How dotcom survivors built a $950 million startup in India

Tech startups are typically founded by young entrepreneurs with more passion than experience. This is as true in India as it is in Silicon Valley. Then there’s Bigbasket, whose founders are veterans of the dotcom bust and mostly north of 50. Drawing on their successes and failures, they’ve turned their six-year-old startup into India’s biggest e-grocer and are taking on…

Grofers likely to raise $65 million; Sequoia Capital may not participate in funding round

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 participating. Sequoia Capital, however, may…