VP Weekly | 21 Jul '19

OYO Launches Workspaces With Acquisition of Innov8
Gurugram-headquartered hospitality unicorn OYO Hotels and Homes has officially announced its vertical expansion into the coworking real estate segment with the launch of OYO Workspaces.
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eBay Acquires Stake In Paytm Mall To Expand India Presence

                                                                M&A News

Editor’s Weekly Pick

Entrepreneurial success looks far too easy in newspaper headlines than in reality. Here is a great short-note by IIMB alum, former banker and fund manager at Gaja Capital – Avinash Luthria, on things that aspiring entrepreneurs must evaluate before making the big leap. It does set a high-bar for us 🙂

–Abhishek

Market Pulse

• Flipkart co-founder Sachin Bansal has invested $29 Mn into Ajay Piramal owned Piramal Enterprises
• Bengaluru-based food delivery unicorn Swiggy is in talks with Korea Investment Partners, Mirae Asset Management, STIC Investments and Neoplux for a $500 Mn funding
• Mumbai-based venture fund Unicorn India Ventures launched its second equity fund worth $4 Bn. The venture fund will focus on investments in Pre Series A and Series A
• Delhi-based gaming company WinZO games has announced a $1.5 Mn fund to support game developers and acquire content for the platform
• Prolific angel investor Sanjay Mehta has now expanded his horizons with setting up a new venture capital firm called 100X.VC
• Kolkata-headquartered conglomerate, ITC Limited, is now looking to invest directly in Indian startups, with a focus on fast-moving consumer goods
• Hong Kong-based hedge fund Steadview Capital is looking to invest $500 Mn in growth-stage companies in India over the next two years