india deals snapshot february 2016

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Page 1: India Deals Snapshot February 2016
Page 2: India Deals Snapshot February 2016

Particulars No.

Snapshot of Mergers & Acquisitions Update for

February 2016 4

Mergers & Acquisitions Deals for February, 2016 5 & 6

Summary of Mergers & Acquisitions Update 7

Snapshot of PE / VC Update for February, 2016 9

PE / VC Deals for February, 2016 10 – 14

Summary of PE / VC Update 15

RBSA Range of Services 16

Index

Page 3: India Deals Snapshot February 2016
Page 4: India Deals Snapshot February 2016

Acquirer Target Sector Stake Rs. in Cr

Aequs SiRA Group Other NA NA

Housejoy MyWash E-Commerce NA NA

KKR investment Sunteck Realty Ltd Construction NA Rs.150 Cr

Next Education India Pvt ltd InOpen Technologies Pvt ltd Education NA NA

Wipro Limited HealthPlan Healthcare NA Rs.3150 Cr

Amazon Westland Ltd. Education NA Rs.9.5 Cr

Premji Invest (The private equity

arm of Azim Premji, Chairman

of Wipro Limited )

Fabindia Overseas Pvt. Ltd. Other NA Rs.360 Cr

Kedaara Capital and Partners

group Au Housing Finance Finance NA Rs.950 Cr

Page 5: India Deals Snapshot February 2016

Aequs acquires French Aerospace group Sira

Deal Participant – Acquirer

Aequs, Karnataka based maker of components and

systems for some of the world’s biggest aerospace

companies was founded in 1997, by two friends, Aravind

Melligeri and Ajit Prabhu. Aequs specializes in precision

machining, sheet metal fabrication, assembly, forging, and

special processing for the aerospace, automotive, and oil

& gas industries.

Deal Participant – Target

SiRA Group, operating across five sites, employs over 300

people and offers highly regarded expertise in the areas of

precision machining, assembly, and testing of engine,

landing gear, and aircraft actuation components, as well as

welding and fabrication of aircraft assemblies.

Deal Value

Undisclosed

Synergy Benefits

SiRA will bring expertise in engine components and

landing gear, which Aequs did not have. With the

application of SiRA’s expertise and Aequs’s capabilities,

Aequs is confident of offering lower cost manufacturing to

the aerospace industry.

Home Services Venture Housejoy Acquires MyWash

Deal Participant – Acquirer

Housejoy, Bengaluru-based leading home services

provider, is an Amazon-backed startup that was launched

in January 2015. It has developed into a leading service

provider in the home services industry by offering a range

of maintenance, home repairs, electrical, plumbing, home

cleaning and computer repair services. Moreover,

Housejoy also provides beauty and in-house bridal

makeup services.

Deal Participant – Target

MyWash, an on-demand laundry and dry cleaning

company, was founded in 2014 by BITS Pilani alumni,

Raghu Bharat and Silus Chintapalli, along with Balaji

Ashok, who is an engineering graduate from Anna

University. MyWash.in is the first online laundry service &

online dry washing service in India. They do laundry and

dry cleaning and deliver at just the tap of a button.

Deal Value

Undisclosed

Synergy Benefits

With the acquisition of MyWash, Housejoy will now be

equipped to provide doorstep pickup and delivery for dry

cleaning and laundry services. Housejoy will also get the

benefit of operational knowledge of the same.

KKR to Invest Rs150 Crore in Luxury Housing Projects

by Sunteck Realty

Deal Participant – Acquirer

KKR is a global investment firm that manages investments

across multiple asset classes, including private equity,

energy, infrastructure, real estate, credit strategies and

hedge funds.

Deal Participant – Target

Sunteck Realty Limited (SRL) is a Mumbai-based real

estate development company, catering to the ultra-luxury

and luxury residential segment. SRL boasts of a city

centric development portfolio of about 25 million square

feet spread 24 projects at various stages of development

and rented assets.

Deal Value

Rs.150 Cr

Synergy Benefits

Sunteck Realty sees the investment by KKR as an

opportunity to grow in the highly competitive luxury realty

market. This strategic investment will allow Sunteck to

explore bigger acquisition opportunities by leveraging its

brand and execution abilities.

