The ppt will give an insight on the venture capital funding of companies.

1. Venture Capital & Private Equity
Group Assignment
Finance B

2. Name Roll No. Name of the companies
Prithima Bhaskaran 19MBAFIN088 Lenskart & Oyo
Shreya Shukla 19MBAFIN098 Unacademy & Zomato
Vaibhavi Kikale 19MBAFIN105 BookMyShow & Flipkart

3. PRITHIMA BHASKARAN

4. ABOUT LENSKART
 Lenskart is one of India’s leading online shopping portal for eyewear.
 Products range from eyeglasses, sunglasses and contact lenses.
 Founded by Peyush Bansal in 2010, with the headquarters in New Delhi, India.
 Valyoo Technologies Pvt. Ltd. is the parent company of Lenskart.
 Delivering their products to 450 cities across India.
 In the last 3 years, Lenskart has seen a remarkable growth with 300% increase in its
turnover.
PRITHIMA BHASKARAN

5. FUNDING
 SoftBank Vision
 SoftBank has invested about $231 million (Rs. 1,645 crore) in Lenskart Solutions.
 Lenskart has issued 22,976,465 Series G compulsorily convertible cumulative preference
shares to SoftBank Vision Fund II Lightbulb (Cayman) at a price of Rs 713.95 per share.
 As part of this transaction, Softbank will acquire the firm’s stake from Lenskart existing
investors.
 The new infusion comes at a time when Lenskart is planning to scale operations to more
locations in small towns in India and is also eyeing overseas expansion.
PRITHIMA BHASKARAN

6. OTHER COMPANIES INVOLVED
 SoftBank,
 PremjiInvest,
 Kedaara Capital,
 Chiratae Ventures,
 TPG Growth,
 Ratan Tata of Tata Sons,
 Rajeev Chitrabhanu,
 Adveq,
 Eqip Capital,
 IFC Venture Capital Group.
PRITHIMA BHASKARAN

7. FUNDING ROUNDS
Date Money Raised Lead Investor
1/10/2011 $ 4M Chiratae ventures
1/12/2012 $ 10M (---)
2/1/2015 $ 21.9M TPG TR Capital
4/5/2016 $ 60.1M (----)
6/9/2016 $ 2B PremjiInvest
9/1/2017 $ 240M Unilazer venture
7/8/2018 (----) Eqip capital
16/9/2019 $ 55M Kedaara capital
20/12/2019 $ 275M
Softbank vision
fund
PRITHIMA BHASKARAN

8. PRITHIMA BHASKARAN

9. ABOUT OYO
 It is a private company that was founded in the year 2013 by Ritesh Agarwal, that
provides lodging services.
 Industry – Hospitality.
 It is Headquartered in Gurgaon, Haryana.
 The areas served are – Asia, Europe & America.
 OYO app was launched in 2015.
PRITHIMA BHASKARAN

10. FUNDING
 OYO has raised a total of $3.2B in funding over 17 rounds. Their latest funding was
raised on Jan 6, 2021 from a Series F round.
 OYO is funded by 23 investors. Hindustan Media Venture and Ritesh Agarwal are the
most recent investors.
 OYO has invested in OYO LIFE on Oct 30, 2018. This investment - Funding Round
- OYO LIFE - was valued at ¥8.3B.
 OYO has acquired 7 organizations. Their most recent acquisition
was Danamica on Sep 2, 2019. They acquired Danamica for $10M.
PRITHIMA BHASKARAN

11. OYO INVESTORS
 Sequoia Capital
 Lightspeed Venture
Partners
 SoftBank Capital
 DSG Consumer Partners
 Softbank
 Greenoaks Capital
 Airbnb
 Anand Ladsariya
 Lightspeed
 Amit Patni
 Venture Nursery
 Huazhu Hotels Group
 Didi Chuxing
 Grab
 Shravan Shroff
 Ravi Kiran
 Bharat Banka
 SoftBank Vision Fund
 Hero Enterprise
 Ritesh Agarwal
 MyPreferred Transformation
PRITHIMA BHASKARAN

