IPOs & Markets
Wine has been gaining favour in India in the past few years.
India's top winemaker Sula Vineyards eyes $353m valuation in IPO
India: Lodha Group's Macrotech Developers plans $450m share sale
Indonesia plans IPOs for state energy firm Pertamina's two units next year
SEA Digest: SG-based Glints announces layoffs; Indonesia's Hijra Bank launches mobile banking app
Indonesian agritech firm Sayurbox cuts 5% workforce
Lazada receives another $342.5m capital infusion from Alibaba
Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Ozi Amanat’s K2 Global raises $300m to invest in tech startups
Vietnam: KKR-backed EQuest takes controlling stake in Khoi Nguyen Education
Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
The controlling family, Lodha Group, will be selling a stake of about 7%.
Wakefit’s existing investors, including Sequoia Capital India, are likely to join the round.
Blume has backed over 100 startups through multiple funds.
Policy & Regulations
The company has been asked to drop all such ads, direct or surrogate, from search results and YouTube.
Total comprehensive loss narrowed marginally to $195.2m.
RENEE also saw participation from Edelweiss Group and existing investors Equanimity and 9Unicorns.
Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada’s Loyal VC also joined the round.
There were 131 PE-VC transactions in the month, versus 87 in Oct.
Q & A
The firm sees these markets as offering the best opportunity to invest at the moment.