Next Education acquires (IIT-B)-incubated startup

InOpen Technologies

Deal Participant – Acquirer

Hyderabad-based Next Education India Pvt. Ltd, founded

in 2007 by Beas Dev Ralhan and Raveendranath Kamath

provides creative and fun learning modules to more than

7,000 partner schools and junior colleges across India.

Next Education is a fast-growing, technology-driven

company revolutionising the education system in India.

Deal Participant – Target

Mumbai-based InOpen Technologies Pvt. Ltd., an

educational development and teacher training solutions

firm was founded in IIT Bombay, in 2009 by IIT Prof.

Sridhar Iyer, and Rupesh Shah, who trained college

students in open source and adult literacy.

They are an IIT Bombay based educational start up with

developing high quality academic content through intense

research.

Deal Value

Undisclosed

Synergy Benefits

Through this strategic move, Next Education aims to

ensure better integration between NextBooks and

computer science. As part of this deal, InOpen’s talent

pool will also merge into Next Education's 2,000-strong

team.

Page 6: India Deals Snapshot February 2016

Wipro Acquires US-based HealthPlan for US$460

Million

Deal Participant – Acquirer

Wipro Limited (Western India Products Limited) is an

Indian multinational Digital Strategy, IT consulting and

System Integration Services Company headquartered

in Bangalore, India. Wipro Limited is a global company

provider of comprehensive IT solutions and services,

including Systems Integration, Consulting, Information

Systems outsourcing, IT-enabled services, and R&D

services.

Deal Participant – Target

HealthPlan Services has its headquarters in Florida and is

a leading, independent technology and business process

as a Service (BPaaS) provider in the US health insurance

market. It provides technology platforms to health

insurance companies in ancillary, group and individual

markets.

Deal Value

Rs.3150 Cr

Synergy Benefits

This strategic acquisition will enable Wipro Limited to gain

the first mover advantage in the highly competitive and

high growth American health insurance market. It is also

an opportunity for the company to expand its payer

portfolio.

Premji Invest Picks Up 8% L Capital Stake in FabIndia

for INR360 Crore

Deal Participant – Acquirer

Premji Invest, the private equity arm of Wipro Limited

chairman Azim Premji, is a private equity firm with $1

billion assets under management. It invests in both private

and public equity of companies operating in India. The firm

was founded in 2008 and is based in Bangalore,

Karnataka.

Deal Participant – Target

FabIndia Overseas Pvt. Ltd is an Indian chain

store retailing garments, furnishings, fabrics and ethnic

products handmade by craftspeople across rural India.

Established in 1960 by John Bissell, an American working

for the Ford Foundation, New Delhi. Today it has over 170

stores across India and abroad, and is managed by his

son, William Bissell.

Deal Value

Rs.360 Cr

Synergy Benefits

This investment by Premji Invest will allow FabIndia to

increase its customer base to 10 million by opening

another 40 retail outlets across India and Overseas.

Amazon buys 26% stake in Tata-owned publishing

house Westland

Deal Participant – Acquirer

Amazon.com, Inc., often referred to as simply Amazon, is

an American electronic commerce and cloud

computing company. Amazon.com started as an

online bookstore, later diversifying to other products.

Amazon also sells certain low-end products like USB

cables under its in-house brand AmazonBasics.

Deal Participant – Target

Westland Ltd is a wholly owned subsidiary of Trent

Limited, the retail arm of the Tata group. Westland is an

amalgamation of two companies, EastWest Books

(Madras) Pvt Ltd. and Westland Books Pvt Ltd. EastWest

has a long history of over 45 years in both publishing and

distribution. As the present company Westland Limited

has the expertise both in retailing and distribution of

books, besides publishing quality literature.

Deal Value

Rs.9.5 Cr

Synergy Benefits

This Deal gives Westland access to international markets,

boosting its physical and digital book businesses. And with

this investment, Amazon completes a full-circle,

considering it started as an online bookstore when it was

first launched.

