New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...
U.K.'s Mubi Streaming Services Expands to India
In 2019, London-based Mubi will enter India's growing and competitive streaming market as Netflix, Amazon and Fox's Hotstar all continue to up their investments in the world's second most populous nation. Addressing a session at the ongoing Mumbai Film Festival, Mubi CEO Efe Cakarel said that 2019 is "when the...
Amazon to Buy Stake in India's Future Retail
Amazon will acquire a 9.5 percent stake in Mumbai-based Future Retail that has more than 1,000 stores across India. The deal is estimated at $450 million. While India allows 51 percent overseas investment in multi-brand retail, a foreign portfolio investor can acquire less than 10 percent as a single firm...
Amazon Takes Steps to Boost its Position in India
After launching Project Armada to improve its logistics services in the U.S., Amazon has introduced the plan in India. Under this project, Amazon will partner with logistics companies in India which will give vehicles on lease to Amazon's sellers to effect deliveries. This step enables the company to cut down...
Qualcomm to Set Up Campus in India
Semiconductors and telecom major Qualcomm will invest $400 million to set up its largest facility outside its headquarters at San Diego, CA., at Hyderabad in India's southern state of Telangana. Phase-1 of the project will include a built-up space of 1.7 million square feet to house 10,000 employees. Qualcomm already...
Amazon Acquires 49 Percent of India Supermarket
Amazon and Mumbai-based private equity firm Samara Capital acquired Aditya Birla Retail Limited’s food and grocery retail chain More at an enterprise value of over $600 million. More is the fourth-largest supermarket chain in the country after Future Group's Big Bazaar, Reliance Retail and D-Mart. Samara Capital will acquire 51...