Zomato loses CFO Maheshwary, acquires drone startup TechEagle


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.