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Page 1: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

India Deals

Snapshot

March 2015

Page 2: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Snapshot of Mergers & Acquisitions Update for March 2015

4

Mergers & Acquisitions Deals for March, 2015 5 - 10

Summary of Mergers & Acquisitions Update 11

Snapshot of PE / VC Update for March, 2015 12-13

PE / VC Deals for March, 2015 14 - 33

Summary of PE / VC Update 34

Real Estate Deals for March, 2015 35

RBSA Range of Services 36

Contact Us 37

Index

Page 3: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Merger & Acquisition Update

Page 4: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Snapshot of Mergers & Acquisitions

Update for March 2015

Acquirer Target Sector Stake Cr.

Ola Cabs Taxi for Sure Automobile N.A. 1,240

Filatex Fashion Vogue4All E-commerce N.A. 40

Super Viraltrics IT/TES N.A. N.A.

Brick Eagle TMC(Karjat) Real Estate N.A. 300

8k Miles MindprintInc IT/TES N.A. 2.5

Flipkart AdlQuity E-commerce N.A. N.A.

Pricol Denso Corporation Automobile 49% 20

NewsHunt Vauntz Others N.A. N.A.

YouTellMe Priceburp E-commerce N.A. N.A.

Embibe 100Marks Others N.A. N.A.

Super CrunchCommerce E-commerce N.A. N.A.

Fortune Financial Services Inga Capital Others N.A. N.A.

Housing.com IREF Real Estate N.A. 8

Shiroki Corporation Technico Industries Manufacturing 51% N.A.

Cadilla Zydus BSV Pharma HealthCare 50% N.A.

Livspace DezignUp E-commerce N.A. N.A.

Prodapt Solutions VDVL Consultants IT/TES N.A. N.A.

Ebixine ViaMediaHealth HealthCare N.A. N.A.

IntasPharma Combino Pharm HealthCare N.A. N.A.

NewsCorp VCCircle Others N.A. N.A.

Hinduja Global Services Colibriumm Partners Others N.A. N.A.

Amtek Auto Scholz Edelstahl Automobile 100% N.A.

Hindustan Unilever Bhavishya Alliance Others 75% N.A.

Snapdeal GoJavas E-commerce N.A. 500-700

Page 5: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

M e r g e r s & Ac q u i s i t i o n s D e a l s

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Ola buys TaxiForSure for $200M in cash and stock dealDeal Participant – AcquirerANI Technologies Pvt Ltd which runs Olacabs.com wasincorporated in 2010 and is based in Mumbai, India. Itprovides an online marketplace for booking cabs and carrentals in India.Deal Participant – TargetSerendipity InfolabsPvt Ltd which runs TaxiForSure founded in2011 and is based in Bengaluru, India. It operates a taxibooking portal that enables consumers to book taxis online inIndia. It offers TaxiForSure.com, an aggregator of car rentalsand taxis that provide various services, including airporttransfer, outstation car hire, local car hire and holidaypackages.Deal ValueRs 1,240 croreSynergy BenefitsPost this acquisition; the combined entity will be strong andcapitalized to offer the best value to all theirstakeholders, including their customers.

Job Search App Super Acquires Mobile SDK Startup ViraltricsDeal Participant – AcquirerSuper, a tinder for jobs facilitates matching job seekers andemployers through the app. The app began as a Super ResumeBuilder by Faisal Memon, the Founder & CEO and istransforming the app into a full time recruitment portal andplans to come up with a chatting feature to connect the twofrom the current emails.Deal Participant – TargetViraltrics was founded in 2014 (Formerly known asWiGi), allows mobile apps to acquire and engage usersthrough ready-to-use growth hacking solutions. The appsdashboard allows developers create either a referral, referralreward or notification trigger and map it to the trigger pointsin the app. The app works on a SaaS model.Deal ValueUndisclosedSynergy BenefitsPost the acquisition the company claims to have over half amillion app downloads on Android.

