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Showing posts from July, 2013

Deal Alert: IAN invests in IndiaCollegeSearch

The Indian Angel Network (IAN) has invested in IndiaCollegeSearch (ICS), an online service that helps students with college admissions. IAN members investing in the company include Vikram Kant Upadhyaya, Anupam Mittal and Varun Khurana. Upadhyaya and Khurana will join the company’s board.
ICS, founded by Anirudh Motwani and Parul Bansal in 2010, was the first company incubated by IAN. It helps students with information, application forms and other services with regard to college admissions. The fresh funds will be used to expand its existing user base of 10 lakh students and 1200 colleges. The startup joined the IAN Incubator in 2011 and was mentored by Upadhyaya. ICS claims to have information on more than 7,000 colleges and that over 5 lakh admission seekers use its platform every month.
Source: NextBigWhat
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuatio…

Deal Alert: Gozoop buys digital media agency Red Digital for Rs.7-Cr

Mumbai-based social media agency Gozoop has bought Bangalore-based Red Digital, a media agency with clients across the entertainment and technology industries, for about Rs.7 crore. Red Digital currently manages digital and social media marketing for clients such as Mumbai Indians, Mirinda and Dell. 
Source: Economic Times 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: Tandem Capital invests in mobile commerce platform Shoptimize

Mobile accelerator Tandem Capital has added Shoptimize, a Pune-based mobile commerce platform for its six month program. Targeted at traditional merchants in emerging markets, Shopitimize is a mobile first SAAS based ecommerce solution provider. Currently, it is working with more than 20 businesses outside the US. The product directs traffic to merchant sites using content curation techniques. 
Founded by Doug Renert and Sunil Bhargava in 2007, Tandem invests in six companies at the maximum with a $200,000 of seed capital per startup. 
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: Online graphic art marketplace Crude Area secures funding

Mumbai-based online graphic art marketplace Crude Area has raised angel funding from a clutch of investors including the founders of Webchutney and two angel investors from the US. The funds will be used to hire more people and invest in marketing. 
The company founded by Shweta Bhandari and Nidhi Dewan in November 2012, curates art and design from around the world. 
Source: NextBigWhat 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: Online price discovery platform Wicfy raises follow-on investment

Pune-based shopping discovery platform Wicfy has secured follow-on funding from multiple investors including Silicon Valley–based Ecosystem Ventures, Everest Management Fund (Switzerland) and angel groups based out of Singapore and India. The funds would be used for enhancing the platform, product development and for launching mobile app for iOS platform. Following the investment, Alexander Fries, president, Ecosystem Ventures, will join the board of the company. 
Launched in 2010 by Arun Purohit and Rajeshwari Joshi, Wicfy offers a web-based price comparison and discussion platform for users to share information on prices, products and sellers across categories in Delhi, Mumbai, Bangalore, Pune and Kolkata. 
Source: Yourstory.in
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 W…

Deal Alert: Preventive diagnostics firm Xcode raises addl Rs.1-Cr from Shead Holdings, others

Chennai-based preventive diagnostics start-up XCode has raised Rs 1 crore in additional angel funding from US-based Shead Holdings and an individual investor. The capital will support the company’s upcoming launches — an anti-ageing topical application and a mobile phone-based health advice service. 
Last year, Shead Holdings and R. Narayanan (of Chennai Angels) had invested $2,50,000 in the firm, which was initially incubated at the Vellore Institute of Technology. XCode’s flagship product is a preventive wellness programme identifies an individual’s predisposition to diabetes, obesity and cardiovascular diseases by doing a DNA analysis of his or her saliva sample.
Source: Business Line
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 Exhaus…

Deal Alert: Shared cab service Cubito raises angel investment

Goa-based Cubito, which offers shared cab services, has raised over Rs.1 crore in angel investment and has expanded its services to Bangalore. Cubito pools people sharing the same route and arranges for a common cab to transport them. 
Source: YourStory 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: Tata Elxsi incubates business telephony firm Big V Telecom

