- News Roundup: 11 Startup Stories You Don’t Want To Miss This Week [16 January – 21 January] Flipkart’s valuation had a rough 2016 and 2017 seems to have given it no respite either. Once again, US-based mutual fund investor T. Rowe Price has reduced Flipkart’s valuation by another 4% to about $9.9 Bn. T. Rowe Price had invested about $100 Mn in Flipkart, in December 2014, when the firm raised $700 Mn funding. […]
- Funding Galore: Startup Fundings Of The Week [9 January – 14 January] In what could be termed one of the most spoken-about announcements in the real estate sector (and the most inevitable), Softbank-backed Housing.com announced that it was merging with rival PropTiger. As part of the transaction, PropTiger’s eventual investor REA Group Limited will invest $50 Mn in the joint entity with an affiliate of SoftBank Group pumping […]
- Real Estate Portal Square Yards Raises $10 Mn Funding In Part Debt Part Equity Deal Just two months after raising $12 Mn round from Anil Ambani’s Reliance group, Gurugram-based real estate portal Square Yards has received another $10 Mn into its banks. The funding is led by a group of high net worth individuals including global beauty brand L’Occitane CEO Andre Hoffman and the family office of Kanpur-based Lohia Group. As per […]
- Funding Galore: Startup Fundings Of The Week [7 November – 12 November] Ecommerce major Flipkart’s valuation took another beating as two of its mutual fund investors marked down the value of their holdings in the company. Mutual fund Valic marked down the valuation of Flipkart shares from $108.04 (May end quarter) to $95.84 (August end quarter), a decrease of 11.3%. On the other hand, Fidelity marked down […]
- Anil Ambani’s Reliance Group Invests $12 Mn In Realty Startup Square Yards Gurugram-based online to offline (O2O) real estate transaction player Square Yards has raised $12 Mn investment from the private equity arm of Anil Ambani-led Reliance Group. Founded in 2013 by Tanuj Shori, Square Yards is a tech-enabled transaction and aggregation platform for global real estate. The company will use the newly raised funding to strengthen its distribution […]
- News Roundup: 12 Startup Stories You Don’t Want To Miss This Week [25 July – 30 July] In a bid to have a leaner organisation structure, and make better utilisation of its cash resources, Flipkart will let go number of its employees based on performance. The company has given 700-1000 of its employees an option to either resign or be sent off with severance pay. Important Development Of The week Paytm, Zomato, […]
- Realty Startup Square Yards Acquires Design Studio Oryden Tech Labs Indian real estate aggregator startup, Square Yards, has acquired creative and design studio, Oryden Tech Labs, for an undisclosed amount. As a part of the deal, the entire team of Oryden Tech Labs will join Square Yards. Founded by Keyur Bhalavat and Ravi Patel, Ahmedabad-based Oryden started as a 3D architectural design studio. It offers […]
- News Roundup: 11 Stories You Don’t Want To Miss This Week [6July – 11July] Housing.com, this week named its chief operating officer Rishabh Gupta as the interim chief executive, a week after the former CEO Rahul Yadav got fired from the company. Lets have a look at the important developments of the week: Taxiforsure CEO Arvind Singhal quits He resigned from the company and Pallav Singh who is one of […]
- Real State Advisory Firm Square Yards Acquires Singapore-Based Luxe Real Estate Gurgaon-based Squareyards has acquired Luxe Real estate, a Singapore-based real estate advisory firm. This acquisition will enable Squareyards to have direct access into the prime district areas of Singapore real estate market and catapult it into the top 30 agencies by number of agents.The entire team of Luxe will join Squareyards as agents. Also the […]
- Funding Galore: Startup Fundings Of The Week [15 June – 20 June] Alibaba Group and Foxconn Technology Group are in talks to invest over $500Mn in Snapdeal.com and if the deal goes through Snapdeal will be valued at about $5Bn. It was also reported that Alibaba and Foxconn decided to take over 10% stake in Snapdeal through this deal. Apart from this, Foxconn has also tied up […]
- Real Estate Search & Discovery Startup Realizing Merges With Square Yards Real estate advisory Square Yards has merged with online search & discovery platform, realizing.in. The entire team of Realizing.in would join Square Yards, with its founders, Vivek Agarwal and Hitesh Singla, joining Square Yards executive committee as partners. Realizing.in portal would be rechristened as Square Yards and the group would continue to build research and […]