Kedaara capital teams up with Partners Group to

acquire Au Housing Finance in an INR 950 crore deal

Deal Participant – Acquirer

Private Equity firm, Kedaara capital is an operationally

oriented private equity firm pursuing control and minority

investment opportunities in India and Partners Group is a

global private markets management firm. They manages a

broad range of funds, structured products and customized

portfolios.

Deal Participant – Target

Au Financiers(India) Limited, one of the fastest growing

Rajasthan based Non-Banking Finance Company, is an

outcome of the professional entrepreneurship of its

Founder Sanjay Agarwal & his highly experienced &

competent management team. Au Financiers is a

Systematically Important Non Deposit Accepting NBFC as

classified by RBI, in Rajasthan.

Deal Value

Rs.950 Cr

Synergy Benefits

It is an strategic acquisition for launching an home finance

business.

Page 7: India Deals Snapshot February 2016

12%

25%

12%

25%

13%

13%

M & A Deals by Sectors

E-Commerce

Other

Construction

Education

healthcare

Finance

37%

12% 13%

13%

25%

M & A Deals By Size (Rs. In Cr)

Undisclosed

Below 100

100 - 300

300 - 500

Above 500

Page 8: India Deals Snapshot February 2016
Page 9: India Deals Snapshot February 2016

Investor Fund Target Sector Stake Rs. in Cr

Green house Venture (GHV

Accelerator) PindropMusic & RoadGods E-Commerce NA Rs.0.67 Cr

Oranda Global Perfumery E-Commerce NA Rs.0.2 Cr

Dunamis Ventures Pte Ltd. Mazkara E-commerce NA Rs.6.84 Cr

Shervin pishevar and Nyca Partners Zendrive IT/ITES NA Rs.91 Cr

Ratan Tata Moglix E-commerce NA NA

Green house Venture (GHV

Accelerator) Istyle You and AdUrCup Others NA Rs. 0.67 Cr

Vandana Luthara ( the founder of

VLCC ) SmartCooky E-Commerce NA NA

Sixth Sense Ventures Weddingz.in E-Commerce NA NA

Unicorn India Ventures Inc24 Media &

Communication NA NA

Endiya Partners & Sateesh Andra

(Managing Partner at Venturest) Hansel.io IT/ITES NA NA

Aqeel Ahmed ( former COO,

Rategain) GlamStudios E-Commerce NA NA

Angle Investors Affimity Media &

Communication NA Rs.8 Cr

Angle Investors igrenEnergi IT/ITES NA Rs.6 Cr

Kalaari Capital RKSV Securities E-Commerce NA Rs.27 Cr

Angle Investors Medinfi healthcare Healthcare NA NA

Angle Investors BabyBerry Healthcare NA Rs.6.8 Cr

lvyCap Ventures Taskbob E-Commerce NA Rs.28 Cr

Accel Partners Juspay Technologies Pvt Ltd IT/ITES NA Rs.40 Cr

Insitor Impact Asia Fund Edubridge Learning Pvt Ltd Education NA Rs.17.1 Cr

Matrix Partners OfBusiness (operated by OFB

Tech Pvt Ltd) E-Commerce NA Rs. 34.2 Cr

Mr. Ratan Tata NestAway Technologies Pvt Ltd E-Commerce NA NA

Facebook co-founder Eduardo Saverin Hopscotch.in E-Commerce NA Rs.89 Cr

Page 10: India Deals Snapshot February 2016

PindropMusic and RoadGods Raises Funds from

GHV Accelerator

Deal Participant – Investor Fund

GHV Accelerator stands for Green House Ventures

Accelerator. GHV Accelerator will be providing Startups

with a controlled environment, optimized & appropriate

resources, along with sustainability funding, helping them

to grow multifold in a shorter timeframe. This enables

greater control over the growing environment of Ventures

Deal Participant – Target

PindropMusic - founded in November 2015 by Prankush

Roopanwal, Sumit Chakraborty and Vishu Gupta, is a

music discovery app that lets the users enjoy music

based on various factors that affects an individual’s

mood, which depends on their location, weather

conditions, time of the day and their activity.

