Paytm Money ropes in former CDSL exec Cyrus Khambata to its board


Khambata, considered an industry veteran in capital markets, has previously served as the managing director of CDSL Ventures and CDSL Insurance Depository.

Two senior executives at Myntra-Jabong resign

Myntra chief marketing officer and Jabong head Gunjan Soni is set to join Singapore-based online fashion company Zalora as its CEO.

Walmart trims 2018-19 profit outlook after Flipkart’s $16b acquisition

Walmart also predicted that its US e-commerce growth next year will be slower than the current financial year.

India: TravelTriangle raises $3m in debt financing from Temasek-backed InnoVen

Till date, TravelTriangle has raised $32 million across four investment rounds.

Tata Motors mulls alliance with Ola, Uber with new shared mobility platform

Tata Motors is the first auto maker in India to create a separate division exclusively for shared mobility.

India: Bhushan Power creditors are said to back JSW’s $2.7b takeover bid

JSW bid about 196 billion rupees ($2.7 billion), higher than rivals Tata Steel Ltd. and Liberty House Group.

Ola-backed Foodpanda India acquires food-tech startup Holachef

Holachef marks Ola’s second acquisition within a year, which bought Foodpanda from Germany’s Delivery Hero in December last year.

NIIF’s FoF invests $90m in HDFC’s affordable housing platform

one of NIIF’s shareholders, the Abu Dhabi Investment Authority (ADIA), was also part of the investment.

India Dealbook: LetsMD, Incut Digital, FarmersFZ & Sekura ink deals

The investment in LetsMD is a combination of a primary and secondary transaction, including Rs 4 crore of new equity funding.

IIFL Wealth Management acquires Chennai-based Wealth Advisors for $32m

The acquisition comes close on the heels of IIFL Wealth acquiring Bengaluru-based fintech company Altiore Advisors for Rs 9.2 crore.