RNT Capital may put $60m while Falcon will invest $40m
By Ishita Russell
This boosts Flipkart’s ability to compete with arch-rival Amazon India.
Fenqile, a Chinese online shopping mall that lets users pay in installments, is planning a U.S. initial public offering that could raise about $600 million, according to people with knowledge of the matter. The Shenzhen-based startup, founded by former Tencent Holdings Ltd. executive Xiao Wenjie, could list as soon as… Read more »
Franklin Templeton PE has exited Daily Hunt, while SBI is looking to hike stake in its credit card JVs with General Electric. Also, Tech Mahindra plans to raise external funding for 3 in-house startups. Franklin Templeton PE exits Dailyhunt, gets three-fold return Franklin Templeton Private Equity Strategy has sold its… Read more »
Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016.
Healthcare services platform Practo Technologies Pvt. Ltd has acquired Enlightiks Business Solutions Pvt. Ltd, a healthcare analytics solutions firm, in a cash and stock deal. Established in 2012, with offices in Bengaluru and Charlotte in the US, Enlightiks owns a predictive clinical and computational platform called Querent and uses big… Read more »
Go-Jek will add five new services as Indonesia’s fastest-growing startup deepens its range of on-demand products to dominate its home market before embarking on regional expansion. The company has already moved from its roots as a source of cheap motorcycle rides in Jakarta and 14 other cities to become Indonesia’s… Read more »