IRB, GMR seek regulator nod to set up India’s first infrastructure investment trust


InvITs are trusts which manage income generating infrastructure assets, typically offering investors regular yields and a liquid method of investing in infrastructure projects.

India: Zomato chief product officer Tanmay Saksena quits

Zomato Media Pvt. Ltd’s chief product officer Tanmay Saksena has abruptly left India’s largest food discovery and ordering platform, highlighting investor pressure on food delivery websites to improve their financial metrics. Saksena’s departure comes barely a year after he joined Zomato, one of India’s most valuable start-ups, having spent four… Read more »

India: Auto parts firms gear up for tech pacts, JVs and M&As to adapt to change

“Fundamentally technology itself is changing in the automotive industry—be it in safety, emission or powertrain. It’s a period of a lot of changes in the automotive industry, therefore, innovation is going to be the key.”

From entrepreneurship and startups to digital future and sharing economy: Nine dominant trends that will shape India’s future

India has produced billion-dollar start-ups such as Flipkart and Snapdeal. That would not have happened without the advances in technology. With the rise of the cab-hailing service modelled on Uber, it is now all about usage and the sharing economy.

India: Jet Airways scouts for senior execs as part of management structure overhaul

Indian aviation major Jet Airways is planning an overhaul of its management structure, including the appointment of a new CEO, says a report in The Economic Times. The airline has seen a number of top-level exits after the entry of Etihad as a 24 per cent  investor in 2012. Among… Read more »

India: Is OYO Rooms is alienating customers due to misplaced priorities?

If the current generation of unicorns is struggling to attract investors, future aspirants such as OYO can ill afford to alienate customers such as Thelakkat on account of misplaced priorities and badly managed businesses.

India: Firstcry raises $26m led by Valiant Capital in Series D funding round

Brainbees Pvt Ltd, parent company of kids-focussed e-commerce portal, has raised a $26-million Series D funding led by San Fransico-based Valiant Capital Partners. Existing investors IDG Ventures India, Vertex and SAIF Partners, also participated in the round, according to a company statement. The latest round investment comes close on… Read more »

India:, initiate talks for merger

Online realty startups and are in talks for an all-stock merger, wherein existing investors of both companies will invest $15-20 million in the merged entity, a report in The Economic Times said quoting sources. “Once the two companies are integrated, the merged entity will raise between $100 million… Read more »

Russia’s Sistema sets up $50m fund to invest in Indian startups

Russian conglomerate Sistema JSFC has floated a proprietary $50 million Asia Fund to invest in startups operating in the technology and consumer retail sectors in India. Vsevolod Rozanov, group chief financial officer, said that the size of the fund will be increased in the future after its startup financing business… Read more »

India: Luxury pet products brand Heads Up For Tails raises seed funding

Delhi-based luxury pet products brand Heads Up For Tails (HUFT) has raised about a million dollars in seed funding from individual investors. The startup was founded in 2008 by Rashi Sanon Narang, a graduate of the London School of Economics and Political Science. HUFT’s products range from customized dog beds and… Read more »