DST Global Russia Looks To Invest In Indian Internet Companies

Russia’s top internet fund DST Global is looking towards Indian internet firms after a successful foray into similar Chinese companies this year. After opening their Hong Kong office this year, they’ve already invested in the retail-oriented 360buy.com and B2B trade portal alibaba.com in China. DST Global has now expressed its interest in investing in Mumbai-based local search services company, Just Dial, which filed for a stock listing in June this year and is expected to go to its IPO in the near future. Additionally, they have also held negotiations to jointly invest USD 200 mln in Flipkart.com, an online retailer of consumer goods; Flipkart is currently seeking a valuation of up to USD 1 bln.