Articles from VCCircle

1. News Roundup: RIL Says No To Assume LyondellBasell Debt

   Explore Article VCCircle (Dec 8 2009) Acquisition

   M&M To Consolidate Auto Components Biz - Mahindra Systech, the component arm of Mahindra & Mahindra (M&M), plans to consolidate its auto component units into a single entity. Companies like Mahindra Forgings, Mahindra Composites, Mahindra Castings, Mahindra Gears and Mahindra Ugine will all be wrapped up into one company Systech. M&M would hold 55-60% in the consolidated entity and the consolidation is likely to happen in less than 3 years time. (DNA) Alok Retail To Raise PE Fund - Alok Retail is in the final stages in raising finance from PE firms for it expansion plan. The fund will be ... (Read Full Article)
   

   Comment on Article Mentions:   RBS   Alok Retail   Air India

2. Intel Capital To Park More Money In BRIC Markets

   Explore Article VCCircle (Dec 7 2009) Acquisition

   Intel Capital, the corporate venture capital arm of Intel, the world's largest-chip maker, has invested $9.5 billion in 1,050 companies till now. The VC arm of Intel had a relatively slow year (2009) with startups hesitating to raise equity due to fears of lower valuations in a downturn. But, the firm is expecting a better deal year in 2010 and is eyeing opportunities in the emerging BRIC (Brazil, Russia, India and China) markets, says Arvind Sodhani, president, Intel Capital and Ex-VP, Intel Corporation. In an interview with VCCircle on the sidelines of the Intel Capital CEO Summit 2009 in Huntington ... (Read Full Article)
   

   Comment on Article Mentions:   Intel Capital India   Shrija Agrawal   Intel

3. News Roundup: JSW Energy Ropes In 7 Anchor Investors For IPO

   Explore Article VCCircle (Dec 6 2009)

   JSW Energy Ropes In 7 Anchor Investors For IPO - JSW Energy has roped in Eton Park International, Reliance Capital, Deutsche Securities, Credit Suisse, Valiant Mauritius Partners, Highfields Capital Management and Valiant Mauritius Partners Offshore for the initial public offer (IPO) of shares. The price band of the IPO will be Rs 100-115 a share to collect up to Rs 2,700 crore to part-finance expansion plan and repayment of debt. It intends to raise up to Rs 465 crore from anchor investors. (Economic Times) GMR Raising Rs 13,000 Cr For Power, Road Projects - GMR Infrastructure is raising Rs 13,000 ... (Read Full Article)
   

   Comment on Article Mentions:   Economic Times   Axis Bank   Idfc

4. Elephant Capital Puts $10M In Global Cricket Ventures

   Explore Article VCCircle (Dec 3 2009)

   AIM-listed private equity fund Elephant Capital has picked up a 50% stake in Global Cricket Ventures Ltd (GCV) for $10 million. GCV owns the exclusive licenses for digital and mobile rights to the Indian Premier League (IPL). Elephant has also announced appointment of Pramath Raj Sinha as its chairman, replacing Sir Peter Burt. Sinha was a partner with McKinsey and has been MD and CEO of media conglomerate ABP Group. He is currently founder and managing director of 9.9 Mediaworx Pvt. Ltd. Mauritius-based GCV has the key digital rights to Champions League Twenty20 until 2017. The investment will be made ... (Read Full Article)
   

   Comment on Article Mentions:   IPL   Gaurav Burman   Global Cricket Ventures Ltd

5. News Roundup: Indian Founder Buys Mitsubishi Stake In Eicher Motors

   Explore Article VCCircle (Dec 2 2009) Acquisition

   Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Reliance Media World To List On BSE, NSE - Anil Ambani’s Reliance Media World, will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Reliance Media World demerged from Reliance MediaWorks (Adlabs Films) earlier this year and shareholders were allotted 46 million shares in the ratio of 1:1, at a face value of Rs 5. (Business Standard) VLCC On Rs 400 Cr Expansion Plan ... (Read Full Article)
   

   Comment on Article Mentions:   Economic Times   Bombay Stock Exchange   Air India

6. News Roundup: Reliance Media World To List On Bse, Nse

   Explore Article VCCircle (Dec 2 2009)

   Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Reliance Media World To List On BSE, NSE - Anil Ambani’s Reliance Media World, will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Reliance Media World demerged from Reliance MediaWorks (Adlabs Films) earlier this year and shareholders were allotted 46 million shares in the ratio of 1:1, at a face value of Rs 5. (Business Standard) VLCC On Rs 400 Cr Expansion Plan ... (Read Full Article)
   

