Anirvan Ghosh

India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.

India digest: Total raises funding from HDFC Capital; Amplus closes real estate fund

Total Environment has raised funding from HDFC Capitlal and Amplus has held first close of second fund. Total Environment raises funding from HDFC Capital Bangalore-based real estate developer Total Environment Building Systems Pvt. Ltd has raised $48 million from HDFC Capital‘s offshore fund, it said in a statement. The investment will… Read more »

PE firm Hamilton Lane Advisors closes fund-of-funds at $516m

Hamilton Lane Private Equity Fund IX is the largest fund-of-funds ever raised by the firm, which had $250 billion in total assets under management and advisory as of March 31, 2016.

India: Zoomcar in talks with Ford, Reliance and Sequoia to raise $25m

Bangalore-based Zoomcar is India’s first self-drive car rental company. Customers can rent by the hour, day, week or for an entire month. Its range of vehicles range from hatchbacks and SUVs to luxury sedans.

India: Cash, now dominant, will no longer be main mode of transaction by 2020, says Google-BCG Report

Indians will make $500 billion worth of payments through digital technologies by 2020, which will contribute to 15 per cent of the nation’s gross domestic product (GDP), according to a survey-based report by Google and BCG.

Exclusive: Remitly, with majority users in India and the Philippines, may raise $5m from IFC

The Seattle-based company’s customers receive their funds through a network of bank partners and cash pickup locations in both urban and rural areas.

India Digest: Norwest exits Shriram; Skrilo, UrDoorstep raise funding

Norwest has sold bulk of its holding in Shriram City Union, Skrilo has raised angel funds, and UrDoorstep has received bridge funding. Norwest sells most of its shares in Shriram City Union Finance Norwest Venture Partners has sold most of its shares in consumer lender Shriram City Union Finance Ltd., its… Read more »

India: SEAF invests in Synergy Kitchens and Hospitality, completes fund deployment

This investment is the ninth and final from SEAF India Agribusiness International Fund, which along with its sister SEAF India Agribusiness Fund, had a cumulative corpus of $42 million.

India digest: Astro Holdings looking to exit AskMe, top level exits continue at Flipkart

Astro Holdings is looking to exit AskMe Group while top level exits continue at Flipkart. Astro Holdings may exit AskMe Group Malaysian billionaire Ananda Krishnan-led Astro Holdings wants to exit e-commerce company AskMe Group following a tussle with minority shareholders. Astro currently has about 97 per cent stake in AskMe… Read more »

India: O2O platform Fashalot is raising $5m in fresh funding

Despite their fast growth, e-commerce firms get only 2 per cent of Indian consumers. The bulk of the market is offline retail, comprising of over 12 million brick-and-mortar stores, which the O2O startups have begun to tap.

India: Nalanda Capital sells $65m of Carborundum in partial exit

Nalanda had bought the shares in 2008, after the financial crisis had hit the US, dragging down stocks worldwide. On Wednesday, it sold shares worth $65 million in a secondary market transaction.