KKR in talks to invest in Emami; Temasek may inject fresh funds into Pine Labs
Global alternative assets giant KKR & Co. is in advanced negotiations to invest $280 Mn via structured finance in Kolkata-based Emami Group.
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Paytm Pledges All Assets To ICICI Bank To Borrow $196 Mn
One97 Communications-owned Paytm, has pledged all its current assets and mutual fund investments to ICICI Bank Ltd in order to borrow $196 Mn for its working capital needs. Read More
Startup News Snippets
M&A News
Editor’s Weekly Pick
We should know what we know, and know what we don’t know. Our greatest fallacies lie in us not knowing what we don’t know. A young entrepreneur shared this wonderful video about the Dunning-Kruger effect, which is as applicable to startups as it is to established leaders.
–Abhishek
WBEC at Indore
This week TiE’s Madhya Pradesh chapter successfully co-organized a major event – World Business ‘nEconomy Congress, which brought many dignitaries, including Capt Gopinath, Ashwani Lohani, Aishwarya Rai, Madhavan Nair and 20 more entrepreneurs, academicians, celebrities and leaders from across India.
Market Pulse
- Global alternative asset company TPG announced the final close of its Asian focused PE fund, TPG Capital Asia VII fund, after raising $4.6 Bn in commitments.
- Indian startups are currently making a successful entry into the European market through Estonia. Mukesh Ambani had also participated in the programme and has set up a research centre for Jio in the country.
- The MSInS organized the Maharashtra Startup Week to support the startup ecosystem in the state and gives a platform for budding entrepreneurs to grow by showcasing their innovative solutions to the Government of Maharashtra.
- PhonePe is speculated to raise fresh funds from PE firms KKR & Co, General Atlantic LLC, Tiger Global, and Tencent.
- Ola to raise funding from Mirae Asset-Naver Asia Growth Investment, which was jointly launched by Korea-based Mirae Financial Group and internet company Naver, with the investment in ongoing Series J funding where it is expected to raise $1 Bn.
- Bengaluru-headquartered food processing company Britannia is now looking to set up a separate entity and team over the next 6 months to invest in Indian startups across categories and platforms.