Forbes India has an interesting profile of how Yogesh Mahansaria and his father - who had to leave off-road tyre maker Balkrishna Tyres post a family split - rebuilt a global business in the same space through a buyout of Israel-based Alliance Tire in partnership with Private Equity investor Warburg Pincus. (In April-2013, Warburg sold its stake in Alliance to fellow PE giant KKR at an
Monday, 30 September 2013
The Alliance Tire Story
Posted on 06:11 by Unknown
Forbes India has an interesting profile of how Yogesh Mahansaria and his father - who had to leave off-road tyre maker Balkrishna Tyres post a family split - rebuilt a global business in the same space through a buyout of Israel-based Alliance Tire in partnership with Private Equity investor Warburg Pincus. (In April-2013, Warburg sold its stake in Alliance to fellow PE giant KKR at an
Thursday, 26 September 2013
McDonald's Fracas with its Indian Joint Venture Partner
Posted on 22:25 by Unknown
From The Economic Times' feature on the unfolding legal battle between the fast food giant and Vikram Bakshi, its partner in the joint venture (Connnaught Plaza Restaurants) for Northern and Western India and how it's in stark contrast to its cozy relationship with its franchisee (and former JV partner) for West and South India, Hardcastle Restaurants.
McDonald's, globally, does not like to
Monday, 23 September 2013
Deal Alert: Seedfund invests in hotels software firm Axis Rooms Travel
Posted on 20:47 by Unknown
Seedfund has invested in Axis Rooms Travel Distribution Solutions, a maker of hotel room management software that enables hotels to update and share their inventory status with agents and online portals in real time. Axis was founded in 2009 by Anil Kumar Prasanna and Ravi Taneja, former employees of travel portal Via. Currently, online travel websites expect hotels that partner with them to
Sunday, 22 September 2013
Deal Alert: L'Oreal acquires skin care products maker Cheryl’s Cosmeceuticals
Posted on 20:55 by Unknown
Paris, France-based cosmetics and beauty products maker L'Oreal has acquired Mumbai-based Cheryl's Cosmeceuticals, marking L’Oreal’s first acquisition in the Indian market. Cheryl's Cosmeceuticals, founded in 1986 by Oscar and Cheryl Pereira, has a distribution network spanning over 10,000 salons in India and a turnover of approximately Rs 20 crore.
The acquisition will broaden L'Oreal’s
Deal Alert: responsAbility acquires minority stake in Punjab Renewable Energy Systems
Posted on 20:52 by Unknown
Switzerland-based responsAbility Investments has picked up a minority stake in Mumbai-based Punjab Renewable Energy Systems (PRES), an organised fuel aggregation and supply companies focused on agriculture residue. responsAbility will receive a board seat as part of the deal. This investment will be used for PRES’ proposed expansion into new locations in India and abroad. Intellecap acted as
Saturday, 21 September 2013
The Rise of Cash Logistics Firms
Posted on 05:51 by Unknown
From a Businessworld article:
The
big four in the business — CMS, Brinks, SIS-Prosegur and Writers —
share 80 per cent of the market between them and, on an average, cart Rs
20,000 crore in cash daily. Which means, in a year, it is a whopping Rs
73 lakh crore. Add all cash logistics firms (CLF) and it is Rs 91.25
lakh crore. A caveat: it does not mean that goods and services of
Thursday, 19 September 2013
Deal Alert: Printland raises Rs 5-Cr from SIDBI and others
Posted on 21:06 by Unknown
Delhi-based web to print solutions company Printland has raised Rs 5 crore in the form of debt and equity from Small Industries Development Bank of India (SIDBI) as well as existing investors Evista Venture Capital and Sanjeev Kakar, co-founder of startup incubator Aegis Centre for Entrepreneurship.
The company will use the funding to acquire specialised equipment and to expand solutions to
Deal Alert: Jafco, Nexus invest $5.5 M in Series B round of social media tools firm Unmetric
Posted on 21:05 by Unknown
Social media intelligence platform Unmetric has raised $5.5 million in Series B financing led by new investor JAFCO Asia with participation from existing investor Nexus Venture Partners. Unmetric raised $3.2 million in Series A funding led by Nexus Venture Partners in April 2012.
Unmetric offers social media benchmarking tools for C-suite executives and marketing professionals.
Source:
Tuesday, 17 September 2013
Deal Alert: Helion, Kalaari invest $10-M in Series B for training & certification firm Simplilearn
Posted on 20:54 by Unknown
Simplilearn, a provider of online training and professional certification courses, has raised $10 million in Series B funding from Helion Venture Partners and Kalaari Capital. The funding will allow the company to diversify and expand its course catalog to add more categories, focus on improving customer engagement by adding local team members in the US, UK, Australia and the Middle East, and
Monday, 16 September 2013
Deal Alert: Hyderabad Angels leads $200-K round for experiential travel site Thrillophilia
Posted on 21:04 by Unknown
Bangalore-based online experiential travel marketplace Thrillophilia has attracted $200,000 in a round led by Hyderabad Angels. iLabs Venture Capital Fund, Navlok Ventures and CIIE (part of IIM-A) have also participated in the round.
