'Impact' investor Omidyar to exit India after 13 years

Omidyar Network India, backed by eBay founder Pierre Omidyar, announces plans to exit the Indian market by 2024. The firm will stop making new investments and completely transition out of India. The board and leadership team will assess how to manage the portfolio. Omidyar's portfolio in India includes 1MG, Healthkart, Vedantu, WhiteHat Jr, ZestMoney, and Doubtnut. The decision to exit is influenced by the changing economic landscape and the growth of the Indian startup sector.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lTmR6N0