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

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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.