True North, Resurgent, CX Partners in control deal news; Rabo, IndiaNivesh eye new funds; Binny Bansal resigns as Flipkart CEO over misconduct; Essel may sell stake in flagship Zee

[] SATURDAY, 17 November, 2018 [NewsCorp VCCircle]( [twitter]( [linkedin]( [facebook]( [you tube]( [VCCircle Premium]( [Sign Up Today]( Private equity [ICICI Venture-Tata's PE fund inks $830 mn deal for Jaypee's Prayagraj project]( A private equity venture set up by Tata Power Co. Ltd and ICICI Group has signed a pact to acquire a majority stake in Prayagraj Power... PRIVATE EQUITY [True North to pick up 17.4% stake in Federal Bank unit]( [Exclusive: Adani Capital offers structured finance to construction materials firm]( [Exclusive: Adani's big-ticket commercial realty deal to sell Mumbai asset falls through]( [IFC may back Phoenix for agri supply-chain investments in India, other regions]( [GIC hikes stake in CPPIB-backed Kotak Mahindra Bank]( [SAIF Partners presses exit button on listed tech portfolio firm]( [PE fund, veteran i-bankers to pick up stake in India's top pharmacy chain]( [Temasek books profit from Indian tech portfolio company]( [True North to acquire Shree Digvijay Cement]( [IndiaNivesh marks first close for turnaround fund]( [Rabo Equity to raise new fund, appoints new managing director]( [CX Partners looks to strike another control deal]( venture capital [Real estate platform Monest in talks to raise Series A funding]( [Visa to pick up minority stake in BillDesk]( [IDG, Blume-backed HealthifyMe tops up Series B funding round]( [Inflection Point Ventures backs sports-tech startup Sportido]( [SoftBank invests $300 mn in Silicon Valley-based Automation Anywhere]( [Sequoia, Fosun set to pump more money into travel aggregator ixigo]( [Security professionals invest in surveillance management app Biizlo]( [RTP Global hires former Sistema Asia Fund exec Kirill Kozhevnikov]( [Tech-based sanitation startup Fresh Rooms raises angel funding]( [Exclusive: US-based Amistad Ventures backs e-commerce enabler EasyEcom]( [Bain Capital Ventures raises $1 bn fund to back startups]( [Venture Catalysts facilitates investment in car wash startup CleanseCar]( [Prime Venture leads Series A funding in retail-tech platform Perpule]( [1Crowd leads pre-Series A funding round in Hoi Foods]( [Capria's emerging markets $100 mn fund-of-funds marks first close]( [Stevens Creek Ventures leads funding round in on-demand driver provider DriveU]( [Google, Blume to invest more in task management app Dunzo]( [Exclusive: Mayfield invests in micro-delivery grocery startup Milkbasket]( m&a [US stressed assets firm picks up stake in ARCIL as sovereign wealth fund exits]( [Tata Sons says in preliminary talks with Jet Airways for a deal]( [GAIL might acquire some wind energy assets of IL&FS]( [Singapore's Agritrade Resources to acquire SKS Power Generation]( [IHH Healthcare may consider merging Fortis, other India hospital brands]( [Essel Group looks to sell stake in Zee Entertainment, hires banker]( [KKR-backed Café Coffee Day parent may separate non-coffee biz]( [Ageas to acquire 40% stake in Royal Sundaram General Insurance]( [NCLAT clears UltraTech's bid for Binani Cement]( [Logistics management startup FarEye acquires IoT platform Dipper]( [Cipla to acquire US-based speciality drugmaker Avenue Therapeutics]( [IndusInd Bank calls off acquisition of IL&FS' securities services arm]( [Aurobindo to acquire R&D assets from Melbourne-based Advent Pharmaceuticals]( [IL&FS to explore sale of two financial services assets]( [AGC Networks to acquire Nasdaq-listed Black Box for $16.6 mn]( Markets [Reliance Industries, HDFC power Sensex to six-week high]( [State Bank of India gears up for IPO of PE-backed general insurance unit]( [SEBI tightens disclosure norms for ratings agencies in wake of IL&FS crisis]( VCC TV [Dunzo leads VC funding this week]( [Thyrocare founder A Velumani on why diagnostics sector draws PE interest and more]( PEOPLE [Veteran equity capital market I-banker joins conglomerate]( [Top Edelweiss stressed assets executive quits to join corporate house]( [Data firm promoter takes PE investor to court over removal]( [IHH Healthcare names four directors to Fortis board]( [Exclusive: Motilal Oswal PE loses a top executive]( [Infosys appoints Jayesh Sanghrajka as interim CFO]( [Binny Bansal leaves Flipkart after personal misconduct probe]( [JLL India hires Oberoi Group exec to head hotels and hospitality biz]( Q&A [Diagnostics firms should still get fair valuation in IPOs: Thyrocare's Velumani]( [Keiretsu Forum's Denny Kurien on how angel investors bring value to startup ecosystems]( [AI helps us check borrowers' digital footprint, offer loans: FlexiLoans' Lunia]( [Valuation the biggest challenge for investing in India: Proparco's Philippe Serres]( [DBS Bank gets 60% revenue from digital customers: India MD Alfian Sharifuddin]( ANALYSIS [Will Paytm Mall's new wholesale biz help it catch up with Flipkart, Amazon?]( [Company watch: PE-backed Radiant Cash battles thin margins, regulatory woes]( [In Charts: How corporate tax collections grew during Modi regime]( FROM techcircle [From rummy to e-sports, it's boom time for digital gaming in India]( [Reboot: Former Foodpanda, Printvenue boss is out to shake up health-tech]( [Live-streaming app Live.me banks on Indian content studios to drive monetisation]( [Why this startup's blockchain-based KYC solution could be a game changer]( [Brigade REAP wants to be the go-to accelerator for realty-tech startups in India]( [Amazon's India cloud business triples FY18 revenue, turns a profit]( others [Former Clix Capital executive gets funding for SME-focussed NBFC]( [PE funding isn't on GSK Velu's mind as he charts course for Neuberg Diagnostics]( [Tatas may end AirAsia JV; Bharti Infratel may buy Vodafone Idea's fibre assets]( [Tatas-SIA eye Jet Airways; KKR to raise Asia-focussed infra fund]( [Tatas begin due diligence on Jet; Bain, Baring Asia join race for Aadhar Housing]( [India's retail inflation eases to 3.3% in Oct; industrial output up 4.5% in Sept]( [Everstone rejigging PE business; Ventureast trims size of sixth fund again]( VCCircle Upcoming Events Events Title Date City [Food & Agri Investment Summit 2018]( November 22 Mumbai Early bird discounts and Group concession fees available. 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