Tag: M&A

Ecosystem Weekly | 29th Mar '20

March 29, 2020

NTPC to buy out govt from two hydel firms for $1.54 Bn
India’s largest power producer, govt-owned NTPC Ltd, has said it will acquire entire central govt stakes in two hydropower companies THDC India Ltd & NEEPCO for $1.54 Bn
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Kubota Corp buys 10% stake in Escorts for $139 Mn
Kubota Corporation (Kubota), a leading global tractor and machinery manufacturer from Japan, will acquire 10% equity stake, on a post capital reduction basis, in Escorts Ltd. (Escorts), a leading engineering conglomerate in India
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Startup News Snippets

M&A News

Market Pulse

  • Mumbai-based Checkers India Technology which operates B2B platform Excess2Sell has raised $1 Mn in funding from Gautham Madhavan, an angel investor & a director at Florintree Advisors
  • Pune-based IT firm Nihilent has acquired cross-disciplinary advertising platform Hypercollective, operated by Hyper Collective Creative Technologies for an undisclosed amount
  • Hyderabad-based education services startup Univariety which is operated by International Educational Gateway will raise $1 Mn from Info Edge the parent of jobs portal Naukri.com
  • The India team of the US-based PE firm TA Associates will acquire a stake in Accion Labs a software engineering product company focused on emerging technologies for an undisclosed amount
  • Bengaluru-based SME-focused fin-tech Rupifi has raised an undisclosed amount as part of its pre-seed funding from Ashneer Grover, Kunal Shah, and other angel investors
  • Bengaluru-based online grocery platform BigBasket, operated by Supermarket Grocery Supplies has fully acquired Bengaluru-based micro-delivery startup DailyNinja for an undisclosed amount

Ecosystem Weekly | 22nd Mar '20

March 22, 2020

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy
Japan’s biggest steelmaker Nippon Steel Corp said that its joint venture with ArcelorMittal has signed a $5.15 Bn loan agreement with Japanese banks, including Japan Bank for International Cooperation.
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OYO receives infusion of $807M from SoftBank and RA Hospitality Holdings
Hospitality unicorn OYO Hotels & Homes has revived a tranche of $807 million of its Series F round of $1.5 billion it announced in October last year. The fresh tranche has come from existing investors SoftBank and Founder Ritesh Agarwal-owned RA Hospitality Holdings
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based consumer lending startup SmartCoin has raised $7 Mn in Series A funding led by LGT Lightstone Aspada, Unicorn India Ventures and Accion Venture Lab
  • Singapore-based AnyMind Group has fully acquired app-developer-focussed mobile video advertising and monetization platform Pokkt for an undisclosed amount
  • Mumbai-based SaaS platform Peel-Works has raised $4 Mn from CESC Ventures. The money was raised by issuing debentures, equity and Series C and Series D preference shares
  • US-based application management software & systems for Linux & Windows servers provider Idera has acquired JS tools & charting components provider FusionCharts for an undisclosed amount
  • Mumbai-based online marketplace Craftsvilla has raised $4 Mn in multiple tranches, from June 2019 to March 2020, from its Singapore-based parent company Supera Investments
  • Urbanclap Technologies India has acquired the assets of a Sydney-based on-demand beauty services startup Glamazon for an undisclosed amount

Ecosystem Weekly | 1st Mar '20

March 1, 2020

Tech Mahindra will acquire Zen3 Infosolutions for $64 Mn

Indian Multinational subsidiary of the Mahindra Group, Tech Mahindra will acquire the American and Indian unit of US-based AI and Machine learning firm Zen3 for $64 Mn
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Delhi headquartered Rupeek has raised $60 Mn Series C funding

