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Industrialists are now taking keen interest in <keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword> and as per several reports, Hero’s <keyword id="159745" type="PERSON" weightage="20" keywordseo="Sunil-Munjal">Sunil Munjal</keyword> and <keyword id="599277" type="ORGANIZATION" weightage="20" keywordseo="Adventz-Group">Adventz Group</keyword>’s <keyword id="233083" type="PERSON" weightage="20" keywordseo="Saroj-Poddar">Saroj Poddar</keyword> are in talks to buy a stake in Paytm. 
 
If everything goes well, the investment will boost the value of Paytm's parent One97 Communications and may take its valuation of $6 billion. 
 Reportedly, Munjal, the chairman of <keyword id="171917" type="ORGANIZATION" weightage="20" keywordseo="Hero-Corporate-Services">Hero Corporate Services</keyword>, and Poddar, chairman of fertiliser and engineering services conglomerate Adventz Group, are negotiating a stake purchase from early investor and former IDFC Securities analyst <keyword id="125370" type="PERSON" weightage="20" keywordseo="Nikhil-Vora">Nikhil Vora</keyword>. 
 The deal will mark a partial exit for <keyword id="187821" type="PERSON" weightage="20" keywordseo="Vora">Vora</keyword> who owns about 1.6 lakh shares - a 0.35% share - in the <keyword id="302749" type="COMPANY" weightage="20" keywordseo="Alibaba">Alibaba</keyword> backed company. 
 
"They (Munjal and Poddar) will buy Rs 50 crore worth secondary stock at Rs 8,000 per share," one of the persons cited above, told ET. 
 Paytm, earlier received funding from Taiwan's <keyword id="6369515" type="COMPANY" weightage="20" keywordseo="Mediatek">MediaTek</keyword> in August when it was estimated to be worth $4.8 billion. This deal, if successful, will see the company valued at $5.5-6 billion, according to the sources. 
 
A boost in valuation can help the payments company - which has registered rapid growth in recent weeks due to the government's demonetisation exercise - command a better value when it seeks fresh institutional funding in the coming weeks. 
 
Paytm has seen business boom with transactions going up from 2.5 million per day to 7 million in November. 
 
The company is now focussed on growing its business in rural markets by offering local language support and new services for payments on feature phones. 
 <keyword id="198636" type="PERSON" weightage="20" keywordseo="Vijay-Shekhar-Sharma">Vijay Shekhar Sharma</keyword>, the founder of One97, told ET that his aim was to "move ahead from payments and offer a full bouquet of personal banking services in 2017". The payments bank, when launched, will offer fully portable accounts and even cashout features that a wallet company cannot do. 
 Large conglomerates like <keyword id="6355199" type="CITY" weightage="20" keywordseo="Reliance-Industries">Reliance Industries</keyword>, Aditya Birla Group and RPG (RP Goenka) Group meanwhile are looking to back ventures closer to their own businesses.

Sunil Munjal, Saroj Poddar likely to invest in Paytm; may reach $6 billion in valuation

When it comes to equity, <keyword id="125370" type="PERSON" weightage="100" keywordseo="Nikhil-Vora">Nikhil Vora</keyword> is dubbed as a star analyst and his latest move is the proof of the earned sobriquet. Vora sold full stake in <keyword id="6357120" type="UNKNOWN" weightage="100" keywordseo="PayTM">Paytm</keyword>’s parents company <keyword id="181441" type="COMPANY" weightage="20" keywordseo="One97-Communications">One97 Communications</keyword> to <keyword id="302749" type="COMPANY" weightage="20" keywordseo="Alibaba">Alibaba</keyword> and earned around Rs 150 crore on his six-year-old investment. He sold 0.35% stake or 1,60,000 shares of One97 Communications. However, Vora continues to hold shares in Paytm e-commerce, which was demerged from One97 Communications this year. Vora had picked up stake in One97 Communications after its aborted initial public offering in 2011 as the company sought to transition from a mobile value-added services provider to a mobile internet firm. Vora, who runs investment firm <keyword id="2652156" type="UNKNOWN" weightage="20" keywordseo="Sixth-Sense-Ventures">Sixth Sense Ventures</keyword>, now plans to launch a second venture fund. "Six companies in our portfolio have already seen a new round at a higher valuation," Vora told ET. The firm's other investments include luxury watches retail chain operator Ethos and Cross Roads India Assistance, which provides road-side assistance for cars and two-wheelers. While known for closely tracking listed retail and consumer goods companies, Vora also has been an active personal investor in privately held companies over the last decade.

