Exclusive: India’s ixigo closes $15m Series B round led by Sequoia Capital


Chinese investment firm Fosun Capital also participated.

India: Fundraising via QIP hits a new low in four years

The qualified institutional placement (QIP) route for raising funds has lost its attraction.

India: Stricter norms for e-wallets likely soon

When the Reserve Bank of India (RBI) issued draft master directions on issuance and operation of prepaid payment instruments, the underlying theme was security and customer protection. If these draft guidelines turn into reality, here is what it would mean for your e-wallet and gift cards. PAN or Aadhaar may… Read more »

Stayzilla founder arrest shakes up Indian startup community

Over 175 founders have sought Vasupal’s release.

India: IFC to invest $3m in pi Ventures’ maiden fund

pi Ventures recently marked the first close of its maiden fund at $13m.

India: Vodafone’s merger with Idea faces major obstacles, challenges

They have to handle a host of issues, regulatory and cultural.

India Digest: IL&FS looks to exit China expressway JV; Draper plans to re-enter India

IL&FS is in the process of exiting its joint venture with China’s Chongqing Expressway Group (CEG),  while venture capital firm Draper Associates is keen to   invest in India again. IL&FS looks to exit Chongqing Expressway Group JV IL&FS is in the process of exiting its joint venture with China’s Chongqing Expressway… Read more »

India: Snapdeal in talks with Flipkart, Paytm for potential sale

Online marketplace Snapdeal, which has been struggling to raise fresh funds, is in preliminary talks with two of its biggest rivals—Paytm E-Commerce Pvt. Ltd and Flipkart India—for a potential sale that could value the company at less than the total equity raised by parent Jasper Infotech Pvt. Ltd, according to… Read more »

India: Carlyle Group leads the race to buy GE Capital’s stake in SBI Card

Global private equity (PE) firm Carlyle Group has emerged as the front runner for GE Capital Corp.’s stake in SBI Card, the credit card joint venture between the US-based company and India’s largest lender State Bank of India (SBI), at least two people privy to the matter told Mint. “Carlyle… Read more »

India Dealbook: Gaja Capital to invest $20m in Kangaroo Kids; Jubilant to buy US-based co

Mumbai-based Kangaroo Kids has a presence in Dubai, Maldives and Qatar also besides India.