The meme is that 9 out 10 startups in India fail and it's a bitter truth. But if this fail...
Indian Hotels Co Ltd, the Tata group company which once made an ambitious $1.2 billion bid to buy international luxury hotel chain Orient Express, has sold almost all its shares in the firm. Orient Express, now renamed Belmond, had rebuffed repeated overtures by the Tata group firm.
IFC's venture capital arm has increased the pace of its investment in the past years and India, along with China, continues to be its biggest market.
Artiman Ventures, a Silicon Valley-based early-stage venture fund, is currently investing from its fourth fund of about $300 million that closed last year.