12. FUNDING ROUNDS
Deal type Date Amount Raised Investors
Series B Jul 2015 $100 m
Sequoia Capital, Lightspeed Venture
Partners, SoftBank Capital, Greenoaks Capital
Series C Aug 2016 $90 m
Sequoia Capital, Lightspeed Venture
Partners, SoftBank Capital, Greenoaks Capital
Series D Sept 2017 $250 m
Sequoia Capital, SoftBank Capital, Greenoaks
Capital, Lightspeed Venture Partners India, Hero
Enterprise
Series D Sept 2017 $10 m Huazhu Hotels Group
SERIES E​ SEPT 2018​ $1 B​
Sequoia Capital, Lightspeed Venture Partner
s, Greenoaks Capital,
Softbank Vision Fund
PRITHIMA BHASKARAN

13. Funding
Rounds
Deal Type Date Amount Investors
Series E​ Dec 2018​ $100 m​ Grab​
Series E Feb 2019​ $100 m​ Didi Chuxing, SoftBank Vision Fund​
Series E​ Apr 2019​ $100 m​ Airbnb​
Debt​ Nov 2019​ $7 m​ MyPreferred Transformation​
Series F​ Dec 2019​ $1.5 b​ Softbank, Ritesh Agarwal​
Series F Jan 2021 ₹540 Mn Hindustan Media Venture
FUNDING ROUNDS
PRITHIMA BHASKARAN

14. $1.5 BILLION FUNDING ROUND- SERIES F
(DEC 2019)
 As a part of this round, RA Hospitality Holdings’ infused $700 million as primary
capital in the company, with the balance $800 million being supplemented by other
existing investors.
 The funds were diverted towards continued growth in the United States, and in
strengthening the company’s position in Europe.
 The latest investment took Oyo’s total fund count to over $2 billion.
 In order to facilitate this transaction, Lightspeed Venture Partners and Sequoia, are
selling part of their shareholding in OYO to help the founder increase his stake while
remaining invested and committed to the company’s long-term mission.
PRITHIMA BHASKARAN

15. SHREYA SHUKLA

16. ABOUT UNACADEMY
 Unacademy was incorporated in the year 2015.
 It is an e-learning platform that aims to build an online knowledge repository for multilingual
education.
 The Bengaluru based platform founded by Gaurav Munjal, Roman Saini and Hemesh Singh
connects expert educators with students across cities looking for quality education.
 Legal Name : Sorting Hat Technologies Pvt Ltd
 Business Model : B2C
 Core Team :
1. Gaurav Munjal Founder & Chief Executive Officer
2. Roman Saini Co-Founder
3. Hemesh Singh Co-Founder & Chief Technology Officer
SHREYA SHUKLA

17. NAMES OF VCS INVOLVED
As of 2020, Unacademy had secured nearly $348.5 million in funding from investors,
including:
 Tiger Global Management
 Dragoneer Investment Group
 Nexus Venture Partners
 Sequoia Capital
 Blume Ventures
 General Atlantic
 Softbank Vision Fund
 Facebook
 Kalyan Krishnamurthy
SHREYA SHUKLA

18. BLUME INVESTORS
 Deals:124
 Notable Investments: Dunzo, Unacademy, Instamojo, Procol, Health Assure, Milk basket
 Key Sectors: Agnostic
 Stage: Early Stage Venture.
• An early and seed stage tech-focused venture fund founded by Sanjay Nath and Karthik Reddy
in 2010. The company launched its first micro-VC fund in 2011, becoming the first
institutionalized early-stage investor at that time.
• So far, the company has had nearly three other funds, the last one closing at $102 Mn in right
before the pandemic hit India. The VC firm has nearly $225 Mn total capital under management,
with investment in certain household names like Dunzo, Unacademy, Milkbasket, Yulu and LBB.
SHREYA SHUKLA

19. NEXUS VENTURES PARTNERS
 Deals: 80
 Notable Investments: WhiteHat Jr, Delhivery, Rapido, Unacademy, Druva, Jumbotail, Bolo App,
Pratilipi, Zomato
 Key Sectors: Agnostic
 Stage: Early Stage Venture
• It was founded in 2006 by three former entrepreneurs— Silicon Valley-based Naren Gupta along
with Mumbai-based Sandeep Singhal and Suvir Sujan. The firm makes investments in early-
growth stage companies with an average ticket size of $500K-$10 Mn.
• The company also participates in follow-on investment rounds at later stages. The firm had raised
$100 Mn in its first fund, and closed its fifth fund at $450 Mn back in May 2019. Nexus Venture
Partners successful exits include Gluster, Gitter, ElasticBox, MapMyIndia among others.
SHREYA SHUKLA

