Gurugram-based online grocery startup Grofers is in talks to raise around USD 60-65 million from its existing investors in a funding round, sources told Mint. The valuation of the online grocery store may drop by over 40 percent,they added. The funding round is being led by existing investor SoftBank with participation from Tiger Global Management…
The country’s second-largest private lender, is ramping up its focus on startups and has launched a fund to help them access capital as it seeks to expand its footprint in the growing space. Sources told TOI that the fund has been started with an initial corpus of $25-30 million but approvals are in place to…
It may not be a stretch to suggest that we are now into the second wave of the startup phenomenon. The segment has shown consistent high growth in terms of numbers aggregating 5,000 and counting. In the last couple of years, the B2B segment particularly has shown healthy growth. This year, having garnered almost…