Ishita Russell
Senior Writer & Content Specialist, India Email: ishita@dealstreetasia.com
Stories by Ishita Russell
We expect to close sixth fund in 2-3 months, says True North’s Vishal Nevatia
Last year, the company had raised $600 million for the first close of its latest vehicle.
India Digest: Consul Neowatt, Prabhat Dairy, Vodafone Idea in M&A news
Vodafone Idea is pushing for an equal stake in the proposed fibre optic JV with Airtel.
India Digest: PharmEasy and Ascent Health plan merger; MT Educare mulls stake sale
Key investors of PharmEasy and Ascent Health are learnt to have given their in-principle approval for the merger.
Valuation of Paytm, e-commerce arm may swell to $20b after $2b round
Paytm itself is expected to be valued at $18-20 billion as it is raising a new round of $1-2 billion.
India: Samara Capital acquires cosmetics firm Nature’s Essence for $29m
Samara Capital has reportedly picked up a 65% stake in the Delhi-based company at an enterprise valuation of around Rs 300 crore.
India’s OYO Hotels acquires smaller Chinese rival Qianyu: Report
OYO has been betting big on the China market, earmarking $600 million for investments in September last year.
India Digest: Reliance Retail, Medica hospital chain, Super-Max in M&A news
Reliance Retail has acquired John Players, while PE firm Quadria is looking to sell the Medica hospital chain.
US pension fund commits $10m to Indian PE firm True North’s sixth fund
True North is looking to raise $900 million for its new fund, True North VI LLP.
Indian IT major Infosys to invest $10m in US-based VC fund
The VC fund, House Fund II, primarily targets startups launched by students, alumni and faculty of the University of California, Berkeley.
India: Sequoia-backed Finova raises $15m from Faering Capital, others
Existing investor Sequoia India also participated in the Series B funding round.