NR Narayana Murthy’s Catamaran Ventures in talks to pick up stake in Udaan
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A minority stake in Udaan will give NR Narayana Murthy’s Catamaran Ventures a foothold in India’s B2B e-commerce space dominated by IndiaMart, JioMart, Amazon Business and Flipkart. It is currently a majority shareholder in Cloudtail, the biggest seller on Amazon India.
ETtech
Infosys co-founder NR Narayana Murthy s family office Catamaran Ventures is currently a majority shareholder in Cloudtail, the biggest seller on Amazon India.
Mumbai:Catamaran Ventures, the private investment firm launched by Infosys’ co-founder NR Narayana Murthy, is in talks to purchase a small minority stake in Udaan from some employees of the business-to-business marketplace.
Dream11 s parent firm raises $400 million in fresh funding round indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.
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“Existing investors including the likes of China’s Tencent Holdings, Kalaari Capital, Multiples Alternate Asset Management are among the investors looking to sell their shares. The deal may involve some primary cash infusion but the final contours are still being worked out.” said a person in the know.
In September last year, Dream Sports, founded by Harsh Jain and Bhavit Sheth in 2008,
had announced the closure of a $225 million funding round which too was largely a secondary stake sale transaction. The financing saw the entry of New York-headquartered Tiger Global Management, TPG Tech Adjacencies, ChrysCap and Footpath Ventures into the company with Dream Sports’ valuation swelling to $2.5 billion.
Udaan In Talks To Raise $150-200 Million From Existing Investors: Report moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.