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Exclusive| Billionaire Yuri Milner fund in talks to invest in Rupeek Milner, along with other top VCs, is in talks to invest in gold loans startup Rupeek, nearly doubling its valuation in less than a year. Its current backers include Sequoia, Accel and Binny Bansal. Rupeek founder Sumit Maniyar Yuri Milner, the billionaire chief of global technology fund DST Global, is in advanced discussions to back gold-loans startup Rupeek, nearly doubling its valuation in less than a year, sources have said. One of the world's most influential investors, Milner's Gemini Investments, along with other part...

Private equity/venture capital (PE/VC) investments into India from China and Hong Kong have seen a substantial drop in 2020. Investments from these two regions combined have declined 72 per cent to $952 million this calendar year, from $3.4 billion in 2019, the data from Venture Intelligence shows. Investments from Mainland China have reduced 64 per cent to $377 million, while those from Hong Kong have fallen 75 per cent to $575 million in 2020. Also, over 150 applications concerning investments from Chinese entities have been pending since the introduction of press note 3 (PN3) for FDI in Ap...

Updated Dec 23, 2020 | 19:03 IST Bengaluru-based startups clocked the highest number of deals, followed by NCR Delhi, Mumbai, Chennai, Pune, Hyderabad and Ahmedabad. Representational Image  Bengaluru: The Covid shock of March devastated most industries and the startup ecosystem was no exception. Sequoia issued its now-famous memo calling Coronavirus the Black Swan of 2020 and Nasscom said 40% of Indian tech startups were forced to halt operations. But investments and startups have shown resilience and recovered, as India saw a rapid shift to digital servi...

Look East: The Potential India-Korea Digital Tango It appears to be obvious that Korean digital companies should seriously look at India as an alternative to China for their manufacturing requirements. outlookindia.com 2020-12-21T19:26:48+05:30 Also read The Republic of Korea’s (ROK) digital transformational is an impressive story. It is the result of the government’s ambition to speed transformation in the digital economy with three major factors that have formed the basis for growth of the country’s digital economy: the advanced education system, cultural characteristics, and ...