Brick Eagle acquires affordable housing project TMC at KarjatDeal Participant – AcquirerBrick Eagle Capital Group is based in Maharashtra, India. It is areal estate investment firm specializing in investments in landand housing. It is a financial services platform for theaffordable housing industry and they are working to correctthis imbalance.Deal Participant – TargetTanaji Malusare City is a 105 acre township project inKarjat, Mumbai. Karjat is one of the MMRDA’s focal points todecongest Mumbai. MMRDA intends to convert Karjat into asatellite township with world class infrastructure on the linesof a self sustained business city.Deal ValueRs. 300 croreSynergy BenefitsThe Township project is being developed by Sheltrex, which isan incubated developer of Brick Eagle Group. With TMCrevived as Sheltrex, Brick eagle will have a stronger offering forcustomers, old and new, with a range of amenities in a Smarttownship.

Filatex Fashion Buys Ecommerce Portal Vogue4allDeal Participant – AcquirerFilatex Fashions is based in Hyderabad, India. It engages in themanufacture and sale of knitted socks in India. It also involvesthe trade of textile products. It manufactures branded socksfor popular brands like Fila, VIP, Centro, Adam Phillip andInmark.Deal Participant – TargetVogue4all.com is the ultimate online store for global designerwear collection. Here one can find new and budding designersas well as big names in fashion designing world showcasingtheir masterpieces at best affordable price. They become thebridge between the big designers and buddying designers allover the worldDeal ValueRs. 40 CrSynergy BenefitsPost the deal, the site is likely to rebranded and relaunched asa multi-brand ecommerce site. It would expand the company’sonline presence.

Page 6: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

8K Miles Software Buys MindPrintInc's AssetsDeal Participant – Acquirer8K Miles Software Services Limited was incorporated in 1993and is based in Chennai, India. It enables enterprises and smalland medium businesses to integrate cloud computing intotheir information technology and business strategies. Itprovides online services; and federated identity managementservices for large distributed enterprises, governmentagencies and small and medium service providers.Deal Participant – TargetMindPrintInc was founded in 2010. Itdesigns, develops, implements and supports cloud-basedcustom Enterprise Software for the Clinical Research market. Itspecializes in mapping complex requirements into simple andhighly effective Enterprise Software systems that bring scaleand stability to organization’s operations.Deal Value$400KSynergy BenefitsMindprint's deep domain knowledge of CRO andpharmaceutical outsourcing operations will provide 8K Milesadditional competitive advantage to capitalize on the growthpotential in the related markets in India and abroad.

Flipkart Acquires Mobile Ad Network Company AdIQuityDeal Participant – AcquirerFlipkart (Company) was founded in 2007 by SachinBansal and Binny Bansal. They had been workingfor Amazon.com previously. The business was formallyincorporated as a company in October 2007 as Flipkart OnlineServices Pvt. Ltd. Flipkart now employs more than 16000people. Flipkart allows payment methods such as cash ondelivery, credit or debit card transactions, net banking, e-giftvoucher and card swipe on delivery.Deal Participant – TargetAdIQuity was incorporated in 2006 and is based inBengaluru, India. It operates a mobile ads platform thatenables application developers and mobile publishers earnhigh revenue from their mobile inventory worldwide. It alsofacilitates ad agencies, ad networks, DSPs and other mediabuyers to acquire global mobile traffic.Deal ValueUndisclosedSynergy BenefitsAdIQuity has a history of mobile innovations, extremelyvaluable experience in the ad space and a talented tech team– all of which are a great strategic fit for Flipkart.

VC Backed Mobile App NewsHunt Acqui-Hires Big DataStartup VauntzDeal Participant – AcquirerNewsHunt is a regional vernacular content aggregator.It aggregates content from 100 news sources with over25,000+ articles (daily) in over 12 languages. It recentlylaunched its ebook marketplace which has over 10 millionlocal language eBooks downloaded till date by over 2 millionusers.Deal Participant – TargetVauntz Software India Private Limited was incorporated in 22November 2013. It has three products: Hurricane, a SaaScustom Analytics system and Vaunt. They provide services inbig data processing / Analytics, Android / iOS developmentand Website & tools development.Deal ValueUndisclosedSynergy BenefitsIt is a Strategic Investment

Pricol Offloads Stake In Denso Pricol India To JV PartnerDenso CorporationDeal Participant – AcquirerDenso Corporation is founded in 1949. It is a globalautomotive components manufacturer headquartered in thecity of Kariya, Aichi Prefecture, Japan. It develops andmanufactures various auto-parts including but not limited to:Gasoline/Diesel Engine Components, Hybrid VehicleComponents, Climate Control Systems, InstrumentClusters, Air-Bag Systems, Pre-Crash Radar Systems and SparkPlugs.Deal Participant – TargetPricol Limited manufactures and sells automotive componentsin India and internationally. It was founded in 1972 but startedits production in the year 1975 based in Coimbatore. It alsomanufacture sintered components and products for fleetmanagement solutions.Deal Value:Rs. 20 Cr.Synergy BenefitsPost the acquisition Denso Pricol India has become a whollyowned subsidiary of Japan’s Denso Corporation.

