Several startups have emerged recently to signal the potential in India. Digital payments giant Paytm reached a valuation of $16 billion, making it the most valuable in the country.
The company said it will use the funds to add more tele-consultations to link up customers with the 60,000 brick-and-mortar pharmacies and 4,000 doctors it already has on its books.
Nearly 67 of the 100 unicorns in India came into existence after 2005, a Credit Suisse report says, noting changes in regulatory, business and funding environment.
Japan's Softbank, China's Alibaba & US' Sequoia are big players in start-up space, but India doesn't have a serious venture capital sector with risk appetite.
Startups are vital to India’s economic growth. To ensure they are not subject to onerous influence from foreign investors, we need to build up a venture capital industry.
My firm Netcore faced a big crisis in 2007-08. Before I realised it, we were losing Rs 1 crore a month, chasing a mythical valuation of a capital-fed consumer business.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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