FinTech

Sachin Bansal Gets CCI’s Green Channel Approval To Acquire Essel Mutual Fund

Sachin Bansal’s BAC Acquisitions (BACQ), on October 7, got the Competition Commission of India (CCI) nod to acquire Essel Mutual Funds. The application was filed by BACQ and Essel Finance Asset Management Company.

Source: INC42

 

Hospitality

OYO-SoftBank JV Acquires Japanese Apartment Rental Firm For USD 100 Mn

In another instance of OYO’s acquisition strategy for growth, the Gurugram-based hospitality decacorn with SoftBank Group has reportedly acquired a Japanese apartment rental company, MDI.

Source: INC42

 

Banking

YES Bank May Raise Funds From Microsoft To Bolster Digital Banking

YES Bank is in discussion with three top technology companies, including Microsoft, to raise fresh capital, according to a media report. The private lender plans to induct one of them as a strategic shareholder to get funding and augment its digital ambitions, said two people directly linked to the discussion, the report said.

Source: INC42

 

Hospitality

Oyo To Raise USD 1.5 Bn From Founder Ritesh Agarwal, Existing Investors

OYO Hotels & Homes will raise USD 1.5 billion (about INR 10,651 crore at current exchange rates) in a Series F funding round from existing investors and founder Ritesh Agarwal.

Source: VCCIRCLE

 

Chemicals

Centrum Marks First Close Of Debut Credit Fund, Bets On Chemicals Maker

Centrum Alternative Investment Managers Ltd, the alternative investment arm of Centrum Group, has marked the first close of its maiden fund at INR 155 crore (approximately USD 21.82 million at current exchange rates), the company said in a statement on Monday. Mumbai-based Centrum said it is looking to raise INR 500 crore for the Centrum Credit Opportunities Fund, along with a greenshoe option to raise another INR 250 crore.

Source: VCCIRCLE

 

HR Tech

Naukri Parent Info Edge Backs Saas-Based Payroll Management Startup Greytip

Greytip Software Pvt. Ltd, which provides cloud-based human resources and payroll management software to small and medium businesses, has raised INR 34.5 crore (USD 4.9 million) in its Series C round of funding from Info Edge (India) Ltd.

Source: VCCIRCLE