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Why Inventus’ Kanwal Rekhi doesn’t regret giving Flipkart, Snapdeal a miss

Friday, March 17, 2017 | More »

Kanwal Rekhi
Many moons ago, Kanwal Rekhi and John Dougery, the founding partners of Inventus Capital, carefully examined two fledgling e-commerce ventures but passed up the investment opportunity. The two startups—Flipkart and Snapdeal—have eventually gone on to become unicorns valued several billion dollar...

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Forest fire blazing through Indian startup ecosystem: Inventus’ Kanwal Rekhi

Kanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India’s e-commerce companies. At the News Corp VCCircle LP Summit 2017 in Mumbai, he was in sublime form, mincing no words when quizzed about issues p...

1 March, 2017 | More »

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MakeMyTrip net revenue jumps 81%, adjusted net loss narrows

MakeMyTrip Ltd, India’s largest online travel services firm, posted an adjusted net loss of $5.9 million in the third quarter, an improvement over the $14.8-million adjusted net loss in the same quarter of the previous fiscal. The NASDAQ-listed company said on Tuesday its revenue less service cost...

31 January, 2017 | More »

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MakeMyTrip-ibibo merger: What it means for hotel aggregators

The merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest onl...

20 October, 2016 | More »

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MakeMyTrip, goibibo and redBus brands will co-exist, says Ashish Kashyap

In February 2000, MakeMyTrip founder Deep Kalra walked out of eVentures’ office near Churchgate station in Mumbai as he was not happy with the valuation that Neeraj Bhargava, managing partner of eVentures India, offered his startup. But on his way to the airport, Kalra had a second thought. He pic...

20 October, 2016 | More »

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Ixigo partners with Uber, RedBus for its train travellers

Ixigo, a mobile travel marketplace run by Le Travenues Technology Pvt. Ltd, has announced a partnership with RedBus and Uber, to enable instant booking of cabs and buses from the Ixigo trains app. With the partnership, Uber and RedBus will expand their reach to Ixigo’s 10 million user base of trai...

5 October, 2016 | More »

Aurvind Lama, co-founder and CEO, Travelyaari

Travelyaari raises $7 mn from BCCL, GVFL

Online bus booking platform Travelyaari has raised $7 million in its Series B round led by Gujarat Venture Finance Ltd (GVFL), Bennett Coleman & Co Ltd (BCCL) and other investors. The fresh capital will be used for product development as well as business growth. Travelyaari is looking to integra...

10 August, 2016 | More »

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Goibibo rolls out travel-based social network

Online travel agency (OTA) Goibibo.com, part of South African digital media firm Naspers, has rolled out a travel social network on its mobile app titled, ‘GoContacts’ which enables users to get connected on Goibibo app using their phone books. “By launching GoContacts, we are further strength...

20 June, 2016 | More »

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Naspers takes redBus global; launches bus ticketing service in Singapore, Malaysia

Online travel group ibibo, part of South African media conglomerate Naspers Ltd, is taking its bus ticketing service redBus to overseas shores by launching operations in Singapore and Malaysia. redBus would enable travelers to book bus tickets between the two South-East Asian countries in addition t...

27 July, 2015 | More »

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Naspers-owned redBus completes 30M ticket sales, sees 3X growth in mobile transactions

Naspers group-owned online bus ticket booking venture redBus.in claims to have sold three crore (30 million) tickets through its platform till date. It further claims that on an average, the platform is seeing 1.6 million transactions on a monthly basis. In addition, contribution of transactions fro...

16 July, 2014 | More »

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