India Digest: Kinetic arm eyes PE funding; TPG top bidder for Ess Kay; LetsVenture registers as AIF


Two-wheeler major Kinetic Group’s multi-brand superbikes venture Motoroyale is looking to raise up to Rs 100 crore from private equity funds.

Macquarie, Italy’s Atlantia, Brookfield look to bid for India’s toll road assets

The three companies are in the process of conducting due diligence on the assets, which have been put up for auction by the National Highways Authority of India

JLL India names Chirag Agrawal as head of investment banking unit

Agrawal will be based out of Mumbai and will be responsible for the firm’s central capital markets businesses.

India Dealbook: Chiratae, Alkemi back Elawoman; Sattvaponics, Betterhalf raise funding

Elawoman, a data-driven fertility platform, has raised $3 million in a Series A funding round co-led by Chiratae Ventures (formerly IDG Ventures India) and Alkemi Venture Partners.

India: Fintech firm MobiKwik forays into wealth management, acquires Clearfunds

Mobikwik plans to invest $15 million in the next one year to scale up its wealth management business

Advent acquires Manjushree Technopack, Kedaara fully exits

Advent has acquired all the shares held by Kedaara Capital, and a portion of the promoter Kedia family’s stake in Manjushree Technopack.

Chinese VC Fosun RZ Capital leads $12m round for India’s LetsTransport

This marks Fosun’s second investment in India’s logistics sector after it backed Gurgaon-based logistics major Delhivery in March last year.

Flipkart’s Sachin Bansal looks to invest $100m in Ola – Report

Bansal will primarily subscribe to new Ola shares and could buy a small stake through a secondary sale by existing investors.

PE-VC investments in India slump 23% to $6.6b in September quarter: EY Report

The decline in investments was primarily on account of fewer large deals valued greater than $100 million.

India: Co-working firm Innov8 raises $4m led by Credence Family Office

Innov8 operates 13 workplaces across the National Capital Region (NCR), Mumbai, Bengaluru and Chandigarh.