Pramugdha Mamgain

Correspondent & Content Specialist, India ​
Email: pramugdha@dealstreetasia.com

India Dealbook: L&T Infotech, Ebix, Greenlam in M&A news

L&T Infotech said it is buying German IT consulting and software services company Nielsen+Partner for $31.5 million.


UK private equity firm Actis seeks $500m for India real estate fund: report

This is the second Asia realty fund floated by Actis after it raised a $750-million fund to acquire realty portfolio of SCPE in August last year.


India Dealbook: LetsVenture backs Nanoclean; Blume invests in Dunzo; Agnikul fundraise

Nanoclean, which was incubated at IIT-Delhi, will use the funding proceeds to expand its B2C offline business.


Fashion marketplace JOOR secures $16m in Series C funding led by Japan’s ITOCHU

Japan is the second largest luxury market in the world, behind the United States and ahead of mainland China.


Spend on driver training pushes China’s Didi losses up to $1.61b in FY18: Report

Didi spent a total of $1.67 billion on incentives to attract qualified drivers with at least three years’ of driving experience and no criminal record.


Sequoia India leads $8m funding in online investment platform Smallcase

Existing investors including Blume Ventures, Straddle Capital, Beenext Pte Ltd, WEH Ventures and DSP Adiko also participated in the round.


India Dealbook: Tiger Global backs Fyle; Svasti Microfinance raises $4.7m

Tiger Global has led a $4.2-million funding round in Bengaluru-based expense management startup Fyle Technologies.


KKR’s NBFC arm invests $100m in Embassy Group’s Bengaluru project

KKR’s NBFC arm, KIAFL, has been active in India since 2015 and has invested more than $1.5 billion in the country’s realty sector.


Private equity firm The Chatterjee Group to buy IDFC Securities stake

SBI Capital Markets and Stock Holding Corporation of India were reportedly also in the fray to acquire the stockbroking arm of IDFC.


India Digest: Mirae Asset-Naver said to invest in Ola; Unicorn Ventures backs OpenApp

Mirae Asset-Naver Asia Growth’s investment will be part of Bengaluru-based Ola’s Series J funding round, pegged at $1 billion.