RoadGods (operated by RoadGods AutoGear Pvt Ltd)-

founded in 2014 by Apoorv Mangalam and Ashish Kumar,

designs road travel accessories and sells the products

through its online platform. Its product range includes

helmets, car music system, trekking rucksacks and

motorcycle baggage among others.

Deal Value

Rs.0.67 Cr

Oranda Global, Others Invest In Perfumery

Deal Participant – Investor Fund

Oranda Global is a professional firm headquartered in

New Delhi, India, and incorporated with the objectives of

Consulting for MSME and Enterprise Clients globally

across Metals, Mining, Utilities, Infrastructure, Realty,

BFSI, Insurance, Manufacturing, Hospitality, Healthcare,

Aviation, Travel, Tourism & Services verticals, Strategic

Outsourcing, Consulting and Advisory Services for

Sustainable Development and Green initiatives, And

other angle investors.

Deal Participant – Target

Perfumery, founded in August 2015, by Mohit Khatri,

Tushar Patel and Shaurya Kiran, is an online eCommerce

platform which sells fragrances. The company provides

‘Specialized Sampling Services’ for high end luxury

fragrances, which is claimed to be one of its kind services

in India. Apart from that, the product inventory includes

hard to find niche perfumes as well as hard to find

fragrances.

Deal Value

Rs.0.2 Cr

Mobile-Tech Startup Zendrive Raises Funds

Deal Participant – Investor Fund

Shervin Pishevar is a serial entrepreneur, leading venture

capitalist, and angel investor. He is also a co-founder and

managing director at Sherpa Ventures. Nyca Partners is a

venture capital and advisory firm exclusively focused on

applying innovation in financial services into the global

financial system. Thomvest is a $250mm venture capital

fund based in Silicon Valley. They invest in companies

that range from early stage companies to those seeking

growth equity rounds of financing.

Deal Participant – Target

Zendrive, founded in 2013 by Jonathan Matus and Pankaj

Risbood, (operated by Zendrive Technologies India Pvt

Ltd) uses artificial intelligence algorithms to analyse

sensor data and return actionable insights for fleets and

drivers. It tracks actions such as acceleration, braking,

swerving and phone use and gives users a 'driver score'.

Its technology can be used by a broad list of industries

and products including on-demand services, commercial

fleets, taxi aggregators, insurance, city planning,

mapping, driving instruction, and roadside assistance

companies.

Deal Value

Rs.91 Cr

Glam-Tech Startup Mazkara Raises US $1 Million in

Seed Funding

Deal Participant – Investor Fund

Dunamis Ventures Pte. Ltd. engages in designing,

product application, research and development,

manufacturing, promotion, marketing, and sales and

distribution of solar and other energy products and/or its

related technologies. The company is based in

Singapore.

Deal Participant – Target

Mazkara was founded in March 2015 in Dubai, by

Pransanjeet Roy, who used to head advertisement sales

in Old Dubai and Northern Emirates for Zomato, and

Mohammed Ali Akmal. Subsequently, the company

opened up its branch in Pune in August 2015. Mazkara is

a hyper-local salon & spa guide with comprehensive

information about each and every salon and spa in their

city.

Deal Value

Rs.6.84 Cr

Page 11: India Deals Snapshot February 2016

Ratan Tata Invests In B2B Sourcing Platform Moglix

Deal Participant – Investor Fund

Ratan Naval Tata GBE is an Indian businessman,

investor, philanthropist and chairman Emeritus of Tata

Sons. Ratan Tata has served in various capacities in

organizations in India and abroad. He is a member of the

Prime Minister's Council on Trade and Industry and the

National Manufacturing Competitiveness Council.

Deal Participant – Target

Noida based B2B marketplace for industrial goods

Moglix, founded in August this year by Rahul Garg, is a

global marketplace for all your Industrial supplies, MRO

equipment, tools and materials. It is an online platform for

all the need of Industrial Tools (Power Tools, Hand Tools,

Adhesives, Safety & Security and Electricals.