Tata Elxsi, part of the $100 billion Tata group, has inducted business telephony solutions provider Big V Telecom into its incubator programme. Big V telecom is founded by Keshor Daga, has deployed its solutions in select regions in India and is looking to scale its presence across the country. 
Source: Times of India 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: Tookitaki raises $200-K from Blume Ventures, India Internet Group, angels

Tookitaki, a social targeting and advertising optimisation platform operated by Kolkata-based startup Social Audience Pvt Ltd, has received $200,000 from a consortium of investors including Blume Ventures, India Internet Group, Harvard Angels and CIIE Ahmedabad. The group of investors also includes Craftsvilla founder Manoj Gupta, Rahul Garg (Google) and Ravi Trivedi (Srijan Capital). 
Founded in 2012 by Abhishek Chatterjee and Jeeta Bandhopadhyay, this appears to be Tookitaki’s third angel funding round. Earlier this year it raised Rs 12 lakh from Srijan Capital and other angels. In April it raised around Rs 1 crore in lieu of a 22.5 per cent stake from Anirudh Suri, Ravi Gururaj and Ramesh Kumar Shah at Startup Roots, an initiative under the Nasscom 10,000 Startups programme. The company was incubated at iAccelerator, the on-campus startup incubator at IIM Ahmedabad under CIIE. 
Source: Startup Central
Venture Intelligence is the leading provider of data and analysis on Private Comp…

Deal Alert: Online skills assessment Wheebox raises Series A capital

Gurgaon-based Integrated Learning Solution Pvt Ltd, which runs an online skill assessment venture under Wheebox.com, has raised Series A funding from Lumis Partners, Indus Balaji PE fund, Signature Capital Advisors and The HR Fund. As part of the deal, Pankaj Bansal of The HR Fund and Ujjwal Singh of Indus Balaji PE fund have joined the board. 
Founded in 2009, Wheebox is a skill assessment site that allows members to assess their skills in language, cognitive skills and domain skills to find suitable jobs. Wheebox has sales offices in Johannesburg, Durban and Cape Town in South Africa for Pan Africa Network and Luton in United Kingdom. 
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: Enterprise mobility solutions startup Gray Routes raises $100-K

Gray Routes, a Mumbai-based mobile solutions start-up that targets the FMCG and other sectors, has raised $100,000 from a group of angel investors in Bangalore and Silicon Valley. The company is developing enterprise mobile applications and solutions that enable players in the FMCG, food services, telecom and logistics sectors, to automate and monitor their distribution operations in the field. The funds raised will be used to recruit talent and acquire patents for some of the company’s solutions. 
Gray Routes was founded by Soubhagya Sahoo, an IIT Kharagpur and IIM Ahmedabad alumnus, and Sapna Patel, who earlier led business development at IIT Bombay-incubated InOpen Technologies. The firm employs 12 people across Mumbai and Delhi. 
Source: StartupCentral 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 inclu…

Deal Alert: TheShoppingPro raises Rs.22 Lakh from serial entrepreneurs

Gurgaon based Intelligent Shoppro Pvt Ltd, which creates shopping solutions under the brand TheShoppingPro.com, has raised Rs.22 Lakh in angel investment from serial entrepreneurs Gaurav Bhatnagar, Ankush Nijhawan and Manish Dhingra. The funds will be utilized to create tools that simplify online shopping for consumers. 
Founded by IIT (Delhi) alumni Ashish Gupta and Lavesh Bhandari, TheShoppingPro is working on a series of web and mobile tools to make online shopping easier. The portal is generating over 200 transactions a month. The site has close to a 100 partners including Flipkart, Jabong, Myntra and MakeMyTrip. Ashish Gupta had earlier co-founded StudyPlaces.com (acquired by EduComp) and was a partner at Tekriti Software. 
Source: Yourstory.in  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 t…

Deal Alert: DIY e-commerce platform KartRocket raises seed funds from 5Ideas, 500 Startups