Delhi-headquartered digital gold loans startup Rupeek has raised $60 Mn Series C funding from GGV Capital,  Bertelsmann India Investments, Binny Bansal, KBIC, Tanglin Venture Partners, Sequoia India and Accel Partners
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-headquartered digital payments company PhonePe has received a fresh cash infusion of $60 Mn from its Singapore-based parent entity PhonePe, Singapore
  • Google India is accepting applications from startups for the fourth batch of Google for Startups Accelerator India programme
  • Singapore-based digital proptech company Elara Technologies has invested a total of $5 Mn in its two Indian subsidiaries – Gurgaon based Housing and PropTiger
  • Tech giant Microsoft has launched its 100X100X100 programme for software-as-a-service (SaaS) startups in India to promote the startup ecosystem of India
  • Mumbai-based venture capital firm Blume Ventures has announced the final close of its opportunity fund – Fund IIA – at $41 Mn for follow-on investments
  • Bennett Coleman and Company (BCCL), commonly known as The Times Group has acquired an equity stake in Bengaluru based cloud Kitchen startup Rebel Foods for $2.5 Mn

Ecosystem Weekly | 23rd Feb '20

February 23, 2020

JSW Energy to acquire 100% stake in GMR Kamalanga Energy

Sajjan Jindal-owned JSW Energy has acquired Odisha-based subsidiary GMR Kamalanga Energy for $745 Mn.
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Swiggy Raises $113 Mn Series I funding from Prosus

Food delivery giant Swiggy has raised $113 Mn Series I funding from Prosus N.V, Meituan Dianping and Wellington Management Company.
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Startup News Snippets

M&A News

Market Pulse

  • Early-stage venture capital firm Blume Ventures has finally closed its Fund III at $102 Mn. The fund has been raised from anchor investors in India, US, Japan and Asia
  • US-based investment firm Falcon Edge Capital has set up a new venture capital fund of $300 Mn for India. The fund is backed by UAE based Limited partners
  • Mumbai based JioSaavn has received a $20 Mn infusion from parent entity Reliance Industries. Reliance has picked up 10 K equity shares in the company
  • Gurugram-based prop-tech startup Zvesta has raised $6 Mn from media company Hindustan Media Ventures. The company will now focus on brand building
  • B2B e-commerce platform for Kirana stores, MaxWholesale has raised $3 Mn in Series A funding from Indian Angel Network Fund I and Abu Dhabi-based Al Falaj Investment Company
  • Video editing and content creation software maker Invideo has raised $3 Mn from Sequoia Capital India’s early-stage accelerator programme surge

 

Ecosystem Weekly | 16th Feb '20

February 16, 2020

Firstcry Gets $296 Mn From Softbank To Enter Unicorn Club
Pune-based baby products marketplace Firstcry has raised $296 Mn Series E funding from Japan-based marquee investor Softbank’s Vision Fund.
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Dr Reddy’s Labs to acquire part of Wockhardt’s generics business for $260 mn
Dr Reddy’s Laboratories Ltd has agreed to acquire select divisions of Mumbai-based Wockhardt Ltd’s generics drug business in India and a few other countries for $260 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online tutoring startup Vedantu has raised $24 Mn in Series C funding from global investment firm GGV Capital and existing investor Vertex Venture
  • Online insurance policy aggregators Easypolicy and Quickbima have merged and the merged entity will operate under the brand name of Easypolicy
  • Food chain Chaayos has raised $22 Mn in a mix of equity and debt in its Series B funding round from Think Investments, InnoVen Capital & other investors
  • Parampara Capital launched a new $100 Mn fund, Inflexor Technology Fund to invest across technology IP/innovation startups
  • New Delhi-based video commerce app SimSim has raised $8 Mn in Series B round from Accel Partners and Shunwei Capital
  • Gurugram-based bus aggregator startup Shuttl has raised $8 Mn adding onto its Series C funding round from a private equity firm, SIG Global India Fund

 

Ecosystem Weekly | 9th Feb '20

February 9, 2020

France’s Total to invest $510 mn in JV with Adani Green Energy
French energy giant Total SA will invest $510 Mn in an equal joint venture with Adani Green Energy that will hold solar energy assets.
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Baring PE India hits benchmark returns in partial exit from Manappuram Finance
Baring Private Equity Partners India has sold more than half of its stake in Thrissur-based gold loan financier Manappuram Finance for $101 Mn.
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Startup News Snippets

