Startup Saturday: Flipkart's Top Brass Enters the Investor Space & the Biggest Acquisition of Decade

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  1. The biggest news for the start-up ecosystem is here. After many refusals & hesitations, the hotel chain unicorn OYO is finally acquiring Delhi-based co-working startup Innov8 for INR 220 crore. 
  2. Flipkart top brass is gradually joining the investor bandwagon. After Binny Bansal and Sachin Bansal, Kalyan Krishnamurthy invests in B2B industrial goods e-commerce start-up Moglix.
  3. India’s startup ecosystem is set to lose a prominent investor. Lee Fixel is bidding adieu to the private equity business of New York-based Tiger Global Management. 
  4. Following the wind of mergers and acquisitions, the online classifieds platform Quikr is reportedly acquiring refurbished goods marketplace Zefo for $28.5 million.

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