1. Articles from VCCircle

    vccircle.com

  2. 49-72 of 1935 « 1 2 3 4 5 6 ... 79 80 81 »
    1. PE-backed Just Dial Set To Launch India’s Largest Internet Biz IPO

      Mumbai-based Just Dial Ltd, which runs an India-specific local business listings site, will raise Rs 360 crore (~$68 million) through a public issue which may hit the markets within the next 8-10 weeks, sources close to the development told VCCircle.  This would make it the biggest public issue by an Indian company in the consumer Internet business. Besides the primary issue of shares, the IPO also includes a secondary offering of 10.64 million shares by private investors SAIF Partners, Tiger Global Management and Sequoia Capital India besides the company’s promoter VSS Mani.  SAIF had also part exited along ...
      Read Full Article
    2. SAIF-backed Just Dial Set To Launch India’s Largest Internet Biz IPO

      Mumbai-based Just Dial Ltd, which runs an India-specific local business listings site, will raise Rs 360 crore (~$68 million) through a public issue which may hit the markets within the next 8-10 weeks, sources close to the development told VCCircle.  This would make it the biggest public issue by an Indian company in the consumer Internet business. Besides the primary issue of shares, the IPO also includes a secondary offering of 10.64 million shares by private investors SAIF Partners, Tiger Global Management and Sequoia Capital India besides the company’s promoter VSS Mani.  SAIF had also part exited along ...
      Read Full Article
    3. Age Of The Department Store

      Over the next few years successful e-commerce companies in India should end up looking like the department store, selling products from various verticals. I cautiously make this claim backed by 20 years of  entrepreneurial experience as well as an investor in over 15 startups many of which are in e-commerce. Entrepreneurs venturing into e-commerce need to understand this point and make a business plan accommodating their expansion plans into other categories of products before seeking an investment. The Rationale Through my experience I have learned that entrepreneurs always tend to underestimate the cost of customer acquisition. Currently customer acquisition is ...
      Read Full Article
      Mentions: Flipkart LTV
    4. KKR Suffers On Carry, Fees

      KKR & Co LP said Friday that income from its share of investors' profits and the fees it charges for its assets slumped in the first quarter, prompting the private equity firm to cut its dividend, albeit less than some analysts expected. On other metrics, such as the value of its portfolio, however, earnings were better than expected, highlighting the challenges investors face in valuing private equity firms as Carlyle Group LP prepares to go public. KKR, whose investments include retailer Toys R US Inc, Internet domain registration company Go Daddy Group Inc and hospital operator HCA Holdings Inc, said first-quarter ...
      Read Full Article
    5. VC-backed PrimeTel Raises $60M From Asian Telco

      Communications technology firm Prime Telesystems (Ltd) or PrimeTel has raised Rs 300 crore (~$60 million) from an Asian telecom firm by selling less than 10 per cent stake, as it prepares to launch its premium-priced communications services in India, a company spokesperson told VCCircle. He did not disclose the name of the investor but said it is an Asian government controlled tier I telco. Some of the firms which fit the bill include Singapore Telecom (a public listed firm in which Singapore’s sovereign wealth fund is a large shareholder) besides Axiata (formerly Telekom Malaysia). Both these Asian telcos have ...
      Read Full Article
    6. MIH Group Picks 51% In Tek Travels

      MIH Group Picks 51% In Tek Travels
      South-African media conglomerate Naspers owned MIH Group has acquired majority stake in six years old Gurgaon-based travel company Tek Travels which runs the B2B travel portal Travel Boutique Online . Tek Travels was started by Gaurav Bhatnagar and Ankush Nijhawan  in 2005. Both the founders hail from the technology background where Bhatnagar is an IIT Delhi alumnus and Nijhawan studied in Bryant University. The portal Travel Boutique Online was started in 2006 and mainly deals with the B2B travel needs. It provides air & train tickets, besides hotels, bus or car booking, visa enquiry, travel insurance and even chartered planes and helicopters ...
      Read Full Article
    7. Investors Wise Up To First-day Tech ‘Pops’

