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Posts Tagged ‘ Accel Partners ’

Flipkart suffers another markdown as Vanguard slashes stake value by 33%

Friday, December 2, 2016 | More »

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A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...

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Flipkart’s valuation down to $5.57 bn after Morgan Stanley slashes value of its holding

A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...

29 November, 2016 | More »

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B2B packaging material marketplace Bizongo raises $3 mn from IDG, Accel

Smartpaddle Technology Pvt. Ltd, which owns and operates business-to-business (B2B) marketplace for packaging materials Bizongo, has raised $3 million (around Rs 20 crore) in Series A round of funding from IDG Ventures and existing investor Accel Partners. The Mumbai-based startup will use the money...

5 November, 2016 | More »

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SaaS startup Zarget raises $6 mn in Series A funding

Chennai-based software-as-a-service (SaaS) provider Zarget has raised $6 million (Rs 40 crore) in its Series A round of funding, led by venture capital firm Sequoia Capital India. Existing investors Accel Partners and Matrix Partners also took part in this round, the company said in a statement. Osm...

3 November, 2016 | More »

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Freshdesk raises $55 mn from Sequoia, Accel Partners

Freshdesk Inc., which provides cloud-based customer engagement software, has raised $55 million (Rs 366 crore) in its Series F funding round led by Sequoia Capital India and existing investor Accel Partners. The company will use the money for launching new products and global expansion, it said in a...

1 November, 2016 | More »

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Accel Partners, Jungle Ventures invest $4 mn in B2B marketplace Moglix

Moglix, run by MOGLILABS Pvt. Ltd, a B2B e-commerce company specialising in procurement of industrial products, has raised Rs 28 crore ($4.2 million) in Series A round of funding led by Accel Partners, along with Jungle Ventures and SeedPlus. Jungle Ventures’ co-founder and managing partner Anurag...

4 October, 2016 | More »

Mohit Bhatnagar

Sequoia Capital to invest in early stage startups from now on, says MD Mohit Bhatnagar

Going back to its global business philosophy of being an early stage investor in fledgling companies, Sequoia Capital in India has decided to primarily make early stage, seed and series A investments going forward even as it remains open to writing “large cheques” for companies needing growth ca...

26 September, 2016 | More »

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Parenting app ParentLane gets funding from Cloudnine Hospitals’ co-founder

ParentLane, an app-based social platform for babycare and parenting, has received an undisclosed amount of funding from Cloudnine Hospitals’ co-founder and managing director Rohit MA. Rohit made the funding through his personal investment arm, Capier Investments. His other investments include ...

23 September, 2016 | More »

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Industrybuying ropes in ex-MakeMyTrip exec as finance controller

Industrybuying, an online marketplace for industrial goods run by Emtex Engineering Pvt. Ltd, has appointed former MakeMyTrip executive Bharat Arora as its financial controller. Arora will be responsible for strategy, financial planning and accounting, and corporate affair, the company said in a sta...

20 September, 2016 | More »

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Food ordering startup Swiggy gets $15 mn from Bessemer Venture, others

Bengaluru-based Bundl Technologies Pvt Ltd, which owns and operates online food ordering platform Swiggy, has raised $15 million (Rs 100 crore) in a Series D funding round led by Bessemer Venture Partners. Swiggy’s existing investors, which include firms such as Accel India, SAIF Partners and ...

19 September, 2016 | More »

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