India Dealbook: NowFloats, Khel Now, LetsTransport fundraise; IEIF invests in ChipperSage, Select Jobs
By Pramugdha Mamgain
NowFloats has raised $10 million in a series B round of funding from multiple investors including Iron Pillar and IIFL along with Blume Ventures & Omidyar Network, while Khel Now has raised $500,000 in a funding round from Thailand-based Indochine International Co. Ltd. In a separate deal, LetsTransport has raised $4… Read more »
PNB Housing has agreed to invest $44m in Parinee Group project, while Marvel Realtors has raised $22m from Piramal Fund Management. Also, Tata Realty and Infrastructure Ltd has acquired the Chattisgarh-based Durg Bypass road project. PNB Housing to invest $44m in Parinee Group project Carlyle Group-backed PNB Housing Finance has agreed to invest over Rs 300 crore ($44… Read more »
Chennai-based OPG operates and develops power generation assets in India
Mobile10X is an incubating program launched by IAMAI, Google India and Paytm.
Ride-hailing service Ola on Monday named Vishal Kaul, a PepsiCo veteran, as its chief operating officer (COO) and elevated current COO Pranay Jivrajika as founding partner. Kaul, who joined PepsiCo in 1999, has been vice-president (marketing), vice-president (business operations) and most recently, general manager (Thailand, Myanmar and Laos). An alumnus… Read more »
Existing investor Sequoia India also participated in the round.
PE inflows into real estate grew 62% from the a year ago.
Backing Munjal’s ambitious plan is around $125 million cash from IFC.
Airtel recently concluded merging its operations with Axiata in Bangladesh.
Apollo LogiSolutions is also keen on inorganic growth.