InnoVen Capital India invested Rs110 crore (about $16 million) in the December quarter across 13 companies, including food ordering and delivery start-up Swiggy, furniture rental start-up Furlenco and online insurance provider Coverfox, a top executive at the venture debt company said. Backed by Singapore’s state-run investment arm Temasek Holdings Pte… Read more »
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The fresh funds will be used to expand to Delhi and Hyderabad in the next 12 months as well as expand its product offerings
Swiggy is talks with Naspers Ltd & Chinese conglomerate Fosun International.
Temasek Holdings has invested $800m in Verily Life Sciences, a Google affiliate.
Sun Capital Partners Inc has divested its stake in Lexington Home Brands to China-based private equity firm Yixing Capital, and Shenzhen-listed Luolai Lifestyle Technology.
Sachin Bansal, co-founder and chairman of Flipkart, India’s largest e-commerce firm, cut a rather sorry figure last week when he sought government protection at a public forum to stave off competition from foreign players. Bansal and Flipkart have had a rather tough year. It has been more than 12 months… Read more »
Sathavahana Ispat Ltd is in talks with Piramal Enterprises Ltd’s structured financing group (SFG) and others to raise as much as Rs500 crore in debt funding.
Lightbox Ventures is seeking to close 2 more deals with more mature tech startups in India in order to completely deploy capital from its second fund, which it closed in 2014.
Fundraising has become more difficult and might lead to further underperformance in the stock market, which could hinder successful initial public offerings (IPOs), the primary mode of exit for private equity investors.
Flyrobe co-founder Shreya Mishra says the investment led by IDG Ventures will be used to scale operations and expand the designer roster.