      It has been a strong start to the year for technology flotations. Venture capital backers have had their best year for issuance in five years, raising $1.5bn in the first quarter, according to industry figures. These deals have performed well, also averaging a first-day gain or “pop” this year of 17 per cent. If sustained, that performance would be the best in over a decade, says Dealogic. Since the start of January, shares of companies that have gone public in the past two years are up 15 per cent, according to the FTSE Renaissance US IPO index. That is ...
      Read Full Article
    8. Freshdesk Raises $5M In Second Round Of Funding Led By Tiger Global

      Barely six months after raising $1 million in series A from venture capital firm Accel Partners, SaaS-based social customer support startup Freshdesk has raised $5 million in another round of funding led by Tiger Global Management. Previous investor, Accel Partners, is also participating in the round. The company will be using the funds raised in this round to ramp up engineering and build more product features. Freshdesk also plans to expand its global support team to meet the growing demand. Freshdesk is a social customer service software that allows companies to support customers through both traditional support channels like email ...
      Read Full Article
    9. Property Transaction Portal Metroplots Gets 2nd Round Of Angel Funding

      Chennai-based startup Metroplots Pvt Ltd, which runs property transaction portal Metroplots.com, has raised its second round of angel funding from existing investors who are members of Chennai Angels, as well as fromVardhman Jain, a new investor. Although the quantum of investments could not be immediately ascertained, it is believed to be less than $1 million. “The funds will be primarily used to set up branches in Bangalore, Delhi-NCR and Mumbai. We have already opened our branches in Bangalore and NCR, and will be setting up shop in Mumbai soon. We will also use the capital to increase our team ...
      Read Full Article
      Mentions: R Ramaraj NCR USP
    10. Saif Partners-backed HomeShop18 Eyes $100M Us Ipo

      Indian media group Network 18 is moving towards a US listing of its wholly owned online retail arm, HomeShop18, that could raise about $100 million, two sources with direct knowledge of the matter said. The group is in talks with institutional investors, including private equity firms, to take up shares as part of the listing plan, said the sources, who declined to be identified as the talks are not yet public. “The process has just begun. We are in talks with bankers and investors,” said one of the sources. Indian online retail firms are raising capital to position themselves for ...
      Read Full Article
      Mentions: Sundeep Malhotra
    11. Mitsui's Private Equity Arm Opens India Office

      Mitsui & Co. Global Investment Ltd (Mitsui Global Investment), the private equity arm of the Japanese conglomerate Mitsui & Co., Ltd, has opened an India office in Mumbai and set up MGI Group India Pvt Ltd, which will build a local team and invest across several sectors. Mitsui Global Investment will hold 95 per cent stake in the India arm while the rest 5 per cent will be held by its parent firm Mitsui & Co, according to a statement issued today. Mitsui Global Investment comes under Mitsui & Co’s financial & new business unit and it has appointed managing director Tetsuya Koide as ...
      Read Full Article
    12. TalentSprint Raises $4M In Series A From Nexus Venture Partners

      Hyderabad-based skills development and training company TalentSprint Educational Services has raised Rs 20 crore ($4 million) in series A funding from Nexus Venture Partners. As part of the investment, Anup Gupta, managing director of Nexus Venture Partners, will join the company’s board. Co-founded by Madhumurty Ronanki, Santanu Paul, and JA Chowdary in 2009, TalentSprint offers employability programmes to professionals using experiential learning and iPEARL, its technology platform in the IT and BFSI sector. The programs offered are delivered to students during or after-college to make them job ready as separate from academic learning. Santanu Paul, CEO and managing director ...
      Read Full Article
    13. Eros To Buy Out Remaining 76% In B4U For $53.1M

