The acquisition will give a full exit to Alibaba and private equity firm Abraaj Group.

Mishra is the founder and CEO of Afthonia, an incubator for fintech startups.

When Alibaba’s investments started faltering, it changed its focus to Southeast Asia and India became a low priority.

If the talks go through, it would be one of the largest consolidation deals in the Indian edtech space.

With this round, KreditBee’s parent company Finnov has cut down the shareholding of its existing Chinese backers from 40% to 10%.

As Stride Ventures prepares for the final close of its maiden fund, it has already backed 14 startups, with more to come.

Zomato is looking to list itself in India and reportedly plans to raise USD 6 to 8 billion during IPO.

Meesho’s revenue revenue in FY 2020 grew to USD 42 million recording almost a four-fold rise from USD 11 million a year earlier.