For startups, securing the first round of funding is a daunting process. Doing so requires founders to take what is often a very complex idea, product or solution, and boil it down to dollars and cents for investors who, for the most part, only care about how quickly they will make their money back. The process will test an entrepreneur's…
Six months after raising $250 million from SoftBank, online hospitality player Oyo Rooms is planning to raise fresh funding to the extent of $500-800 million. It is also speculated that its anchor investor, the SoftBank Group and couple of other investors could pitch in with the funds. More significantly, Oyo Rooms will join the select band of startups in India…
Zomato, on Thursday, confirmed it had raised $150 million from Ant Financial, Alibaba’s payment affiliate. As a part of the deal, Ant Financial will also buy shares worth $50 million from investor InfoEdge, taking the total investment up to $200 million. With this deal, Zomato’s valuation has been pegged at $1.1 billion. According to a press statement by Zomato, the…
Months after the six-seater aircraft built by Thrust Aircraft Pvt Ltd was cleared to fly by the Directorate General of Civil Aviation (DGCA), the Maharashtra government inked a Memorandum of Understanding (MoU) with the company promoted by Amol Yadav to set up an indigenous factory for smaller aircraft, and develop Palghar as an aviation hub. The state government entered into…
Those reports from the summer that Volvo's parent company had snapped up flying car startup Terrafugia? They were true. Geely has officially completed its acquisition of Terrafugia, turning it into a fully-owned subsidiary of the Chinese automotive giant. Terrafugia will remain based in the US and will continue working on flying cars, but it will have Geely's deep pockets and…
OPIC’s budget comes from Congress, but the money it makes goes back to the U.S. Treasury. The U.S. government plans to spend hundreds of millions of dollars in venture capital funds overseas as part of an expanded federal program to do good around the world through what’s known as “impact investing.” The program, unveiled Wednesday at a conference by the…
The Madhya Pradesh government needs to accelerate the pace of reforms and simplify rules and regulations if it wishes to cash in on investments committed during the 5th Global Investors Summit and make the state one of the fastest growing economic zones of the country, participants said. Most of the delegates, including investors from abroad, said Madhya Pradesh could do…