20. FUNDING ROUNDS
Date Transaction Number of
investors
Money
Raised
Investors
Nov 25, 2020 Venture round 2 - Dragoneer Investment Group, Tiger Global Management
Sep 2, 2020 Series F 6 $150 Mn Soft Bank Vision Fund
Feb 19, 2020 Series E 8 $110 Mn Facebook, General Atlantic, Sequoia Capital India
Jun 26, 2019 Series D 8 $50 Mn Blume Ventures, Nexus Venture Partners, Sequoia Capital
India, Stead view Capital
Jul 16, 2018 Series C 3 $21 Mn SAIF Partners, Sequoia Capital India
Sep 13, 2017 Series B 4 $11.5 Mn SAIF Partners, Sequoia Capital India
Jan 13, 2017 Series A 13 $4.5 Mn Blume Ventures, Nexus Venture Partners
Aug 24, 2016 Seed Round 14 $1 Mn Ashish Tulsian, Blume Ventures, Sandeep Tandon, Tracxn, Water
Bridge Ventures
May 11, 2016 Seed Round 6 $500 K Blume Ventures
SHREYA SHUKLA

21. SHREYA SHUKLA

22. ABOUT ZOMATO
 Started In - July 2008, Delhi NCR
 Founded By - Deepinder Goyal, Pankaj Chaddah
 Inception Name- “FoodieBay”; in November 2010 it was renamed as “ZOMATO”
 Parent Company - Info edge
 Category - Mobile Application Based
 Sector - Food & Restaurant guide
 Tagline/ Slogan - Discover great places to eat around you
 USP - Content is what sets Zomato apart – The restaurant & nightlife guide with menus, pictures and
map locations
 Segment - Young population, working professionals looking for information of restaurants
 Target Group - All Smartphone Users
 Positioning - Zomato provides the “guide” or the “discovery” experience of restaurants & food guide
SHREYA SHUKLA

23. SHREYA SHUKLA

24. NAME OF VCS INVOLVED
 Sequoia Capital
 Temasek Holdings
 Glade Brook Capital Partners
 Shunwei Capital
 Baillie Gifford
 Tiger Global
 Vy Capital
 Info Edge
 Delivery Hero
 Neeraj Arora
 Ant Financial
 Temasek
 Alipay Singapore
 Saturn Shine
 Steadview
 Pacific Horizon Investment Trust
 D1 Capital
 Kora
 Mirae Asset
 Luxor
 Fidelity (FMR)
SHREYA SHUKLA

25. FUNDING DETAILS
 Zomato has raised a total of $1.9B in funding over 19 rounds.
 The company’s latest funding was raised on Dec 18, 2020 from a Series J round.
 Zomato is funded by 21 investors. Luxor Capital Group and Mirae Asset Venture
Investment are the most recent investors.
 Zomato has made 3 investments. Their most recent investment was on Jun 14, 2018,
when Loyal Hospitality raised $15M.
 The company has had 1 exit, which was Grab.
 Zomato has acquired 13 companies. Their most recent acquisition was Uber Eats -
India on Jan 21, 2020. They acquired Uber Eats - India for $206M.
SHREYA SHUKLA

26. FUNDING ROUNDS
Date Deal Type Amount Investors
October 2018 Series J $210 Million Ant Financial
Feb 2019 Series J $35 Million Glade Brook Capital Partners
March 2019 Corporate Round $55 Million Delivery Hero
January 2020 Corporate Round $150 Million Ant Financial
April 2020 Series J $5 Million Baillie Gifford, Pacific Horizon Investment Trust
Sep 2020 Series J $62 Million Temasek
October 2020 Series J $52 Million Kora
Dec 2020 Series J $660 Million Kora, Tiger Global Management
SHREYA SHUKLA

