Wednesday, April 24

Tag: Tiger Global

Online Videos Creator The Viral Fever Raises $10 million Funding
17Feb By AnkitaNo Comments
FUNDING

Online Videos Creator The Viral Fever Raises $10 million Funding

Tiger Global another investment in India and, this time, they invested $10 million (Rs.65.6 crore) in India's popular online video content creator The Viral Fever (TVF) also known as Qtiyapa. As per the report, Tiger Global has picked up close to 25% stake in the firm valuing it at around Rs.270 crore. The Viral Fever aka Qtiyapa was set up by IIT graduate Arunabh Kumar in 2010. He was later joined by Amit Golani and Biswapati Sarkar. For Tiger Global, this is the second investment in the online video content space. In 2015, Tiger, along with venture capital fund Zodius Capital, invested $18 million in Culture Machine, which runs the Being Indian and several other YouTube channels. READ: Podcast with Arunabh kumar (The Q-tiyapa Guy) The American investor has stakes i...
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Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million
21Dec By AnkitaNo Comments
News

Accel Partners sells fractional stake in Flipkart to Qatar Investment Authority for $100 million

Accel Partners has sold a fractional stake in Flipkart to Qatar Investment Authority for $100 million (about Rs 650 crore), in a deal that values India's biggest online marketplace at $15 billion, according to two people aware of the transaction. Accel, the first venture investor in Flipkart, remains the second-largest shareholder in the e-commerce company behind New York-based hedge fund Tiger Global Management. Qatar Investment Authority, the sovereign wealth fund of the Arab nation, was one of five new investors in Flipkart in December 2014 when the online retailer raised $700 million at a valuation of $11 billion. Flipkart, in a recent regulatory filing, posted a loss of about Rs 2,000 crore for the fiscal year ended March 2015. Valuations of Indian internet companies are be...
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Logistics startup BlackBuck raises $25M from Tiger Global
10Dec By PriyankaNo Comments
News

Logistics startup BlackBuck raises $25M from Tiger Global

BlackBuck, a business-to-business logistics startup, has raised $25 million in Series B funding from Tiger Global and other investors. Russian billionaire investor Yuri Milner’s Apoletto fund and existing investors Accel Partners and Flipkart also put money in this round, BlackBuck said in a statement. The startup, owned by Zinka Logistics Solutions Pvt Ltd, would use the funds for expansion, to build products and set up the team. BlackBuck was founded in April this year by IIT Kharagpur alumni Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam B. It had received $5 million in funding earlier this year from Accel Partners and Flipkart. BlackBuck has 200 employees and has presence in 40 locations across the country. It plans to expand to 200 locations over the next year. The c...
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Shocking: India’s Biggest Ecommerce Platform Unable To Find a Chief Financial Officer Since February
29Nov By No Comments
News

Shocking: India’s Biggest Ecommerce Platform Unable To Find a Chief Financial Officer Since February

India’s most respected and loved E-commerce site, Flipkart founded by two college friends who studied together at IIT-Delhi and worked together in Amazon.  It's revenue is estimated to be somewhere between $500 million to $1 billion, to create which it has had to pull in around $200 million in venture funding over four rounds till now. But since February this year, Flipkart been unable to find a Chief Financial Officer after its erstwhile CFO Karandeep Singh resigned unexpectedly. Singh, an experienced professional had joined Flipkart just over a year before his resignation. He was widely regarded as sort of the “grown up” hired to steer Flipkart towards a successful IPO, akin to, say, Sheryl Sandberg at Facebook. Needless to say Singh’s exit came as a huge shock to entrepreneurs, inve...
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How ‘Inshorts’ raised $20 million from $4 million – Straight from the founders view
10Jul By AdityaNo Comments
Entrepreneurs Talk

How ‘Inshorts’ raised $20 million from $4 million – Straight from the founders view

Inshort, a mobile app focused towards providing news to its users in 60 words, has raised $20 million from New York- based Tiger Global investors. The company plans to utilise the raised capital to improve user experience and expand its presence. News in shorts video> News in Shorts, Noida-based firm, founded by Azhar Iqubal, Anunay Pandey and Deepit Purakayastha, has been in this business since 2013.  News in shorts started out being a part of Times Internet’s accelerator program called TLabs in 2013. It was then that News in Shorts received its seed funding of Rs 2 crore from angel investors Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra along with co-founders of Flipkart—Sachin Bansal and Binny Bansal.  News in Shorts, in February 2015, raised Rs 25 crore in its series A roun...
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