Hong Kong-based private equity firm Saif Partners plans to invest $100-150 million more in India in the next two years in sectors like technology, media financial services and telecom.
Digital firm One97 Communications, which operates under Paytm brand name, on Thursday said its IPO will open on November 8 for subscription in the price band of Rs 2,080-2,150 apiece, which implies that the firm's valuation stands at Rs 1.44 lakh crore-Rs 1.48 lakh crore. The initial public offer (IPO) subscription will close on November 10.
Digital payments firm Paytm is expected to seek shareholders' approval to raise up to Rs 16,600 crore through an initial share sale, giving it a valuation of over Rs 1.78 lakh crore, according to a source. The extraordinary general meeting of Paytm is scheduled for July 12 in which the company may seek approval to raise up to Rs 12,000 crore through issuance of fresh equity. Another Rs 4,600 crore is expected to be raised from the sale of equity shares by existing and eligible shareholders, according to the source.
Paytm will look to raise up to $1.5 billion as part of primary share sale, leading up to its initial public offering (IPO), which is planned for November, a person familiar with the developments said. The company is looking to file its draft red herring prospectus (DRHP) by July, according to sources. According to this person, though the details of the listing are being worked out, Paytm may take the qualified institutional buyer (QIB) route to list and issue fresh equity to raise funds.
The shareholders have approved raising of Rs 12,000 crore during the initial public offer and sale of secondary shares will take the total amount to Rs 16,600 crore. "Shareholders have approved all the proposals at the extraordinary general meeting. "The shareholders have approved the proposal to raise capital and the fresh issue of shares of up to Rs 12,000 crore during the IPO.
Paytm's Rs 18,300-crore IPO -- India's largest public issue to date -- was subscribed only 18 per cent on the first day of bidding on Monday.
All Chinese nationals on the board of digital payments firm Paytm have been replaced by US and Indian citizens, while there is no change in existing shareholding, according to a regulatory filing of the company. Alipay representative Jing Xiandong, Ant Financial's Guoming Cheng, and Alibaba representatives Michael Yuen Jen Yao (US citizen) and Ting Hong Kenny Ho have ceased to be directors of the company, as per the regulatory document. According to a source, Paytm now has no Chinese national on its board.
Digital payments and financial services firm Paytm has filed a draft red herring prospectus for its proposed Rs 16,600-crore initial public offering (IPO) with the Securities and Exchange Board of India.
@015 has been a good year so far in terms of importan private equity deals.
The largest deal of this year was Centerbridge Partners LP investing $1,157 million in Senvion SE for 100% stake from Suzlon Energy.
To create a community, the consumer can share the details of the offer with friends and family who want to buy the same goods.
PE investors' love affair with this food saw SAIF Partners last year investing Rs 40 crore (Rs 400 million) in TMA Hospitality Services, which owns Ammi's Biryani, a Bengaluru-based QSR chain.
Paytm, which recently hived off its e-commerce and payments bank businesses into separate companies, would use these fresh funds to bolster the two businesses
While a number of players invested more in Indian companies, another set exited the market, making profits after March. The companies that invested included Saif Partners, which made a $24 million investment in Network18, and Times Private Treaties, which acquired 12 per cent in Jiny & Jony (for an undisclosed sum), according to data with analysts and brokerage firms.
Home Shopping, it seems, is serious business not just on TV but across media.
Investments are pouring into online portals for add-ons.
The deal gives a valuation of over $4 billion to Paytm, which is already backed by Alibaba group as a strategic investor.
Paytm is banking on its offline network of merchants to fight bigger rivals Amazon and Flipkart
Tata Group's Chairman Emeritus Ratan Tata has invested in online furniture company Urban Ladder, making it his second personal investment in an e-commerce firm after Snapdeal.
A dip in 'dream job' applications could also mean that students are bagging their desired offers in the first go itself.
Ratan Tata has invested an undisclosed amount in startup research platform Tracxn.
Joginder Tuteja lists the most interesting ones, right here.
Founded in 2015, Meesho is one of the country's fastest growing social commerce platforms, and provides small and independent entrepreneurs with products and tools to start, maintain, and grow their businesses. Facebook's interest in the digital commerce follows Reliance Industries' entry into the hybrid e-commerce ecosystem.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
It aims to grow gross merchandise value to Rs 19,000-25,500 crore.
NRIs are increasingly buying properties in India online.
Flipkart on Wednesday said it has acquired mobile marketing start-up Appiterate.
FirstCry is omni-channel player with presence across desktop, mobile and offline routes offering baby and maternity products in India.
The removal of over 54,000 accounts was the largest such removal yet.
Paytm e-commerce plans to add close to a billion products from across the globe to its platform before the festive season this year.
Ratan Tata has made investments in his personal capacity in more than 15 start-ups over the last 20 months.
The 'angel tax' and notices to start-ups and angel investors from the income tax department was certainly a dampener. However, a bigger factor is the lack of exits.
In India, he has already made investments in both his personal capacity and through DST Global, his venture firm.
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
Joint venture to take on Amazon will be announced next week.
Alibaba will acquire 25 per cent stake in One97 Communications.
After a recent spate of big-bang funding of food discovery and delivery apps, experts believe the sector's consolidation might be over and the remaining players are here to stay and thrive.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
UrbanClap's business model is still a work in progress.
Rupert Murdoch-led News Corp has acquired 25 per cent stake in real estate portal PropTiger.com for $30 million.
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