Chinese VCs Are Eyeing India

With venture capitalists in India being more circumspect with their investments and demanding better scrutiny of valuations and justification of capital utilization, a group of Chinese startups seem to have entered the field, which gives hope to Indian entrepreneurs.

ShopClues Looking To Raise Rs. 1,320 Crore; Go Public

Online shopping store Shopclues is looking for funds to the tune of Rs.990 to 1,320 crores so as to double its estimated worth in less than a year. According to Sanjeev Aggarwal, senior managing director at Helion Ventures which has a stake in Shopclues, the company may also go for a public offering to achieve its objective. “We feel we could be the first ecommerce company to go public,” added Agarwal.