India Dealbook: Foodtech startup SmartQ, comms platform Stumagz, traveltech firm Tripeur raise funds
By Ishita Russell
SmartQ’s existing investor venture capital firm YourNest also participated in the round.
The government-ordered restraint on lending to loss-making power distributors has marred the outlook for the state financiers.
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 »
US retail major Walmart Stores Inc is in discussions to acquire a majority stake in domestic e-commerce giant Flipkart.
At stake is an Indian digital payments market that Credit Suisse Group AG estimates could be worth $1 trillion within five years.
TR Capital and NewQuest have started buying shares in individual startups after discussions to purchase VC portfolios didn’t fructify.
Torrent Pharma is readying a €2 billion (Rs16,000 crore) binding bid for Sanofi’s unit Zentiva NV.
A deal would have given Blackstone, India’s top commercial property owner, a huge leg-up in residential properties in the country.
The deal is likely to be closed in the second quarter of 2018.
HealthAssure plans to use the funds to develop new primary healthcare products, and digitisation and distribution initiatives.