September 01, 2014

Deal Alert: CCube Angels increases stake in Tier II cities focused e-tailer edabba.com

Singapore-based angel investing group CCube Angels is raising its stake to 25% in Delhi-based start-up Omnipresent Retail India, which runs online retail portal edabba.com. Edabba sells a range of products, including electronics, personal accessories and jewellery, mostly in smaller towns and cities in states like Uttarakhand, Bihar and Rajasthan. The firm will use the funds to expand in existing markets and tap other states like Karnataka and Maharashtra. 

Source: Economic Times

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August 31, 2014

Dela Alert: Meena & K Ganesh launch online furniture marketplace HomeLane

Serial entrepreneur-couple K Ganesh and Meena have acquired Bangalore-based offline design firm Bello Interiors Pvt Ltd and rebranded it as HomeLane, an online marketplace for fixed furniture. The husband-wife duo have brought in Srikanth Iyer, ex-CEO of Pearson India and founder of Edurite, and Rama Harinath, ex-senior management member at TutorVista as co-founders. 

HomeLane will be selling furniture goods such as entertainment units, wardrobes, kitchen units, study tables, and shoe racks among other items. Additionally, it will also offer customization, help in planning the interiors, etc. The company claims it will deliver products within 4 weeks, and provide 3-year manufacturer warranty. HomeLane has launched operations in Bangalore and plans to expand to 7 more cities in a year’s time. 

Source: MediaNama

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Fund Alert: Fmr IEP executives float new PE firm Carpediem Capital

Former India Equity Partners (IEP) professionals have launched a new India-focused PE firm Carpediem Capital. Arvind Nair (formerly Operating Partner at IEP) is the Chairman of the new firm while Abhishek Sharman (earlier Principal at IEP) is Managing Director. The focus sectors of Carpediem will include consumer products and services, healthcare, consumer finance services, logistics, managed services and education. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Fund Alert: Appurify founder Rahul Jain to raise $50-M fund

Silicon Valley entrepreneur Rahul Jain, who co-founded app testing start-up Appurify that was recently acquired by Google, plans to raise $50 million to invest in Indian start-ups. The fund would target start-ups working on IT development tools, IT platforms, Big Data and analytics, mobile and cloud computing. 

Source: Deccan Herald

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

August 27, 2014

Why PE investors should stick to minority investments in Restaurants

From an Economic Times article titledd "Do PE firms make bad chefs?" citing the problems at Adiga's, Sagar Ratna and Nirula's.
Prudent investment metrics back PE's thinking in grabbing pieces of the Rs 1,00,000 crore Indian restaurant industry. The industry is growing at a brisk 20 per cent a year. But, only about one-seventh of the industry is organised, says Technopak Advisors. And even some of that suffers from a hangover of its unorganised past, where cash deals were the norm, where contracts were a matter of spoken word and where much pivoted around the promoter.

It was in this complex concoction that restaurant promoters and PE shook hands. Promoters wanted PE capital to grow. And PE came in with the understanding that the path to that growth flowed through processes, standardisation and corporatisation -- essentially, organising the unorganised. A critical factor in this transition is promoter buying.

"The promoters should continue to run the business and help 'institutionalise' it, from a promoterdriven company to a process-driven one," says Ashish Bharadia, senior consultant at Mahajan & Aibara Consulting, a management consultancy specialising in hospitality and real estate. "The F&B (food and beverages) business is highly prone to leakages and wastages. Therefore, in the absence of 'promoter at the cash counter', adequate systems need to be in place." At both Sagar Ratna and Adiga's, even as PE started improving systems, their relations with the minority promoters began to deteriorate.


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Roundup on Crowd Funding

The Economic Times recently did a full page roundup. Online version available here

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Deal Alert: Price comparison service PriceBag.com raises $2-M

Gurgaon-based Accentium Web, founded by Vivek Pahwa, which operates the product discovery and price comparison portal PriceBag.com, has raised $2 million in angel funding. The funds will primarily be used for PriceBag’s product development and marketing, besides expanding its recently launched automobile site 99Cars and matrimonial site SecondShaadi.com. Pricebag currently focuses on mobiles, tablets, laptops and cameras and plans to add other e-commerce categories by the end of this year. 

Source: MediaNama
 
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: SRI Capital invests in US-based machine data analytics firm Glassbeam

Santa Clara, CA (USA)-based machine data analytics company Glassbeam, Inc. has received $2 million in additional funding from investors including SRI Capital. SRI capital founder Sashi Reddy has joined the company’s board. The company has also added well known NRI entrepreneur Kumar Malavalli as its Chief Strategy Officer.

Glassbeam’s cloud-based analytics platform is designed to organize and analyze multi-structured data, delivering product and customer intelligence for companies including IBM, HDS, Aruba Networks and Meru Networks. The new funding will be used to refine patentable Internet of Things (IoT) platform – Glassbeam SCALAR, built to handle the high volume and variety of incoming data streams. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

August 25, 2014

Deal Alert: 8 start-ups join Pitney Bowes accelerator program

Pitney Bowes has announced 8 startups that will join Pitney Bowes Accelerator program in India. The 8 startups are: 

RetailNav, a solution for retail shopping with unique in-store location-based analytics. 

Audianz, a location-based advertising platform. 

Heuristics, a GPS-based vehicle tracking system (VTS) and mobile-based personnel tracking solutions. 

Yo-app, an app that integrates social circles with a discovery platform. 

Ideata Analytics, an integrated data intelligence platform to help users perform information discovery. 

Teritree, a customer experience management platform.

BrownTape, a single-click multi-platform solution for ecommerce management.

Tagalys, a solution that provides intelligent heuristic search.

Selected startups will have access to Pitney Bowes’ software, application programming interfaces (APIs) and data for the duration of the program. 

Source: Nextbigwhat.com

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Deal Alert: Nexus, Sequoia invest $3-M in location based food ordering app maker TinyOwl

Mumbai-based start-up TinyOwl Technology Pvt Ltd, which offers location-based mobile application for ordering food, has raised $3 million in Series A funding from Sequoia Capital India and Nexus Ventures. The app, currently available in Mumbai's suburbs, can detect the users' locations and show restaurants in their vicinity. It offers both card and cash-on-delivery payment options to customers. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.