Billionaire venture capitalist Vinod Khosla is betting big to invest in startups in the next 10 years that are bringing radical innovation using technology in areas such as transportation, housing and construction, and food and healthcare. Khosla, whose venture capital firm Khosla Ventures, invests in experimental technologies such as robotics and biomedicine, is of the view that technologies such as…
Flipkart's digital payments app PhonePe Pvt Ltd (India) has received ₹698 crore from its parent entity in Singapore called PhonePe Pvt Ltd (Singapore), previously known as Flipkart Payments Pvt Ltd, Mint reported citing filings sourced by business research platform, Paper.vc. PhonePe Singapore infused the funds in the India entity by subscribing to 2,022,946 shares in the latter at ₹3,440 per…
MobiKwik, a mobile wallet app in India that has expanded to add several financial services in recent years, said today it plans to enter international markets as it approaches profitability with the local operation. The company is kick-starting its overseas ambitions with cross-border mobile top-ups support. The 10-year-old firm said it has partnered with DT One, a Singapore-headquartered payments network,…
India’s technology startups are witnessing a funding boom, particularly at the late stage, with more deals of $100 million or more in the first five months of this year than in the first half of the last two years. The year 2019 has so far seen 10 deals of $100 million or more, higher than the seven deals for the…
Everyone is fascinated with predicting when the market will turn, especially venture capitalists. Perhaps now that Game of Thrones is over, we can put a merciful death to the refrains of “winter is coming” that seemed so much more clever seven seasons ago. And while Chamath Palihapitiya of Social Capital recently suggested that quantitative easing could prevent most recessions in…
VentureFriends, the Athens-based VC that has backed the likes of Homie and Weengs, is announcing its new fund, with a first closing of €45 million. ‘VentureFriends II’ sees the VC firm pick up where its original €20 million fund left off, with a remit to do seed investments in Greek startups and beyond that have global ambitions. Specifically, the VC…
Paytm, India's largest online payments and mobile wallet company, will invest another Rs 5,000 crore in the business over the next three years, founder Vijay Shekhar Sharma said, while playing down competition from deep-pocketed global giants including Google. "The biggest threat for us will be us, not anybody else," Sharma said in an interview. But the entry of global companies,…
If reports in a US-based news and information company AXIOS Media are to be believed, Ivanka Trump, the daughter of US President is starting a new investment fund aimed at companies founded by women entrepreneurs around the globe. It is reported that the World Bank has been approached for managing the fund and it will provide working and growth capital…
Guangzhou: Alibaba Mobile Business Group firm UCWeb plans to invest Rs200 crore in India and Indonesia over the next two years to push distribution of user generated content through its UC News platform. “We will invest Rs200 crore over the period of 2 years in India and Indonesia to push user generated content like blogs, short videos, non conventional news…
NEW DELHI: Green seems to be the catchword for the government heading into the next year as it gears up to achieve 175 gigawatt of clean energy by 2022 through auction of 1,000 MW of rooftop solar power, Rs. 13,000 crore investment in solar parks and a Rs. 21,000-crore package to boost local manufacturing of panels. By all yardsticks, 2016…