Friday, April 19

Tag: kotak

Real Estate Startup Propstack Secured Funding from PE Professionals
8Feb By Ankita SinghNo Comments
FUNDING

Real Estate Startup Propstack Secured Funding from PE Professionals

Mumbai based real estate intelligence provider Propstack Services Pvt Ltd has received funding in a latest round from high profile private equity and hedge fund professionals. The investments are reportedly made in a personal capacity, however, the amount of funding was not disclosed. The funding will be utilized to accelerate the adoption and development of Propstack platform with the help of industry experts. The investor board of Propstack now includes S Sriniwasan, MD of Kotak Investment Advisors, Shanti Ekambaram, president-consumer banking Kotak Mahindra Bank’s, Ashish Khandelia, KKR Director, and US-based Rohatyn Group’s managing director TS Sivashankar. Founded back in 2013, by Raja Seetharaman, Shubhankar Dongre and Sandeep Reddy, the startup provides information on comme...
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Funding Squeeze Causing Stricter Evaluation of E-commerce Models
21May By Press Trust of IndiaNo Comments
ANALYSIS

Funding Squeeze Causing Stricter Evaluation of E-commerce Models

A tightening funding environment has prompted Indian e-commerce ecosystem to adopt stricter evaluation norms for business models, with focus on profitability and consolidation, a report said. "We believe this (e-commerce) shake-up may intensify further, leading to the emergence of one or two strong companies within each sub-sector," said the research report by Kotak Institutional Equities. A lack of fresh funding as well as stricter focus on profitability by investors is leading to swift business model changes by companies, it said. Further, the current wave of consolidation among e-commerce players may intensify, leading to fewer, stronger players emerging within each category. "Low valuations may prompt brick-and-mortar companies to take over some e-commerce rivals, in a bid to mak...
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