India Digest: Amazon, Flipkart eye stake in Hopscotch; Ola may back sRide


Hopscotch has reportedly appointed Barclays as the investment banker to raise around $60 million.

India: Goldman Sachs unit set to lead $60m funding in Dailyhunt

The startup’s latest fundraise comes at a time when rival Helo, owned by China’s ByteDance, is on a spending spree as it looks to tap India’s internet consumer market.

PE firm Actis drops plan to buy Essel Infra’s solar assets in India

Subhash Chandra-promoted Essel Infra has now initiated talks with ACME Solar Holdings Ltd to sell the same solar energy assets.

Adani, GMR bid for six Indian non-metro airports up for privatisation

Rating agency Crisil had said that it expects the development of these six airports to attract potential investments worth $1.4 billion.

South Korea’s Mirae Asset upbeat on the Indian venture space

The firm has so far invested in two home-grown startups—Shadowfax and Zolo Stays.

India Inc on buyback spree with firms lining up to pick $2.4b of their own stock

Infosys last month said it would buy 82.6 billion rupees of its own stock, accounting for about half of this year’s total deal value.

IFC proposes to extend up to $75m debt to India’s Manapurram Finance

The proposal relates to supporting MFL in extending finance to the most vulnerable sections of Kerala after the state witnessed one of its worst floods.

Carlyle-backed Delhivery said to acquire India ops of Dubai’s Aramex

Delhivery is reportedly set to join the coveted unicorn club as it seeks to raise $250-450 million from potential investors, including SoftBank Vision Fund.

Temasek-backed Pine Labs eyes unicorn tag with new funding round

Pine Labs is in advanced talks to close a funding round of around $75 million from existing investors including Temasek and PayPal.

India: KKR in talks to invest up to $280m in Emami via structured credit

Emami is looking to to repay some of its high-cost debt and raise funds for working capital requirements through the deal.