Bessemer Venture Partners
E-Commerce
Livspace India business becomes ‘cash flow positive’
PTI -
Livspace is expecting around 30% growth in its revenue during the 2023-24 financial year from around Rs 1,100 crore in the preceding fiscalNew Delhi: Home renovation platform Livspace has become "cash-flow positive" in India business on the back of...
Food
Swiggy raises US $80 million in Series E funding led by Naspers
Swiggy, India’s leading food ordering and delivery platform, has raised US $80 million in series-E funding. The deal was led by Naspers, a global Internet and entertainment group, and one of the world’s largest technology investors, with earlier investors...
Retail
Retrenchment in e-commerce industry not unique to India: Nirmala
IANS -
Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally.
The minister's comments came a day after major layoffs were announced by...
Retail
Snapdeal founders to take 100 pc pay cut, firm commences layoffs
IANS -
E-commerce major Snapdeal on Wednesday reported that its founders have agreed to take a 100 per cent pay cut, even as the firm initiated a process to rationalise a part of its workforce to make the company profitable in...
Food
Swiggy raises US$ 15 million in fourth strategic round of funding
Food ordering and delivery platform Swiggy has raised USD 15 million in a fourth strategic round of funding (Series D) from Bessemer Venture Partners, with existing investors also participating.
The freshly raised funds is expected to fuel Swiggy's next growth...
INDIA FOOD FORUM - Food Services
US-based Bessemer Venture Partners to invest Rs 80 crore in Swiggy
US-based venture capital firm Bessemer Venture Partners is in advanced talks to invest around Rs 80 crore or $12 million in food-delivery company Swiggy, according to two people aware of the negotiations. The deal, if it concludes, will value...
Retail
Snapdeal’s launches Capital Assist loan approval facility
With an assortment of 12 million+ products across 500+ diverse categories, online marketplace Snapdeal has now announced the launch of instant loan approval facility on its flagship seller financing platform – Capital Assist. It is going to be the...
Retail
Snapdeal.com raises US$ 100 million
Snapdeal announced that it has completed a new round of equity financing of US$ 100 million. The investors in this financing include funds managed by Temasek, BlackRock, Myriad, Premji Invest and Tybourne.“We see this financing round as another endorsement...
Retail
Show US the Money!!
It is an indisputable fact that retailers need funds to expand operations, move to newer markets, renovate, increase brand effectiveness, meet working-capital needs, etc. For meeting these ends many retailers take the external funding route. In this story, we...
Retail
Snapdeal to strengthen its presence in 100 cities
Online retailer, Snapdeal, recently raised $40 mn from global investors Bessemer Venture Partners (a private equity firm) along with existing investors Nexus Venture Partners and IndoUS Venture Partners has plans to use the funding raised for expansion in 100...
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Latest News
Consumer Affairs Min asks FSSAI to probe composition of Nestle’s Cerelac baby cereals sold in India
By Laxmi Devi15 Cerelac products analysed from India contained 2.7 grams of added sugar per serving on averageNew Delhi:...
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