M&A News

Market Pulse

  • A vernacular podcasting platform Kuku FM has raised $6 Mn Series A funding from Singapore-based venture capital investment holding company Vertex Venture
  • Property search aggregator Square Yards Consulting has acquired Mumbai-based rental and property management platform Azuro for an undisclosed amount
  • Bengaluru-based edtech company Byju’s has raised an undisclosed amount of funding from General Atlantic. This round led Byju’s at the value of $8 Bn
  • Gurugram-headquartered artificial intelligence (AI)-driven logistics platform, fleetx has raised $3 Mn fresh funding from VCs and angel investors
  • Homegrown bicycle brand Frog’s Ahmedabad-based parent company AlphaVector has raised an undisclosed amount from Avaana Capital and Titan Capital
  • Edtech Startup which is a Local language learning app for India, Entri has raised $1 Mn seed funding from San Francisco-based Good Capital

Ecosystem Weekly | 2nd Feb '20

February 2, 2020

Tiger Global May Launch $3.8 Bn Fund To Continue Investment Spree
Global investor Tiger Global Management has reportedly closed a $3.8 Bn global private investment vehicle called the Private Investment Partners (PIP) XII, which will continue to back tech startups in India, the US and China
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Airtel Payments Bank Raises INR 225 Cr For Deeper Presence In India
Bharti Airtel’s financial service arm Airtel Payments Bank has raised INR 225 Cr from its parent companies Bharti Airtel and Bharti Enterprises to solidify its presence in India and expand to Africa
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based edtech startup InterviewBit has raised $20 Mn in Series A round from Sequoia India, Tiger Global and Global Founders Capital
  • Gurugram-based edtech startup Doubtnut has raised $15 Mn from Tencent, Omidyar Network India, Sequoia Capital India, Japan-based Akatsuki Entertainment Fund and Ankit Nagori
  • Denmark-based manufacturer of moulded fibre egg packaging Brødrene Hartmann has acquired Punjab-based moulded fibre packaging provider Mohan Fibre Products for $18 Mn
  • Insurance-tech company Majesco will acquire United States-based software solutions provider in the life and annuity insurance market InsPro Technologies for $12 Mn amount
  • US-based investment firm Ribbit Capital is looking to raise $420 Mn for its sixth VC fund to continue its investment spree in startups, especially those working in the fintech segment
  • Gurugram-based healthtech startup 1MG has received an infusion of $10 Mn from Bill & Melinda Gates Foundation according to the Ministry of Corporate Affairs filings
  • Google will provide $1 Mn grant through Google.org to news literacy org Internews which will launch an initiative to help improve news literacy & fight back against fake news in India

Ecosystem Weekly | 26th Jan '20

January 26, 2020

Baring PE Asia closes seventh buyout fund at $6.5 Bn
Hong Kong-based alternative investment firm Baring Private Equity Asia has hit the final close of its seventh fund at its hard cap of $6.5 Bn
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ReNew Power Secures $450 Mn Funds Through Dollar Bonds
Continuing its streak of big investments, clean energy startup ReNew Power has raised $450 Mn funding through a dollar bond issuance. ReNew is planning to use this funding to refinance its previous borrowing, which will be maturing next year
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online home design company Livspace has raised $60 Mn from Tahoe Investment Group, Mercer Investments, EDB Investment, Kharis Capital, and Nicholas Cator
  • Bengaluru-based self-drive car rental startup Zoomcar India has raised $30 Mn in its ongoing Series D funding from Sony Innovation Fund
  • US-based data analytics firm Qlik Technologies has acquired emerging technologies-enabled business consulting firm RoxAI for an undisclosed amount
  • An infrastructure fund managed by Edelweiss Group, Edelweiss Infrastructure Yield Plus will acquire a 74% stake in French gas and power utility Engie’s solar assets in India
  • Gurugram-based wealth management platform for HNIs, INDWealth, has raised $12 Mn as part of its Series C funding from Steadview Capital, Tiger Global, and DF International
  • Delhi NCR-based Smart Parking Startup Park+ has raised $11 Mn in funding from Sequoia Capital, Matrix Partners, Deep Kalra, Rajesh Magow, Kunal Shah and HNIs
  • Chicago-based SaaS platform to help consumer packaged goods companies increase revenue, Samya.ai has raised $6 Mn in seed funding from Sequoia Capital and HNIs

