By Ishita Russell
SIDBI Venture Capital also participated in Zappfresh’s latest funding round.
Sequoia, which has invested in Zomato, OYO Rooms, Mobikwik, Bira, and Grofers, raised $920 million for its fifth fund.
Jointly the funds can invest or develop office assets worth over $1 billion in value.
Novascotia’s 64 employees will be absorbed by OYO in different roles.
Orchid Pharma is facing financial claims of Rs 3,500 crore.
French energy firm Engie SA, one of the largest foreign investors in India’s solar space, is reportedly planning to sell a stake in its Solairedirect unit.
Alleging lack of transparency in the bidding process, UltraTech has challenged the sale to Dalmia Bharat at the National Company Law Tribunal (NCLT).
The proposed IPO will be a mix of primary and secondary share sale, with both Kedaara and Partners Group expected to sell part of their stakes.
The acquisition was the first made by the JV, which plans to invest up to $3 billion in ports, logistics and related sectors.
If completed, the deal may push the valuation of the homegrown startup to about $20 billion, up from about $12 billion last year.