The Venture Intelligence Blog

Matrix Partners India has invested as the sole investor in the first institutional round of funding for Shotformats Digital Works, a digital entertainment and distribution company that offers a mobile and internet bouquet of direct to consumer products under the ‘ Biscoot ’ brand. Shotformats Digital Works is a Singapore-headquartered digital distribution and new media company that develops digital platforms, products and content to reach audiences via varied online and offline distribution streams. Its portfolio of products includes movies (Biscoot Talkies), music (Biscoot Bajao), infotainment (Biscoot B-Now), apps (Biscoot App Bazaar), and pre-paid payment mechanism (Biscoot Batua). The company, co-founded by Niyati Shah, hopes to be present across 10,000 retailers by end of the year.  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. C...

IT service provider Yash Technologies has acquired Chennai-based SpectraSoft Technologies , a leading business solutions specialist for process industries and SAP channel partner. SpectraSoft has been serving customers in the life sciences, chemical, and food processing verticals since its inception in 2004. The acquisition of SpectraSoft will strengthen Yash's full service capabilities in these verticals.  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.

Mumbai-based mobile application development and distribution company AppsDaily (formerly Onward Mobility) has received a Series B round of INR 31 crore from new investor Ru-Net and existing investors IndoUs Ventures and Qualcomm Ventures. AppsDaily plans to utilize these funds to expand its product offering, retail distribution reach and for hiring key employees. The company also plans to expand to more than 200 cities in India in the next 12 months and is also planning to start operations in other emerging markets.  The company had earlier raised INR 18 crore in 2011 from IndoUS Venture Partners and Qualcomm Ventures and INR 5 Crore in 2010 from the Mumbai Angels. As part of the latest deal, Maria Krajukhina of Ru-Net Limited has joined the company’s board. The other investor directors on the board are Vani Kola from IndoUs Venture Partners and Rajiv Dadlani from the Mumbai Angels, as well as Varsha Tagare from Qualcomm Ventures who serves as an observer.  Venture...

Sequoia Capital India has led a Rs 100 crore investment into Bangalore-based company Cloudnine, which runs a network of five specialty maternity care hospitals. Existing investor Matrix Partners India also participated in the round. Cloudnine will use the funds to set up 10 new centres over the next two years. The first one in Chennai will deliver services in maternal, neonatal, gynaecological and infertility care.  Cloundnine had raised Rs 45 crore from Matrix Partners in 2011. 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.

Gurgaon-based mobile advertising company SilverPush is among the 30 start-ups selected for the accelerator program of US-based 500 Startups. The company, founded by Hitesh Chawla and Mudit Seth, was earlier part of the GSF Accelerator.  Silverpush helps advertisers retarget the existing users over mobile and social networks. It provides advertisers an integrated dashboard to retarget and analyze their consumers across all screens. The company has built its own real-time bidding (RTB) platform for mobile, bidding on billions of ad requests a 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 Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

The Hue and Cry over onion prices hitting Rs.100 pr kg, made me revisit this Economic Times feature (written on Oct 1, when the prices were Rs.80 per kg) which had some revealing details on why the License-Permit-IT Raid Raj is alive and well. Extracts (emphasis mine): As it is, the number of traders in onion mandis is not increasing. In important onion markets, it adds, most commission agents and traders have been there for 10-15 and only one or two new licences have been issued . "Such long presence with each other in the market has helped them to develop mutual understanding and gives undue advantage to these established trading firms in the onion trade," says the report. It's anomalous that though most of the produce enters the onion mandis between October and February, this is when prices are highest. This suggests, says the report, that "other exogenous factors like hoarding, market cartels, etc are influencing onion prices." According to Himanshu, sinc...

Tata Capital Innovations Fund, managed by Tata Capital, along with existing investors India Innovation Fund and Accel Partners, will invest about Rs 40 crore in the Series B funding for Bangalore-based cancer care provider Mitra Biotech. The deal values the firm at about Rs 200 crore. Founded by a team of medical researchers from the MIT and Harvard Medical School, Mitra Biotech works with top oncology institutes to determine the optimal drug or combination of drugs for patients. This helps reduce the overall treatment cycle and toxicity of conventional cancer medicines. The latest round of funding will be used to scale operations, expand globally and strengthen the business development and research teams. Masterkey Holdings acted as the exclusive financial advisors to Mitra Biotech for the transaction.  From the Venture Intelligence PE Deal database: In April 2010 Accel India and Kitven had invested $1 million and in November 2010 India Innovation Fund had invested $ 0....

