Ishita Russell

Senior Writer & Content Specialist, India

India: Automobile marketplace Truebil raises $14m Series B round

With this latest round of funding, the company has so far raised a total of Rs 160 crore ($22.5 million).

India Dealbook: Zenar, Cyient, Sheroes in M&A; M1xchange, FreshMenu, Liquiloans raise funds

Zensar is selling some of its non-core businesses to Lorhan IT Services- a unit of US-based firm First Tek Inc for up to $4 million.

Keppel Capital’s third Alpha Asia Macro Trends Fund rakes in $1.1b

Its first fund closed in 2009 at around $1b & its second fund made a final close at $1.65b in 2011.

Meenakshi Group launches $10m startup fund

Meenakshi Multiples has acquired 6% stake in Hyderabad based co-working venture iKeva for an undisclosed amount.

India Digest: Mytrah Mobility, Hitachi Payment, Dena Bank in the news

The funding from GCF, which Mytrah will be availing the funding through SIDBI, will help finance 5,000 electric buses.

India Digest: Ola NBFC,  Amazon-More deal, airport privatisation plan in news

Ola already operates a pay-later product Ola Credit, however it now wants to deepen its lending offerings through an NBFC arm.

India: AdvantEdge gets $14m anchor investment for $42m second fund

Founded by Kunal Khattar, AdvantEdge is an early-stage tech fund investing across consumer sectors with a focus on mobility.

Caplin Point arm raises $31m from Eight Roads, F-Prime Capital

The funding will help Caplin Steriles to boost its capacities to cater to growing demand from markets like US and Europe.

India Dealbook: LoanTap, Alteria Capital, Shuttl, IndigoLearn raise funds

LoanTap’s existing investors Shunwei Capital, Kae Capital, India Quotient and Tuscan Ventures also participated in the round.

India: SoftBank may pick up over 40% stake in Firstcry for $400m

The investment from SoftBank is likely to value FirstCry at around $600-700 million.