      Bollywood films producer and distributor Eros International Plc is acquiring the remaining 76 per cent stake it does not own in the digital broadcasting firm B4U Television Network in a cash-plus-stock deal worth $53.1 million (Rs 270 crore). Eros International Plc, which is promoted by the Lulla family, is listed on London’s AIM exchange and is the parent firm of the Indian public company Eros International Media Ltd. B4U was formed as a media joint venture between billionaire steel baron Lakshmi Mittal, Gokul Binnai and the Lulla family. Currently, the Mittals and the Binanis are reportedly the majority ...
      Read Full Article
    14. Mahendra Swarup Joins Avigo Capital As Partner

      Mahendra Swarup Joins Avigo Capital As Partner
      Avigo Capital Partners has roped in Mahendra Swarup as a partner for the SME-focused mid-market private equity fund manager. He currently serves as the president and the member of the executive committee of Indian Venture Capital Association, a national organisation representing venture capital and private equity firms. He will be the third partner at Avigo Capital, besides founding partner Achal Ghai and general partner S. Harikrishnan, who is currently leading all mid-market investments for the firm. Swarup is expected to join the PE firm’s Delhi office in May. Swarup has over 30 years of experience in operations, sales & distribution ...
      Read Full Article
    15. Publicis Groupe Acquires Mumbai-based Digital Agency Indigo Consulting

      Publicis Groupe, a French MNC specialising in advertising and communications, has acquired Mumbai-based full-service digital agency Indigo Consulting for an undisclosed amount. Consequently, Indigo will operate as a unit within one of its advertising agencies – the Leo Burnett Group – and retain its name. Indigo's founder Vikas Tandon will remain the MD and report to Arvind Sharma, chairman (Indian subcontinent) of Leo Burnett. Set up in 2000, Indigo Consulting employs a team of 160 at its Mumbai headquarters and Delhi office. The company provides a slew of services like website design and development, search engine optimisation, usability research & testing, and ...
      Read Full Article
    16. Chernin Group Secures $200M In Private Equity

      The Chernin Group, the entertainment and digital media company Peter Chernin founded after leaving News Corp in 2009, has secured about $200m in new funds from a group of investors led by Providence Equity Partners, one of the sector’s most prominent private equity groups. Mr Chernin, who spent 12 years as Rupert Murdoch’s closest lieutenant, said the new partnership would have the resources to pursue “any deal of any size” around the world, from making multibillion-dollar bids to incubating start-ups. Its first potential deals were “very close” and could be announced within weeks, he said. He and Jonathan ...
      Read Full Article
    17. Online Property Marketing Firm PropTiger Raises $5M From SAIF, Accel

       Real estate marketing services startup PropTiger Realty Private Limited which runs an online platform PropTiger.com has raised Rs 25 crore (~$5 million) in second round of funding from SAIF Partners and Accel Partners.  This follows an earlier round of funding by few HNIs last year. PropTiger was created in February 2011 by Dhruv Agarwala, Kartik Varma and Prashan Agarwal. Agarwala and Varma are classmates from Harvard Business School who had previously built iTrust Financial Advisors, a mass-market wealth management business, that they subsequently sold to the Karvy Group. Prashan is an alumnus of IIT Kanpur and ISB, Hyderabad who ...
      Read Full Article
    18. News Roundup: DE Shaw Reviews India Plan, Lays Off Staff

      DE Shaw Reviews India Plan, Lays Off Staff - The DE Shaw group, one of the world's largest hedge funds, is reviewing its India play. The fund, which launched its private equity business in the country in 2006, has exited about 60% of its investments in Indian companies. It has also put plans to launch an India-dedicated fund on the backburner, and has laid off some employees from its local unit. (Economic Times) Bain Capital, TPG To Make Lilliput Interim Audit Public - Private equity investors Bain Capital and TPG, embroiled in a legal battle with the owner of investee company ...
      Read Full Article
    19. Actis, CDC Exit Nine Year Old Investment In SML Isuzu

