India: Jain Irrigation Systems to raise $40m debt from IFC for expansion


JISL is investing about $50 million in expanding its operations.

India: Japan’s Sumitomo, Krishna Group form realty JV, to invest $2b in first project

The first project will be an 18 million sq ft development in Gurugram with cost in excess of $2 billion.

Guest post: Healthcare payments in India – A $60b new frontier

Hailey Hu from B Capital builds a case for the impending shift in India’s healthcare sector towards private insurance, helped by tech startups.

Alibaba in talks to pick 10-12% stake in Indian content startup Dailyhunt

Dailyhunt claims to be India’s largest news and local language content application with over 155 million app installs.

Federal Bank to acquire 26% stake in Mumbai-based investment bank Equirus Capital

The association would aid Federal Bank in offering a host of products including wealth management services to high-net-worth individuals.

VCs in India scramble to sell stakes in old portfolio firms, seek fund extensions

VCs have been unable to get exits from all of the portfolio companies of their first funds. Consequently, they are exploring four options — selling leftover portfolio companies to specialist secondary funds; seeking another one-year extension to their funds; exploring discussions with new investors or LPs; and returning shares in leftover companies to the LPs.

China, India vie for Dhaka Stock Exchange as regional rivalry intensifies

A Chinese consortium that included the Shenzhen and Shanghai stock exchanges had previously purchased 40% of the Pakistan Stock Exchange in 2016.

Brookfield, Macquarie among bidders for India’s highway project

The project covers national highways across the states of Andhra Pradesh and Gujarat that are expected to fetch around $1 billion.

India: HDFC Property Fund seeks to raise $500m from overseas investors

HDFC Property Fund plans to invest in commercial office projects and residential developments in top property markets from the $500-million fund.

FourKites raises $35m in August Capital-led round for Asia, South America expansion

Existing investors Bain Capital Ventures and Hyde Park Venture Partners also invested as part of the round.