That doesn’t necessarily mean the Bengaluru-based venture capital firm loses its veto rights. Bengaluru-based venture capital firm Saama Capital cut a deal to sell its entire stake to OTPP. It commands a portfolio of more than 75 companies and has raised $1.2 billion across four funds, making it the country’s second largest venture capital firm. Despite those credentials, however, the Snapdeal debacle may compel the venture capital firm to revisit how its wants to play the market, especially in India, in the years ahead. But, if that is not the case, it may be time for Nexus to rethink its future direction.

Source: Mint May 24, 2017 19:18 UTC