India Dealbook: Star Health gets $250m from Bain Capital, Ola raises $50m more


The fresh infusion of funds is a part of Ola’s ongoing round.

India: Wipro picks 26% stake in IT consulting firm Drivestream

India’s third largest software services firm Wipro is acquiring 26 per cent stake in IT consulting firm Drivestream for a consideration of nearly Rs 5.2 crore ($809,690), it announced on Tuesday. The deal will see Wipro acquiring 19,679 preferred stock and 27,865 common stock, equating to 26.1 per cent of… Read more »

India: Cognizant acquires US-based HCSC’s subsidiary TMG Health

IT firm Cognizant on Tuesday announced that it has entered into a definitive agreement to purchase Health Care Service Corporation’s (HCSC) subsidiary TMG Health. Financial details of the deal were, however, not disclosed. As part of the deal, TMG Health will enter into a new, expanded multi-year service agreement to… Read more »

India: Tejas Networks’ IPO to launch today

Plans to raise $120m through fresh share issue and offer for sale from existing investors.

Singapore-based clean energy firm Equis to sell India portfolio

The sell-off plan is part of Equis’ strategic review of Asia portfolio.

India: Sebi may ease listing norms for firms majority-owned by PE, VC funds

They can now list without majority shareholders being classified as promoters.

Samena Capital to merge India credit business with Catalyst

Catalyst was co-founded by ex Goldman Sachs and Asiabridge Capital employees

India: Amazon in preliminary talks to buy online grocer BigBasket

The discussions are at an early stage and may not lead to a sale.

India: CDSL IPO set for June 19, price band fixed

BSE is selling 27.2 million shares in the IPO.

India: Lighthouse Funds leads $6.8m series B funding in Wow! Momo

The company is now going national and might possibly even go overseas.