Why It Could Take Years for Startup Valuations to Stop Plunging

The plunge in startup valuations could last years, say VCs at the firm Redpoint Ventures. The situation is similar to the dot-com bust after the 1999’s tech boom, they say. But one big difference from two decades ago is the record piles of cash VCs are sitting on now. Venture capitalists were partying like it … Read more

Buy low, sell high not sustainable PE strategy: Blackstone’s Dixit

India’s private equity market has turned so competitive that simply ‘buying low’ and ‘selling high’ is no longer a sustainable strategy for an investment company, said Amit Dixit, head of Asia, private equity, Blackstone. “(Instead) what’s really sustainable is you buy what you can build or rather, do not buy what you cannot build, and … Read more

Saudi Arabia transfers Aramco shares worth $80 billion to wealth fund

The transfer of a 4% stake in state-owned Saudi Arabian Oil Co., known as Aramco, will support the Public Investment Fund’s plan to grow its assets under management to over $1 trillion by 2025, from about $480 billion currently, the Saudi government said Sunday. The Saudi government, which will remain the largest shareholder in Aramco … Read more

Industrial B2B startup Moglix’s valuation tops $2.6 bn with $250 mn funding

Moglix, the industrial business-to-business startup for manufacturing, has raised $250 million in its latest Series F funding round, at a valuation of $2.6 billion. This investment was led by Tiger Global and Alpha Wave Global with Hong Kong based-investment firm Ward Ferry coming on board as a new investor.   In 2019, Moglix was the … Read more

Fintech Bolt Is Raising Funding, Looking for a $14 Billion Valuation

Bolt, a San Francisco fintech startup that provides an online checkout solution for other companies, is still in talks to raise new money at a valuation of $14 billion, according to a source familiar with the matter. The deal comes only weeks after Bolt closed $355 million in a Series E round, valuing it at … Read more

Ninety One raises ₹225 crore in Series A funding round; valued at ₹1,000 crore

Sustainable mobility brand, Ninety One has raised ₹225 crore (or roughly $30 million) as a part of its latest Series A funding, the company said in a statement on Wednesday. The round saw A91 Partners LLP infusing around ₹160 crore, with participating investors including Fireside Ventures, Avaana Capital and Tital Capital infusing another ₹65 crore … Read more

Beauty platform Purplle.com raises $75 mn from Kedaara, Sequoia and Blume

Purplle.com, one of India’s largest online beauty destinations, has raised $75 million funding round from investment firm Kedaara along with Sequoia Capital India and Blume Ventures. This comes six months after a $45 million funding backed by Verlinvest, Blume Ventures, JSW Ventures, and first-time investor Sequoia Capital India. The investment will augment the company’s goal … Read more