Photo: Reuters

India Dealbook: NowFloats, Khel Now, LetsTransport fundraise; IEIF invests in ChipperSage, Select Jobs

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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 »

India Digest: Parinee Group, Marvel Realtors raise funds; TRIL buys toll road from SMS Infra

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 »


AIM-listed OPG Power to raise $146m via Indian IPO

Chennai-based OPG operates and develops power generation assets in India


India: Six mobile app startups raise funds

Mobile10X is an incubating program launched by IAMAI, Google India and Paytm.


India: Ola appoints PepsiCo executive Vishal Kaul as COO

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 »


India: Edu startup Cuemath raises $15m in Series B round from Alphabet

Existing investor Sequoia India also participated in the round.


India: Private equity inflows into realty jumps 62% in 2016

PE inflows into real estate grew 62% from the a year ago.


India: Hero Future Energies plans 100 MW solar power plant in South-East Asia

Backing Munjal’s ambitious plan is around $125 million cash from IFC.


India Digest: Airtel looks to merge Ghana ops with Millicom; Jumbo Electronics to exit India

Airtel recently concluded merging its operations with Axiata in Bangladesh.


India Digest: Apollo LogiSolutions eyes $100m funding; SmarterHi Comm, CRON raise funds

Apollo LogiSolutions is also keen on inorganic growth.