By Mihir Dalal
Orios has launched an initiative called FindingMisfits to help entrepreneurs based in smaller cities and towns expand their ventures.
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.
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.
The development comes almost eight months after Zomato raised $200m in a funding round led by Ant Financial.
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.
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’s two Indian credit units may spend as much as 20 billion rupees ($270 million) combined to purchase portfolios from local NBFCs.
The deal could be valued around $400-500 million.
The value of the OnMobile Europe’s acquisition of Appland will not exceed $15 million.
A portion of the funds will be used to bolster manufacturing operations in existing and new markets to meet global demand.