Deal Value

Undisclosed

GHV Accelerator On boards IStyleYou and AdUrCup

Deal Participant – Investor Fund

Green House Ventures, On the lines of Green House, will

be providing Startups with a controlled environment,

optimized & appropriate resources, along with

sustainability funding, helping them to grow multifold in a

shorter timeframe. This enables greater control over the

growing environment of Ventures

Deal Participant – Target

IStyleYou-founded in 2015 by Pallav Modi, Amit Kejriwal

and Vinayak Khanijo, IStyleYou is a mobile fashion

platform that provides personalised styling services to the

users. Through the app, the users get their own

professional stylists.

AdUrCup-founded in 2015 by Abhishek Verma, Harshit

Mittal, Kumar Kushang and Nitin Prakash, AdUrCup

(operated by Adcount Technologies Pvt Ltd) is an affiliate

offline advertising network targeted at the Food &

Beverages Industry.

Deal Value

Rs. 0.67 Cr

NDTV's SmartCooky Gets Funding From Vandana

Luthra

Deal Participant – Investor Fund

Vandana Luthra, the founder of the well-known beauty

and wellness brand VLCC started VLCC in 1989, as a

beauty and slimming services center in Safdarjung

Development Area, New Delhi. Now the business

operates in 11 countries in South Asia, South East Asia,

the GCC Region and East Africa.

Deal Participant – Target

Smartcooky.com is an ecommerce venture of New Delhi

Television Limited (NDTV) that sells healthy foods and

personal care products. Smartcooky.com is based on

NDTV's current food site www.food.ndtv.com, which

currently has over three million unique visitors a month.

Deal Value

Undisclosed

Sixth Sense Ventures Invests In Weddingz.in

Deal Participant – Investor Fund

Sixth Sense Ventures is India’s first domestic consumer

centric venture fund, founded by Nikhil Vora (Ex-

Managing Director of IDFC Securities) who is regarded as

one of the strongest analytical minds in the country. Sixth

Sense has a formidable founding team that includes one

of the most reputed corporate CEOs of a large domestic

consumer company.

Deal Participant – Target

founded in 2015, Weddingz.in (operated by L Fast Brands

Pvt Ltd) is a online marketplace and discovery platform

for wedding services, venues and vendors. It provides

wedding venue recommendations. It also connects users

with wedding service providers such as photographers,

makeup and mehendi artists and planners.

Deal Value

Undisclosed

Page 12: India Deals Snapshot February 2016

News and Events Startup Inc42 Secures Funding

Deal Participant – Investor Fund

Unicorn India Fund Mumbai based VC fund Unicorn India

Ventures, They are investing in startups who are solving

real life problems through their business and whose aim

is to develop a World-class Product or Service, along with

a clutch of investors and Mohandas Pai & Ranjan Pai’s

fund Aarin Capital is a venture capital firm specializing in

direct and fund of funds investments. It seeks to invest in

mid-stage startups, and growth capital.

Deal Participant – Target

Founded in January 2014 by Vaibhav Agarwal, Pooja

Sareen and Utkarsh Agarwal, Inc42 is a tech media

company that covers and reports on the Indian startup

ecosystem. Apart from providing news and related

content, the Delhi-based venture also runs a number of

entrepreneur and startup-focused events, such as

Pulse42, StartupPulse, and more recently, launched

Campus Misfits, which is aimed at the student community.

Deal Value

Undisclosed

Budget Salon Aggregator GlamStudios Raises Funds

Deal Participant – Investor Fund

Aqeel Ahmed is the former COO of Rategain. .RateGain

is a software products company offering innovative and

value-driven SaaS and on-demand solutions to the

hospitality and online travel industry with global

leadership position in some of its offerings.

Deal Participant – Target

Delhi based GlamStudios, an online aggregator of budget

salons, founded in 2015 by Sadiya Naseem, an ex-

member of OYO Rooms leadership team, along with

NIFT graduate Darakhshan and IIT Delhi graduate

Feeroz, GlamStudios (operated by Glam Online Pvt Ltd)

partners with salons that have an area of 400 square feet

and who offer services starting as low as Rs.20.

Deal Value

Undisclosed

Mobile Development Toolkit Startup Hansel.io Raises

Funding From Endiya Partners

Deal Participant – Investor Fund

Endiya Partners is an early-stage venture capital fund

that invests in startups in Technology, Healthcare &

Consumer Services sectors and Sateesh Andra is a

Managing Partner at Ventureast, primarily overseeing the

Ventureast Tenet Fund, a premier seed-stage VC Fund

consisting of investments across technology and

technology-enabled sectors.

