The San Francisco-headquartered company is trading under the symbol TRLA.N and gained over 40 per cent through trading during the day. It has raised $32 mn in VC funding till date.
Former Facebook employee and co-founder Eduardo Saverin, reports Bloomberg, has renounced his US citizenship, ahead of the Menlo Park, California-based social networking giant’s upcoming initial public offer (IPO) next week. The 30-year old Saverin, who currently lives in Singapore, owns about four per cent of Facebook, which is valued at $3.4 billion, according to WhoOwnsFacebook.com. [...]
Gurgaon-based travel service portal MakeMyTrip will list on the Nasdaq under the symbol MMYT. It has filed a registration statement with the SEC for a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range has not yet been determined. Morgan Stanley will be the [...]
Update: SKS Microfinance today announced Rs 850-Rs 985 per share as the price band for its upcoming IPO, which opens on Wednesday — read the Bloomberg report. At the upper price band, it can expect to raise as much as Rs 1.65 crore (about $344 million) says the report. VCCircle reports that Sequoia Capital could [...]
Update: The NVCA has just put out the Q1 venture capital investment numbers — $3 billion across 549 deals. This represents a 47% decline from the $5.7 billion invested in Q4 2008 across 866 deals. The decline this quarter is even more worrying when compared to Q1 2008 when venture capitalists invested $7.8 billion – [...]
Accelerator to angel to VC flow still struggling to find equilibrium in India
I had fun moderating the panel on early stage financing at India Internet Day. VCCircle has an interesting article. The key issues are as under: 1. Too few deals are progressing from accelerators to angel, and from angel to Series A. Only five per cent of deals going from accelerators to Series A might not [...]
The early ecommerce marketplace pioneers: eBay class of 2000-2005
TechCrunch recently published an article I wrote about how the eBay class of 2000-2005 helped shape ecommerce in Silicon Valley and continues to innovate and move the sector forward. By understanding what shaped this class’ experience and examining where these alums are today, we identified the most important industry trends and start to see a [...]
The founder’s guide to surviving the Series A crunch
The Indian entrepreneurship and venture capital ecosystem is fast maturing. Today we have more early stage funds than ever. This fund availability will only improve, aside from the temporary blips caused due to macroeconomic ups and downs. We are in one such ‘crunch’ today, where even though seed and angel funds are writing cheques with [...]
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