Meet Nikhil Vora, who sold 0.35% of his stake in Paytm’s parent company and raked Rs 150 crore

An idea that was born in a class of Massachusetts Institute of Technology has now become a data analytics firm. We are talking about <keyword id="2646033" type="UNKNOWN" weightage="20" keywordseo="Infinite-Analytics">Infinite Analytics</keyword>, the Mumbai and Boston-based firm, here. And guess who is giving wings to the idea now? <a href="http://www.businessinsider.in/searchresult.cms?query=ratan+tata">Ratan Tata</a>. 
 The company, which is now looking forward to expand its predictive analytics technology to segments beyond retail and eCommerce, needed funds. This is when <keyword id="6360722" type="PERSON" weightage="20" keywordseo="ratan-tata">Ratan Tata</keyword> came to their rescue. The company’s CTO <keyword id="3029024" type="UNKNOWN" weightage="20" keywordseo="Purushotham-Botla">Purushotham Botla</keyword> thanked the business tycoon for this help. He said, "We are honored to have Mr. Tata as an investor and advisor. We look forward to working with him to uncover promising areas where we can deploy our analytics product." 
 
Some of the leading names associated with Infinite Analytics are <a href="http://www.businessinsider.in/searchresult.cms?query=Tim+Berners-Lee">Tim Berners-Lee</a>, inventor of the World Wide Web and Deb Roy, Chief Media Scientist at <a href="http://www.businessinsider.in/searchresult.cms?query=Twitter">Twitter</a>. Ever since its inception in 2012, the analytics company has received funds from various investors across the globe. The list includes Sixth Sense Venture’s <keyword id="125370" type="PERSON" weightage="20" keywordseo="Nikhil-Vora">Nikhil Vora</keyword> and investors from Silicon Valley. In addition, some major investors from Australia, Taiwan, India, UK and the US also provided financial assistance to the firm. 
 
So far the chairman emeritus of Tata Sons has invested in 12 startups, including Infinite Analytics, Xiaomi, Snapdeal and Ampere. 
Infinite Analytics has its technology development centre in Boston and a sales team in India. Among its customers are AirBnB, Comcast, Croma Retail, eBay, Future Group and Tata Marketplace. 
Image: indiatimes

