OYO Launches Workspaces With Acquisition of Innov8
Gurugram-headquartered hospitality unicorn OYO Hotels and Homes has officially announced its vertical expansion into the coworking real estate segment with the launch of OYO Workspaces.
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eBay Acquires Stake In Paytm Mall To Expand India PresenceUS-based ecommerce company eBay has announced a strategic partnership with Paytm Mall along with acquiring a 5.5% stake in the Indian ecommerce marketplace.
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Startup News Snippets
M&A News
Editor’s Weekly Pick
Entrepreneurial success looks far too easy in newspaper headlines than in reality. Here is a great short-note by IIMB alum, former banker and fund manager at Gaja Capital – Avinash Luthria, on things that aspiring entrepreneurs must evaluate before making the big leap. It does set a high-bar for us 🙂
–Abhishek
Market Pulse
- Flipkart co-founder Sachin Bansal has invested $29 Mn into Ajay Piramal owned Piramal Enterprises
- Bengaluru-based food delivery unicorn Swiggy is in talks with Korea Investment Partners, Mirae Asset Management, STIC Investments and Neoplux for a $500 Mn funding
- Mumbai-based venture fund Unicorn India Ventures launched its second equity fund worth $4 Bn. The venture fund will focus on investments in Pre Series A and Series A
- Delhi-based gaming company WinZO games has announced a $1.5 Mn fund to support game developers and acquire content for the platform
- Prolific angel investor Sanjay Mehta has now expanded his horizons with setting up a new venture capital firm called 100X.VC
- Kolkata-headquartered conglomerate, ITC Limited, is now looking to invest directly in Indian startups, with a focus on fast-moving consumer goods
- Hong Kong-based hedge fund Steadview Capital is looking to invest $500 Mn in growth-stage companies in India over the next two years