The round is said to value the online car marketplace at $700 million.
Malaysia extends tax incentives for VCs, angel investors to 2023
China Digest: Sequoia leads $16m round for Alfilo; ZhenFund backs SaaS firm USP
Vietnam’s Bamboo Airways eyes $1b market cap with listing next year
People digest: Taubman appoints new Asia president; MoFo adds HK partner
Netmarble eyes diversification with proposed Woongjin Coway deal
Sequoia Capital announces 20 startups for accelerator Surge’s 2nd batch
PE firm Navis Capital acquires Malaysian durian company Hernan
SoftBank urges portfolio companies to focus on profitability first, IPOs later
LGT Capital hits final close of fourth Asia-focused PE fund at $1b
Asia PE-VC Summit 2019: Grab’s Tan Hooi Ling on super app ambitions & IPO plans
Investcorp provided nearly 90% of funding in the latest round and would hold around 14% in Bewakoof.com, along with a seat on the board.
Policy & Regulations
The move could scupper the debt-ridden firm's sale to JSW Steel Ltd.
Payment gateways and payment aggregators may soon come under RBI's direct supervision.
The change in investment strategy of Vision Fund 2 is already being felt by portfolio firms in India.
The transaction is subject to the approval of the members of the company.
The program will focus on digital technologies like block chain, artificial intelligence, robotics, simulators and internet of things.
VC investment in India climbed substantially quarter over quarter, led by a number of $100 million funding rounds.
Once the merger consummates, BoB will hold a 50.1% stake in the resulting asset management company.
Reliance Securities enters into an agreement to buy broking and distribution business from Reliance Capital.
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