Big Foot Retail, a Delhi-based startup that owns do-it-yourself e-commerce platform KartRocket, has raised seed funding from 5Ideas Startup Superfuel and 500 Startups. Jatin Aneja, partner at Amarchand Mangaldas also participated in the round. Founded in 2011 by Saahil Goel, Gautam Kapoor and Vishesh Khurana, KartRocket targets small and medium enterprises keen to launch their own stores online. 
Source: Startup Central 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: “DIY” app development firm SnapLion raises capital from seed funds, angels

SnapLion.com, a Delhi-based ‘do-it-yourself’ platform that enables a user to build custom mobile apps, has raised funding from Orios Venture Partners, India Internet Group, Blume Ventures, Indian Angel investors including Rajan Anandan, Sandeep Soni and Gaurav Sharma, and Silicon Valley Angels including Nickhil Jakatdar (CEO Vuclip, Silicon Valley) and Piyush Shah. 
SnapLion.com helps restaurants, musicians, artists, designers, event promoters and photographers to update content and design in real time by updating the back end CMS at the portal. It has signed up some marquee clients like Kings XI Punjab and Anoushka Shankar. 
Source: Yourstory.in
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.

PE/VC Firms vie with Middle East Investors for piece of Indian Agri-Businesses

Agri-Biz Investments rise 75% in first 6 months of 2013  


Last week, publicly listed packaged rice exporter Kohinoor Foods agreed to sell a 20% stake for almost Rs.113 crores ($18.8 million) to Al Dahra Holdings, an Abu Dhabi-based investment firm which makes investments around the world to secure food supplies to the UAE. Kohinoor has also entered into a joint venture with the investor to develop and manage a rice processing and storage facility in Abu Dhabi. The JV will source a minimum of 25,000 MT of basmati rice per year from Kohinoor.

In March 2013, Qatar-based Hassad Food had acquired a 69% stake another rice exporter - Bush Foods Overseas - for $135 million. The deal fetched Bush Food's investor, StanChart Private Equity - the winner of the Best Private Equity Investor of the Year Award at the Venture Intelligence APEX'13 Awards in February - a 2.5 times return on Rs.110 crore ($24.4 million) investment it had made in April 2011, according to the Venture Intelligence …

Deal Alert: Price comparison engine FindYogi raises $100-K from Way2SMS founder

Bangalore-based price comparison website FindYogi has raised $100,000 in seed funding from Raju Vanapala, the Founder & CEO of Way2SMS, an SMS based messaging service provider. FindYogi helps customers make better buying decisions and has recently added features such as score for gadgets and FindYogi index. FindYogi was founded by Anil Bhat, Ankit Govil and Naman Sarawagi, who have experience in technology, marketing and sales at MNCs and startups like Yahoo, Novell, Oracle, Capillary Technologies, Freecharge and ZipDial. 
Source: Nextbigwhat 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: VentureNursery adds five cos to 3rd batch

Accelerator VentureNursery has kicked off its third batch with five start ups: 
Catapooolt: crowd-funding platform focused on movies, music and entertainment projects, offering a 3-tier reward system. Entrepreneurs can use it to get funding and mentoring support, while the communities will use it because of rewards associated with their contribution.
iLeathergraph: Founded by Rattan Joneja, a former venture capitalist, iLeathergraph is an identity theme -based small leather products brand, it specialises in transcribing the customer identity, autograph or monogram designs on the product. 
Perspective.ly: News recommendation system that uses technology to better collate information. The key product, a recommendation system for news, is targeted at online publishers, blogs and media houses. The founder Ankit Goel is an artificial intelligence expert. 
Peter’s Pan: a Pune-based quick-service restaurant that offers all day dining options for all age groups. The founder Amit Sharma, a serial…

Deal Alert: Goa based PowerStores raises $2-M from Hong Kong investor

Goa based e-commerce enabler PowerStores has raised around $ 2 million funding from a Hong Kong-based angel investor. The portal allows businesses to create and manage content and e-commerce based websites. The funds raised will be used to grow the team, market the product and expand operations globally. Founded in late 2011 by Cory York and Indrajit Chowdhury, PowerStores was started with the revenues generated from SociaLinked.com.
Source: Yourstory.in
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: Invest India raises funds from KfW

