Zomato In Talks For New $1 Bn Fundraise To Counter Swiggy’s Latest Funding
Gurugram-based food tech company Zomato is in talks to raise funding round of $500 Mn to $1 Bn from Chinese PE major Primavera Capital and Alibaba payments affiliate Ant Financial, along with other investors.
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Foreign fund outflow from India, other Asian markets hits seven-year high in 2018
Foreign outflows from Asian equities were the biggest in at least seven years in 2018 as the Sino-U.S. trade war and slowing profits battered regional stocks last year. Read More
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Editor’s Weekly Pick
The value of Bitcoins and crypto-currencies may have tanked during the last year, but there are compelling reasons for why ICOs may make sense to fuel entrepreneurship in the future. Here’s a recent TED talk with some interesting ideas.
-Abhishek
Market Pulse
- Ahmedabad-based Infibeam Avenues dissolved the deal to acquire Unicommerce eSolutions from Snapdeal. According to the company, the deal has been terminated because the precedent conditions for the deal were not fulfilled in the time period agreed on during negotiations.
- Mumbai-based edtech startup Fusion Klassroom Edutech Pvt. Ltd. is looking to raise $2 Mn to cater a network of more than 450 Klassroom centres within 12 months including 325 smart centers and 130 flagship centres building up capacity of 50K students across 5 cities to become the largest network of branded coaching classes in India.
- Kerala has approved its departments and autonomous institutions to invite startups registered under the Kerala Startup Mission (KSUM) to implement their IT projects that cost upto $143K.
- YES Bank, India’s fourth largest private sector bank, launched its YES SCALE accelerator programme for cleantech and agritech startups in November 2018.