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.
Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
Limited time offer $125 $99 for 1 year
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.