India Dealbook: Foodtech startup SmartQ, comms platform Stumagz, traveltech firm Tripeur raise funds


SmartQ’s existing investor venture capital firm YourNest also participated in the round.

India’s power lenders’ shares are cheap and for good reason

The government-ordered restraint on lending to loss-making power distributors has marred the outlook for the state financiers.

India Digest: Alok, ABG Shipyard attract solo bids; IHH plans open offer for Fortis

JM Financial Asset Reconstruction Company has emerged as the sole bidder for bankrupt textile company Alok Industries, while London-based Liberty House remains the only bidder for bankrupt ABG Shipyard even after the second round of bidding. In another development, Malaysia’s IHH Healthcare Bhd is set to launch a voluntary open offer to… Read more »

India Digest: Flipkart, Allied Blenders, Bharti Telemedia in talks to sell stake

US retail major Walmart Stores Inc is in discussions to acquire a majority stake in domestic e-commerce giant Flipkart.

WhatsApp dips toes into India’s digital payments market

At stake is an Indian digital payments market that Credit Suisse Group AG estimates could be worth $1 trillion within five years.

Secondary funds raise pace of startup investments in India

TR Capital and NewQuest have started buying shares in individual startups after discussions to purchase VC portfolios didn’t fructify.

Torrent Pharma may raise $231m to support bid for Sanofi’s generics business

Torrent Pharma is readying a €2 billion (Rs16,000 crore) binding bid for Sanofi’s unit Zentiva NV.

India: Blackstone’s takeover bid for Urban Infra Opportunities Fund collapses

A deal would have given Blackstone, India’s top commercial property owner, a huge leg-up in residential properties in the country.

India: IT major Cognizant acquires US-based Bolder Healthcare Solutions

The deal is likely to be closed in the second quarter of 2018.

India Dealbook: HealthAssure, Doubtnut raise funds; Page acqui-hires Aetlo Tech

HealthAssure plans to use the funds to develop new primary healthcare products, and digitisation and distribution initiatives.