VP Weekly | 14 Apr ’19
PayU acquires Accel-backed digital payments firm Wibmo for $70 mn
Online payment company PayU, a subsidiary of South African media and e-commerce group Naspers, has acquired digital payments firm Wibmo Inc. for $70 Mn.
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IFC plans to arrange $103 mn loans for Visakha Container Terminal
International Finance Corporation (IFC), the World Bank’s private-sector investment arm, plans to arrange a loan worth $103 million (Rs 710.7 crore at current exchange rate) for Visakha Container Terminal Pvt. Ltd. Read More
Startup News Snippets
M&A News
Editor’s Weekly Pics
Every modern business leader talks data, but all the software, data and the Internet ultimately resides in massive data centers. Data localization laws are likely to trigger massive demand of data centers in India. What would they look like?.. here’s an insider’s view into one of world’s largest data centers at Google USA.
–Abhishek
Market Pulse
- Sachin Bansal is looking to acquire as much as 75% stake in Bengaluru-based Chaitanya Rural Intermediation Development Services which runs a microfinance institution, Chaitanya India Fin Credit worth $29 Mn
- Naspers-owned fintech company PayU acquired Bengaluru and Cupertino-based Wibmo specialised in processing online payments worth $70 Mn
- Premium organic wellness startup for women, Azah, raised seed funding of $200K in the seed-round funding from a group of angel investors
- The leAD Sports Accelerator launched its third cohort to search for the most promising sports tech startups
- Mumbai-based fintech lending startup Eduvanz Financing raised $2 Mn (about INR 13 Cr) from Unitus Ventures and the Michael and Susan Dell Foundation
- Bhopal-based startup Thekabadiwala raised $433K of equity funding from early-stage investors
- Info Edge India invested around $1 Mn in ShoeKonnect, a B2B marketplace for the footwear industry. Post this deal, Naukri.com will hold 30% in ShoeKonnect and is now valued at $11.5 Mn
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