Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

EXIT_FREE2Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While US online retailer eBay, Chinese […]

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Why Inventus’ Kanwal Rekhi doesn’t regret giving Flipkart, Snapdeal a miss

Kanwal RekhiMany moons ago, Kanwal Rekhi and John Dougery, the founding partners of Inventus Capital, carefully examined two fledgling e-commerce ventures but passed up the investment opportunity. The two startups—Flipkart and Snapdeal—have eventually gone on to become unicorns valued several billion dollars. However, the Indian-American businessman and investor Rekhi has no regrets about not taking a […]

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Exclusive: Amazon elevates India head Amit Agarwal

For-Amazon-Amit-Agarwal-Story-TC_ThinkstockPhotos-1809439971US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with the development told VCCircle. The meatier role is a likely reward for Agarwal’s successful efforts in building the India business organically despite the presence of […]

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Are startups and investors doing enough to check sexual harassment?

Sexual-harassmentEarly this week, several women alleged sexual harassment by Arunabh Kumar, founder and chief executive of digital entertainment channel The Viral Fever (TVF). The issue has brought to spotlight low compliance levels at Indian startups when it comes to guidelines on prevention of sexual harassment at workplace. At early-stage startups, a framework to handle cases […]

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Stayzilla co-founder Vasupal arrested; wife alleges harassment by vendor

Stayzilla’s co-founder Yogendra VasupalYogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operations last month. Vasupal’s wife and Stayzilla co-founder Rupal Yogendra told VCCircle […]

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Exclusive: Flipkart appoints commerce platform finance head as CFO

For-Sriram-Venkataraman-Flipkart-Hiring-Story-TC_ThinkstockPhotos-51559605211Homegrown e-commerce major Flipkart has elevated Sriram Venkataraman, the chief financial officer of its commerce platform as the company’s finance chief. Venkataraman took over as CFO in January, a spokesperson told VCCircle, adding that this was part of the organisational changes made that month. “We are in the process of hiring a group CFO,” the […]

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Uber founder, India head named in notice alleging bribery after road mishap

Uber_big_feA Mumbai woman has sent a legal notice to the founder and India head of Uber Technologies Inc after a cab operated by the taxi-hailing firm hit her husband and left him comatose. The legal notice, sent by Nahid Ali through law firm MZM Legal, alleged that the cab driver and an Uber representative sought […]

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BHIVE funding fiasco – Are there any lessons for startup entrepreneurs?

Shesh-Rao-Paplikar_FEThe road outside the BHIVE Workspace office was teeming with cricket fans at around 4 pm on 7 March as they waited excitedly for the return of the Indian team to The Ritz-Carlton Hotel, where it was staying, after a win against Australia in a test match. The mood inside the BHIVE office was in […]

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Why Paytm levied 2% fee on recharge via credit card, and MobiKwik latched on

For-E-payments-Infra-2_ThinkstockPhotos-505770038India’s mobile wallet companies have a knack for being in the news. Just a day after Vijay Shekhar Sharma-led market leader Paytm said it will levy 2% fee for adding money to the wallet using credit cards, arch-rival MobiKwik has announced that it will continue to offer “free” uploading of money to its wallet, including […]

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How two women vaulted over stereotypes to launch a game changer for investors

Monel Amin and Hansi MehrotraFor all the progress women have made, they remain a rarity in the finance world, partly because of the impression that they are second-best when it comes to crunching numbers, analysing data and understanding the fine nuances that, oftentimes, make all the difference. Women starting up in the finance world is even more rare, for […]

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