#140 Eduardo Saverin
Net Worth: US$14.6B
In 2004 Eduardo Saverin, who is currently based in Singapore, co-founded Facebook with Mark Zuckerberg. In 2012, the pair parted ways though Saverin continues to retain a small stake in Facebook which provides him with most of his wealth.
In 2016, Saverin launched a venture fund called B Capital with Raj Ganguly. This fund has since managed to raise SGD$766 million and they invest heavily in tech firms around the world.
Net Worth: US$13.3B
Robert and Phillip Ng, who are brothers, run Far East Organisation which is Singapore s largest private landlord and property developer. The company was founded by their father Ng Teng Fong.
Band of angel investors in Indian startup ecosystem grows and with it, angel investments hit new record
The pool of angel investors in the Indian startup ecosystem is only getting bigger, backed by their strong belief in startups as an important asset class due to the rising innovation quotient.
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For long, angel investments in the Indian startup ecosystem have largely been driven by the bets made by successful entrepreneurs and tech executives, as startups were viewed by many potential investors as a risky asset class.
Today, that’s changing and leading to a spurt in angel investments in Indian startups, say experts.
Jharkhand News Two brothers of Jamshedpur set up 500 crore software company jagran special jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.
The Capital Quest. This development comes at a time when Ola has revealed new growth plans, including setting up a Rs 2,400-crore electric vehicle facility expected to become the world’s largest two-wheeler factory. Ola’s ride-hailing business is recovering after the coronavirus pandemic’s hurt and demand for its food business and financial services improves.
The Capital Quest report said Ola, operated by ANI Technologies Pvt. Ltd, was one of the worst-hit technology startups in India as many companies switched to a work-from-home routine and physical distancing norms curbed demand for travel. It said the company’s revenue plunged around 95 per cent after India imposed a lockdown in late March 2020, co-founder and CEO Bhavish Aggarwal had said at the time. This even forced the company to cut costs and lay off staff.
E commerce giant Flipkart has become the third most funded private company in the world post receiving a whopping USD 2.4 billion from Japanese technology and telecom giant SoftBank.