Thomas Cook India joins hands with hotel aggregator OYO Rooms to tap travel-cum-stay offering


Fairfax-controlled Thomas Cook‘s Indian arm has joined hands with budget hotel aggregator OYO Rooms to provide a budget stay experience to travellers, according to a stock market disclosure. This is first of its kind of tie-up which will benefit travellers to choose from OYO Rooms’ over 3,200 hotels spread across 140… Read more »

India: Apollo Tyres buys Germany’s Reifencom GmbH for $49m, to expand European biz

Apollo Tyres Ltd has acquired Reifencom GmbH, one of the largest tyre distributors in Germany, for €45.6 million (around Rs.324 crore), the company said in a statement on Monday. Reifencom has an online presence in six countries—Germany, France, Italy, Austria, Switzerland and Denmark. Additionally, it operates 37 stores and service… Read more »

India: HSBC, ICICI Securities, SBI Cap, 5 others bid for Coal India’s $3.2b stake sale mandate

Eight investment banks including HSBC and India‘s ICICI Securities and SBI Capital have submitted bids to manage a 10-percent stake divestment in state-owned Coal India, IFR reported, citing a person close to the deal. The stake sale, valued at about $3.2 billion at the current stock price, is part of… Read more »

India: Fitness chain Talwalkars strikes a deal hat-trick, buys 51% in Inshape Health

In its third deal in a row, Mumbai-based Talwalkars Better Value Fitness Ltd, one of the largest fitness chain, has signed an agreement to acquire 51 per cent stake in Chennai-based Inshape Health and Fitnez Private Ltd (IHPL), for an undisclosed amount, according to a company statement. This would be… Read more »

India: Competition Commission approves DLF’s JV with Singapore GIC for Delhi projects

DHDL Home Developers (DHDL), a wholly-owned subsidiary of realty major DLF Ltd, has received Competition Commission of India’s approval to form joint venture with Singapore’s sovereign wealth fund GIC to invest in two upcoming projects in Central Delhi. The two firms expressed their interest to form a joint venture in an earlier… Read more »

India: Budget hotel aggregator OYO Rooms to foray into food tech, on-demand housekeeping services

Budget hotel aggregator OYO Rooms is planning to venture into food technology business under brand OYO Cafe and also looking to provide housekeeping services, according to an Economic Times (ET) report. As part of this strategy, OYO Rooms will aggregate its listed hotels’ kitchen for the food tech platform. “Our partner hotels’ kitchens… Read more »

India Dealbook: CashKaro raises $4m from Kalaari Capital; Astarc Ventures invests in Absentia

Cashback and coupon website CashKaro has raised nearly $4 million in Series A funding from venture capital firm Kalaari Capital. In a separate deal, Absentia, which makes head gears that power virtual reality experiences, has secured Rs 1.2 crore in seed funding from venture capital firms Astarc Ventures and 50K Ventures…. Read more »

India: Blackstone part-exits real estate firm Synergy Property

The Blackstone Group through its arm Blackstone Real Estate Partners, has offloaded around 18 per cent stake in the Synergy Property Development Services, a Bangalore-based real estate project management consultancy, the Economic Times reported citing company’s top executive. It did not disclose the deal amount and the first tranche of the payment is done,… Read more »

State Bank of India-backed PE firm Oman India raising $300m for second fund

Private equity firm Oman India Joint Investment Fund (OIJIF) is in the process to raise $300 million (about Rs 1,980 crore) for its second fund, said a report in The Economic Times. Oman India, an equal joint venture between Oman’s sovereign wealth fund State General Reserve Fund (SGRF) and India’s… Read more »

Asia dwarfs Europe, second only to North America in Q2’15 startup funding

Financing and deal sizes ballooned in the second quarter of 2015, with funding to venture capital-backed companies poised to surpass last year’s high. This was revealed in a report by KPMG International and CB Insights. Over $60 billion has been invested so far this year, compared with $88.3 billion last year…. Read more »