Tata Capital Limited, via Tata Capital Special Situations Fund, has invested INR 32 Cr in Chennai-based IFMR Rural Channels and Services Private Limited (IRCS). In March 2012, IRCS had raised funding from Lok Capital and Proparco. The latest investment will help IRCS scale its business in its current areas of operation, in addition to expanding its reach to newer geographies. IRCS is in the business of origination and distribution of financial products and services with the goal of complete financial inclusion in remote rural India. At present, the KGFS network has more than 185 branches that cater to around 350,000 individuals across Tamil Nadu, Orissa and Uttarakhand state, covering around 4200 remote rural villages.  Source: Press Release 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 i...

SkillWiz , a career assessment company has raised funding from Mumbai Angels and other angel investors from India and Singapore. The firm will use the funds for product development, hiring talent, and for sales and marketing.  Mumbai Angels has also invested in Pune-based startup MangoSense , which allows users to create, share and learn from stories on mobile and web platforms using simple tools.  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.

Mumbai-based digital advertising platform Komli Media has raised $30 million from Peepul Capital with participation from existing investors Norwest Venture Partners, Nexus Venture Partners Helion Venture Partners and Draper Fisher Jurvetson. The company, which has now raised over $90 million in PE investment, will invest further in technology, especially in data analytics.  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.

The online teleshopping arm of Network 18, Homeshop18, has closed$14 million in a new round of funding led by existing investors - Korean home shopping major, GS Home Shopping (GS), OCP Asia Ltd (OCP Asia) and Network18. GS is investing $11 million while OCP Asia and Network18 will invest the rest. The new funding will now value HomeShop18 at$360 million. Network18 will remain the majority shareholder in HomeShop18 with 51% stake. BMR Advisors acted as transaction advisors to the company. The new funding comes in few months after OCP Asia Ltd. (OCP Asia), along with Network18 had invested $15 million each in the company. Previously, Homeshop18 had raised $18.6 million in funding from investors including SAIF partners in July 2012. In 2009, GS Home Shopping, along-with Network18 had injected $23.5 million in Homeshop18. HomeShop18 claims to have acquired a customer base of 7.5 million with a portfolio of over 12 million SKUs across multiple product categories at over 3,000 locati...

Intel Capital has invested in Mumbai-based Perpetuuiti Technosoft and Bangalore-based Savaari Car Rentals . Perpetuuiti Technosoft offers real-time visibility and availability management of business continuity planning/disaster recovery (BCP/DR) infrastructure. With this investment the company plans to expand its reach outside India and take their BCP solution to Africa and USA. Savaari Car Rentals is an online car rental company, offering car rentals across 60 cities in India to both retail and corporate customers. Savaari will use this funds to rapidly scale and expand its operations in India. The company had previously raised INR 5 Cr funding from Inventus Capital.  Source: Press Release , 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: I...

Accounting and consulting firm RSM Astute Consulting Group has acquired a majority stake in General Carbon , a sustainability and energy advisory service company, which now becomes a subsidiary of RSM in India and will be called RSM GC Advisory Services. General Carbon, promoted by P Ram Babu, provides strategic, technical and financial services across major energy and environmental commodity markets.  The firm has helped governments and multilateral agencies define policies on sustainable development and plans to address environmental issues. RSM Astute Consulting is the Indian member of RSM International, the seventh largest network of independent audit, tax and advisory firms in the world with an annual combined fee income of $4 billion.  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...

Bangalore-based travel start-up Mygola has raised $1.5 million in a Series A funding round led by Helion Venture Partners with participation from existing investor Blumberg Capital. The firm plans to use funding to expand presence in the US, testing marketing channels and growth. Ashish Gupta of Helion has joined the board of the company. Mygola helps travelers discover travel itineraries that are customizable and instantly bookable. Travelers can tweak itineraries and Mygola’s patent-pending algorithms take care of the logistical details. The portal has created patent-pending algorithms to convert any blog/article into an itinerary and to find the perfect route for a trip. The platform covers more than 20,000 destinations worldwide. The company had earlier raised $1 million funding from 500Startups and Blumberg Capital. Source: NextBigWhat.com Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, ...

