Firms say it may take a full year, at the minimum, for things to go back to normal
The amended Finance Bill, which was approved by Parliament on Monday, with effect from April 1, an equalisation levy of 2% will be applicable on sales made by foreign ecommerce companies operating in Asia’s third-largest economy.
The Delhi government had last week asked hotels in Aero City, near the city’s international airport, to manage and accommodate incoming travellers who were asymptomatic of Covid-19 but required to be isolated as a precautionary measure.
Everstone Capital, the Singapore-headquartered India-focused mid-market private equity firm, owns 99.39% stake in Burger King India, through its investment vehicle QSR Asia Pte Ltd.
Entropik’s online emotion intelligence SaaS platform, Affect Lab2.0, undertakes EEG brainwave mapping, eye tracking and facial expression analysis to support end-to-end consumer research for brands.
Venture Highway, Global Founders Capital and angel syndicates, CloudCapital, Better Capital, 100x Entrepreneur Fund and Sequoia Scout have also participated.
India is fast emerging as an important market for social storytelling platform Wattpad, as the Canadian startup targets partnerships with streaming platforms and publishers to increase its presence in Asia’s third-largest economy.
Final round of discussions on with TPG, Advent, Lupa and ChrysCap to raise about $150-200 mn.
A potential deal may involve the complete exit of Cloudnine’s early backers Sequoia Capital and Matrix Partners, which together hold an estimated 33.5% stake, according to industry tracker Tracxn data. “The talks between the two parties are still evolving and may eventually not lead to a transaction,” a person briefed on the matter said.
The affordable housing finance company, which was founded in 2016 by former Citi executive Ashutosh Sharma, has now raised close to Rs 300 crore across multiple rounds of equity financing.
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