Future Bazaar is an Internet Venture of Pantaloon Retail India Ltd. Recently, Sherpalo Ventures and Kleiner Perkins picked up 15% stake in the company for an undisclosed sum putting the valuations in question.
We are in receipt of a report by Morgan Stanley[MS] from which we deduce the value of FutureBazaar.com. In valuing Pantaloon Retail, MS considers a base case valuation of Rs 240 crore for Pantaloon’s 80% stake in Future Bazaar valuing the entire portal business at Rs 300 crore. [$75 Million]
So Sherpalo and KPCB are likely to have acquired 15% stake around the same valuation costing them around Rs 45 crore [$11.1 Mn]
Indian Startups that got funded are – Komli Advertising Network and MapyMyIndia. Komli has received an undisclosed amount from Draper Fisher Jurvetson and Helion Ventures. Komli also announced the launch of the Komli Premium Network, in addition to Komli Performance Network. The Komli Premium Network work only with premium quality publishers and helps marketers who want to engage with consumers in a more targeted and rich way online. I am yet to see some innovation on this front.
MapMyIndia.Com has received undisclosed amount of funding from Sherpalo Ventures and Kleiner Perkins. Read our review about Yahoo! India Maps. I think Yahoo! sources content from MapMyIndia.