Bangalore-based education start-up K2 Learning Resources has raised INR 8 crore in angel funding. Founded in 2010 by Sripal Jain, K2 offers professional commerce education in areas like chartered accountancy and company secretary programme, through offline classes and also through online help and content. The firm plans to use the angel funding to set up tablet-labs in 100 colleges. The tablets would be loaded with online coursework, games and activities and other data relevant to commerce students. The firm is also planning to invest in content development and acquire similar businesses. 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.

India Quotient has invested Mumbai-based Wishberg , an online platform that enables users to share their product experiences and create wish-lists. Wishberg, founded by Pravin Jadhav and Kulin Shah, aims to allow users to share product and purchase intents, and discover reviews and experiences based on them. The company was previously known as Tyche’d and had launched an alpha version in July 2012, before rebranding to the current avatar. It has product listings from various categories like travel, cars, bikes, gadgets, electronics and real estate and local information across countries including India, Canada, Australia, Indonesia, Malaysia, UK and the US.  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 including the Free Deal Digest Weekly: India's First & ...

Seed stage VC investor India Quotient has invested in InBetween , a quick food startup that specializes in sandwiches. InBetween has three outlets in Mumbai – at Kalina, Powai and Mahakali Caves Road.  From the Venture Intelligence PE Deal database: The deal was completed in July 2013. Promoted by Haraka Food Pvt Ltd, InBetween also attracted a co-investment from Unilazer Ventures. Abhishek Shah of Unilazer and Madhukar Sinha of India Quotient had joined the company’s board.  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 including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

Silver Lake via its growth capital fund, Silver Lake Kraftwerk, is leading a INR 250 crore funding round for a significant minority stake in Eka Software Solutions, a Bangalore-based provider of software for commodity trading. This round values Eka Software at an estimated INR 700 crore. The company has previously raised about $16 million (INR 95 crores) from Nexus Venture Partners along with Thailand-based GP Group. The latest investment comes on the back of two global acquisitions by Eka. In July, the company acquired Australia-based commodity handling software vendor MatrixGroup and in April, it had acquired Canada-based EnCompass Technologies, a provider of energy transaction and risk management solutions.  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 includ...

Data security solutions company Druva has raised $25 million in Series C funding led by US-based Tenaya Capital with participation from existing investors Sequoia Capital India and Nexus Ventures. Tom Banahan, Managing Director of Tenaya Capital, has joined the company’s board. Druva will use the new funds to support R&D, expand global sales and marketing and cloud infrastructure to support new deployment.  Druva, founded in 2007, has over 2,100 customers and protects 1.7 million endpoints. It is also expected to employ 200 people by the end of the year, up from 124 at the end of 2012.   From the Venture Intelligence PE Deal database: Druva had raised $2.72 million in Mar-10 from Sequoia Capital India and the Indian Angel Network (including Rehan yar Khan and Sharad Sharma) and another $1.79 million tranche in Feb-11 from the same investors. In Aug-11, Nexus Venture Partners joined Sequoia for a $9.5 million round. (Subscribers to the database can login to view the ...

Unbxd, a Bangalore-based startup focused on product recommendation, has raised a Series A round of $2 million (Rs 12.4 crore) from Inventus Capital Partners and IDG Ventures India. The funds will be used by Unbxd to strengthen its presence in Singapore and in the North American markets, while a substantial portion will also be used towards furthering its research and development efforts.  This is the second round of institutional funding for the two-year-old startup, which had raised funding from Indian Angel Network in 2012. Unbxd's proprietary product recommendation platform, SmartEngage, provides search, navigation, merchandising and analytics solutions for e-commerce ventures, making it easier for them to showcase targeted and relevant products and recommendations for consumers.  Source: Economic Times   Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M...

