In the deals space, Noida-based One97 Communications’ online marketplace Paytm E-commerce raised $200 million in a fresh funding round led by Alibaba Group and SAIF Partners.

In another deal, ANI Technologies, which runs online cab-hailing service Ola, is set to receive $330 million in fresh round of funding led by Japan’s Softbank Group.

In the private equity space, Suryoday Small Finance Bank received $23.92 million from a clutch of investors, including TVS Capital, International Finance Corporation and IDFC Bank, while Chennai-based integrated facilities management services firm Updater Services raised $14.96 million from Motilal Oswal Private Equity Advisors.

In the startup space, Bengaluru-based Delightful Gourmet, which runs online meat selling platform Licious, raised $10 million in its Series B round of funding from Sistema Asia Fund and others while recruitment solutions provider received $10 million from Sequoia Capital India and Matrix Partners India.

In the M&A space, TVS Logistics acquired more than 60% stake in Uxbridge-based SPC International through its UK-based subsidiary TVS Rico Supply Chain Services.

In another deal, Cognizant Technology Solutions acquired Osaka-based IT firm Brilliant Service Co. Ltd. for an undisclosed amount.

In the M&A deals involving startups, Bengaluru-based Minions Ventures, which runs invoice discounting platform KredX, acquired US-based accounts receivable software startup Hummingbill Inc, while yet to be launched healthcare platform CureFit acquired premium online food delivery startup Kristys Kitchen.

Like this report? Sign up for our daily newsletter to get our top reports.

Leave Your Comment(s)