German-state owned development bank KfW has acquired a 30% stake in Invest India Micro Pension Services Private Limited (IIMPS). Other major existing shareholders of IIMPS are UTI Asset Management Company Limited, SEWA and Michael & Susan Dell Foundation (MSD). HSA Advocates advised the company while AZB & Partners advised MSD. 
Source: Legally India 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: Forum Synergies and Axon Capital invest Rs.20-Cr in electric bike company Ampere

Coimbatore-based electric bike company Ampere has raised its first round of funding of Rs 20 crore from Forum Synergies and Spain's Axon Capital in return for a minority stake. The company will use the funding to scale up Ampere's production, distribution and sales network. 
Source: Economic Times
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: Commodities trading software maker Eka acquires Australian firm MatrixGroup for $20-M

Bangalore-based commodity software maker Eka Software Solutions has invested $20 million (Rs. 120 crore) to completely acquire MatrixGroup, an Adelaide, Australia-based commodity handling software vendor in an all cash deal that is expected to deliver key clients such as Rio Tinto, BMA and BlueScope. 
Promoted in 2004 by Manav Garg, a former commodity trader, Eka had, in April, bought Canada-based EnCompass Technologies, a provider of energy transaction and risk management solutions. Eka has raised $16 million (about Rs. 95 crore) from Thailand-based GP Group and Nexus Venture Partners so far. Eka expects to touch revenues of $250 million (about Rs. 1,500 crore) within five years.
Source: Economic Times
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 &a…

Legal Corner: Investor Veto: Right without a Remedy?

Veto or affirmative rights are designed to prohibit an investee company from acting on matters which are meant to protect the value of an investor's investment without the approval of the investor. While such a right is intrinsically expected to provide certain level of control to the investor, the Delhi High Court in its recent judgment in World Phone India Ltd. v. WPI Group Inc. appears to have diluted the efficacy of this right and added to the already existing controversy regarding investor rights in shareholders' agreements.
In this case, a board meeting of the company approving a rights issue was sought to be invalidated on the ground that consent of one of shareholders who had an affirmative vote under the terms of a joint venture agreement was not taken. The Delhi High Court held that where the articles are silent on the existence of an affirmative vote requirement, it will not be possible to hold that a clause in an agreement between the shareholders would be bindi…

Deal Alert: Online corporate gifting firm Giftxoxo raises funding from Kshatriya Ventures

Bangalore-based Nreach Online Services Pvt Ltd, which operates online gifting platform Giftxoxo.com, has raised angel funding from Kshatriya Ventures. The funds will be used to expand the company’s operations in Delhi and Mumbai as well as for hiring talent. The startup competes with Giveter, Giftbig, Indiangiftsportal, Gifts2India, BuddyGifting, Wishpicker, Giftology, Social Buddies and Badhai. 
Source: NextBigWhat 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: Flipkart raises $200-M from existing investors

E-commerce major Flipkart has secured a fresh round of funding $200 million from existing investors Naspers, Accel Partners, Tiger Global and ICONIQ Capital. The deal values Flipkart at $1.5 billion, or over Rs 9,000 crore. The company plans to use the funds to improve its tech platform which powers its marketplace, e-book business and payment solutions, strengthen its supply chain and for hiring. The firm claims 9.6 million registered users, 1 million unique monthly daily visitors and more than $500 million in gross merchandise value. It hopes to cross $1 billion mark by 2015.
This is Flipkart’s fifth round of funding, after raising a reported $150 million in August 2012, $20 million in June 2011, $10 million in June 2010 and $1 million in 2009. Naspers had invested 858 million rand (around $102.1 million) in Flipkart in return for 10% stake in the company in August 2012. Flipkart had sold its front end retail operations WS Retail to a group of investors led by former OnMobile COO R…