Thrillophilia lists over 400 activity-based tours and more than 1,000 off-beat travel experiences. Founded in 2009, Thrillophilia is present in 72 cities and
Deal Alert: Micro Housing Finance Corporation raises Rs.35-Cr from Unilazer, existing investors
Posted on 21:03 by Unknown
Mumbai-based Micro Housing Finance Corporation (MHFC) has raised INR 35 crore in fresh equity from Unilazer Ventures and existing investors including India Financial Inclusion Fund and Michael & Susan Dell Foundation. The latest investment takes the total capital raised by MHFC to over INR 77 crore. It has raised a similar amount in debt.
MHFC lends amounts upto INR 5 lakh comprising not
Deal Alert: RVCF invests in N1 Media Consultancy Pvt. Ltd
Posted on 05:06 by Unknown
N1 Media Pvt Ltd engaged in the business of providing content in the field of news and sports videos to television channels apart from “Mobile” and “Online” markets raised undisclosed growth equity from RVCF (Rajasthan Venture Capital Fund).
N1 Media is in the business of providing compelling and authoritative video content and ensuring its fast and efficient multi-platform delivery with
Thursday, 12 September 2013
Deal Alert: SIDBI Ventures invests Rs.25-Cr in Glocal Health
Posted on 21:11 by Unknown
SIDBI Venture Capital, via its Samriddhi Fund, has invested Rs.25 crore in Kolkata-based Glocal Healthcare Systems Pvt Ltd. PXV Law Partners and Kochhar & Co were advisors to the deal.
Glocal has taken up a two-year and Rs 400-crore project for setting up 50 affordable new secondary hospitals in rural and semi-urban areas across six States. The project would be funded through equity and
Deal Alert: Stresed assets e-auctioneer NPASource.com raises funds from SIDBI
Posted on 21:08 by Unknown
Ahmedabad-based Atishya Technologies Pvt Ltd, which runs NPASource.com, a portal focusing on resolution of stressed assets has received funding from the Small Industries Development Bank of India (SIDBI).
The portal aims to undertake over Rs 600 crore worth of e-auctions of various banks’ non-performing assets in 2013-14. The portal is already empanelled with 9 banks for conducting
Deal Alert: O&M acquires digital marketing firm PennyWise
Posted on 21:06 by Unknown
Ogilvy & Mather is to acquire a majority stake in Hyderabad-based digital marketing company PennyWise Solutions. Started by five alumni of the Birla Institute of Technology and Science (BITS), PennyWise Solutions specialises in custom application development, Web development, digital advertising, social media monitoring and data analytics. Clients of the firm include Vodafone India, Johnson &
Deal Alert: IAN invests in automatic dosa machine maker Dosamatic
Posted on 21:05 by Unknown
Indian Angel Network members Hari Balasubramaniam and P Gopinath have invested in Chennai-based Mukunda Foods, a design & development start-up that makes Dosamatic, a table top Dosa making machine. Mukunda Foods is also an IAN incubatee company, which graduated from the IAN Incubator and raised investment.
Mukunda foods was founded by Eshwar K Vikas & Sudeep Sabat in May 2012 while they
Tuesday, 10 September 2013
Deal Alert: Web domains firm Directi to be acquired by US-based Endurance Intl for $110-M
Posted on 21:09 by Unknown
US-based Endurance International, owner of Domain.com and HostGator, will spend up to $110 million in buying Mumbai-headquartered Directi, India’s largest domain registrar. Endurance plans to raise up to $400 million in a Nasdaq IPO and part of the funds will be spent on buying Directi. The acquisition depends on a number of targets related to the IPO and Directi’s revenue performance.
The
Deal Alert: RVCF invests in Chandigarh based Food Processing Co Chatha Foods Pvt. Ltd
Posted on 03:42 by Unknown
Chatha Foods Pvt Ltd which is India’s leading Frozen and Ready to Eat (RTE) meat foods manufacturer raised undisclosed growth equity from RVCF (Rajasthan Venture Capital Fund).
Chatha Foods retails an array of RTE & Frozen Meat products under the Brand “Swiss Naturen”.It is also the largest supplier of frozen chicken products to Domino’s,Subway,Papa Johns and several other leading QSRs in
Monday, 9 September 2013
Deal Alert: Online food marketplace Langhar bags $150-K in ARK challenge
Posted on 21:10 by Unknown
Delhi based Langhar, which allows people to buy and sell home cooked food online, has secured a funding of $1,50,000 from ARK Challenge, a startup boot-camp. Earlier, Langhar raised $20,000 of seed money from TLabs as part of its third batch.
