India Digest: Prateek raises $39m; Oyo eyes valuation of $4b; Ebix earmarks $500m for M&As

Realt estate company Prateek Group has raised Rs 275 crore (about $39 million) from Piramal Capital and Housing Finance for its ongoing 40-acre housing project in Ghaziabad while Oyo is in discussions to raise a fresh funding round of $1 billion, which is expected to fetch it a valuation of over $4 billion. US firm Ebix, which has been on an acquisition spree, may shell out $500 million more for new deals.