Sequoia-backed interior design startup HomeLane bags $3.5m from Brand Capital


HomeLane counts Accel Partners, Sequoia Capital, Baring PE, Aarin Capital, GrowthStory & RB Investments among its investors.

India Digest: HDFC backs HomeKraft; QuEST buys Engicom; What’s Up Life funding; Incofin, SIDBI exit Annapurna

HomeKraft will invest over $300 million for the development of affordable and mid-income housing across India.

India: Zomato invests $15m in Loyal Hospitality, shuts cloud kitchen operations

The infusion will help the company expand operations and outlets further in Bengaluru.

India: Oberoi Realty to tap QIP route to raise around $150m

Few real estate companies have tapped the public markets in the recent years to raise capital, though activity is likely to be higher this year.

France’s Teleperformance close to buying Blackstone-owned BPO Intelenet: Report

In 2015, Blackstone repurchased Intelenet from the Serco Group for about £250 million, following which the business was rebranded as Intelenet Global Services.

Hindusthan National Glass exits JV with Turkish firm, sells entire 11.23% stake

Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million

ICICI Bank to sell 2% stake in life insurance arm

The bank said the stake sale can happen through any manner, including offer for sale through the stock exchange mechanism.

Government said to be open to listing Air India after failed disinvestment

While the government is said to be considering several proposals related to reviving the Air India disinvestment process, it will not allow complete foreign ownership of the airline,

Truecaller buys Indian mobile payments startup Chillr

This is Truecaller’s first ever acquisition in the India market. Both companies are backed by common investor Sequoia Capital.

Danish brewer Carlsberg plans IPO for Indian business

The Danish brewer is interviewing potential arrangers for the share sale over the next few weeks.