India Dealbook: Fric Bergen, ShopKirana raise funds; Sonata buys Scalable Data Systems


Info Edge India is acquiring a 15.5 per cent stake in Shop Kirana E Trading Private Ltd for Rs 13.40 crore. 

Japan’s Sansan bags $26.4m from T. Rowe, DCM Ventures to boost India growth

Sansan raised $26.43 million in Series E funding from Japan Post Capital, T. Rowe Price, SBI Investment and DCM Ventures.

AION Capital to acquire InterGlobe Tech for $230m: Report

InterGlobe Tech is the IT & back office arm of travel major InterGlobe Enterprises, also the parent of IndiGo Airlines.

India: Food delivery startups Zomato, Swiggy show appetite for more acquisitions

While Zomato has announced purchase of drone startup TechEagle, Swiggy is in early talks with several companies for possible acquisitions.

India: Mindree’s largest investor looks to sell stake, KKR shows interest

Siddhartha and Coffee Day Enterprises Ltd and Coffee Day Trading Ltd hold around 21% stake in Mindtree, along with another 26% through other entities.

Former BofAML executive Ambrish Singh joins Lone Star Funds to head India ops

Singh’s appointment as Lone Star India MD comes at a time when the PE firm is planning to commit at least $1 billion in India.

Uber plans smaller, more cautious self-driving car launch

Uber plans to begin driving “a handful” of cars on a mile loop between two company offices in Pittsburgh, where Uber first debuted its autonomous vehicles in 2016.

Etihad in rescue talks with bankers for India’s Jet Airways

Abu Dhabi-based Etihad is also considering raising its stake above the 24 percent it has held since 2013.

Equirus Capital eyes niche M&As, plans to enter debt capital market

Equirus is actively looking to acquire niche or boutique banks to gain sector-specific expertise.

ChrysCapital acquires majority stake in US healthcare firm GeBBS

While financial terms were not disclosed, a The Times of India report has pegged it at $140 million.