<article><p>Capital First is acquiring stake in DigiKredit for $1.7 million, while Kansai Nerolac is picking up majority stake in Bangladesh&#8217;s RAK Paints. Also, online products rental marketplace RentSher and education technology platform Chrysalis have raised funds.</p></article>

<p>Capital First is acquiring stake in DigiKredit for $1.7 million, while Kansai Nerolac is picking up majority stake in Bangladesh&#8217;s RAK Paints. Also, online products rental marketplace RentSher and education technology platform Chrysalis have raised funds.</p>
<h3>Capital First to acquire 14% stake in DigiKredit</h3>
<p><strong><a href="http://dealstreetasia.com/tag/gic" target="_blank" rel="noopener">GIC</a></strong> and <strong><a href="http://dealstreetasia.com/tag/warburg" target="_blank" rel="noopener">Warburg Pincus</a></strong>-backed non-banking financial company <strong><a href="http://dealstreetasia.com/tag/capital-first" target="_blank" rel="noopener">Capital First Ltd</a></strong>  is acquiring a 14.24 per cent stake in digital lending platform SMEcorner, operated by DigiKredit Finance Pvt. Ltd, for Rs 12 crore ($1.7 million). According to a stock exchange filing, the deal, which is aimed at partnering with DigiKredit for loan origination, is expected to be completed within the next 15 days.</p>
<h3>Kansai Nerolac to pick up majority stake in Bangladesh&#8217;s RAK Paints</h3>
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<p style="text-align: left;"><strong><a href="http://dealstreetasia.com/tag/kansai-nerolac" target="_blank" rel="noopener">Kansai Nerolac Paints Ltd</a></strong> is picking up majority stake of 55 per cent in RAK Paints Ltd for Rs 45.81 crore ($6.7 million), marking its foray into the Bangladesh market. According to a filing to the stock exchanges, Kansai Nerolac intends to establish a competitive paint manufacturing business in Bangladesh. With many two-wheeler companies exploring setting up plant in Bangladesh, even auto and ARF market will also become significant which Kansai Nerolac would like to explore, it said.</p>
<h3>RentSher raises $1m led by Middle East-based VCs</h3>
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<p>Online products rental marketplace RentSher has raised $1.1 million in a round led by venture capital funds of Abu Dhabi-based Shorooq Investments and Dubai-based Latitude Consultants. The round also saw participation from angel investors through the LetsVenture platform. The Bengaluru-based startup plans to use this latest funding towards product development and to expand into newer in India and in the Middle East by year end.</p>
<h3>Chrysalis raises funds from Menterra Venture, The Artha Initiative</h3>
<p>Chennai-based educational reform organisation <strong><a href="http://dealstreetasia.com/tag/chrysalis" target="_blank" rel="noopener">Chrysalis</a></strong>, operated by EZ Vidya Pvt. Ltd, has raised funding of an undisclosed amount from <strong><a href="http://dealstreetasia.com/tag/menterra" target="_blank" rel="noopener">Menterra Venture Advisors</a></strong>,  and The Artha Initiative. The company plans to use the money for research and development. In January, the company had raised pre-series A funding from Gray Matters Capital.</p>
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<p><strong>Also Read:</strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/beato-indigolearn-nerolac-marpol-95643/" target="_blank" rel="noopener">Kansai Nerolac acquires Marpol for $5.5m</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><span style="color: #ff0000;"><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-dealbook-199-91458/" target="_blank" rel="noopener">Gray Matters Capital backs Chrysalis</a></span><br />
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Capital First is acquiring stake in DigiKredit for $1.7 million, while Kansai Nerolac is picking up majority stake in Bangladesh's RAK Paints. Also, online products rental marketplace RentSher and education technology platform Chrysalis have raised funds.

India Dealbook: Capital First, Kansai Nerolac in M&A; RentSher, Chrysalis fundraise

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India Dealbook: Capital First, Kansai Nerolac in M&A; RentSher, Chrysalis fundraise

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