By George Smith Alexander
Consumer acquisitions in India have more than doubled this year to $7.7 billion, up from $3.4 billion during the same period in 2017
BigBasket had earlier launched a pilot e with Kwik24 to deploy smart vending machines in five apartment buildings in Bengaluru.
Developers in India are increasingly relying on non-banking financial companies (NBFCs) and private equity investors to fund their real estate projects.
In December 2017, Paytm acquired Nearbuy and Little, two platforms that focus on local restaurants and commercial establishments. Paytm later merged both entities and made an undisclosed investment into the resultant entity.
True North plans to acquire a large minority stake in the Sesa Hair Oil brand which will be held under a new entity.
Thuasne, with manufacturing units across 11 countries, including in the US, had initially invested in Tynor in 2010, picking up a minority stake.
This is the largest primary capital infusion in AU Bank and its first ever since their last raise in fiscal 2012.
Cashify has brought in China’s AiHuiShou as a strategic investor.
PM Modi plans to raise about $12 billion in the current year from asset sales.
It will use the money to boost its capital buffers and support its growth plans for several years.