India: IDFC Asset Management plans to launch $315m new AIF


Last year IDFC Asset had launched two major open-ended schemes—a balanced fund and a credit opportunities fund.

India: Tech-focused VC pi Ventures marks second close of maiden fund at $25m

In March 2017, the Bengaluru-based investment firm had reached the first close of its maiden fund at $13 million.

Indian logistics startup Rivigo raises $50m from Warburg, SAIF Partners: Report

The latest funding round comes more than a year after the start-up raised $75 million in Series C round led by Warburg.

India Digest: Resurgent front-runner in Jaypee Power bid; Brookfield, I Squared eye NHAI projects

Jaypee owns 2,200 MW of hydro and coal-fired power generation assets, with Rs 12,000 crore in loans following a debt restructuring.

India: GIC-backed Greenko eyes Essel Infraprojects’ power transmission biz for $1b

Greenko is planning to enter the transmission business amid low green energy tariffs in India.

Oaktree co-founder’s son buys stake in India’s ValueQuest Capital

Andrew Marks has picked up a significant minority stake in ValueQuest Capital that manages close to $200 million in its public markets fund.

Exclusive: 500 Startups broadens focus, eyes cos targeting the next billion customer base in India

An area of growing interest at 500 Startups in India has been blockchain and cryptocurrencies.

China’s Ofo to launch bike-sharing service in India through tie-up with Paytm

Ofo will be the first international company to launch bike sharing in India.

Ergo, Manulife in talks to acquire 26% stake in IndiaFirst Life Insurance

UK’s Legal & General Group Plc plans to sell its 26% stake in IndiaFirst and has hired investment bank Ambit Corporate Finance to find a buyer for it.

India: IFMR group looks to appoint investment banks for IPO

The group is expected to raise at least Rs1,000 crore via the IPO.