Rich Indian startup entrepreneurs turn investors in VC firms


For VC firms, particularly home-grown ones, any cash is welcome.

India: PayU to buy rival Citrus Pay for $130m

This is the fifth-largest deal ever in the Indian start-up business and is expected to give an attractive exit to Citrus Pay investors, Ascent Capital and Beenos and Sequoia Capital, in particular.

Singapore: Zilingo closes $8m Series A

Bangkok-based E-commerce company Zilingo has closed an $8 million Series A investment in a round led by Venturra Capital, Sequoia India and Susquehanna International Group. Other participating investors were Wavemaker Partners, Beenext, Beenos and Digital Garage.