Senior Writer & Content Specialist, India
The latest funding is estimated to land BillDesk a post-money valuation of $1.53 billion.
The deal could provide exit to Qwikcilver’s existing investors such as Amazon, Sistema Asia Fund, Accel India and Helion Venture Partners.
The funds raised would be used for scaling in India, hiring top talent and getting additional regulatory approvals for international expansion.
Last week, Reliance Capital had invited its equal JV partner Nippon Life Insurance of Japan to acquire its 42.88% stake in the asset manager.
In November last year, ING Mauritius Investments 1 Ltd, a subsidiary of ING Bank NV, sold about 12.7 million shares of Kotak for around $200 million.
Nord Anglia is now present across eight countries in the Americas, Europe, China, Southeast Asia and the Middle East.
Info Edge’s stake in Wishbook will increase to 28.98 per cent from 21.88 per cent that it had acquired in July 2017
The Adani Group has made a formal offer to buy out South African firms from MIAL joint venture.
The acquisition of UberEats is expected to be a share swap with Uber receiving around 10 per cent stake in Swiggy.
Last year, GIC and ADIA had announced investing $450 million in Hyderabad-based Greenko.