VP Weekly | 20th Oct ’19

Paytm may raise funds from SoftBank, Ant Financial at $16 Bn valuation
Noida-headquartered digital payments company Paytm in the increasingly competitive digital payments space, is looking to raise a fresh funding round of $2 from T Rowe, Alibaba and other existing investors.
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France’s Total to buy 37.4% stake in Adani Gas for $868 Mn

                                                          M&A News

Market Pulse

• Gurugram-based lending startup RupeeRedee has raised $6 Mn from its parent company Digital Finance International (DFI), a multinational private equity group
• Noida-headquartered social commerce platform Mall91 has raised $7.5 Mn Series A funding from Go-Ventures with participation from Beenext, Kalaari Capital, and AngelList India
• Bharat Inclusion Initiative announced the third cohort of its “Financial Inclusion Lab”. It invites entries from Indian startups that work in the areas of FinTech, skilling, and livelihoods
• Chennai-based cleantech startup WEGoT has raised $2 Mn seed funding from GoFrugal, Shyam Shekar from iThought, and Brigade Enterprises
• The ten startups are won in the IMC Grand Innovation Challenge which also includes  SenseGiz, SnapIoT, Nebula, BKC Aggregators, Learning Matters,  Marisoft Technology, and PlayAblo
• Delhi-based toxin-free personal care products startup, Super Smelly raised an undisclosed amount from Singapore-based Lyte Investment Bank and other angels