India Dealbook: Skechers, ShopX, TeamLease, Lohia Group announce acquisitions

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 Skechers India subsidiary will continue operating in its existing structure from its current headquarters in Mumbai.

Saudi Arabia mulls investment in Indian infrastructure fund NIIF

Abu Dhabi’s sovereign wealth fund was the first institutional investor in NIIF’s Master Fund in 2017 with a commitment of $1 billion.


TPG Capital, Manipal in exclusive talks to acquire Medanta

TPG Capital and Manipal Group are currently said to be conducting due diligence on hospital operator Medanta.


Indian fintech startup Open raises $5m in Series A funding

The round was led by BeeNext Ventures, Europe-based venture capital fund Speedinvest and 3one4 Capital.


Energizer, Duracell said to eye stake in Eveready India

Private equity firms Blackstone and KKR & Co Inc, and Indian fund Kedaara are also expected to put in bids, according to a news report.


Sequoia India leads $8m funding in online investment platform Smallcase

Existing investors including Blume Ventures, Straddle Capital, Beenext Pte Ltd, WEH Ventures and DSP Adiko also participated in the round.


India: Swiggy forays into home delivery of essentials

The new service called ‘Swiggy Stores’, which will be accessible on its mobile app.


India Dealbook: Tiger Global backs Fyle; Svasti Microfinance raises $4.7m

Tiger Global has led a $4.2-million funding round in Bengaluru-based expense management startup Fyle Technologies.


India Digest: PNB Housing, Essar Steel, Hotel Leelaventure, ReNew Power in M&A news

Existing investor General Atlantic is likely to pick up 12% more stake in PNB Housing, while Varde is expected to acquire 10% stake.


KKR’s NBFC arm invests $100m in Embassy Group’s Bengaluru project

KKR’s NBFC arm, KIAFL, has been active in India since 2015 and has invested more than $1.5 billion in the country’s realty sector.