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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Pierre Omidyar, the billionaire philanthropist, came to India wanting to make a difference. Increasingly, his fund found itself incapable of doing that, triggering an exit.
Let’s say there is a very rich man who decides that he wants to make the world a better place. To do that, this man does two things. First, he hires people who work with him to decide what are the different things that his money could be used for to make the world a better place. Second, he creates specific organizations, staffs them with these people, all paid through his money, held in the form of cash and stock, in areas that they had identified in Step 1. That done, he says, go and spend, make the world a …
Entrepreneurs will learn that uncertainty is here to stay in a market where domestic VCs will gain in prominence as foreign funds continue to view India with scepticism.
Masayoshi Son seems reluctant to invest in the country amid an unfavorable investment environment and pricey startup valuations. Separately, no end in sight for ShareChat’s troubles.
Left to fend for itself after the failed deal with PhonePe, the fintech startup is looking to find refuge in a loan waiver, a hefty licensing fee and an internal funding round.
