The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates.
Five private equity (PE) investors that come on top on the criterion of deal size collectively put in $9 billion in the first half of 2024, surpassing their outlay for last calendar year, when it was $8 billion.
At the top of the list is Swedish firm EQT, which acquired US-based and listed Perficient at an enterprise value of $3 billion, the deal being done by the Indian wing of the company.
It has also added to its list by putting in $500 million in WSO2, a "software as a service" company, increasing its tally to $3.5 billion.
The PE major up to now has invested over $8 billion in the country through more than 30 deals, making it a force to reckon with. It has said it would invest around $5 billio in India.
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Esta historia es de la edición September 27, 2024 de Business Standard.
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Refurbished premium phones a favourite this festival season
iPhones, Samsung drive demand in recommerce space
US tariffs risk Chinese goods flooding India
Tariffs up to 100% on key items from China take effect today
Promoter dilution in small, midcaps surges
The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis.
Pickup in public expenditure may keep growth steady: FinMin
After witnessing contraction in the first quarter of the current financial year (Q1FY25), the government is expecting public expenditure to pick up in the remaining quarters, even though there is a need for monitoring automobiles and fast moving consumer goods (FMCG) sales due to slowdown seen in Q1, the finance ministry (FinMin)'s Monthly Economic Review for August said. After witnessing contraction in the first quarter of the current financial year (Q1FY25), the government is expecting public expenditure to pick up in the remaining quarters, even though there is a need for monitoring automobiles and fast moving consumer goods (FMCG) sales due to slowdown seen in Q1, the finance ministry (FinMin)'s Monthly Economic Review for August said.
BFSI sector valuation discount at new high
Valuation re-rating has been much sharper for non-BFSI companies
Top 5 pvt equity players invested $9 bn in H1CY24
The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates.
No plans to list diagnostic arm: IHH Healthcare CEO
Malaysia's IHH Healthcare, which operates hospital networks under Fortis and Gleneagles brands, has no plans to list its diagnostics arm Agilus Diagnostics, a Fortis subsidiary, senior company officials said.
Greenfield hotel investments return to pre-pandemic levels in H1
Surge fuelled by expansion in Tier-II, -III, -IV cities
‘Focus on increasing visibility in top-tier locations’
Costa Coffee, which has a store count of 200 across the country, continues to expand at a steady pace in the Indian market. In an exclusive interview, VINAY NAIR, vice-president, Costa Coffee, India and emerging markets, spoke in a video interview with Sharleen D'Souza on the healthy growth that the coffee market is witnessing in India. Edited excerpts:
Singapore court grants WazirX four-month moratorium
A Singapore court on Thursday granted a four-month moratorium to Indian cryptocurrency exchange WazirX, a period which the embattled firm will use to restructure its business without worrying about legal proceedings.
