India Digest: AION exits Varun Beverages; Shuttl raises $5m from US VC


The latest round of funding for Shuttl comes right after it raised capital from Sequoia, Lightspeed and Times Internet.

India dealbook: Startups Swadha Energies, CivilCops raise funding

Chennai-based startup Swadha Energies Pvt. Ltd has raised an undisclosed sum from the Indian Angel Network (IAN).

India: Mahindra Group unit looking to sell solar power assets

The sale process of these solar assets is being managed by investment bank Avendus Capital.

India’s Reliance said to be in talks to buy British toymaker Hamleys

Reliance Retail currently has the license to sell Hamleys products in India.

Creador hikes stake in India’s PC Jeweller by picking shares worth $24m

The Malaysia-headquartered fund has raised its stake in PC Jeweller Ltd to 8.6% from 4.76% earlier.

Binny Bansal, 021 Capital invest $3m in Indian supply chain startup Increff

A part of the funding will be used to augment Increff’s product offerings, while some of the proceeds will be used to enter international markets.

FMO commits $15m to South and SE Asia-focused PE firm Kaizen’s fund

The private equity fund will invest in startups in education and related fields in the emerging countries of South and Southeast Asia.

India Dealbook: Edtech startup WhiteHat Jr, cab aggregator Routematic raise funding

WhiteHat Jr teaches coding to children between the age group of 6 and 14, thereby addressing a unique gap in the current education system in India.

India Dealbook: Cipla to acquire stake in South African firm; Kurl-on buys US firm

Drug major Cipla Ltd is acquiring a 30% stake in South African healthcare firm Brandmed for 65 million rand ($4.6 million or Rs 32 crore).

Startup founders set forth three demands for India’s next govt

The demands include ironing out issues related to angel tax for startups and more regulatory clarity on emerging business models.