27. $660 Mn Funding Round- Series J (Dec 2020)
 Zomato closed the deal of a $660 Mn round with 10 new investors joining the company’s cap table.
 Zomato has raised the round at a post-money valuation of $3.9 Bn.
 It is in the process of closing a $140 million secondary transaction on top of the $660 million and as
part of this it has provided liquidity worth $30 million to its former employees.
 Zomato has plans about going for an Initial Public Offering (IPO) in the first half of next year and also
building the war chest for future M&A, price wars from the competition.
 Zomato is currently in the midst of testing a new payout system, which ensures a payment of INR
4,000-5,000 a week for its delivery partners, which would change the overall costs structure for the
delivery business. The fresh funding would definitely go a long way towards easing these overheads.
 The minimum payout to delivery executives is made to their bank accounts when they meet a target of
60-65 hours a week. The new compensation model also provides a monthly compensation of INR 26-
28K a month which is higher than the market norms.
SHREYA SHUKLA

28. VAIBHAVI KIKALE

29. ABOUT BOOKMYSHOW
 BookMyShow is currently India’s largest online entertainment ticketing platform spread
across 5 countries and operating in almost 60 cities
 Earlier running under the brand of Big Tree Entertainment Pvt Ltd, BookMyShow was
founded by Ashish, Parikshit, and Rajesh in the year 1999.
 It initially operated as a software reseller for movie tickets, but gradually ventured into
cloud-based events, sports, and movies.
 BookMyShow Business Model is one of those rare business model examples based on
the internet that actually make money as internet handling fees/convenience fees on
consumer services.
 They initially started out as free (zero convenience fee) for consumers and then when it
gained popularity they started levying a 10% internet handling fee plus taxes.
VAIBHAVI KIKALE

30. BOOKMYSHOW REVENUE MODEL
 BookMyShow Revenue Model has almost 90% of the market share under the
entertainment ticketing sector.
 Despite emerging competitors, Book My Show revenue 2020 has managed to retain the
leader's position.
 The company’s quarterly revenue stood at $28 million in the last fiscal year. $330
million of revenue comes from the live entertainment sector industry that includes
sports, stand-up comedy, and other related events.
 The company is acquiring smaller competitors in this domain, a CAGR of 20% is
expected in the online ticketing industry by 2020.
The company has always focused on discounts especially on movie tickets and promotes
payments through BookMyShow revenue wallets; its wallet is the major source of
revenue that contributes about 60% of the total revenue.
VAIBHAVI KIKALE

31. FUNDINGS & INVESTORS
 The business thrived in spite of no investor support from 2002 to 2006.
 After the 'Dot Com' boom settled, the Indian market was revamped with better internet
services, credit and debit card facilities, and infrastructure setup.
 With a favorable scenario in the backdrop coupled with BookMyShows's promising
business plan, investors were willing to put in their money in the company.
 BookMyShow raised over $224.5 million in 6 rounds of funding.
VAIBHAVI KIKALE

32. FUNDING ROUNDS
Funding Date Stage Amount BookMyShow Investors
January 2007 Seed Undisclosed Network 18
August 2012 Series A $18 Million Accel
June 2014 Series B $25 Million Saif Partners
July 2016 Series C $81.5 Million Accel, Saif partners, Stripes
Group, Network18
July 2018 Series D $100 Million TPG Growth
January 2019 Venture Undisclosed Jungle Ventures
VAIBHAVI KIKALE

33. VALUATION & NET WORTH
 Prior to raising $100 million funding from 'TPG Growth' in July 2018, BookMyShow
was valued at about $750 million. With the boost from TPG Growth, it now hovers
around the $850 million mark.
 According to reports BookMyShow is likely to sell 10-12% of its stake to Private equity
major General Atlantic, Singapore’s sovereign wealth fund Temasek, and investment
banking major Goldman Sachs (others are being considered as well).
 If the sale is successful, this deal is likely to push BookMyShow's valuation to around
$1 billion, making it a unicorn venture.
VAIBHAVI KIKALE

