Tribe capitals articles
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Tribe Capital’s new SPV set to put $75 million more in Shiprocket
Silicon Valley-headquartered fund Tribe Capital is doubling down on ecommerce logistics startup Shiprocket through its newly set up special purpose vehicle (SPV) in India.Tribe’s cofounder, Arjun Sethi, told ET in an interaction that the SPV will not only invest in but also build and buy out companies here — a departure from the typical framework under which global venture capital firms operate in India.The SPV will invest $75 million in Shiprocket, where the fund is already the largest...
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End of Paytm’s existing wallet biz; Tribe Capital’s India play
Happy Tuesday! Regulatory actions have crippled Paytm Payments Bank’s mobile wallet business. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ BluSmart FY24 revenue jumps■ Drop in renewal deals troubles IT cos■ Ola Cabs CEO Hemant Bakshi resignsPaytm Payments Bank’s mobile wallet business in a spot 109708584Paytm Payments Bank is staring at an uncertain future after the Reserve Bank of India (RBI) asked the bank to stop offering basic banking...
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Inside Indonesia's last-ditch $30billion bid to move 2MILLION people from sinking capital Jakarta 1,200 miles away to new mega-city Nusantara surrounded by jungle tribes, with 6,000 to be relocated from October
With 40 per cent of the capital already below sea level, some 10.6 million people in the inner city (and 30 million in the wider area) could face displacement from Jakarta.