India Digest: Blackstone front runner to buy Mphasis; Ola to invest $30m in fleet; Elitify eyes $2m

India Digest: Blackstone front runner to buy Mphasis; Ola to invest $30m in fleet; Elitify eyes $2m

Global private equity major Blackstone has come out as the front runner to acquire Indian tech company Mphasis from Hewlett Packard, beating Apollo Global Management and Tech Mahindra, who opted out. in separate developments, taxi aggregator Ola plans to invest $30 million to expand its CNG cars fleet in Delhi-NCR, while fashion portal Elitify is in talks to raise $2 million funding.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter