- Gaming Startup Smaaash Raises $3.8 Mn From Sixth Sense Ventures Sachin Tendulkar backed virtual reality gaming and entertainment company Smaaash has reportedly raised $3.8 Mn (INR 25 Cr) from Mumbai-based consumer-centric VC firm, Sixth Sense Ventures. According to sources, the latest fundraise by Smaaash is part of a larger round, which is slated to take place in the coming weeks. Depending on the final round […]
- Funding Galore: Indian Startup Fundings Of The Week [15 May – 20 May] Paytm raised $1.4 Bn funding from SoftBank Group, the Japanese Internet and telecom major. The investment was done in Paytm’s parent company One97 Communications. With this move, SoftBank has joined Alibaba Group as a major shareholder and will take a seat on the Paytm board. Also, Sixth Sense Ventures founder and CEO of Nikhil Vora […]
- Former IDFC MD Nikhil Vora Pockets $23 Mn By Selling Paytm Shares To Alibaba Sixth Sense Ventures founder and CEO Nikhil Vora has managed to rake in about $23.4 Mn (INR 150 Cr) by selling his stake in One97 Communications, Paytm‘s parent company. The stake was sold to Chinese ecommerce giant Alibaba Group Holdings. Alibaba and its affiliate Alipay now jointly hold about 45% in One97 Communications. Vora worked with IDFC […]
- Car Fleet Management Platform Mind Your Fleet Rides In Funding – Eyes Global Market Traditional car rental companies are struggling to run their businesses, ever since Uber and Ola have entered the Indian market. But the majority of their concerns lie elsewhere. At any given point in time, a car rental company utilises only a fraction of its their fleet. This, in turn, leads to wastage of money and […]