TiE Delhi-NCR News Feed | May 3rd 2018


2018 may be a tough year for start-ups vying for funds: study – Live Mint
Most Indian startups, especially early-stage ones, expect the fundraising environment to be difficult in 2018, according to venture debt provider InnoVen Capital’s India Startup Outlook Report 2018. According to the report, 56% of the startups surveyed said that they expect fundraising to be more challenging this year. Around 81% said that they expect fundraising to take from anywhere between four and six months to over nine months.
Private Equity industry in India: Bigger, bolder, better, brighter – ET Rise
Adolescence over, the private equity (PE) industry in India has now clearly stepped into its adulthood. The initial pangs have given way to bigger, bolder and more complex deals. Indian promoters too are recognising them as an independent asset class, as both growth equity and buyouts play out side by side. Take a look at the numbers. They speak for themselves. In 2017, both PE/Venture capital (VC) investments and exits recorded new all-time highs at $26.5 billion and $13.0 billion, respectively.
Fintech startup OpenTap has raised more than Rs 3 crore in funding from a clutch of high net worth individuals. The company plans to use the funds to expand operations across the country and widen the reach of its financial services network.
Read more on: ET Tech
Packaging solutions provider Bizongo has raised Rs 139 crore (about $22 million) from Facebook co-founder Eduardo Saverin’s technology-focused venture capital firm B Capital Group and International Finance Corporation (IFC), a member of the World Bank Group.
Read more on: ET Tech

Amazon offers to buy 60% stake in Flipkart – ET Rise – Amazon.com Inc has made a formal offer to buy a 60 percent stake in Indian online retailer Flipkart CNBC reported on Wednesday, citing sources. Amazon also offered Flipkart a breakup fee of $2 billion and is likely to be on par with Walmart Inc’s bid for the e-commerce company.

Paytm Mall launches PoS solution; partners with Asus for exclusives – ET Rise – Further boosting its online-to-offline play, Paytm Mall today launched a connected PoS solution for retail stores enabling shopkeepers to manage their offline and online customers. The Alibaba-backed company has also forayed into a strategic partnership with Asus India to implement this connected PoS solution at Asus retail stores.
Ola boardroom row pits SoftBank against Bhavish Aggarwal – Live Mint – Japan’s SoftBank Group Corp. is in the midst of a boardroom battle with Bhavish Aggarwal, co-founder and chief executive of cab-hailing firm Ola, according to two people familiar with the matter. Late last year, Ola co-founder and chief executive Bhavish Aggarwal blocked a proposed deal involving Tiger Global Management selling part of its stake to SoftBank, the people cited above said, requesting anonymity.
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This newsletter is a daily Funding/Investor/Startup News spotter that highlights the most recent stories and news from Delhi, India. We’re always on the lookout for more interesting news and insights, so feel free to share any you might have.