Langhar was started in November 2012 by Karanpreet Singh, Pankaj Sharma, Sunil Kumar and Pawan Saini. It currently offers its services in Delhi. People
Saturday, 7 September 2013
Story of Education Loans Firm Credila
Posted on 02:33 by Unknown
From the Business Today article:
Credila started operations in March 2008, two months after DSP Merrill
Lynch invested in the company. From March 2008 until HDFC bought out DSP
Merrill, Credila had disbursed only Rs 20 crore. Since then it has
sanctioned more than Rs 2,000 crore and disbursed nearly half that
amount. The big surprise was in 2012 when Credila received more than
90,000
Thursday, 5 September 2013
Deal Alert: TLabs announces a new batch with 9 startups
Posted on 21:26 by Unknown
Accelerator TLabs has announced its Fall 2013 batch of nine start-ups. With this batch, the accelerator - an initiative of Times Internet - takes its portfolio count to 23. The latest start-ups are:
BetaGlide
A cloud-based platform for mobile application developers and testers which enables them to test the apps in a real time environment.
JiffStore
A mobile commerce start-up that helps
Wednesday, 4 September 2013
Deal Alert: To The New acquires S’pore-based social media monitoring software firm ThoughtBuzz
Posted on 21:22 by Unknown
Mumbai-based digital media company To The New has acquired Singapore-headquartered social media analytics company Thoughtbuzz. The acquisition will allow To The New to integrate social media analytics into its digital services portfolio thus expanding its digital ecosystem to marketing, content, technology and analytics.
ThoughtBuzz provides social media intelligence services for Toyota, Air
Deal Alert: Networkplay acquires advertising platform yoCAPTCHA
Posted on 21:20 by Unknown
Ad network player Networkplay has acquired yoCAPTCHA, an ad platform by Innovese Technologies. Following the deal, Innovese co-founders Dhruv Sogani will head Business Development at Networkplay and Ankit Gupta will join as Head of Technology. Launched in 2011 by Innovese, yoCAPTCHA is an advertising platform that transforms difficult to read CAPTCHAs into ad units. The company claims that it
Deal Alert: Coupons aggregator Zoutons raises Rs.20 Lakh from 3.14 Digital
Posted on 21:19 by Unknown
Delhi-based Zoutons Digital Media Company, which owns and operates the online coupons aggregation site Zoutons.com, has raised Rs 20 lakh in seed funding from digital marketing company 3.14 Digital. The startup was also incubated by 3.14 Digital. The funds raised will be used to enhance the technology.
Source: Press Release
Venture Intelligence is the leading provider of data and
Deal Alert: Mumbai Angels, Venture Nursery angels invest Rs.50 Lakh in social e-com firm Klip
Posted on 21:17 by Unknown
Mumbai-based social ecommerce startup Klip.in has raised Rs.50 lakh funding from Venture Nursery and Mumbai Angels. The company helps users discover unique lifestyle products from across the web by aggregating and curating them based on their social connections and interest graph.
From the Venture Intelligence Incubation Database: Klip was part of VentureNursery’s second batch that concluded
Monday, 2 September 2013
Deal Alert: CCube Angels to invest Rs.4.5 Cr in small towns focused e-tailer edabba.com
Posted on 21:29 by Unknown
Singapore-based angel investing group CCube Angels has agreed to buy a minority stake for INR 4.5 crores in Delhi-based 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 – and is supported by over 400 contact centres offering after sales service.
Deal Alert: Gurgaon startup enMarkit in S’pore’s JFDI accelerator
Posted on 21:28 by Unknown
Gurgaon-based enMarkit, a social commerce startup, is among ten startup teams that joins Singapore-based accelerator JFDI Asia’s latest batch. The accelerator offers S$15,000 in net cash investment, over S$100,000 in technical facilities, office accommodation, mentoring and an introduction to more than 100 active early-stage investors, in return for equity stakes in the companies.
enMarkit,
Sunday, 1 September 2013
Deal Alert: Ahmedabad startup Gridle in iAccelerator 2013 batch
Posted on 20:53 by Unknown
Ahmedabad-based cloud enterprise collaboration platform Gridle has been selected as an incubatee at IIM Ahmedabad’s startup accelerator programme iAccelerator, which closed applications for its 2013 batch about a month ago. Gridle was founded last year by Yash Shah, Abhishek Doshi and Anupama Panchal.
Gridle can be used to collaborate on projects in teams of 15-20, share files, assign tasks
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