   Comment on Article Mentions:   Economic Times   Bombay Stock Exchange   Air India

7. News Roundup: DLF Plans Singapore Listing Of DAL

   Explore Article VCCircle (Dec 2 2009)

   Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Reliance Media World To List On BSE, NSE - Anil Ambani’s Reliance Media World, will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Reliance Media World demerged from Reliance MediaWorks (Adlabs Films) earlier this year and shareholders were allotted 46 million shares in the ratio of 1:1, at a face value of Rs 5. (Business Standard) VLCC On Rs 400 Cr Expansion Plan ... (Read Full Article)
   

   Comment on Article Mentions:   Economic Times   Vlcc   Air India

8. News Roundup: Bharti Airtel's Foreign Acquisitions On Hold

   Explore Article VCCircle (Dec 2 2009) Acquisition

   Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Reliance Media World To List On BSE, NSE - Anil Ambani’s Reliance Media World, will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Reliance Media World demerged from Reliance MediaWorks (Adlabs Films) earlier this year and shareholders were allotted 46 million shares in the ratio of 1:1, at a face value of Rs 5. (Business Standard) VLCC On Rs 400 Cr Expansion Plan ... (Read Full Article)
   

   Comment on Article Mentions:   Air India   Economic Times   Airtel

9. Senior Associates Investment Advisory - Intellecap

   Explore Article VCCircle (Dec 2 2009)

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   Comment on Article Mentions:   Investment Advisory   Intellecap

10. Senior Associate Investment Advisory - Intellecap

    Explore Article VCCircle (Dec 2 2009)

    v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Experience/ Education: MBA (Finance) from a premier B-School / Chartered Accountant 3-5 years in Investment Banking Skills: Sound knowledge of finance and spreadsheet modeling as applied to Investment Advisory; Excellent communication skills; Track record of independently closing investment transactions on the buy and/or sell side; Strong network with venture capital funds/private equity investors; Experience of leading a team of professionals; Understanding ... (Read Full Article)
    

    Comment on Article Mentions:   Investment Advisory   Intellecap

11. News Roundup: Tata-Quippo To Rope In PEs For Aircel Tower Buy

    Explore Article VCCircle (Dec 1 2009) Acquisition

    Tata-Quippo To Rope In PE Cos To Fund Aircel’s Tower Buy - Tata-Quippo is likely to rope in two private equity players to finance in the acquisition of Aircel’s tower assets. The deal will have a ticket size of $1.2 to $1.5 billion (approximately Rs 5,572 crore to Rs 6,965 crore) with $700 million to $1.2 billion coming from the PE players. New York-based private equity fund Apollo Management may be one of the two private equity partners. The other one will be chosen from General Atlantic and Carlyle. The PE players could hold close to a third of the ... (Read Full Article)
    

    Comment on Article Mentions:   Aircel   FDI   DB Corp

12. News Roundup: BSNL Puts Zain Acquisition On Hold

    Explore Article VCCircle (Dec 1 2009) Acquisition

    Tata-Quippo To Rope In PE Cos To Fund Aircel’s Tower Buy - Tata-Quippo is likely to rope in two private equity players to finance in the acquisition of Aircel’s tower assets. The deal will have a ticket size of $1.2 to $1.5 billion (approximately Rs 5,572 crore to Rs 6,965 crore) with $700 million to $1.2 billion coming from the PE players. New York-based private equity fund Apollo Management may be one of the two private equity partners. The other one will be chosen from General Atlantic and Carlyle. The PE players could hold close to a third of the ... (Read Full Article)
    

    Comment on Article Mentions:   Bank of India   ABG Shipyard   Bloomberg

13. Consim Hives Off IndiaList, ClickJobs Into New Entity

    Explore Article VCCircle (Dec 1 2009)

    Consim Info Pvt. Ltd, the Chennai-based online services firm with flagship bharatmatrimony.com, has initiated a portfolio rejig. It has hived off online properties--ClickJobs.com, Indialist, IndiaAutomobile.com, etc. -- under a subsidiary called Perspi Interactive Pvt Ltd, for which it will look at raising funds. And, it has bunched profit-making websites such as matrimony and property under Consim itself. It is understood that Consim would look at listing the matrimonial and property websites in the next one or two years, and may also look at a pre-IPO round at a future date. Consim competes with the likes of Info Edge India Ltd, ... (Read Full Article)
    

