significant minority stake in Delhivery Private Limited, India’s largest third-party supply chain services company focused on digital commerce. LBR reports that equity for this transaction came from Carlyle Asia Partners IV. Tiger Global, one of the existing investors of Delhivery,...
Five Trends for India Startups
Forbes reports that the underlying theme in India's startup ecosystem will be consolidation. The publication mentions five trends for this year's startup ecosystems: Growth of Vertical SaaS Vertical SaaS caters to a specific vertical, like hospitality, travel or retail, and data from startup analytics firm Tracxn, claims that over 60 startups...
Flipkart Claims User Base Exceeds 100 Million
India's e-tailer Flipkart crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. Its investors include Tiger Global, Naspers, Accel Partners, Morgan Stanley Investment Management, T Rowe, and GIC, Singapore’s sovereign wealth fund. The Bangalore-based company doubled its user base over the...
E-commerce Startup ShopClues, India, Valued at $1 Billion
A Series E funding by Nexus Partners, Tiger Global and GIC, the Singapore government’s sovereign wealth fund, has raised the valuation of the e-commerce company ShopClues to $1.1 billion. Headquartered in Gurgaon, India, the company was founded in California's Silicon Valley in 2011. This new "unicorn valuation" puts ShopClues in...
Ola India Gets Another $500 Million Investment
Led by new investor Baillie Gifford and existing backers, Falcon Edge, Tiger Global, SoftBank Group, DST Global along with strategic investor Didi Kuaidi (a China-based rival of Uber), Ola India acquired its F round of funding for $500 million. The company said that it would use the new capital to...
India: Fourth Largest Hub for Startups
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...