Rachel Chitra
Stories by Rachel Chitra
Indian software firm eNTrust buys PH-based Eximius BPO
eNTrust is a fully-owned entity of NTrust Infotech USA.
PE investors see delayed exit as PropertyGuru struggles on the bourse
PropertyGuru's market cap has halved since its NYSE listing in March.
Indian fintech lending platform KreditBee raises $80m in Series D funding
MUFG Bank joined the round alongside existing investors.
Axiata, Telenor complete merger of Celcom and Digi
Axiata and Telenor will both hold equal ownership in Celcom Digi at 33.1% each.
Indian healthtech startup Fibroheal Woundcare bags state govt funding
The firm raised its first round from KITVEN in Sept 2021.
SG’s Temasek says it conducted multiple rounds of due diligence over 8 months before investing in FTX
The state-owned firm also said it reviewed FTX’s audited financial statement, which showed it to be profitable.
IFC proposes equity investment of up to $5m in Evermos
Existing investor IFC backed the Series B funding round for Evermos in 2021.
People Digest: WhatsApp appoints GoPlay ex-boss as Indonesia head; PayMongo CEO to step down
This is the first time WhatsApp has appointed a person to head the Indonesia market.
Revenue-based financing picks up in India as equity funding dries up
Easier access to credit, and non-dilution of stake and control while raising debt make it attractive.
Indian coffee startup Beanly raises seed funding from angel investors
Among the angel investors is Anurag Batra, the owner of media firm BW Businessworld.