    Comment on Article Mentions:   Info Edge India Ltd   Srikanth Narasimhan   Consim Info Pvt. Ltd

14. Consim Hives Off IndiaList, ClickJobs; To Raise Capital

    Explore Article VCCircle (Dec 1 2009)

    Consim Info Pvt. Ltd, the Chennai-based online services firm with flagship bharatmatrimony.com, has initiated a portfolio rejig. It has hived off online properties--ClickJobs.com, Indialist, IndiaAutomobile.com, etc. -- under a subsidiary called Perspi Interactive Pvt Ltd, for which it will look at raising funds. And, it has bunched profit-making websites such as matrimony and property under Consim itself. It is understood that Consim would look at listing the matrimonial and property websites in the next one or two years, and may also look at a pre-IPO round at a future date. Consim competes with the likes of Info Edge India Ltd, ... (Read Full Article)
    

    Comment on Article Mentions:   Info Edge India Ltd   Srikanth Narasimhan   Yahoo

15. What’s On India Launches TV Guide Channel

    Explore Article VCCircle (Nov 30 2009)

    Venture-backed What’s On India Media Pvt Ltd (WOIML) has launched the India's first consumer TV guide channel today. The channel, which is currently available to only Hathway users, will be fully operational by December 2009 and aims to reach 20 million homes by the first quarter of 2010. The Mumbai-based company has been backed by Sequoia Capital India and Nexus Venture Partners. Among other investors in WOIML include Julie Peterson, who was earlier with STAR TV in Hong Kong, besides ITV/GranadaMedia in the UK. She is a partner in the firm with around a 9.34% stake. The channel has an ... (Read Full Article)
    

    Comment on Article Mentions:   MTV   Wealth First Advisors   DTH

16. InstaHealth Raises Angel Funding After Series A

    Explore Article VCCircle (Nov 30 2009) Funding

    Mumbai Angels, a group of city-based angel investors, has invested an undisclosed amount in Bangalore-based Insta Health Solutions (IHS), a start-up company providing hospital IT solutions. It was in April that the company announced the raising of about $1 million from Inventus Capital Partners and a clutch of HNIs. An angel round of funding following an institutional series ‘A’ round of funding is quite uncommon. "This is a continuation of the first round of funding. We wanted to raise ‘X’ amount of funding, but could not raise it then, so we took this additional money from Mumbai Angels who have ... (Read Full Article)
    

    Comment on Article Mentions:   Rajiv Dadlani   Insta Health Solutions   Wipro

17. Reva Ready To Look At Growth Capital

    Explore Article VCCircle (Nov 30 2009)

    All elements appear to be in place for a multi-dimensional growth for Reva Electric Car Company, a Bangalore-based company formed as a joint venture between Maini Group of India and AEV LLC of California and backed by US investors Global Environment Fund and Draper Fisher Jurvetson (who have both invested $10 million each). When everyone in the world is talking about low-cost automobiles, after Nano became a reality, Reva, tucked away in Bangalore, is quietly experimenting with a plan that will potentially change the way automobile manufacturing is perceived. Reva is working on a platform technology that brings down the ... (Read Full Article)
    

    Comment on Article Mentions:   Global Environment Fund   NXR   Reva Electric Car Company

18. News Roundup: Aditya Birla Retail Mulls IPO

    Explore Article VCCircle (Nov 29 2009)

    Aditya Birla Retail Mulls IPO - Aditya Birla Retail is considering an initial public offer (IPO) and will time it as soon as it starts spinning profits. The company has not yet determined the amount of equity it would dilute. The company has charted a growth plan and plans to make itself a $2-billion entity by 2015-16. (Business Standard) IIIrd i To Raise Rs 20 Cr VC Fund - IIIrd i is planning to raise Rs 20 crore venture capital (VC) funding to fuel its proposed gadget retail stores chain concept ‘NowGadget’ which it plans to open in Hyderabad, Bangalore, ... (Read Full Article)
    

    Comment on Article Mentions:   3i Infotech   Economic Times   Kings

19. Buzzintown Eyes Profit Zone In Two Quarters

    Explore Article VCCircle (Nov 27 2009) Funding

    Buzzintown.com, a Bangalore-based local entertainment events portal which managed to attract series B funding from Intel Capital recently, is looking at adding new elements to the business. With over 1.4 million users and 10 million page views per month, Buzzintown has reached 19 cities in India. It claims to have an association with around 45,000 stake holders of the entertainment industry comprising event organisers, venue owners and production houses. In a quick chat with VCCircle, Amitabh Saran, co-founder and MD, Buzzintown, said, the fund would help the company to think of plan ‘A’ and plan ‘C’ apart from its core ... (Read Full Article)
    

