India Digest: ShareChat, Axis Bank in talks to raise PE funding

ShareChat, a regional language video and picture sharing platform headquartered in Bengaluru, has initiated talks to raise $200 million from SAIF Partners, Lightspeed Venture Partners, and Twitter. On the other hand, Mumbai-headquartered Axis Bank is in talks with a host of private equity firms to raise as much as $1.2 billion through an equity share sale.