Nazara Founder, Other Angels Curl Into Bunk Beds At Hostel Chain Gostops
GoStops, a hostel chain focused on young travelers, has raised an undisclosed sum from angel investors including Nitish Mittersain, founder and managing director (MD) of mobile games company Nazara Technologies Ltd, according to reports.
Snapdeal In Talks For USD 100m At Valuation Of USD 800m-1.2bn
Snapdeal is in talks to raise about USD 100 million from new and existing investors, including Japan’s SoftBank, in what will be its first major fresh capital-raise in over three years, said two sources briefed on the matter. The Delhi-based company, which went through a pivot to focus on smaller towns and unbranded goods after its failed acquisition by Flipkart in 2017, has told new potential investors that SoftBank is committing to half of the round.