Sequoia Capital India, Kingsway FCI Fund & KCK Global invest in online car marketplace.

MXC operates carwale.com and cartrade.com.

It is unclear also who would replace Nayar at Warburg Pincus, which manages assets of about $44 billion globally.

The acquisition was made about three months after the Mumbai-based company raised $55 million in a fresh round of funding co-led by its exi...

Apart from this there were about five deals in the e-commerce space, including investments by angel investors.

The losses of the online auto portals are increasing on the back of high marketing and advertising expenses. However, this has not stopped ...

COFFEE & CONVERSATIONS: Premji & Murthy walk the talk at the Wipro HQ in Bangalore.