Zomato loses CFO Maheshwary, acquires drone startup TechEagle

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Maheshwary had joined Zomato from GE South Asia in May this year, filling the place left vacant by Umesh Hora, who left in late 2015.

Singapore-based real estate developer Assetz to float $250m fund for India

The proposed fund will be used to buy land parcels to develop residential projects across India.


Sequoia-backed Cardekho parent in talks to raise $100m for latest round: Report

Girnarsoft has so far raised $90 million from Google Capital, Sequoia Capital, Hillhouse Capital, Tybourne Capital etc.


Tiger Global leads $6.4m funding round in Accel-backed Facilio

The round was co-led by existing investor Accel, that had invested around $1.5 million in the startup in March this year.


Ascendas-Firstspace venture buys warehousing assets in Chennai for $120m

Besides Chennai, the joint venture is looking at Mumbai, NCR, Pune, Bengaluru and Ahmedabad, and aims to develop a portfolio of 15 million sq. ft.


India Digest: PFC may buy REC; Kesoram spins off tyre biz; HCL Tech-Barclays deal

HCL Technologies has agreed to bring Barclays’ employees in Lithuania under its fold.


Indian market regulator Sebi panel bats for overseas listing of firms

It also set a minimum capital threshold for listing overseas, besides recommending 10 overseas jurisdictions, with strong anti-money laundering policies.


Axis Capital CEO Dharmesh Mehta resigns, firm names new co-CEOs

The bank has elevated Salil Pitale and Chirag Negandhi as joint MDs and co-CEOs with immediate effect.


India: MoEngage raises $9m Series B funding led by Matrix Partners, Ventureast

Existing investors Helion Venture Partners and Exfinity Venture Partners also participated in the funding round.


India: Lighthouse invests $35.5m for minority stake in footwear maker Aqualite

Aqualite will use the funds for marketing, capacity expansion and growth plans, said a statement.