VP Weekly | 1st Dec ’19
Paytm has raised $1 Bn led by US asset manager T Rowe Price
Digital payments major Paytm has raised $1 Bn from new and existing investors, including Japan’s SoftBank Group and China’s Ant Financial.
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Zomato may raise $550 Mn from Ant FinancialGurugram-based food tech unicorn Zomato may raise $550 Mn funding led by Chinese Alibaba Group affiliated Ant Financial.
Startup News Snippets
M&A News
Market Pulse
- Japan-based research firm Leave A Nest, along with Indian venture capitalist firm Arc Ventures, has planned to set up startup hub in India and will invest initially $7 Mn
- OYO parent company, Oravel Stays, has approved a $1.5 Bn primary capital infusion into the company by SoftBank Vision Fund and Ritesh Agarwal’s RA Hospitality
- Multinational consumer goods corporation Procter & Gamble (P&G) India has launched a $28 Mn Environmental Sustainability Fund
- The New York-based private equity firm Warburg Pincus will raise $1.5 Bn for its first India-focused fund. It expects to close the fund by the first half of 2020
- Bengaluru-based bike taxi services provider Rapido will raise $75 Mn funding from Chinese smartphone maker Xiaomi, along with several other existing investors such as China’s Shunwei Capital
- OYO Hotels and Homes has raised $7 Mn for MyPreferred Transformation, OYO’s joint venture with its largest investor SoftBank from Avendus Finance
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