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Temasek, Warburg, others stand to make big gains as CarTrade rides India’s IPO wave
Warburg and JP Morgan will receive proceeds as high as 181% and 236% of their investment.
India: Fintech startup Zeni snags $34m funding led by Elevation Capital
Existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures also participated.
Stride Ventures announces 1st close of Stride Ventures India Fund II at $74m
Stride Ventures's investments include Infra.Market, Spinny, HomeLane, and SUGAR Cosmetics.
India competition watchdog approves PNB Housing’s stake sale to Carlyle, Salisbury
CCI’s clearance is only from the perspective of impact on market competition.
Indian customer engagement platform MoEngage raises $32.5m Series C1
The Series C1 financing was led by Multiples Alternate Asset Management.
Big broking firms expect Zomato’s shares to double from IPO price
JM Financial, Jefferies India expect stock to reach Rs170.
Indian supply chain startup 3SC raises $15m in Series B funding
The funding round was led by GEF Capital’s South Asia Fund.
CPPIB appoints Suyi Kim as global head of private equity
Kim will lead the PE department, which makes investments globally, both directly and with partners.
India: Tata Sons arm Panatone Finvest to pick controlling stake in Tejas Network
The domestic telecom gear maker sees a very large opportunity with the new cycle of investments in 5G and fiber-based broadband rollouts.
India: Full text of Deepinder Goyal’s letter to shareholders on Zomato’s listing day
Zomato Ltd made a strong stock market debut on Friday.