Infinite Analytics gets funding from Ratan Tata

<ul><li><keyword id="12883346" type="General" weightage="100" keywordseo="prozo" source="Orion">Prozo</keyword> raised the funding through a combination of equity and debt financing. </li><li>The round also saw participation from JAFCO Asia and other marquee investors. </li><li>The funds would be used to expand its client base, warehousing and logistics network, and deepen its SaaS platform. </li><li>The current round is a precursor to a larger series B round planned in FY24, said the company. </li></ul><keyword id="118965" type="General" weightage="20" keywordseo="Supply-chain" source="Orion">Supply chain</keyword> company Prozo on Tuesday said it raised ₹45 crore – through a combination of equity and debt financing – in a pre-series B round led by <keyword id="2652156" type="General" weightage="80" keywordseo="Sixth-Sense-Ventures" source="Orion">Sixth Sense Ventures</keyword>. The round also saw participation from JAFCO Asia and other marquee investors. The current round is a precursor to a larger series B round planned in FY24 and the funds raised currently would be utilised to expand its client base, warehousing and logistics network, and deepen its Prozo Warehousing &amp; Logistics SaaS platform, said the company in a press release. “Prozo is like an operating system of supply chains wherein brands of all sizes can customise their supply chain, leveraging Prozo’s fulfilment and logistics network,” said Ashvini Jakhar, founder and CEO - Prozo. The company offers supply chain services to nearly 100 brands through a network of 30 omni- channel fulfilment centres across 12 locations. Founded in 2015, the Gurgaon-headquartered company has raised ₹131 crores of funds to date. Its last round of funding, of ₹76 crore, was also led by Sixth Sense Ventures. “Prozo has scaled faster than expected since our last investment in March 2022 in a very responsible manner. Large enterprises as well as fast-growing D2C (direct-to-consumer) brands including the likes of Tata Consumer, Reliance, Hyundai, WH Smith, Snapdeal, Soothe Healthcare, Traya, Pepe Jeans, LEAP &amp; Vahdam entrust Prozo with their supply chain management,” said Nikhil Vora, founder and CEO, Sixth Sense. As supply chains become more and more complex, Prozo is well-placed to become the market leader in its segment with its end-to-end supply chain capabilities, he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/digiqure-the-latest-startup-to-appear-on-shark-tank-india-s2-aims-to-tackle-healthcare-services-in-rural-area/articleshow/97911962.cms">The untimely death of 7-year-old girl inspired this startup to start e-clinics in villages</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/insurancedekho-raises-150-mn-largest-ever-series-a-funding-by-an-insuretech-startup/articleshow/97904343.cms">InsuranceDekho raises $150 mn, largest-ever Series A funding by an insuretech startup</a>

Supply chain startup Prozo raises ₹45 crore in pre-series B round led by Sixth Sense Ventures