Deal Alert: Tata Capital invests in cloud-based file sharing firm Vaultize

Vaultize, a Pune based enterprise file sharing and sync (EFSS) and mobility vendor, has raised funding from Tata Capital Innovations Fund. Founded by Anand Kekre in 2010, Vaultize provides a secure enterprise-grade platform for file sharing, endpoint protection through backup and encryption, Google Apps backup and enterprise mobility. The funding will help the company scale up its go-to-market strategy, including expansion across the world, with immediate plans to establish operations in the US and Europe. The company will also use the funds towards building its best of breed sales, marketing and engineering teams and to enhance its global partner program. 
Source: Yourstory.in 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 Transa…

Deal Alert: E-com enabler IndiaOrders raises capital from Vijay Group

IndiaOrders, an online platform for offline stores, has raised funding from Vijay Group, a real estate company in Mumbai owned by Ateev Gala. With its affiliate model, Mumbai- and Pune-based IndiaOrders showcases products from various offline stores and charges a predefined commission from its registered merchants on each sale. IndiaOrders will scale up operations in 5 cities including Jaipur, Kolkata and Delhi. 
Source: iamwire
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: Pluss Polymers raises Rs.15-Cr from Tata Capital

Gurgaon-based Pluss Polymers has raised Rs 15 crore in venture capital funding from Tata Capital Innovations Fund, a fund managed by Tata Capital, to help the company in its research, development and manufacturing initiatives in specialized polymers and phase change materials. Pluss Polymers was incorporated in 1993 to commercialise the technology for grafted modified polymers and alloys and blends. 
Source: Business Line
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: Student rental listings firm Flat.to raises funding from Aakrit Vaish

Mumbai-based real estate listing website Flat.to has raised funding from Aakrit Vaish, Director of Flurry India and an angel investor. It has also officially launched the website after running it in beta phase.
Launched by Gaurav Munjal, Flat.to helps students to find accommodation and roommates. The website connects them with agents and owners nearby who specialize in renting out to college students. Agents can list properties on Flat.to by paying a subscription fee and students can contact them via website or directly. The company plans to use the raised funds to expand its services all across Mumbai. Later it plans to expand to Pune and Bangalore. 
Source: iamwire
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 Ne…

Deal Alert: GramVaani raises US$500-K from IAN, others: report

Delhi-based social tech company GramVaani has raised $500,000 in its first equity investment round from Indian Angel Network and a few other investors. GramVaani, started in 2009, is a social media platform for rural India providing voice and video based local media platforms. It has three main verticals which include GRINS, a product for community radio stations having more than 40 installations in India and Africa, vAutomate - a suite of voice applications and Mobile Vaani network. It claims to serve more than 2 million users in over 15 Indian states as well as in Afghanistan, Pakistan, Namibia and South Africa. Gramvaani will use the raised funds to expand the team.
Source: iamwire
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…

Pros and Cons of SEBI's New Rules for Angel Investments

StartupCentral has a nice roundup of the +ves and -ves of the newly announced rules here along with an article by "Super Angel" K.Ganesh here.

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.

Perk up in public markets aids PE exits in Q2’13

JustDial IPO fetches over 10x return for SAIF; TPG exits Shriram Transport Finance with over 6x

Private Equity firms obtained exit routes for their investments in 29 Indian companies during Q2 ’13 up 38% over the 21 exits in the same period a year ago (and 21% over the 24 exits in the immediate previous quarter), according to data from Venture Intelligence (http://www.ventureintelligence.in), a research service focused on private company financials, transactions and valuations in India. Of the divestitures during the latest quarter, 21 represented complete exits; the remainder partial ones. Sale of shares in already listed companies (via the public markets) accounted for nine exits during Apr-Jun ’13 (compared to four in the same period in 2012); Strategic Acquisitions for seven (vs. six in Q2’12); Secondary Sales (i.e., purchases of shares held by one PE firm by another) for six (vs. seven in Q2’12) and Buybacks for six (vs. four in Q2’12). Note: The above figures do not include exit…