 

Ecosystem Weekly | 19th Jan '20

January 19, 2020

Piramal Enterprises to sell analytics unit Decision Resources Group for $950 mn
Piramal Enterprises Ltd has agreed to sell the healthcare analytics unit Decision Resources Group to US-based Clarivate Analytics Plc for $950 million
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Chinese automaker Great Wall agrees to buy General Motors’ India plant
Chinese automaker Great Wall Motor has agreed to buy General Motors’ car plant in Maharashtra. Great Wall, one of the biggest sellers of SUVs in China, is expected to pay about $250 million to $300 million to acquire the plant.
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Startup News Snippets

M&A News

Market Pulse

  • Bengaluru-based online grocery delivery platform and agritech Ninjacart has raised $10 Mn in Series C funding from Flipkart India and Singapore-based GEC3
  • Chennai-based logistics and supply chain startup Pando has raised $9 Mn in Series A funding from Chiratae Ventures, Nexus Venture Partners,  Siemens’ backed Next47 and other angel investors
  • Jay Shree Tea & Industries, a BK Birla group firm, is selling its Mata Tea and Gisakura Tea in Rwanda (Africa) to Belgium-based Grand Lacs Trading SA for $10 Mn
  • Hero Cycles, the bicycle manufacturing unit of Hero Motors Company, has acquired a stake in German premium e-bike maker HNF Nicolai in an undisclosed amount
  • Amazon’s payments arm, Amazon Pay, received $190 Mn while Amazon India’s B2B arm, Amazon Wholesale, got $50 Mn cash infusions from Amazon corporate holdings and Amazon.com
  • Wipro Ventures, the strategic investment arm of Wipro, closes Fund II of $150 Mn to invest in early to mid-stage companies, building innovative enterprise software solutions
  • Mumbai-based Online cosmetics and beauty products retailer Purplle has raised $8 Mn in Series C funding from Belgium-based investment firm Verlinvest

Ecosystem Weekly | 12th Jan '20

January 12, 2020

Edtech Unicorn Byju’s Gets $200 Mn From Tiger Global
Founded in 2008 by Divya Gokulnath and Byju Raveendran, Byju’s announced that it has raised funding from New York-based Tiger Global. The round reportedly valued Byju’s at $8 Bn.
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ESAF Small Finance Bank files for $135 mn IPO
Thrissur-based small finance bank ESAF on 6th Jan filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of $135.6 million.
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Startup News Snippets

M&A News

Market Pulse

  • Honasa Consumer’s FMCG brand Mamaearth has raised $18 Mn in Series B funding from Sequoia India, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures
  • Private investment company Lupa Systems buys majority stake in Indian online learning startup Harappa Education in an undisclosed amount
  • Flipkart Co-Founder & former CEO Sachin Bansal has acquired DHFL General Insurance from Wadhawan Group Capital for $14 Mn through his investment firm Navi Technologies
  • Medtech startup Axio Biosolutions has raised $5 Mn in Series B-1 funding from Omidyar Network India, Accel, University of California, Ratan Tata-backed RNT Fund, and Chiratae Ventures
  • Pharmacy retail chain Generico which is operated by Workcell Solutions has raised $1 Mn in venture debt from Alteria Capital as a part of Series A funding
  • Chandigarh-based fintech startup PayMart India has raised an undisclosed amount from IIM Ahmedabad’s incubator, CIIE.CO., and Chandigarh Angels
  • Agrochemical firm Crystal Crop Protection has acquired three insecticide brands from US-based agricultural company Corteva Agriscience in an undisclosed amount
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