There were 211 exit deals in 2017 totalling $15.7 billion.
If the deal goes through, it will mark SoftBank’s first independent investment in the content space.
Even if only 1% of Paytm’s over 300 million customers use the new credit card, that will add huge number to Citi's existing customer base.
Surge 02 will offer a flexible investment amount of $1-2 million as against $1.5 million in Surge 01.
DocsApp will use the funds to expand its operations across India.
While existing backers Sequoia, Kingsway FCI Fund, and KCK Global are likely to put in $45-50 million, new investors may pour in balance $25-30 millio
A91 is focused on making mid-stage investments, in Series B and C deals in $10-30 million range.
The plan to sell its Ashoka Concessions stake is part of Macquarie’s efforts to exit investments from its previous India fund.
Till now, NABARD was investing in other VC funds as a limited partner.
The investment has been made through KA Enterprises Llp, Padukone’s strategic initiative arm.
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