      Private equity firm Actis and UK-based development finance institution CDC Group have exited their nine-year old investment in commercial vehicle maker SML Isuzu Ltd. The two investors sold their combined 12.33 per cent stake for Rs 73.15 crore ($14 million) in SML Isuzu, which was earlier known as Swaraj Mazda Ltd. Shares of SML Isuzu closed flat at Rs 410 after moving up to Rs 415.05 during intra-day trade on the BSE on Thursday. The company is currently valued at Rs 594.5 crore. Actis Agribusiness Ltd and CDC Financial Services (Mauritius) Ltd sold their stakes at ...
      Read Full Article
    20. ExamsGuru Raises Angel Funding, In Talks For Series A

      ExamsGuru Raises Angel Funding, In Talks For Series A
      Bangalore-based Padma Infocom Pvt Ltd owned ExamsGuru.in has raised Rs 15 lakh ($30,000) in angel funding from Simarjit Singh Khera, who is currently working at Gurucool Online Learning Solutions. Khera, according to his profile on Linkedin, has also worked at Frost & Sullivan as the director of healthcare for the APAC region and just before joining Gurucool, was working at a pharmaceutical company called Quintiles Transnational. Although operational, ExamsGuru portal is currently in the final stages of development and will soon be out with all its features. The company was founded in December 2009 by Rahul Jain, Vikas Jain ...
      Read Full Article
    21. Myshaadi.in Raises First Round Of Funding From IAN

      Myshaadi.in, an online portal that offers wedding related services, has raised its first round of funding from Indian Angel Network (IAN). The investors include active angel investors Rajan Anandan, Sunil Kalra, Ashim Mehra and Rehan Yar Khan. The financials details of the deal were not disclosed but Rehan Yar Khan will join the board of directors of Myshaadi.in. Founded by Abhishek Jain, Myshaadi.in offers a host of wedding related services like personalised wedding sites, wedding event planning, budget calculator, shopping list, to do list, etc. The website also has a blogging section that talks about the latest ...
      Read Full Article
    22. Fung Capital-backed Future Supply Chain Eyes Fresh PE Funding

      Future Supply Chains, India's largest supply chain company, plans to raise a second round of private equity funding to diversify into new consumer-driven sectors as retail growth in the country shows signs of moderation. The company, part of the Future Group, which runs the country's top retailer Pantaloon Retail, earns most of its revenue providing services to affiliated companies such as the Big Bazaar hypermarket chain. "Retail industry's expansion plans in the past 1-2 years have been witnessing a scale-down," Chief Executive Anshuman Singh told Reuters. "So we identified drivers of growth in the consumer-driven sectors instead ...
      Read Full Article
    23. The-World-Needs-Us-More-Than-We-Need-The-World Mindset Needs To Change

      The-World-Needs-Us-More-Than-We-Need-The-World Mindset Needs To Change
      The mandate of a private equity investor is to produce higher risk-adjusted returns and this is where PE firms should be judged harshly. And Investing in a high growth economy like India should ideally make job simpler for investors. However, a host of structural issues are marring the potential to translate the high GDP growth into high returns. These concerns are worrisome as India’s attractiveness has plummeted in the minds of international investors. An industry veteran and senior partner at Baring Private Equity International, Rahul Bhasin throws light on such on-the-ground issues which PE firms are grappling with. Baring ...
      Read Full Article
    24. News Roundup: Essar In Talks With Bain, KKR To Sell Aegis BPO

      Essar In Talks With Bain, KKR To Sell Aegis BPO - Diversified conglomerate Essar Group is considering a sale of its billion-dollar business process outsourcing (BPO) company Aegis, after receiving non-binding offers from private equity giants. Bain Capital and Kohlberg Kravis Roberts & Co (KKR), among others, have been in discussions to buy out Aegis, which is the second largest independent back office firm after Genpact. Essar has appointed Standard Chartered Bank as adviser to a possible sale of Aegis, which is tracking $1-billion revenue in the current fiscal. (Times of India) Tata Drops Out Of Cable & Wireless Bid - Tata Communications has ...
      Read Full Article
    49-72 of 1935 « 1 2 3 4 5 6 ... 79 80 81 »
  1. Categories

    1. Markets:

      Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
    2. Financing:

      Acquisition, Funding
    3. Other:

      Jobs, Reports