TV Mohandas Pai | Pixr8 News

29Jun By AnkitaNo Comments

FUNDING

VelvetCase.com Secures Second Round of Funding From TV Mohandas Pai & Others

VelvetCase.com has announced its placement in the second round of funding from marquee investors like Unicorn Ventures Fund, which has now made six investments across diverse sectors, along with participation from well-known angel investors T.V. Mohandas Pai and S. Somasegar via the LetsVenture and Chennai Angels. VelvetCase will be infusing the freshly raised funds in technology, marketing and seller acquisition. The online destination for jewellery has grown over 300 percent year on year (YoY) with a unique cost-effective business model-no inventory, rich customer service, higher value product sales. "While access is great, we know that consumers also need to be assured about the quality of the jewellery that they are buying from an independent designer in Jaipur. We have built ou...

Phase of Exuberance in Ecommerce Sector Over: TV Mohandas Pai

From a period of exuberance, India’s e-commerce sector has entered a reality check phase with players focussing on cost cutting and business viability as investors seek performance, tech investor T V Mohandas Pai said today. Pai, ex-CFO of software major Infosys, said 2015 was a year of exuberance as a lot of money flowed into the sector but it is no longer the scene now. “Now, the funds have become very costlier. Now, they (investors) are demanding performance. Capital is also becoming scarce driven by interest rates in the US and potential meltdown in demand in China. Europe is not growing and Japan is not doing well and there is fear. “That’s why venture capital flows have come down. They (investors) have become very selective. People are now beginning to ask questions as to wh...

Indian Startups get $8.4 bn funding in 2015; Nearly 1k deals inked

Making it a year of startups, Indian and foreign investors have pumped in a whopping USD 8.4 billion in new Indian startup ventures, including e-commerce platforms in 2015 through close to 1,000 deals, even as questions have begun to be asked about their hefty valuations. Those opening the purse for Indian start-up s included industry titans like Ratan Tata and N R Narayana Murthy as also marquee global investors like Alibaba and Softbank. According to data compiled by domestic technology and startup blog, as many as 936 deals worth over USD 8.4 billion have been inked this year -- up from 304 deals worth USD 5 billion that took place in 2014. The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side. The sectors...