Two Indian cities have made it to the top 20 cities that attracted the most venture capital in high tech startups, according to a new report. Mumbai was placed at No. 15 with $ 497 million of venture capital raised, followed closely by Bangalore at no. 17 with $ 419 million raised. Predictably, San Francisco occupied the top spot with over $ 6 billion raised.
However, clearing the air and dismissing the possibility of an acquisition by either of the global companies, InMobi founder and CEO, Naveen Tewari, an ex McKinsey Consultant and Wharton alumni, has finally spoken up. In an interview with ET, Tewari states that there is no acquisition is on the cards and that the company will look to release an IPO as the only way.
While most people enjoyed a lazy Sunday morning with their friends and family on 24th January, a large number of youngsters spent hours wilting under the hot sun, with stars in their eyes, and their future in the resumes they held.
8000 job aspirants lined up in a one km long queue, leading up to the electronic city campus of HCL, one of the biggest IT employers in India, for a walk-in interview scheduled by the company.
Zomato is on course to double its revenue in the fiscal year ending March 31st. The company is also all set to become break even at the operational level – meaning it won’t make losses anymore on individual orders – by mid 2016. Zomato will be the first of the Indian unicorns to reach the milestone.