CPPIB bets $1.2 bn on IndoSpace JV; SoftBank invests $1.4 bn in Paytm to expand India play; Warburg Pincus, True North, IHH Healthcare strike exits; Edu-infra fund Cerestra buys school asset; Q&A with TVS Capital's Gopal Srinivasan

[] SATURDAY, 20 May, 2017 [NewsCorp VCCircle]( [twitter]( [linkedin]( [facebook]( [you tube]( [VCCircle Premium]( [Sign Up Today]( PRIVATE EQUITY [CPPIB expands India realty bet with $1.2 bn IndoSpace JV]( Canada Pension Plan Investment Board (CPPIB) plans to invest as much as $1.2 billion (Rs 7,700 crore) in a joint venture with Indian developer... PRIVATE EQUITY [Exclusive: India Life Sciences Fund II makes new pharma bet]( [Exclusive: Sequoia-backed outdoor gear maker Wildcraft hires banker for fundraising]( [Microlender Arohan raises $24 mn from Denmark's Maj Invest, others]( [Brand Capital backs Indian arm of Sotheby's International Realty]( [IIFL hits final close of new fund for IPO, pre-IPO investments]( [True North makes partial exit from drug research firm with strong gains]( [Exclusive: Brand Capital backs two hospitals of IHH Healthcare unit]( [Exclusive: Tata Capital arm, Bajaj Finance back Hyderabad developer's projects]( [Khazanah-controlled IHH Healthcare exits Apollo Hospitals]( [Exclusive: Sequoia-backed Go Colors in talks for Series B round]( [Warburg Pincus sells 25% stake in Capital First; GIC ups bet]( [IFC to invest $40 mn in Tata Cleantech]( [Samridhi Fund-backed Kanungo Institute readies game plan for expansion]( [Exclusive: LIC unit set to float private debt fund]( [IFC to invest $125 mn in two Mahindra Group companies]( [PE investments in payments space fall to 5-yr low; M&As hold out hope]( venture capital [SoftBank trashes charges of execs getting kickbacks for early India bets]( [Exclusive: Health food startup HealthSutra raises pre-Series A round]( [Consumer lending startup EzCred bags $1 mn seed funding]( [Non-bank lender IntelleGrow readies game plan for venture debt biz]( [Paytm raises $1.4 bn from SoftBank; valuation jumps]( [Lending startup Paysense bags $5.3 mn from Jungle Ventures, others]( [Nikhil Vora harvests 75-fold gain from Paytm stake sale]( [Honeywell floats $100 mn venture fund to back tech startups]( [SAIF Partners again pares stake in restaurant chain]( [Amazon injects $10.5 mn into India payment arm]( [Fin-tech startup Telr raises $3 mn in Series B round]( [Exclusive: Cocoon Ventures backs agri startup in first known India bet]( [Bain Capital Ventures to start funding angel investors]( [Nadir Godrej, Anand Piramal back luxury homes developer Isprava]( [Exclusive: BCCL's Brand Capital bets on Peepul-backed organic food maker]( [KStart Capital backs chatbot startup for enterprises Vernacular.ai]( [Ideaspring Capital invests $500K in workflow management startup Zapty]( [Hyperlocal delivery startup Genie raises $250K, to resume operations]( [Ideaspring Capital invests $500K in workflow management startup Zapty]( m&a [Exclusive: Sleepwell mattress maker looks to buy Mumbai firm]( [Exclusive: Welspun Group to merge three subsidiaries]( [RP-Sanjiv Goenka Group to split CESC into four listed firms]( [HT Media buys out partner Apollo Global's stake in education JV]( [Exclusive: Edu-infra fund Cerestra buys school asset in South India]( [Franchise India picks up majority stake in RE/MAX's franchisee]( [Fairfax-backed Quess Corp hikes stake in Heptagon Technologies]( [Strides Shasun to acquire 50% stake in two Vivimed companies]( [Indian firms hire in-house M&A lawyers as dealmaking surges]( [Max Healthcare earmarks $325 mn for acquisition, expansion]( [Student networking firm AlmaMapper buys recruitment startup VibrantMinds]( [Dabur expands Africa bet with two more acquisitions]( [Max Healthcare earmarks $325 mn for acquisition, expansion]( [Student networking firm AlmaMapper buys recruitment startup VibrantMinds]( [Exclusive: Health insurance TPA Medi Assist eyes second M&A this year]( [Matrix-backed Mswipe acquires PayU's offline merchant PoS unit]( [UberEATS, Zomato in race to acquire delivery startup Runnr]( [Byju's may acquire TutorVista's division from Pearson]( Markets [PSP Projects IPO subscribed 8.6 times]( [Sterlite Power's InvIT IPO sails through on final day]( [Hudco pares gains after strong stock-market debut]( [Motilal Oswal PE-backed Dixon Tech files for IPO]( [Sensex touches new record as consumer goods stocks surge]( [IRB InvIT Fund makes tepid debut on bourses]( [Securities depository firm CDSL clears regulatory hurdles for IPO]( [Sensex, Nifty hit new record close for third day]( [Exclusive: PE-backed Laqshya Media gearing up for IPO]( [PSP Projects raises $15 mn from anchor investors]( [Exclusive: Top investors line up for IPO of Sterlite Power's InvIT]( [Cable operator GTPL Hathway gets SEBI nod for IPO]( q&a [Modi govt has done tremendous work for PE/VC industry: TVS Capital's Gopal Srinivasan]( Analysis [Mobile wallets losing momentum, UPI soars six months after note ban]( [Six months on, demonetisation blues seem a thing of the past]( [Company watch: CARE Hospitals all hale and hearty after Abraaj's backing]( People [Dealmakers aplenty, SoftBank's Son looks for wonks]( [Former ICICI Bank exec Rajiv Sabharwal joins PE firm]( [Snapdeal's legal head quits amid merger talks with Flipkart]( [JPMorgan names Rohit Chatterji Asia Pacific M&A co-head in top-level rejig]( VCC TV [How can organisations create a more equitable workplace?]( [How can women entrepreneurs make the most impact?]( [Has India's economy recovered from note ban blues?]( [All you need to know about ransomware WannaCry]( FROM VCCSTARTUPS [Wary of investors taking control, Ola founders secure their place at the wheel]( [Founders divided over job-creation target to qualify for Startup India]( [How an Indian-origin CEO pulled off the Improbable and broke into UK's unicorn club]( [How much will founders Bahl and Bansal reap from Snapdeal in all?]( others [GST Council finalises rates for goods and services tax]( [GST Council finalises four tax rates for services]( [Google shifts mobile focus to apps, digital assistant]( [GM to stop selling cars in India, shifts focus to exports]( [SoftBank to get $1 bn from Japan's Sharp for Vision fund]( [India's digital spend small but opportunity huge: Panellists at VCCircle event]( [Digital here to stay despite remonetisation, say panellists at VCCircle event]( [Creating bandwidth key for transition to digital payments, say panellists at VCCircle event]( [NBFCs march ahead in India as banks grapple with bad loans]( [Opinion: Are options under FEMA really 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