India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.
Aditya Birla Fashion and Retail (ABFRL) will acquire the Indian business of US-based clothing brand ‘Forever 21’ from Diana Retail Pvt. Ltd. for Rs.175 crore ($26 million). Diana Retail is the local franchise partner of Forever 21. “The transaction involved acquisition of the Forever 21 Undertaking of Diana Retail from July… Read more »
Singapore, Malaysia and Indonesia recorded a total deal activity valued at US$54.2 billion spread across 655 deals. That is much lower than the highs seen in 2015 in the same period of time, but higher than the levels seen in the second half of last year.
The investment team of the fund will comprise executives from both CEL and IDG Capital, to utilize both firms’ capabilities in private equity, capital market, investment banking and asset management.
Sequoia Capital led a $6 million investment round in January 2016. Snapdeal co-founders Kunal Bahl and Rohit Bansal, Zomato’s founder-CEO Deepinder Goyal, Ashish Dhawan, co-founder of Chryscapital, and Mayank Singhal of Singapore state investment arm Temasek Holdings are also investors in the startup.
Razorpay authenticates and accepts payments made through credit, debit cards, internet banking and digital wallets by providing a secure link between merchants and users.
Late-stage funding rounds, which are several times larger than early-stage, have skewed the average investments graph in favour of startups in Delhi NCR, most of which were e-commerce players who had raised multiple rounds prior to 2016.
The firm manages $16 billion in investments. It raised the capital from institutional investors like Allianz and PGGM, the Dutch pension fund manager. PAG has contributed about $20 million from its own resources.
CricHQ’s free app offers performance insights for coaches and players, while providing fans with essential cricket information and real-time scores. The company is exploring ways to use the same technology in football, played by more than 180 nations and with far more resources than cricket.
Wang Sicong, son of China’s richest man and Dalian Wanda Group chairman Wang Jianlin, and Luoji Siwei have also invested in the round.
India digest: Genpact acquires PNMsoft, Mahindra gets Scoot stake, BlogBeats raises funds, HT Media invests in Sports Asia
Genpact is acquiring PNMsoft, Mahindra Partners has invested in US-based Scoot, Blog Beats has raised pre-Series A funding, and HT Media has invested in Singapore-based Sports Asia Pte Ltd. Genpact acquires PNMsoft Business process management firm Genpact said that it is acquiring Israel-based PNMsoft, a case management and work optimization solutions company…. Read more »