PAG, which manages assets amounting to well over $20 billion, is set to name Nikhil Srivastava from KKR as the head of private equity operations in India.
Online fantasy sports gaming has become a $1 billion market. It’s expected to reach new heights with the IPL and cricket World Cup this year.
Byju’s valuation has surged to over Rs 37,000 cr after a fresh funding of $25 mn from General Atlantic.
Another area seeing investor action is car & bike pooling, where Quick Ride is learned to have got around $15 million from Naspers.
Swiggy and Zomato, who have between them raised $2 billion since last year, are not showing any signs of slowing down this expansion.
3i Infotech, which counts SBI Mutual Fund and Bayer Crop Science as customers, has over 5,000 employees and over 1,200 customers.
The company has raised over Rs 35 crore from Sequoia Capital India and has been in talks to raise another Rs 200 crore led by Indonesia’s ride hailing giant Go-Jek.
The fresh capital will be largely used for expansion of the new businesses of the company, known as Razorpay 2.0.
The move comes after the Mukesh Ambani-led company said earlier that it plans to enter the e-commerce space.
Things had started falling apart for Snapdeal after June 2016 with the exit of Nikesh Arora.
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