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Posts Tagged ‘ GIC ’

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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Exclusive: ShopClues acquires two startups to build seller support

Gurgaon-based e-commerce firm ShopClues has acquired two startups to enhance support for merchants on its marketplace platform, according to one person familiar with the development. The acquisitions were made in the second quarter of this year, the person told Techcircle. “One startup has been ac...

17 October, 2016 | More »

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Flipkart gets a valuation boost from Fidelity

After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...

28 July, 2016 | More »

Satya-Prabhakar

Local services classifieds Sulekha raises over $28M in Series C led by Singapore’s GIC

Sulekha.com New Media Pvt Ltd, which runs a digital classifieds platform for local services, has raised over Rs 175 crore from ($28.1 million) in Series C round of funding led by Singapore’s sovereign wealth fund GIC, a company spokesperson told Techcircle.in. Existing investor Norwest Venture...

20 April, 2015 | More »

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Ola raises $400M Series E round from DST, GIC, Falcon Edge & others; valued at $2.4B

Mumbai-based ANI Technologies Pvt Ltd, which runs online cab booking service Ola (formerly Olacabs), has raised $400 million (Rs 2,495 crore) in its Series E round of funding led by Russian investment firm DST Global, it said on Thursday. Other new investors include GIC and Falcon Edge Capital. Soft...

16 April, 2015 | More »

Bin Lin

Xiaomi raises $1.1B from All-Stars, DST Global, GIC & others at $45B valuation

Chinese smartphone manufacturer Xiaomi, which also has a good presence in India, has confirmed that it has received $1.1 billion in fresh funding from All-Stars Investment, an investment firm launched by former Morgan Stanley analyst Richard Ji, besides Russian investment firm DST Global, Singapore ...

29 December, 2014 | More »

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Xiaomi raises over $1B from All-Stars Investment, DST Global, others

Chinese smartphone manufacturer Xiaomi, which also has a good presence in India, has netted over $1 billion in funding led by All-Stars Investment, an investment firm launched by former Morgan Stanley analyst Richard Ji, says a The Wall Street Journal report quoting an unnamed source. Russian inves...

21 December, 2014 | More »