Ishita Russell

Senior Writer & Content Specialist, India
Email: ishita@dealstreetasia.com

Indian payment gateway BillDesk raises $85m from Visa, Temasek

The latest funding is estimated to land BillDesk a post-money valuation of $1.53 billion.


India Digest: Pine Labs eyes Qwikcilver; Wadhawan Group to sell Avanse Financial

The deal could provide exit to Qwikcilver’s existing investors such as Amazon, Sistema Asia Fund, Accel India and Helion Venture Partners.


Indian healthtech startup NIRAMAI raises $6m from Dream Incubator, others

The funds raised would be used for scaling in India, hiring top talent and getting additional regulatory approvals for international expansion.


India Digest: Reliance Nippon Life, Prestige Estates office portfolio stake sale

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.


Dutch lender ING exits India’s Kotak Mahindra Bank, sells shares worth $1b

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.


CPPIB, Baring PE Asia-backed Nord Anglia acquires India’s Oakridge schools

Nord Anglia is now present across eight countries in the Americas, Europe, China, Southeast Asia and the Middle East.


India Dealbook: Wishbook, SpotDraft, Turms secure fresh funding

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


India Digest: Adani eyes stake in MIAL; Reliance Cap offers Nippon to buy out JV

The Adani Group has made a formal offer to buy out South African firms from MIAL joint venture.


India Digest: Swiggy eyes UberEats India; TPG Growth looks to invest in Nykaa

The acquisition of UberEats is expected to be a share swap with Uber receiving around 10 per cent stake in Swiggy.


India Digest: Greenko to get more funding; JM Fin partially exits Adarsh’s projects

Last year, GIC and ADIA had announced investing $450 million in Hyderabad-based Greenko.