Chargebee co-founder Krish

India: Chargebee raises $18.5m from Insight Venture, others


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.

India Digest: Karma Healthcare raises $500K; Micromax invests in ‘inOne’

Healthcare service startup Karma Healthcare says it has secured a $500,000 equity funding from 1Crowd.

India’s Bigbasket founders built a $950m empire using a trick or two from the dotcom era

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.

India: Godrej Fund Management to invest, develop office assets for $600m

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.

India: Warburg Pincus set to part exit IPO-bound Lemon Tree Hotels

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 to buy 80% in Pune mall for $47.5m, Goldman to exit

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. 

Malaysia’s IHH submits $843-873m bid for India’s Medanta, Temasek likely to follow suit

Temasek is also likely to submit a bid for a majority stake in a few weeks.

Startup funding in India may bounce back after two years of gloom

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.

India: Bandhan Bank’s $690m IPO subscribed 15 times on strong debut

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.

India: UltraTech to acquire 98% stake in Binani Cement

Ultratech Cement is competing with rival Dalmia Bharat Ltd, which has been chosen as the highest bidder, to bid for Binani Cement.