India Digest: Visa nears BillDesk deal; Emami picks Loli stake; Neev fund to wind up

Photo: Reuters

Digital payments network Visa is in the final stages of negotiations to invest over $250 million in BillDesk while bike rental platform Metrobikes has secured $8.98 million (Rs 60.9 crore) in a fresh funding round led by Sequoia Capital and Accel Partners. In a separate development, Emami Ltd’s Dubai-based subsidiary, Emami International FZE, and one of the Emami promoters have together picked up an 8.87 per cent stake in US-based personal care start-up Loli Beauty Inc. Real estate fund Neev Asset Advisors LLP, founded by former Infosys executive T V Mohandas Pai and Manipal Group scion Ranjan Pai, could reportedly wind up operations as second-rung real estate developers struggle.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.