India Digest: VilCart raises $18m Series A; Apax Partners to exit Shriram Finance

In funding news, VilCart, a rural-economy-focused technology startup headquartered in Bengaluru, has raised as much as $18 million in its Series A round. Meanwhile, in terms of exits, UK-based PE firm Apax Partners LLP is understood to be in the process of selling its entire 4.63% holding in Shriram Finance in a block deal.