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.

More funds eyeing consumer space after seeing early investors’ success: Deepak Shahdadpuri, DSG

Early investors in consumer startups have secured good exits and returns, prompting several funds to enter the space they had traditionally ignored, says Shahdadpuri.

India: IDFC Bank announces merger with Capital First

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.

India Dealbook: Kuants, RealPro, Workflexi, ToneTag raise funds

Mobile payments solutions startup ToneTag has raised $1.3 million in funding from Tropical Star Ltd, according to a regulatory filing.

Indian VC firms struggled with exits in 2017 with SoftBank accounting for most raises

Biggest driver behind the jump in exits in India was SoftBank.

India: Startups hit with reality-check as VCs turn choosy with their money

More than half of all start-up funding in 2017 went to just three companies – Flipkart, Paytm and Ola.

GIC, KKR, others back $1.75b investment in India’s HDFC

The other investors include Ontario Municipal Employees Retirement System, Premji Invest and Carmignac.

India: Venture debt provider InnoVen disbursement up 25% in 2017 at $75m

Temasek-backed InnoVen added 22 new companies to its portfolio including Blackbuck, Pepperfry, NestAway, ShopClues and Mswipe.