By Anirban Sen
With the latest round, Chargebee has so far raised nearly $25 million, making it one of the best-funded product start-ups in the country.
Healthcare service startup Karma Healthcare says it has secured a $500,000 equity funding from 1Crowd.
In India where groceries account for half of the almost $1-trillion retail market, Bigbasket is using knowledge learned the hard way during the dotcom era.
Godrej has raised the first tranches of a $450-million office development fund and a $150-million office investment fund. Jointly, the funds can invest in or develop office assets worth over $1 billion in value.
Warburg is selling a 12% stake in Lemon Tree through the IPO. At the upper end of the price band, it will garner about $81.2 million from the share sale.
Blackstone’s realty arm has committed around $4.1 billion across 27 investments in India, making it possibly the largest owner of commercial office assets.
Temasek is also likely to submit a bid for a majority stake in a few weeks.
The trigger for an improvement in startup funding could be the proposed multi-billion-dollar deal between Walmart and Flipkart. If the deal goes through, many influential startup investors including Tiger Global, Accel Partners and Naspers will see massive gains on their investments.
Bandhan’s IPO is the biggest for the Indian market so far this year, after a record $11 billion in fund-raising from initial share sales in 2017.
Ultratech Cement is competing with rival Dalmia Bharat Ltd, which has been chosen as the highest bidder, to bid for Binani Cement.