Deal Participant – Target

Hansel.io is set to support more than 8.7 million mobile

development specialists and hopes to change mobile

software management in the production environment.

Currently, Hansel.io currently enables mobile developers

to control their applications at runtime by providing

solutions that work within the framework of the various

mobile operating systems and ensuring smooth

communication between the problem, diagnostics and

solution.

Deal Value

Undisclosed

Solar Innovator igrenEnergi Raises Funds

Deal Participant – Investor Fund

Sunil Mehta a New York area Angle Investor.

Deal Participant – Target

IgrenEnergi, a technology innovator in solar and energy

storage, founded in 2013 by Jiten Apte, Dr. Sunit Tyagi

and Sujit Dey, is engaged in providing energy

optimization, storage and conversion products. It aims to

build products for efficient energy conversion and

storage, based on its patented 'energy packetisation'

architecture

Deal Value

Rs.6 Cr

Page 13: India Deals Snapshot February 2016

Online Brokerage and Trading Company RKSV

Scoops in Funding

Deal Participant – Investor Fund

Kalaari Capital is an early-stage, technology-focused

venture capital firm and Inventus Capital is managed by

entrepreneurs and industry-operating veterans with the

singular goal of making new entrepreneurs successful.

Deal Participant – Target

Mumbai based online brokerage and trading company,

RKSV Securities founded in 2009 by Raghu Kumar, Ravi

Kumar and Shrinivas Viswanath, offers online trading

software (mobile and web) for free, and a low cost

brokerage plan to retail traders to reduce their brokerage

costs. It provides trading services to buy & sell stocks,

futures & options online. Their commodity provides

trading services to buy & sell commodities online.

Deal Value

Rs.27 Cr

Parenting App BabyBerry Raises Funds

Deal Participant – Investor Fund

Angel funding led by industrialist Nitin Bagmane and a

clutch of undisclosed investors.

Deal Participant – Target

Bengaluru based Cerebrahm Innovations Pvt Ltd, which

runs mobile-based, parenting app BabyBerry, founded in

2014 by Balasubramanian Venkatachalam, Subhashini

Subramaniam and Dev Vig, helps parents keep track of

their baby’s overall growth and development by providing

a 360-degree experience, covering things such as

vaccination charts, growth milestones, information, ‘life

logging’ tools and convenience features such as the

ability to buy evaluated and recommended products and

services.

Deal Value

Rs.6.8 Cr

Medinfi Healthcare Raises Fresh Funds

Deal Participant – Investor Fund

Angel Investor

Deal Participant – Target

Bengaluru based pure-play platform for searching doctors

and hospitals through web and mobile app, Medinfi

Healthcare, founded in 2014 by Ravi Krishna Mishra,

through its web portal and android app helps users locate

nearest doctors and hospitals for their every-day check-

ups.

Deal Value

Undisclosed

Home Services Platform Taskbob Secures Funding

Deal Participant – Investor Fund

IvyCap Ventures has launched a venture capital fund

guided by an entrepreneur-centric investment approach,

celebrate excellence, innovation, fresh ideas in sunrise

industries and most importantly, the entrepreneurial zeal

that is at the core of a business venture.

Deal Participant – Target

Mumbai-based Crenovative Ideas Pvt Ltd, which operates

home services, start-up Taskbob founded in 2014 by

Aseem Khare and Abhiroop Medhekar, provides instant

home services by sending pre-screened, verified, skilled

professional serviceman to client’s doorstep to fix their

household appliances such as AC, washing machine,

computer, refrigerator etc.

Deal Value

Rs.28 Cr

Mobile Payments Startup Juspay Secures Funding

Deal Participant – Investor Fund

Accel Partners, it is a leading early and growth-stage

venture capital firm, powering a global community of

entrepreneurs.

