Indian food delivery and restaurant aggregator
Zomato made a stellar market debut this week with its stock surging 65%, giving the startup a valuation of about $14 billion. The successful outing of the homegrown company is a milestone event for India’s entrepreneurial ecosystem as several others queue up to list. Berkshire Hathaway Inc-backed
Paytm, hospitality company
Ola, both backed by
SoftBank, are among other Indian startups set to test public market waters.
Zomato’s IPO outing shows that public markets can be more enthusiastic than private equity players in driving up valuations. Zomato’s close competitor
Swiggy was recently valued at less than two-fifths those levels, or $5.5 billion, after a $1.25-billion fundraising in the private markets.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
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Arkansas Teachers assigns $150 million to real estate, infrastructure
Arkansas Teachers assigns $150 million to real estate, infrastructure
Print
Arkansas Teacher Retirement System, Little Rock, agreed to commit $150 million to three private equity funds, confirmed Rod Graves, deputy director of the $20.7 billion pension fund, in an email.
At its June 7 meeting, the board voted to commit up to $50 million apiece to KKR Diversified Core Infrastructure Fund, an open-end infrastructure fund managed by
KKR & Co.; Carlyle Realty Partners IX, a value-added real estate fund managed by
Carlyle Group; and
GLP Capital Partners IV, a value-added open-end real estate fund, specializing in distribution and logistics companies with imminent need.