Early backer of Paytm & MakeMyTrip raises $350 m for investment in education, healthcare & consumer brands
The Bengaluru company has raised nearly $400 mn since November last year as it seeks to fortify its position as the first mover in the Indian taxi aggregation market.
At Rs 4,000-cr valuation, WestBridge will get a 22.5% stake in what could be the largest investment in a privately held FMCG player in India.
BigBasket is seeking a pre-money valuation of at least $550 million. The company was valued at about $450 million when it raised capital in March, 2016.
Gati, Peepul Capital and TVS Logistics are looking to acquire beleaguered ecomm co Snapdeal's logistics arm, which may provide a much-needed capital relief to its cash-starved owner
FreeCharge was acquired by Jasper in 2015 in a deal estimated at $400-450 mn in what was then the largest acquisition in the Indian startup landscape.
Wellington Management is one of the two new investors that ETechAces Marketing and Consulting is in talks with for raising fresh funds.
The Bengaluru-based company, which is valued at over $1 billion, has been acquiring smaller startups since late 2015 in deals that have been mostly stock-based.
This is the second query, in as many months, from the investment firm asking how the rights of minority shareholders will be protected.
Investors are increasingly becoming more involved in steering the fortunes of domestic Internet companies after pouring in millions of dollars into them in 2014 and 2015.
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