India Digest: Sri Kailash Logistics stake sale; 500 Startups Kulfi fund; Myntra incubation plan

Posted by & filed under Deals & Investment

Everstone plans to acquire majority stake in Sri Kailash Logistics, while 500 Startups has put its Kulfi fund on hold. Also, Myntra has revived its incubation programme. Everstone to pick up majority stake in Sri Kailash Logistics for $30m Private equity major Everstone Capital is likely to acquire majority stake in Chennai-based Sri Kailash Logistics for nearly… Read more »

People Digest: 500 Startups Rui Ma to set up FoF; OTPP names Taylor as senior MD

Posted by & filed under People

500 Startups has witnessed the departure of its Greater China Partner Rui Ma who has set up her own fund-of funds.Meanwhile, Ontario Teachers’ Pension Plan has promoted Jo Taylor from being the Regional Managing Director for Europe, Middle East and Africa as the Senior Managing Director, International and will oversee pension plan’s presence in London and Hong Kong.