Aarin Capital, Accel Partners, IDG Ventures as well as Karnataka state government-backed KITVEN have invested INR 27.5 crore in Bangalore-based biopharma company Theramyt Novobiologics. Theramyt is developing therapies for cancer, rheumatoid arthritis and diabetes and will use the funding on research and development, hiring talent and infrastructure. Theramyt is the second venture for scientists-turned-entrepreneurs Sohang Chatterjee and Kavitha Iyer Rodrigues. Their earlier biotech venture Inbiopro was acquired by Indian drug maker Strides Arcolab in 2012. 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.

JustUnfollow, a provider of a Twitter management app, has acquired blog migration tool JustMigrate and social discovery app 3Crumbs, both developed by Borget Solutions. The founders of Borget Solutions will be joining JustUnfollow. The company sees this acquisition as a move to help the JustUnfollow’s next growth phase both in terms of people and products. The products will exist independently for a while before the company integrates them into JustUnfollow in a phased out manner.  3Crumbs is a social discovery app that allows users to share interesting products for sale in any locality in their city. This information is available to other users of the app who may be looking for a similar product or products in a certain locality.  JustMigrate on the other hand, is a tool that was developed to help users of Posterous to migrate onto other platforms such as Tumblr when Posterous shut down a few months ago.  Source: Medianama Venture Intelligence is the...

E-commerce leader Flipkart received an additional $160 million from new investors Morgan Stanley Investment Management, Dragoneer Investment Group, Sofina and Vulcan Capital as well as existing investor Tiger Global. The latest investments takes the total amount raised in the fifth round of funding to $360 million. Flipkart had earlier raised $200 million from existing investors including Naspers. The funds will be used to further build Flipkart's technology and supply chain capabilities, develop the talent pool and enhance the end-user experience.  Flipkart's other investors include Accel Partners and ICONIQ Capital. Flipkart has raised close to $400 million in four rounds of funding so far. Flipkart offers products across more than 17 categories like books, apparel, footwear, toys, accessories, sports and fitness and e-Books.  Source: Economic Times   Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transac...

Apax Partners has acquired US- and India-based, VC-backed outsourced product development firm GlobalLogic for $420 million (Rs 2,578 crore). Founded in 2001 as IndusLogic, GlobalLogic, founded by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay, has development centres in India, Ukraine and Argentina.  It reported around $250 million is sales. The valuation is reportedly more than ten times its operating profit. The firm had appointed JP Morgan to find a buyer after shelving IPO plans. GlobalLogic, with 6,500 employees, will operate as an independent entity and its current CEO Shashank Samant will continue to head the business. Two years ago, Apax backed iGate Corp to buyout Patni Computer for $1.2 billion.  From the Venture Intelligence PE Deal database: In February 2008, NEA, Sequoia Capital India and New Atlantic Ventures had invested $29.50 million in GlobalLogic. In April 2010, Goldman Sachs had invested additional capital in the company.  ...

Sequoia Capital India has invested $4 million (INR 24.7 crore) in Idea Device , a Bangalore-based process automation startup. Founded by former Oracle executives Saju Pillai and Aaditya Sood in 2009, Idea Device will use the funding to expand in markets such as US and Singapore and also to hire talent and expand its product suite.  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.

Bangalore-based Suvision Holdings Pvt Ltd, which runs financial education company, IndianMoney.com has raised funding from Hyderabad Angels. Pradeep Mittal, former head of Magna infotech's Indian operations, has joined the company’s board. VertExperts Consulting LLP is the other investor in the company.  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.

Mobile advertising platform Pokkt has raised funding from Jungle Ventures and Samir Bangara, the Co-Founder & Managing Director of Qyuki. Pokkt is an alternate mobile payment platform for people wanting to sell digital goods and services through an ad funded model.  From the Venture Intelligence Incuabtion Deal database: In October 2012 Pokkt was incubated by GSF Accelerator. The company received $28,000 in funding and stand a chance at an investment of up to $3 million from GSF Superangels.  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.