Deal Alert: E-com firm Klip raises angel funding

Online product discovery site Klip.in has raised funding from angel investors linked to start-up accelerator VentureNursery. The Mumbai-based company helps users discover unique lifestyle products from across the web by aggregating and curating them based on their social connections and interest graph. It was part of VentureNursery’s second batch that concluded in April.
Klip is part of Smursh Ecommerce, founded in 2011 by college friends Harsh Gadia and Maneesh Madambath. Klip, which claims to have a 1,000-strong user base, has curated products from over 100 sites.  Source: Economic Times
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: Online Real Estate listings firm CommonFloor raises $7.5 M more from Tiger Global, Accel India

Bangalore-based real estate search engine and listings site CommonFloor has raised $7.5 million in additional funding from existing investors Tiger Global Management and Accel India. The funds will be used to expand into new markets, for sales and marketing and for product development.
From the Venture Intelligence PE Deal database:In August 2009 Accel India had invested $0.22 million and in September 2011 Tiger Global and Accel India had invested $3 million in CommonFloor. 
Source: Techcrunch
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: Jungle Ventures leads $1.1 M Series A round for impacting funding platform Milaap

Milaap Social Ventures, an impact-focused fundraising platform, has raised a Series A round of $ 1.1 millionled by Singapore-based early stage investment firm Jungle Ventures. Other investors included Toivo Annus – co-founder & former Head of Engineering at Skype; Lionrock Capital – a Singapore-based family investment office; Jayesh Parekh – co-founder of Sony Entertainment TV; and existing investor Unitus Seed Fund.
Milaap had earlier raised $250,000 in seed investments from Unitus Seed Fund, First Light Ventures, Vijay Shekhar Sharma (founder, One97) and Rajiv Madhok (founder, Oorja). Milaap’s platform has routed over $800,000 in loans impacting over 25,000 lives across 10 states.
Source: Yourstory.in
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 Firs…

Deal Alert: CashKaro to raise $750-K from UK angels

Cashkaro.com, a subsidiary of UK-based Pouring Pounds is to close its first round of funding of Rs 4.5-5 crore ($750,000) from a group of angel investors in London. Cashkaro is a cashback and coupon website which works with over 350 companies and has about 40,000 registered users.
Source: Business World
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.

Mega buyouts prop PE investments to $2.3 B in Q2’13; 6 month figure drops 19%

Manufacturing Cos grab a third of pie; Deal Volumes remain flat QoQ; Goldman steps on the Gas  

Private Equity firms invested about $2,330 million across 82 deals during the quarter ended June 2013, according to early data from Venture Intelligence (http://www.ventureintelligence.in), a research service focused on private company financials, transactions and valuations in India. The investment amount was 17.7% higher than that invested in the same period last year ($1,980 million across 114 transactions) and almost 2.3 times than that invested during the immediate previous quarter ($1,021 million being invested across 80 transactions). Note: The above figures do not include PE investments in Real Estate, the figures for which are here. Also the $1,260 M investment by Qatar Foundation in publicly listed Bharti Airtel has been excluded for the purpose of this analysis.  The latest numbers take PE investments in the first six months of 2013 to $3,351 million (across 163 investments) down …

PE Investments in Real Estate Perk up in Q2'13

Private Equity-Real Estate firms made 13 investments (amounting to $318 million across 12 deals with disclosed values) during the quarter ended June 2013, according to the data from Venture Intelligence. The volume of investments was a significant perk up from the seven investments in the same period in the previous year (which witnessed $172 million being invested across six transactions with disclosed values) and also the eight investments (worth $569 million) during the Jan-Mar 2013 quarter. However, PE-RE investments in the first six months of 2013 at 21 transactions ($887 million across 20 deals with disclosed values) are still down 16% compared to the 25 investments in the corresponding period in 2012 ($659 million across 22 investments).

Ascendas Trust's Rs.600 crore (about $110 million) acquisition of 2 million sq. ft of office space in Hyderabad from Phoenix Group was the largest investment during Q2’13. This was followed by Xander's Rs.280 crore ($52 million) investm…