SoftBank Vision Fund, Chetan Maini’s Sun Mobility in talks for $100m investment


Sun Mobility is a JV between Chetan Maini’s Virya Mobility 5.0 and Khemka family’s Sun Group

Amplus Capital targets to raise up to $40m third India realty fund

The new fund will see Amplus stepping away from its two earlier, equity-focused funds.

India: Save Solutions raises $6m from impact investor Incofin

Incofin has invested through its latest fund, AGRIF, which focuses on agricultural and financial services businesses.

India: Fintech startup Power2SME raises $36m more in Series E round

Existing investors Inventus, Accel, Kalaari and IFC along with Nandan Nilekani pumped in more capital

India Dealbook: Paytm to buy; Typset fundraise; iCubesWire fund

Paytm was recently in talks to buy deal discovery app Little and online deals startup Nearbuy.

India: Employment-tech startup Shortlist raises funds from University Ventures, others

Shortlist is a data-driven talent screening product that automates applicant vetting using online assessments.

India: IFC likely to invest $50m in Mahindra Lifespace’ industrial parks

The total project cost is estimated at $210 million, of which IFC will invest US$50 million in a combination of instruments.

Ford, Mahindra alliance reflects pressures on automakers

Ford and other global automakers are under pressure as policymakers demand shift to electric vehicles

Profitability not the highest priority today: Flipkart CEO Krishnamurthy

“Burn is not a metric that anybody worries about any more. And with the fund raise, burn is almost irrelevant.”

India: Blue Lotus Capital raises $15m fund targeting PIPE deals

Blue Lotus Capital was founded by S. Harikrishnan, former MD at SME-focused private equity fund Avigo Capital.