Sequoia Capital announced that it has received commitments of $1.35 billion for new investments in India and southeast Asia.. According to Shailendra Singh, Managing Director, Sequoia India, the three Sequoia India funds will continue to invest across India and Southeast Asia (SEA). They will be used to double down on...
India's Central Bank Approves Amazon e-Wallet
Amazon India received the Reserve Bank of India’s approval to launch its own digital wallet in India. This will give the American online retail giant a slice of India’s fast-growing digital payments business pie. Amazon will now be able to take on Paytm (an acronym for "pay through mobile") and...
Indian Companies Continue to Witness Rise in Merger and Acquisition Deals
Live Mint reports that according to the latest Deal Tracker report by Grant Thornton India Llp., Indian companies continue to witness an upward trend in M&A deal values. A snapshot of the news in the table below: Inbound DealsJanuary 2015 118 deals were closed worth $3.4 billion up by...