Deal Participant – Target

Bengaluru based Juspay Technologies Pvt Ltd., which

provides digital payments solutions, founded in 2012 by

Vimal Kumar and Ramanathan RV, offers solutions to

companies by aggregating services across net banking,

wallets and cards. It also offers payments technology

solutions to merchants. Its clientele include companies

like Amazon India, Snapdeal, Bookmyshow, Makemytrip,

Yatra, Swiggy, Freecharge, Foodpanda, and Jabong.

Deal Value

Rs.40 Cr

Social Networking Startup Affimity Secures Funding

Deal Participant – Investor Fund

Angle Investors.

Deal Participant – Target

Bengaluru and San Francisco based social networking

start-up, Affimity, founded in 2014 by Venkata Ramana,

Amar J Singh and Parveen Mittal, provides a platform for

like-minded people to meet and engage with. It is a social

media platform for users to focus on their passions and

interests.

Deal Value

Rs.8 Cr

Page 14: India Deals Snapshot February 2016

Vocational Training Provider EduBridge Raises Funds

Deal Participant – Investor Fund

The Insitor Impact Fund finances companies that offer

low-income families options for increased access to

healthcare, education, affordable housing, water

sanitation, and clean energy. The Fund will also invest in

companies whose business models increase the earning

potential of vulnerable communities and existing investor

Acumen Fund.

Deal Participant – Target

Mumbai-based Edubridge Learning Pvt Ltd, which

provides vocational training services to low-income youth,

founded in 2009 by IIM graduate Girish Singhania,

provides vocational training for low-income youth across

rural and semi-urban in India. The company currently has

60 training centres in Northeast, South and Western

India, and claims to have trained 50,000 unemployed

youth from rural India over the last five years.

Deal Value

Rs.17.1 Cr

Matrix Partners, Others Invest in B2B Marketplace

ofBusiness

Deal Participant – Investor Fund

Matrix Partners is a US-based private equity investment

firm focusing on venture capital investments. The firm

invests in seed and early stage companies in the United

States and India, particularly in the software,

communications, semiconductors, data

storage, Internet or wireless sectors.

Deal Participant – Target

Online marketplace for B2B commerce, OfBusiness

(operated by OFB Tech Pvt Ltd) founded in 2015 by Asish

Mohapatra, Bhuvan Gupta, Chandranshu, Nitin Jain,

Ruchi Kalra and Srinath Ramakkrushnan, focuses on e-

shopping of manufacturing and construction goods. The

company operates in 10 states across the country and is

active across two segments - construction and

manufacturing. It is also planning to offer healthcare

products on its platform soon.

Deal Value

Rs.34.2 Cr

Ratan Tata Invests In Home Rental Marketplace

NestAway

Deal Participant – Investor Fund

Ratan Naval Tata GBE is an Indian businessman,

investor, philanthropist and chairman Emeritus of Tata

Sons. Ratan Tata has served in various capacities in

organizations in India and abroad. He is a member of the

Prime Minister's Council on Trade and Industry and the

National Manufacturing Competitiveness Council.

Deal Participant – Target

Bengaluru based NestAway Technologies Pvt Ltd, a start-

up that runs a managed home rental marketplace,

founded in 2015 by Amarendra Sahu, Smruti Parida,

Deepak Dhar and Jitendra Jagadev, is an online

marketplace for home rentals that turns unfurnished

houses into fully-furnished and managed apartments and

provides them at affordable prices to pre-verified tenants.

Deal Value

Undisclosed

Baby Care Ecommerce Portal Hopscotch Secures

Funding

Deal Participant – Investor Fund

Facebook co-founder, Eduardo Luiz Saverin is

a Brazilian internet entrepreneur, economist and angel

investor. As of 2015, he owns 53 million Facebook

shares (approximately 0.4% of all outstanding shares)

and has a net worth of $7.2 billion (according to Forbes).

He has also invested in early-stage startups

Deal Participant – Target

Hit The Mark Inc, the company behind baby care, focused

ecommerce portal Hopscotch.in, Launched in 2012 by

Rahul Anand and Lisa Kennedy, Hopscotch, is a boutique

discovery based e-commerce start-up offering over 3,000

local and international brands across multiple product

categories including apparel, shoes, toys and

accessories, for infants and kids.