<div class="KonaFilter image-container display-table"><div><div class="image"></div></div></div><ul class="summary-list"><li>Goldman Sachs announced its 2019 class of managing directors, with 465 new promotes getting the nod.</li><li>Of the 465 promoted, 29% are women, and 34% identified as an ethnic minority or LGBTQ.</li><li>The firm announces managing-director promotions every two years.</li><li>It's one of the most coveted positions on Wall Street, a step below partner at the premier investment bank.</li></ul><a href="http://markets.businessinsider.com/stock/GS-Quote"> Goldman Sachs</a> just announced a new class of 465 managing directors, and millennials comprised nearly two-thirds of it. The promotions, which are announced once every two years and are among the most coveted on Wall Street, put recipients one step <a href="https://www.businessinsider.com/goldman-ceo-solomon-offering-buyouts-to-partners-shrink-senior-ranks-2019-9">below partner</a> at the prestigious investment-banking firm.The 2019 class is smaller than the record-setting class of 509 in 2017, but larger than the class of 2015, which had 425 new MDs.It's also one the youngest classes the bank has promoted - 62% are millennials, up from 44% in 2017 and <a href="https://www.businessinsider.com/goldman-managing-director-list-2015-11">30% in 2015</a>.Other headline stats about the class:<ul><li>66% started their careers as analysts or associates at Goldman Sachs, equal with 2017.</li><li>29% of the class is women, up from 24% in 2017.</li><li>34% of the identified as an ethnic minority or LGBTQ: 26% are Asian, 4% are black, 2% are hispanic/Latino, and 2% are LGBTQ. </li></ul><h2>Here's the full list of all 465 new managing directors:</h2>Rashid Abdalla Angela Abramian-Katz Meredith Adams Keren Adan Vikas Agrawal Mike Ahern Edward Ainsworth Danny Akerman Temidayo Akinola Aaron Albert Eyas Aldossari Marsha Alexander Daniel Alger Asad Ali Brendan Ames Dipam Amin Rebecca Anderton-Davies Junnosuke Ando Ash Ang Timothy Arblaster Kenan Arkan Patrick Armstrong Cameron Arrington Cindy Au Anne-Victoire Auriault John Aurre Frederick Baba Andrew Bailey Tanya Baker Victoria Baker-Duly Venkatesh Balasubramanian Nick Baltas Maria Barron Baratech Luke Barrs Robert Bartlett Dennis Beeson Angus Bell Bob Bengtson Kerryann Benjamin Jeff Bernstein Adam Berry Michel Beshara Justin Betzen Praveen Bhagavathula Peter Biggs Ersen Bilgin Nathan Bird Simon Birtwistle Barnali Biswal Brittany Boals Moeller David Bodenstein Vanessa Bogaardt Kevin Boova Andrea Bora Said Boujnah Jeff Boyd Rachel Boyd Glyn Braganza Joyce Brayboy Pierre Brunet Keith Brunini Steven Budig Francisco Cabeza Kimberly Carabetta Sarah Card Marie Cardoen Gloria Carreno Jonathan Carter Osmar Castellani Junior Lucia Catalan Federico Ceresole Jeffrey Chao John Chappell Yogesh Chati Frank Chen Selina Chen Hakim Cherrouk Christopher Yiu Chung Cheung Tak Cheung Siddharth Chhabria Liz Chick James Chilcott Jon Child Naveen Choppara Leonard Chung George Cole Greg Collett James Colletti Kevin Conniff Simon Constant Charles Corke Krystal Cowan Ben Coward-Talbott Nerissa Cumberbatch Ryan Cunn Nadim Daban Brook Dane Abigail Darby Michael Daub Bill Davis Christopher Dawe Jeffrey Dawkins Adam Dawson Philipp de la Chevallerie Camille de Lamotte Frederik De Neree Joaquin de Soto Dan Deighton Manuel Deijk Stefanie D'Elia Lena Demashkieh Michael Dente Philippe Derimay Bradley Diener Michel Dimitri Angelo Diotisalvi Natalia Dobrinskaya John Doherty Matthew Doherty Jerome Dortmans Hamish Douglas Crista Downey Andre D'Souza Alexander Dupont Brett Durick Tsuyoshi Egawa Gaudenz Eichenberger Nnaemeka Eke Bill Elfsten Abel Elizalde Russell Elliott Scott Epperson Robert Fama Meriem Feghoul Xinyi Feng Roger Fenningdorf David Fernandez Morgan Fitzpatrick Ryan Flanagan John Flood Kellan Florio Kerry Flynn Jeremy Follett Anneliese Foster Fabrice Francois Marissa Freund Anders Furuhed Sebastien Gagnon Timothy Galligan Francesca Gardner Raj Garigipati Brian Garrett Douglas Gilman Aaron Goldman Jeremy Goldman Sanyam Goyal Ricky Grant Steven Gray Jules Gruner Shao Ping Guan Anushka Gupta Sonia Gupta Arvind Guruprasad Itir Guvenc Mungan Raymond Haagen Andrew Haave Sylvia Hadjimamas Terry Hagerty Sharon Hall Jeff Haller Scott Hankey Sara Hanlon Tom Haraldsson Alex Harman Lauren Havens Ken Hayahara James Hayward Tom Healy Victoria Hegan Michael Heller Paula Hendrickson Evan Herring Schuyler Heuer Daniel Hibbert Andrew Hine Megan Hogan Yoomin Hong John Hooton George Horton Dan Howard Christine Hu Katie Hyde Nicole Irvin Ahmed Ismail Kumar Iyer Philip Jacob Raphaelle Jacquemin Rajan Jain Rich James Marene Jennings Kyle Jessen Natasha Jhunjhunwala 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You Searched For "Nikhil Vora" and got 5 results

Sunil Munjal, Saroj Poddar likely to invest in Paytm; may reach $6 billion in valuation

BI India Bureau

Meet Nikhil Vora, who sold 0.35% of his stake in Paytm’s parent company and raked Rs 150 crore

BI India Bureau

Infinite Analytics gets funding from Ratan Tata

BI India Bureau

Supply chain startup Prozo raises ₹45 crore in pre-series B round led by Sixth Sense Ventures

Srishti Magan

Goldman Sachs' new managing-director list is out, and millennials dominated the class

Alex Morrell,Dakin Campbell

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