By Ishita Russell
The Chennai-based company had earlier raised Rs 30 crore from early growth investors led by Fulcrum in 2015.
The offshore yuan bond market lost momentum over the past few years.
India Digest: Sanofi’s Europe biz sale; Pepe Jeans to sell India unit; PE firms vie for Can Fin Homes stake
Sanofi operates its generics business arm under Zentiva, a Czech firm it purchased in 2008.
ZAL posted turnover of $2.4 million in 2016, and $3.1 million in 2015 as per management accounts.
The investment closely follows Emerald Media’s $65m funding in Bangkok startup aCommerce
Mumbai-based VC firm Lightbox is looking to raise a new $100m fund in 2018.
Naspers invested an initial $80 million in Swiggy, the largest food delivery business in India, in May last year.
The acquisition also expands InMobi’s presence in the US, the world’s biggest market for advertising.
Moneytor helps financial institutions better manage collections from loan defaulters
Bank of Baroda holds 98.6% stake in the 96-year-old Nainital Bank, which had assets of about $1.2 billion as of March end