Arkam Ventures looks to back 15 to 18 companies from its first fund across Series-A and B stages with an initial investment in the range of Rs 15-30 crore

The due diligence process is underway and Snapdeal is expected to take a call on the acquisition over the next few weeks

The round was led by existing investor Alibaba, which invested $50 million, while South Korea's Mirae Asset, and UK's CDC Group also participated in it, investing $60 million and $40 million, respectively

India's refurbished goods market is flourishing on a smartphone boom, changing consumer attitudes and business models.

Ashish Gupta, an IIT-Kanpur alumnus who also won President's Gold medal at the prestigious institute, is known as a smart and witty angel investor in the venture capitalists circles. He doesn't believe in making many angel investments but when he does, they turn into 'gold'.

The Walmart deal is a sign things are changing. Flipkart's Japanese investor SoftBank has exited selling 20 per cent of its stake. Co-founder Sachin Bansal has exited as well. The 23 per cent remaining stake in Flipkart will now be held by co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp.

The Bengaluru-based start-up enables marketers to target customers with the help of machine learning.

The deal will see secondary sale of shares by a large number of Ola investors, making it the first major liquidity event in the history of the company.

Chinese e-commerce giant Alibaba, which aims to enter India's e-commerce market, have set their eyes on acquiring the $1 billion valued marketplace, ShopClues.

After two years of growing at a scorching pace, led by acquisitions, it seems things are not going well for AskMe. Recently, there were reports that the company has laid off 600 employees, reducing its workforce to 3,500. The company says this was part of its annual workforce rationalisation exercise.

The 15 anchor investors include Franklin Templeton MF, SBI MF, HDFC Standard Life Insurance, Birla Sun Life Trustee, ICICI Prudential MF, Sundaram MF, Tata AIA Life Insurance and Reliance Life Insurance.

The investment momentum in Indian start-ups rocketed over the past five years. PE activity in 2015 touched an all-time high - investments totalled 1,049, over 600 of them in start-ups. The stars of Indian e-commerce became super stars.

Existing investors Bessemer Venture Partners and Helion Advisors along with International Finance Corp and Sands Capital participated in the round, UAE's Abraaj Group said.