By Salman S.H
Ofo will be the first international company to launch bike sharing in India.
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.
The group is expected to raise at least Rs1,000 crore via the IPO.
Early investors in consumer startups have secured good exits and returns, prompting several funds to enter the space they had traditionally ignored, says Shahdadpuri.
IDFC Bank and Capital First’s merger will create a combined entity with assets under management of Rs88,000 crore and distribution network of 194 branches.
Mobile payments solutions startup ToneTag has raised $1.3 million in funding from Tropical Star Ltd, according to a regulatory filing.
Biggest driver behind the jump in exits in India was SoftBank.
More than half of all start-up funding in 2017 went to just three companies – Flipkart, Paytm and Ola.
The other investors include Ontario Municipal Employees Retirement System, Premji Invest and Carmignac.
Temasek-backed InnoVen added 22 new companies to its portfolio including Blackbuck, Pepperfry, NestAway, ShopClues and Mswipe.