34. VAIBHAVI KIKALE

35. ABOUT FLIPKART
 Flipkart is an Indian e-commerce company headquartered in Bengaluru. It was acquired
by Walmart, the American retail titan, for $16 billion in May 2018.
 In 2007, Sachin Bansal and Binny Bansal started Flipkart and since then, Flipkart has
only seen highs, selling a wide variety of products online like Amazon.
 In the initial years, Flipkart focused on selling books but today the catalog covers
categories like electronics, fashion, home essentials, groceries, and lifestyle products.
 Flipkart also has subsidiaries like Myntra, PhonPe, eBay, Ekart, Jeeves, and Jabong.
 Flipkart has over 100 million registered users, 100 thousand sellers, and 21 state-of-the-
art warehouses.
 Flipkart is a subsidiary of Walmart.
VAIBHAVI KIKALE

36. ABOUT FLIPKART
 In August 2018, U.S.-based retail chain Walmart acquired an 81% controlling stake in
Flipkart for US$16 billion, valuing the company at $20 billion.
 Walmart Inc. is an American multinational retail corporation that operates a chain of
hypermarkets, discount department stores, and grocery stores.
 Flipkart uses undifferentiated targeting strategy, since people of all demography
purchase items online which is available to everyone where the delivery is possible.
VAIBHAVI KIKALE

37. FLIPKART BUSINESS & REVENUE MODEL
 Flipkart works on a B2C business model i.e. Business to Consumer model.
 The company initially began with a direct consumer model wherein it sold books and
some other products.
 Today, Flipkart claims it has over 80 categories and over a million sellers on board from
all across India.
.The company started a unique feature of value preposition by offering 24 x 7 support to
the customer.
 Flipkart charges a certain amount or percentage of commission from the sellers which
vary depending on the type of product and the kind of sales.
 This may range from 5% to 20% excluding the taxes and discounts.
VAIBHAVI KIKALE

38. FUNDINGS & INVESTORS
 Flipkart has raised a total of $7.7B in funding over 22 rounds. Their latest funding was
raised on Dec 3, 2019 from a Corporate Round round.
 Flipkart started with an initial capital of $6000 in the year 2007.
 In 2008, Accel India, a venture capital firm, provided funding of $1 million.
 By the year 2012, Flipkart became a unicorn startup and South African Tec Major
Naspers announced further funding of $150 million.
 After Flipkart acquired Myntra in the year 2014, it was able to raise a funding of $210
million from DST Global.
As of May 2015, Flipkart had raised $550 million from some of its existing investors, in
a deal that raised its total valuation to $15 billion.
VAIBHAVI KIKALE

39. FUNDINGS & INVESTORS
 In April 2017, Flipkart underwent another round of funding, with $1.4 billion at
a valuation of $11.6 billion, including eBay, Microsoft, and Tencent.
 In August 2018, U.S.-based retail chain Walmart acquired a 77% controlling stake in
Flipkart for US$16 billion, valuing it at $20 billion.
 The acquisition was completed on 18 August 2018.
 Walmart also provided US$2 billion in equity funding to the company.
VAIBHAVI KIKALE

40. FUNDING ROUNDS
Funding Date Stage Amount Investors
October 2009 Series A $1 million Accel India
June 2010 Series B $10 million Nasper, Tiger Global Management
June 2011 Series C $20 million Tiger Global Management
August 2012 Series D $150 million Iconiq Capital, Naspers, Tiger
Global Management, Accel
July 2013 Series E $200 million Tiger Global Management, Naspers,
Accel Partners, Iconiq Capital
October 2013 Series E $160 million Dragoneer Investment Group,
Morgan Stanley Investment
Management, Sofina and Vulcan
Capital
VAIBHAVI KIKALE

41. FUNDING ROUNDS
Funding Date Stage Amount Investors
May 2014 Series F $210 million DST Global
July 2014 Series G $1 billion Tiger Global Management, Naspers, GIC
December 2014 Series H $700 million Baillie Gifford, Greenoaks Capital, Steadview
Capital, T. Rowe PriceAssociates and Qatar
Investment Authority
July 2015 Private Equity $700 million Steadview Capital
April 2017 Private Equity $1.4 billion Tencent, eBay and Microsoft
August 2017 Private Equity $1.5 billion SoftBank Vision Fund
August 2017 Secondary
Market
$1 billion SoftBank Vision Fund
VAIBHAVI KIKALE

42. THANK YOU