    Comment on Article Mentions:   Amitabh Saran   Intel Capital India

20. Mumbai Angels Invests In Screampoint

    Explore Article VCCircle (Nov 26 2009) Acquisition

    Screampoint, which provides 5D digital city and digital building systems, has raised some funding from Mumbai Angels, a network of about 60 angels who invest in startups. A spokesperson confirmed this development to VCCircle adding that the investment has been made at its sweet spot of around Rs 1 crore. Screampoint was acquired by building information modeling firm Satellier last year but continues to operate as an independent entity. Screampoint allows clients to envision, communicate, design, construct, manage, and service their properties more effectively. Satellier, which is led by Michael Jansen, raised $10 million from Sequoia Capital India in 2007. ... (Read Full Article)
    

    Comment on Article Mentions:   Mumbai Angels   Sequoia Capital India

21. News Roundup: L&T To Raise $500 Mn Infra Fund

    Explore Article VCCircle (Nov 25 2009) Acquisition

    ITC May Go For EIH Takeover - ITC said that it will position itself so that it gains extra leverage in any future negotiations concerning its plans for EIH. The company currently owns a 14.98% stake in EIH and is exploring the option of increasing its stake to 25%, just 1% shy of the level which will give it the power to veto board resolutions. This in effect means that ITC will have to make an open offer for acquiring an additional 20%. The Oberoi family, which owns 43% in EIH, will sell a little over 17% to Analjit Singh ... (Read Full Article)
    

    Comment on Article Mentions:   ITC   Shyam Group   Rajesh Puri

22. News Roundup: ReaMetrix Raises $2.1M

    Explore Article VCCircle (Nov 24 2009)

    ReaMetrix Raises $2.1M - ReaMetrix, a diagnostics and contract research start-up, has raised $2.1 million from Sequoia Capital India, Mobius Venture Capital and Baring Private Equity. The company has offices in Bangalore and California and was founded by Dr Bala S Manian in 2003. Sequoia Capital India had initially funded this company back in 2005. (VentureBeat) Kimaya In Talks With PEs To Sell 15% - Kimaya Studios, a Mumbai-based fashion house, is in talks with private equity firms to offload more than 15% stake in the designer retail chain. The fashion house is in talks with private equity (PE) firms ... (Read Full Article)
    

    Comment on Article Mentions:   Bhushan Steel   Infosys   Sumitomo

23. Religare Health Appoints Anuj Gulati As CEO

    Explore Article VCCircle (Nov 24 2009) Acquisition

    Comment "I really admire Religare's aggression in the market, in the last 3-5 years their ability to hire the right talent ..." - Roshan1112

    Religare Enterprises Ltd (REL), a diversified financial services group, has appointed Anuj Gulati for its health insurance venture. Gulati joins the board as chief executive officer of Religare Health Insurance Co Ltd. He will be responsible for setting up the health insurance business, apart from spearheading the company for a dominant place in the highly competitive Indian health insurance industry, said a company statement. Gulati is a former director – service and business development, ICICI Lombard General Insurance. He has expertise in areas such as product development, operations, technology, and online and rural businesses. (Read Full Article)
    

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24. VCs Tilting Towards Single Fund Structure

    Explore Article VCCircle (Nov 23 2009)

    California-headquartered venture capital firm Canaan Partners, which has remained focused on early-stage technology deals in India, is now open to early-to-mid stage deals in microfinance, clean technology and healthcare. Canaan’s current India portfolio comprises Bollywood portal Chakpak, classifieds firm Consim Info Pvt Ltd (BharatMatrimony.com) and mobile value added services firms Cellcast Interactive India Pvt Ltd and Mcarbon Tech Innovation Pvt. Ltd. VCCircle caught up with Canaan's Menlo Park-based general partner Deepak Kamra (in pic), who was ranked 70th in Forbes Midas List 2009, and its India office head Alok Mittal. Kamra, who started Canaan’s India practice in 2001, has been ... (Read Full Article)
    

    Comment on Article Mentions:   Bollywood   Onmobile Global Ltd.   Orkut

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