Bike sharing startup Vogo in talks with Goldman Sachs for $50 million; Bounce gets commitment of $75 million
While Vogo is in talks to raise $50m from Goldman Sachs, rival Bounce is eyeing $75 million.
Ant Financial places $150 million on Zomato table at $3 billion valuation
Zomato was last valued at $2 billion when it picked up capital last...
Byju’s secures $200m from Tiger at $8 billion valuation
New York-based Tiger Global Management has invested $200 million in education app Byj...
Former PayU India MD Jitendra Gupta joins BharatPe board
This is the first board position undertaken by Gupta, since stepping down from PayU India earlier this month.
Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portal
Chinese co will hold 49% in Indian travel operator; Naspers to get 5.6% in Ctrip after share swap.
CCI approves Ctrip acquisition of 42.5% stake in MakeMytrip
The transaction values MMT at over $2.57 billion based on Ctrip share price early on Tuesday.
37-year-old former school teacher is India’s newest billionaire
Byju joined the rarefied club after his Think & Learn Pvt scored $150 mn in funding earlier this month.
PayU India brings more than half the overall business of parent company
Naspers’ payments business, which gets majority of its revenues from India, valued at $5.2 billion, as per a Citi report.
PayU India sees revenue nearly double to Rs 588 crore in FY18
Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch.
Swiggy in talks with South Korean funds to raise up to $500 million
The round is learnt to be led by Swiggy’s largest investor, South African internet giant Naspers. The exercise is expected to value the company at around $4 billion.
Naspers is said to eye fintech deals in $1 billion India push
Naspers is the largest shareholder has around $9 billion in cash after trimming its stake last year and selling Indian e-commerce startup Flipkart to Walmart.
PayU is in talks to invest $150 million in CapFloat
Fintech major looking for 25-30% in Capital Float in a deal that could value the latter at about $500 millon
Paytm logs 400 million transactions a month
Firm identified transportation, food delivery, gaming, travel and telecom as fast-growing categories.
Facebook may abort Libra launch in India
Social network has not filed application with RBI, which does not allow banking network to be used for cryptocurrency transactions'
PayU India hiving off lending business as a separate entity
New entity will house ‘buy now pay later’ product LazyPay.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service