Deal Value

Rs.89 Cr

Page 15: India Deals Snapshot February 2016

55%

4%

18%

9%

9% 5%

PE/VC Deals by Sectors

E-Commerce

Education

IT/ITES

Media & Communication

Healthcare

Others

36%

64%

0% 0% 0%

PE/VC Deals by Size Rs. In (Crore)

Undisclosed

Below 100

100 - 300

300 - 500

Above 500

Page 16: India Deals Snapshot February 2016

Contact Us Mumbai Office:

21-23, T.V. Industrial Estate,

248-A, S. K. Ahire Marg,

Off. Dr. A. B. Road, Worli,

Mumbai – 400 030

Tel : +91 22 6130 6000

Mob : +91 90040 50600

Delhi Office:

9,C Hansalaya Building,

15, B.K Road,

New Delhi – 110 001

Tel : +91 11 2335 0635

Mob : +91 99585 62211

Ahmedabad Office:

912, Venus Atlantis

Anand Nagar Road,

Prahaladnagar,

Ahmedabad – 380 015

Tel : +91 79 4050 6000

Mob : +91 97243 44446

Bangalore Office:

Unit no. 104, 1st Floor,

Sufiya Elite, # 18,

Cunningham Road,

Bangalore – 560 052.

Tel: +91 80 4112 8593

Tel: +91 97435 50600

New York Office :

24, Mission Dr.

Monroe Township,

NJ 08831, USA

Email : [email protected]

Mob: +1 813 751 6474

Dubai Office :

ABCN, P. O. Box 183125,

4th Floor, Block-B,

Business Village, Deira,

Dubai, UAE

Tel : +971 4 230 6085

Mob: +971 55 478 6464

Singapore Office:

17, Phillip Street,

#05-01, Grand Building,

Singapore-048 695

Tel : +65 3108 0250

Advisory Services

Strategic & Risk Advisory Services

Techno economic Feasibility Studies

Economic Viability & Financial Appraisal

Business Plan Formulation

Technical Assurance Services

Technical Due Diligence Reviews for M & A

Lender’s & Investor’s Engineer Services

Independent Engineer’s Services

Technical Opinion and Audits

Chartered Engineers Opinion & Certification

Project Cost Investigation and Forensic Advisory

Project Appraisal and Monitoring

Valuation

Business Valuation

Valuation of Brands, Intangible Assets & Intellectual Property

Valuation of Financial Securities, Instruments and Derivatives

Valuation of Industrial Assets, Plant & Machinery

Valuation of Real Estate

Valuation of Infrastructure Assets & Specialized Assets

Purchase Price Allocations for Mergers & Acquisitions

Impairment Studies for Tangible Assets

Impairment Studies for Intangible Assets & Goodwill

Mines, Mineral Advisory and Valuation

Valuation of ESOPs and Sweat Equity

Valuation for Tax, Transfer Pricing and Company Law Matters

Fairness Opinions

Investment Banking

(SEBI Registered Category I Merchant Bank)

Mergers & Acquisitions

Transaction Structuring & Advisory

Due Diligence - Financial, Tax and Business

Fairness Opinions

Corporate Finance & Advisory

Private Equity and Venture Capital

Debt Solutions and Syndications

Partner Search and Joint Ventures

Corporate Restructuring, Business Reorganization

Financial Advisory for Dispute & Litigation

Valuation & Financial Advisory Services

Loss Assessment, Damages & Loss of Profit Analysis

Independent Expert testimony

Anti-trust & Competition Advisory

Post-Acquisition Disputes, JV & Shareholder Disputes

Civil & Construction Disputes, Real Estate Disputes

Environment Damage Assessment

Intellectual Property Rights dispute

Forensic Audit

Disclaimer To the extent this report relates to information prepared by RBSA Advisors, it is furnished to the recipient for advertising and general information purposes only. This report and other research material may also be found on our website at www.rbsa.in. Each recipient should conduct its own investigation and analysis of any such information contained in this report. No recipient is entitled to rely on the work of RBSA contained in this report for any purpose. RBSA makes no representations or warranties regarding the accuracy or completeness of such information and expressly disclaims any and all liabilities based on such information or on omissions there from

RBSA - Range of Services