Flipkart suffers yet another valuation markdown

Flipkart22Just when Flipkart Internet Pvt. Ltd was consolidating its position under the new CEO Kalyan Krishnamurthy, a fresh bout of valuation markdowns could prove to be a damper. More so, as the largest consumer internet company in India had experienced a tumultuous 2016. In fact, Macquarie Group-owned Optimum Fund’s decision to lower the value of […]

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We didn’t want to compromise growth by going in for M&A, says Yatra’s Dhruv Shringi

Dhruv Shringi, Co-founder, Yatra.comOne of India’s fastest growing online travel agents and consumer travel platform Yatra Online has entered into a merger agreement with Terrapin 3 Acquisition Corporation, a NASDAQ-listed special purpose acquisition firm. The deal, which values Yatra Online at $218 million, was announced on July 14. Post the proposed merger, Yatra will be listed on NASDAQ […]

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Yatra.com to list on NASDAQ via reverse merger with US-based firm

Dhruv-Shringi,-Co-founder,-Yatra.com1Online travel agency Yatra has entered into a merger agreement with Nasdaq-listed special purpose acquisition firm Terrapin 3 Acquisition Corp (TRTL), the two companies said in a statement today. To be actualized in a phased manner, the proposed merger values Yatra at $218 million. TRTL was founded by asset and hedge fund manager Nathan Leight […]

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