venture Financial services see record investments in H1: EY-IVCA India A report by EY India and IVCA says the financial services sector in India has seen investments worth $4.2 billion across 74 deals in the first six months of 2018. By Deepti Chaudhary
venture August records lowest M&A, PE deal values in 2018: Grant Thornton Average deal size decreased to $19 million, from $178 million recorded in the previous month. By Deepti Chaudhary
venture Zomato acquires food tech startup TongueStun Media reports peg the deal at $18 million. By Fortune India
macro The pros of staying private Finding equity finance, an important reason for companies to hit stock markets, is no longer a problem today. Not to mention fewer regulations and less scrutiny. By Ashish Gupta
venture Tencent wants a slice of Swiggy WeChat owners said to be in talks to raise $500-700 million for food delivery app. By Fortune India
venture Xiaomi leads funding round in ZestMoney It’s the second fintech investment by Xiaomi in less than a year. By Deepti Chaudhary
venture Observe.AI raises $8 million from Nexus Venture Partners, others The California-headquartered company offers an artificial intelligence (AI) platform which provides call-centre agents with real-time feedback on customer sentiment. By Deepti Chaudhary
venture KKR acquires 60% stake in Ramky Enviro Engineers for $530 mln KKR’s investment in Ramky Enviro Engineers is also the first private equity buyout in the country’s highly attractive environmental services sector. By Deepti Chaudhary
venture Blackstone to invest in outsourcing startup TaskUs While Blackstone did not provide financial details of the transaction, according to a Bloomberg report the private equity major is buying a “large” stake for $250 million. By Deepti Chaudhary
venture VC, PE deals up 45% this year so far: EY In terms of deal volume, investment activity increased by 50% to 63 deals in July from 42 in July last year. By Deepti Chaudhary
