India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.
The Beijing-based firm is raising a $200 million global private equity fund that allows people on the mainland to tap assets overseas, with investments starting from $150,000. The two private equity giants are already partners with CreditEase for the product, which has focuses on businesses such as consumer, telecom, healthcare and industrial.
Propertylink has debuted on ASX, and Logos has closed its second China venture. Propertylink debuts on ASX after IPO Property funds manager and landlord Propertylink has commenced trading on the Australian Stock Exchange (ASX) after raising $384 million in their initial public offering. While the company achieved its target raise, the… Read more »
OnlineTyari, through its multilingual app and website, allows people to prepare for job-oriented tests including civil services, banking services, UPSC, GATE and state government jobs.
The fund will invest in commercial medical technologies, and was officially launched by Innovation and Science Minister Greg Hunt on Wednesday. The fund matches every dollar venture capital and super funds invest upto $500 million.
RocketSpace, started in 2011 by Duncan Logan, houses more than 800 tech startups in its San Francisco-based startup accelerator campus.
Private equity firm Mandala Capital is raising $250 million for a new fund, which will invest in agri-businesses in India. The Mauritius-based firm has invested $180 million so far, all in India-based companies involved in agriculture. Mandala Capital looks for opportunities to provide growth capital in public equity investments. The new… Read more »
As part of the agreement, Uber and investors in UberChina will take a 20 per cent stake in Didi, which was valued at $28 billion in its latest fundraising round. Uber’s China operations will merge with Didi, which will now have a valuation of about $36 billion.
Investment fund Japan Industrial Partners is acquiring children’s clothing retailer Narumiya International Co for an undisclosed amount. The seller is venture capital firm SBI Holdings, which had taken majority stake in 2007. Narumiya plans to reach ¥30 billion ($292 million) in sales by 2020. That would be an increase of about 45 per cent… Read more »
Investors have turned their attention to business-to-business startups this year, after last year’s focus on e-commerce and consumer startups. B2B startups do not have the huge cash burn associated with their e-commerce counterparts, allowing them to become profitable sooner.
PC Jeweller’s board has approved Fidelity funding, while Shriram Land and IStyleYou have raised more funds. PC Jewellery raising Fidelity funding Delhi-based jewellery retailer PC Jeweller Ltd is raising $38 million from US-based Fidelity. It will use the funds to set up a chain of smaller and franchised stores in… Read more »