Launched in 2013, Roposo is a fashion discovery platform started by ex-Zomato CTO and curates fashion products.
With more than 1 million active users, the user generated content is escalating 4 times every month, letting every user to discover fashion through styling stories, reviews, DIYs and trend inspirations. Once inspired, it also helps a user to discover specific products from more than 300 web stores and 4000 brands.
Celebrities from Bollywood, designers, stylists, fashion bloggers and brands like Jabong, Vero Moda, Biba, Only and many more have been spotted on Roposo with their active profiles, creating fashion and styling stories while engaging with their users on a regular basis.
Company Name : NestAway Funding Amount : $12mn Investor(s) Tiger Global, Flipkart Venture. Funding Round : Series B
NestAway is an online marketplace for home rentals that owns the rental experience (for owners as well as those looking for rental houses). The Bangalore based company is targeting bachelors looking for accommodation in the metros and had earlier raised funding from IDG.
Tiger Global’s Lee Fixel comes to India, loaded with ca$h and simply invests. Invests a lot of money which often surprises the ecosystem.
Tiger Global’s (India) strategy is very simple : Invest a LOT of money and make every other investor take a back seat. When it comes to consumer businesses, a shitload of money often helps beat the competition – be it underpricing or insane marketing $$s. (e.g. Ola took on everybody with ~50% discount the moment they raised their Series B).
Tiger Global’s India Strategy
Tiger’s basic belief is simple : The last man standing will be the one who has raised the most amount of money. And Tiger will bet on those ‘last man standing’ companies. Period. Ola/Flipkart proves their hypothesis.
This of course does not gel well with a lot of investors in India because of the inflated valuation which impacts their investing plans in a big way.
Unfortunately, due to just one individual — Lee Fixel of Tiger Global — Flipkart has gone from being a poster child to being the single biggest risk to the technology ecosystem. I hope for a soft landing.” [Sharad Sharma , one of the most active angel investor /source]
So what really happens when Lee Fixel, who leads Tiger’s India investment visits India? These gifs pretty much tells the story.
Tiger’s portfolio companies before Lee Fixel’ arrival.
The focus is on showing massive traction, which often is driven by burning more money. Be it app installs or customer acquisition, the startups start investing heavily in ad channels to prove traction.
Startups After meeting Tiger’s Lee Fixel
Loaded with insane cash!
The startup ecosystem, when they hear of such big funding announcements ? Well, the first reaction is ‘You Must Be Kidding!’
Portfolio Competitors When They Hear Of Funding News
The first 5 seconds is a moment full of denial !
Once confirmed, they know that their fund raising plan / Business plan has changed for good (or bad?).
What about the other Indian investors?
They do NOT like the inflated valuation numbers. They know that they are being pushed!
And in between all this noise, the real fighters (a.k.a entrepreneurs) are honing their skills. They know that this is going to be a long war. And it’s not going to be easy.
Company Name : Lybrate Funding Amount : $10.2mn Investor(s): Tiger Global, Nexus Venture Partners and Ratan Tata . Funding Round : Series A
Since the launch of the Lybrate app in January this year, the company has seen a massive growth with more than 80,000 doctors from various specialties from across India currently connected with its service. With more than half a million downloads in the last five months and over 100,000 patients visiting the platform every day, Lybrate’s popularity has been growing exponentially.
Before bringing any doctor on its platform, Lybrate runs a background check to verify medical licenses and credentials. The users can seek multiple opinions from doctors for free on the open platform, or start a one-on-one dialogue privately for a fee with doctors and share text, photo and voice. While interacting on an open platform, the physicians can also endorse answers of other doctors.
It’s raining $$ for anything on-demand (+ mobile-first) and the latest to join the bandwagon is Grofers, an on-demand delivery service.
Grofers has raised $10mn from Sequoia Capital And Tiger Global, making the total amount raised to $10.5mn.
Grofers connect shoppers to stores in their neighbourhood via apps. The Gurgaon based startup currently works with 250 vendors and has a total of 500,000 SKUs (or individual items) available for order. Grofers claims to be processing 30,000 deliveries a month (over 6,000 orders coming over the mobile application).