Tushar Goenka

1 week ago | moneycontrol.com | Tushar Goenka

I can bet there are at least a dozen more AI deals that VCs are negotiating right at this point, an investor told Moneycontrol Venture capital (VC) firms such as Accel, Prosus, Stellaris Venture Partners, Vertex Ventures and others are in advanced stages of investing in at least six artificial intelligence (AI) startups as investors across the board look to strengthen their AI portfolio and increase exposure to an industry which has become a favourite among investors, several people aware of...

2 weeks ago | moneycontrol.com | Tushar Goenka

Raghu Krishnananda had joined Myntra a little over five years ago after stints at Wipro, GS, Citi and others Raghu Krishnananda, chief product and technology officer (CPTO) at Myntra, a fashion e-commerce company owned by Walmart, has resigned from his position and will be moving on from the firm over the coming weeks, according to an internal memo seen by Moneycontrol.

2 weeks ago | moneycontrol.com | Tushar Goenka

Chaitanya Ramalingegowda, co-founder, Wakefit Wakefit, a sleep and home solutions startup, has picked three investment banks for its initial public offering (IPO), as the firm looks to join a growing list of new-age companies that are preparing to list on the bourses, people aware of the developments told Moneycontrol. “The company has set the ball rolling and has hired Axis Capital, IIFL Capital Services and Nomura as advisers for its IPO,” one of the sources cited above said.

2 weeks ago | moneycontrol.com | Tushar Goenka

Several times, while bootstrapped companies have a better profit profile, their growth, over the years, is not exponential as is the case with venture-backed firms. Dry fruit companies Nutraj, operated by VKC Nuts, and Farmley are both preparing to raise over $40 million (around Rs 340 crore) each from a slew of investors, several people aware of the developments told Moneycontrol.

3 weeks ago | moneycontrol.com | Tushar Goenka

Jar co-founders Misbah Ashraf (L) and Nishchay AG (R) A funding deal of around $50 million (about Rs 425 crore) between fintech firm Jar, the automated investment app, and a consortium of investors led by Prosus, the Dutch investment giant, has come unstuck due to differences around the valuation of the company, four people aware of the developments told Moneycontrol.