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Grapevine: GIC buys IT park from Phoenix; Livspace eyes Sequoia-backed firm

General

17 May, 2023

Grapevine: GIC buys IT park from Phoenix; Livspace eyes Sequoia-backed firm

Singapore sovereign wealth fund GIC has bought an information technology-special economic zone (IT-SEZ) from the Phoenix Group, said a media ......

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Upskilling platform Scaler eyes fresh funding but may miss unicorn valuation

TMT

29 March, 2023

Upskilling platform Scaler eyes fresh funding but may miss unicorn valuation

Upskilling focussed digital learning platform Scaler Academy, which is backed by the likes of bulge bracket asset managers including Tiger Global and ......

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Sequoia India-backed SaaS company sinks on market debut

TMT

28 March, 2023

Sequoia India-backed SaaS company sinks on market debut

A software-as-a-service (SaaS) company backed by venture capital and growth equity investor Sequoia Capital has plunged after its stock-exchange debut, ......

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Ixigo paves path for return to profitability this FY

TMT

23 March, 2023

Ixigo paves path for return to profitability this FY

Online travel aggregator Ixigo, which counts the likes of Sequoia Capital, Elevation, GIC and Fosun International among its backers, is ......

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Nexus Venture AUM crosses $2 bn as seventh VC fund hits final close

Finance

28 February, 2023

Nexus Venture AUM crosses $2 bn as seventh VC fund hits final close

Nexus Venture Partners has closed a new venture capital fund focused on India and the US after raising $700 million, ......

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Sequoia-backed fintech ProgCap adding another lending layer; hits breakeven

Finance

22 February, 2023

Sequoia-backed fintech ProgCap adding another lending layer; hits breakeven

Digital lending platform ProgCap, which counts among its backers Sequoia Capital, Tiger Global and Google and has been operating a ......

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PE firm WestBridge makes one of its single biggest bets

TMT

17 February, 2023

PE firm WestBridge makes one of its single biggest bets

Homegrown private equity firm WestBridge Capital has made one of its single biggest investment till date in a technology company. ......

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GoMechanic auditors had raised red flags

Finance

20 January, 2023

GoMechanic auditors had raised red flags

Auditors of car service platform GoMechanic, whose founders confessed to errors in financial reporting, had previously identified non-compliance with accounting ......

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Purplle looking at profitability in two years

TMT

09 January, 2023

Purplle looking at profitability in two years

Online beauty products retailer Purplle, run by Manash Lifestyle Pvt. Ltd, is aiming to become profitable in the next two ......

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Amid funding winter, Sequoia, Accel lead VC investments

Finance

26 December, 2022

Amid funding winter, Sequoia, Accel lead VC investments

Sequoia Capital led venture capital investments in India in 2022, completing 71 deals as of November, although it was 30% ......