IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup Programme

IIM-B, Goldman Sachs select 15 entrepreneurs for Women Startup ProgrammeIndian Institute of Management Bangalore’s NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) and global investment bank Goldman Sachs have selected 15 women entrepreneurs-in-the-making and their ideas for incubation over the next year, under the final phase of the Women Startup Programme. The 15 women who have been selected will receive a fellowship of Rs 40,000 […]

Read more

Exclusive: Ethnic wear marketplace Indofash secures angel investment

IndofashBengaluru-based ethnic wear marketplace Indofash Ethnic Pvt Ltd has secured Rs 1 crore ($146,000) in funding from two angel investors, co- founder Pallavi Mohadikar told Techcircle. Mohadikar, an IIM Lucknow alumna and a former Goldman Sachs employee, said the startup received funding from Shekhar Sahu and Nitesh Pant. Sahu and Pant are the co-founders of […]

Read more

Flipkart may hire I-bankers to raise funds

VCCircle_Flipkart8India’s biggest e-commerce marketplace Flipkart India Pvt. Ltd is reportedly in talks with several investment banks, including the US-based Goldman Sachs Group Inc. to attract investors for a new round of funding. In a report, the Mint on Friday said that the Bangalore-based company “is now considering appointing an investment bank for the first time […]

Read more

IDG in advanced talks to sell itself to Chinese investor group: report

IDGUS-based publishing and investor group International Data Group Inc. (IDG) is in advanced talks with a Chinese investor group to sell itself for over $1 billion. The investor group is led by IDG of Greater China chairman Hugo Shong, according to a Reuters report on Tuesday, citing unnamed sources. The names of other investors and […]

Read more

Snapchat ​aims to raise $4 billion in IPO

Fund-raisingUS-based instant messaging app Snapchat is reportedly planning to raise as much as $4 billion in its initial share sale. According to a report in Bloomberg, the initial public offering (IPO) could value Snapchat, owned by Snap Inc., as high as $40 billion. The report added that,  according to people with knowledge of the development, […]

Read more

Alibaba Group’s global MD Gowrappan joins Paytm board

PAYTM_Ankit_feAlibaba Group’s global managing director K Guru Gowrappan has joined Paytm’s board as an additional director. This marks the third top-level appointment in the digital wallet firm during the last one week. On October 20, Paytm announced that Amit Singhal, the former head of Google search, will join Paytm’s board of directors, while on October […]

Read more

Goldman Sachs executive Mark Schwartz to join Paytm’s Board

Mark SchwartzOne97 Communications Ltd, which runs mobile wallet and e-commerce platform Paytm, on Monday announced that Mark Schwartz, vice chairman of US-based investment banking major Goldman Sachs Group and chairman in Asia-Pacific, will join its board, according to a statement. Schwartz, who is currently based out of Beijing, has been a member of Goldman Sachs’ management […]

Read more

Morgan Stanley, Goldman Sachs to be lead bankers for Snapchat’s IPO

snapchatPhoto messaging service Snapchat is all set to hit the markets. With its initial public offering slated for March, Snap Inc, Snapchat’s parent, has shortlisted banks to lead and manage the exercise. Morgan Stanley and Goldman Sachs Group will lead the offering, a report by news agency Bloomberg citing unnamed sources stated. Besides these, J […]

Read more