South Park Commons is raising $40M for an India-specific fund [TechCrunch]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: TechCrunch
entering the South Asian market in June, according to a filing with the U.S. Securities and Exchange Commission (SEC) last week. The exact size of the fund is yet to be determined, though the listing sets the target at $40 million. Founded by Facebook's first female engineer, Ruchi Sanghvi, in 2016, South Park Commons entered India last year by partnering with Flipkart co-founder Binny Bansal. The India chapter, based in Bengaluru, was the first global move of the platform that raised three funds to back early-stage startups in the U.S. In 2018, Sanghvi was joined by her husband and business partner, Aditya Agarwal, who previously worked at Dropbox as its VP of engineering. Unlike traditional VC funds and incubators like Y Combinator, South Park Commons looks for technologists who have strong ideas but may not be ready to fundraise yet — the “-1 to 0” stage, as the company says in its FAQ . The collective runs two different programs: Community Membership for entrepreneurs who ar
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WMT
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- 11/19/24 - Beat
WMT
Sec Filings
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- 1/3/25 - Form 4
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