Search Results for:Pramugdha Mamgain
India Digest: Visa nears BillDesk deal; Emami picks Loli stake; Sequoia backs Metrobikes; Neev fund to wind up
The investment is likely to value BillDesk at around $1.5-2 billion.
UST Global will use the proceeds for acquisitions to boost inorganic growth opportunities.
The fund saw participation from about 53 limited partners (LPs).
In March, StanChart PE reached a provisional agreement to sell its real estate investment unit to Actis, part of the British government’s development arm CDC.
The PE firm plans to deploy major portion of the fund for buyout and control transactions.
Samara Capital, Samena Capital from Middle-East, China Development Investment Bank, Albright Capital and Cartesian Capital Group from the US own 33% stake in Flemingo Travel.
Creador entity Latinia had invested about $16.7 million for a minority stake in Vectus in June 2014.
The proposed India fund is seeking a 50-70 per cent contribution from international investors, and is likely to see the first close by Q1 2019.
SAARC member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka
With this, the fintech app Toss parent has secured a total funding till date of $116 million.