Milner is expected to make investments of about $5 million each in Olacabs and Mumbai-based start-up Housing.com
Yuri Milner, Russian tycoon and one of the biggest tech investors in Silicon Valley, has announced that he will invest on Indian start-ups. Milner is expected to make investments of about $5 million each in Olacabs and Mumbai-based start-up Housing.com, as reported by The Times of India.
DST Global, Milner's investment company, is a significant shareholder in Bangalore-based e-commerce biggie Flipkart. However if the two transactions go through, then they would be Yuri's first personal investments in India.
“Milner's investment is expected to be through the primary route but the transaction with Ola and Housing may involve some secondary sale of shares as well by existing investors,” sources told TOI.
Known as being the most successful social media investor in the Valley with Facebook and Twitter being a part of DST Global's portfolio, Milner is scouting opportunities in the India market which has seen heightened investor action across consumer tech companies with the likes of Flipkart raising a billion dollars at a $7 billion valuation last month.
Business Opportunities
Our Group Sites
Popular Cities