Ahmedabad based Evomo Research & Advancement Pvt. Ltd , a rural transportation enterprise, has raised funds from IIM Ahmedabad’s Centre for Innovation Incubation & Entrepreneurship (CIIE). The company will use the funds to refine its business model, develop new strategies and begin taking pre-orders. Evomo, launched in 2010 Abhinav Das, designs and manufactures low-cost Rural Utility Vehicles (RUV) to replace illegal and dangerous transportation contraptions like Jugaads and Chakkdas.  From the Venture Intelligence Incuabtion Deal database: In January 2013 IAN Incubator incubated Evomo Research & Advancement which was earlier incubated at the National Institute of Design.  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 Dea...

FMCG firm Godrej Consumer Products Ltd (GCPL) entered the hair salon segment with the acquisition of 30% stake in Mumbai-based premium hair salon chain B:Blunt Hair Dressing Pvt Ltd. B:Blunt hair salon chain in run by siblings Adhuna Bhabani Akhtar and Osh Bhabani. Started in 2005, it has 17 outlets spread across Mumbai, New Delhi, Hyderabad, Pune, Indore Bangalore and Dubai. GCPL’s current hair care business is spread across the hair colour, hair dye, mehendi and hair oil products.  Source: Press Release 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.

Holiday Deals Pvt Ltd, a Nagpur-based firm that runs social travel network Touristlink.com , has joined Kenya-based accelerator 88mph (88mph.ac). The start-up, founded by David Urmann and Jayesh Bagde, has also raised funds from a few angel investors as well.  The company will use the funds to develop the portal and establish presence in the African market, besides marketing the service in India. Touristlink, founded in 2011, provides information regarding local tour operators, small hotel owners and travel agents. 88mph provides early-stage web/mobile companies with up to $100K in funding through a 3-month startup accelerator program.  Source: Tech Crunch 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 Transac...

Mumbai-based P&P Associates, which runs online portal Dwll.in , has been selected for incubation by Chandigarh-based The Morpheus. Dwll allows home and business owners to choose interior designers through its platform and releases customer money to the selected designer in three stages during the execution of the project. The firm, founded by Pankaj Poddar and Parikshat Hemrajani, is currently working on 25 projects worth about INR 2.5 crore.  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.

New Delhi-based Swarna Pragati Housing Microfinance has received primary infusion equity of INR 210 million led by Aavishkaar Goodwell, a financial inclusion fund. Existing investor Asia Pragati, a NBFC backed by PAG (Pacific Alliance Group), which holds majority stake in Swarna Pragati, has also participated in this round. Set up and promoted by bankers led by A. Ramesh Kumar, former CGM, State Bank of India, Swarna Pragati Housing Microfinance has a portfolio of INR 18.5 crore. Operational since 2011, the company has built a customer base of over 3,000 borrowers, and targets to cater to one lakh households by 2018.  Source: Press Release   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...

Matrix Partners India today announced that it has acquired a significant minority stake in Stayzilla.com, as the sole investor in the first institutional round of equity funding for the Company. Stayzilla.com operates an online platform to research and reserve “value hotels” in more than 750 cities across India. “The online hotel booking industry has been at a nascent stage for the last few years. It is now at an inflection point and I expect 40% of all hotel bookings in India to be done online within the next 5 years. The capital raised will be used to strengthen the team, increase our network to over 15,000 hotels and enhance our customer service operations. We are confident that with IAN and Matrix, we have a winning combination of investors and guides.” said Yogi Vasupal, co–founder and CEO of Stayzilla.com .  Ravindra Krishnappa, Board Representative – IAN said “We, at IAN, are very pleased with this development. This is endorsement of both our belief in the Stayzil...

Economic Times has a feature on SKS Microfinance and the company's founder Vikram Akula pegged on the recent move by SKS Trust which holds a 12.6% in the publicly listed company to nominate Akula to its board. 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.

IT deals claim 45% of pie; Buyouts in Manufacturing on the Rise Private Equity firms invested about $1,300 million across 75 deals during the quarter ended September 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 67% lower than that invested in the same period last year ($3,910 million across 126 transactions) and less than half that invested during the immediate previous quarter ($2,661 million invested across 109 transactions). Note: The above figures do not include PE investments in Real Estate. The latest numbers take PE investments in the first nine months of 2013 to $5,059 million (across 281 investments) down 38% compared to the corresponding period of 2012 ($8,152 million across 373 investments). There were only two PE investments worth over $100 million during Q3’13 compared to five such transactions in t...