India: Small-town startups catch fancy of venture capital firms


Orios has launched an initiative called FindingMisfits to help entrepreneurs based in smaller cities and towns expand their ventures.

KKR mulls buying out road assets of Indian shadow lender IL&FS

For its India infrastructure business, KKR has hired Hardik Shah from investment management firm Brookfield Asset Management, where he was responsible for sourcing and executing infrastructure deals.

Former Ostro Energy executives seek $100m for renewable energy platform

India has emerged as one of the most favourable destinations for renewable energy with investments of about $42 billion. Over the next four years, the green energy sector has a business potential of $70-80 billion.

India: Food ordering platform Zomato raises $210m from Alipay

The development comes almost eight months after Zomato raised $200m in a funding round led by Ant Financial.

Mega rounds in September quarter cause spurt in VC funding in India

VC funding in the third quarter of 2018 doubled to over $2.5 billion compared to the previous quarter, driven by hotel booking start-up Oyo’s $1 billion funding.

Poultry firm Srinivasa Farms plans family office to invest in startups

After delisting in 2015, Srinivasa Hatcheries transferred its poultry business to Srinivasa Farms and holds assets such as old farms whose value is increasing.

KKR seeks to buy assets from stressed Indian NBFCs

KKR’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.

Paytm eyes Alibaba-owned browser UCWeb’s India operations – Report

The deal could be valued around $400-500 million.

India Dealbook: OnMobile arm buys Appland; ALFA Transformers, GoZefo, BookMyBai raise funds

The value of the OnMobile Europe’s acquisition of Appland will not exceed $15 million.

US-based Concept Medical raises $60m to boost India, global operations

A portion of the funds will be used to bolster manufacturing operations in existing and new markets to meet global demand.