Temasek-backed Pine Labs eyes unicorn tag with new funding round


Pine Labs is in advanced talks to close a funding round of around $75 million from existing investors including Temasek and PayPal.

India: KKR in talks to invest up to $280m in Emami via structured credit

Emami is looking to to repay some of its high-cost debt and raise funds for working capital requirements through the deal.

Cash-starved Indian real estate sector to get boost from PE investors

PE firms are now swooping in to buy assets at attractive valuations, as regulatory changes and a more dovish monetary policy outlook bode well for the sector.

Paytm parent pledges all assets with ICICI to up borrowing limit to $196m

The higher borrowing limit helps Paytm secure capital for everyday operations amid tight liquidity conditions in the market.

India’s Jet Airways approves rescue deal to plug $1.2b funding gap

The airline’s board approved a rescue deal by the lenders, led by State Bank of India, which includes an equity infusion, debt restructuring and the sale or sale and lease back of aircraft.

Morgan Stanley arm buys majority stake in Pune’s KSH Infra for $49m

KSH Infra, which operates two warehousing and industrial logistics parks, had been looking to raise funds to expand its warehousing business.

Zephyr Peacock India leads $7.7m funding round for Shiksha Finance

Shiksha provides student loans to parents of school-going children, and school loans to educational institutions.

NestAway in talks with Fosun, other Chinese investors for funding

Shunwei Capital, the venture capital firm founded by Xiaomi founder Lei Jun and Tuck Lye Koh, has also shown interest in backing NestAway’s latest funding round.

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.

Convenience store chain 7-Eleven in talks with Future Group for India foray

If the talks go through, 7-Eleven could be competing with home-grown convenience store chains such as Twenty Four Seven, and In & Out.