SoftBank, an investor in Blinkit, got Zomato shares as a part of the Indian food delivery firm's acquisition of quick grocery-delivery startup last year.
Zomato, which acquired the quick grocery-delivery startup Blinkit for $538.05 million last year, had issued a 3.55% stake to investor Softbank as part of the deal.
Varma resigned on 14 March due to 'personal commitments and other pre-occupations,' Paytm said. Varma also quit from the board of PB Fintech the same day.
The round values Cars24 at $1.84 billion, almost doubling from the end of last year. It’s starting conversations about an IPO and aims to go public in 18 to 24 months.
Oyo carries a valuation of $9.6 billion after Microsoft's investment, third in the country behind Byju’s and Paytm. The startup is due to file IPO documents in the coming weeks.
Mindtickle, based in Pune and San Francisco, hit a valuation of $1.2 billion. It provides what it calls sales readiness technology that companies can customise with their own content and data.
Valued at $2.5 billion, according to founder Peyush Bansal, Lenskart plans to use the capital to expand online sales and add brick-and-mortar stores in India, Southeast Asia and the Middle East.
Oyo, one of the larger startups in the SoftBank Group’s portfolio, was struggling to restructure and whittle down loss-making operations even before the pandemic obliterated travel.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
Sama, Bikhchandani, Arora and others are from elite families of Delhi/Noida/Gurgaon. They study in fancy schools (usually IB curriculum) and are able to get into colleges like St. Stephen’s because of their connections and social capital. The same connections and social capital lead them onwards to Wharton Business School and other such prestigious institutions.
Their lives are an example of how being born into privilege, in rich and well connected families makes a person’s life smooth.
Sama, Bikhchandani, Arora and others are from elite families of Delhi/Noida/Gurgaon. They study in fancy schools (usually IB curriculum) and are able to get into colleges like St. Stephen’s because of their connections and social capital. The same connections and social capital lead them onwards to Wharton Business School and other such prestigious institutions.
Their lives are an example of how being born into privilege, in rich and well connected families makes a person’s life smooth.