M e r g e r s & Ac q u i s i t i o n s D e a l s

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Page 7: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Price comparison site YouTellMe acquires coupons portalPriceburp.comDeal Participant – AcquirerYouTellMe Media Pvt Ltd was incorporated in 2014 and isbased in Mumbai, India. It operates an online pricecomparison site in India. It enables users to compare productfeatures across similar products and also compare pricesacross various online retailers in categories.Deal Participant – TargetPriceburp.com was founded in 2011 and is based inMumbai, India. It operates a coupon based Website that offersdiscount coupons, coupon codes, promotional offers andothers for various products from online stores in India. Inother words, they will get you the right coupons and codes tohelp you save money every time you shop. Real people andreal reviews assist you to make an informed buying decisionand get the best price on the product of your choice.Deal ValueUndisclosedSynergy BenefitsThe company is planning to raise $1-1.5 million (Rs 6-10 crore)in its Series A round of funding in a few months. The funds willbe used for further development of the productoffering, hiring talent, as well as for marketing

Edu-Tech Startup Embibe Acquires Student Guidance Portal100MarksDeal Participant – AcquirerEmbibe.com owned by Indiavidual Learning Pvt Ltd wasfounded in 2012 by Aditi Avasthi, and is based inMumbai, India. It develops and operates an online testpreparation portal. It offers online test papers for engineeringaspirants to crack their competitive exams like IIT JEE andBITSAT. Apart from this, it leverages technology to offerpersonalized analytics to students around performancemetrics like speed, accuracy, time management, attemptplanning, stamina.Deal Participant – Target100Marks is an online student guidance portal run bySuperedge Technologies Pvt Ltd was incorporated in 2012 andis based in Gurgaon, India. It is an e-learning company, offerson-line test assessment and adaptive learning solutions. Itoffers question banks helping engineering entrance students.Deal ValueUndisclosedSynergy BenefitsBoth Embibe and 100Marks share a common vision of helpingstudents score higher and it was only logical for the two tocome together in an effort to create the strongest platform fortest preparation in India.

Recruitment App Super Acquires CrunchCommerceDeal Participant – AcquirerSuper began as a mobile resume builder in 2013, facilitatingmatching job seekers and employers through the app. Its aimis to help companies connect with the right candidatesthrough an algorithm that looks at the resume and keywordsin an employer’s description to make a match.Deal Participant – TargetCrunchCommerce is a bootstrapped company with SaaSproducts for eCommerce companies that want to go mobile. Itallows its clients to build and manage their mobile commercefor users through a SaaS model.Deal Value:UndisclosedSynergy Benefits:Post the acquisition Crunch Founder and its entire team willnow be part of Super and with this deal Crunch would seek toleverage on Super’s user base which will make them fastestgrowing mobile startup in India.

Fortune Financial Services Acquires Inga CapitalDeal Participant – AcquirerFortune Financial Services (India) Limited was incorporated inthe year 1991. It is engaged in providing a range of financialservices which includes equities and derivatives trading, equityresearch, commodities trading, portfolio managementservices, distribution of mutual funds, IPO & insuranceproducts and also investment banking services.Deal Participant – TargetInga Capital Private Limited, incorporated on November2, 1999 is based in Mumbai, India. It offers advisory services inthe areas of Mergers & Acquisitions, IPO's, DebtSyndication, financial restructuring, buybacks, joint venturesand entry strategy advisory.Deal ValueUndisclosedSynergy BenefitsIt is a Strategic Investment

M e r g e r s & Ac q u i s i t i o n s D e a l s

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Page 8: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Housing.com Acquires Online Discussion Platform Indian RealEstate ForumDeal Participant – AcquirerHousing.com is a Mumbai-based real estate search portalwhich allows customers to search for housing based ongeography, number of rooms, and various other filtersDeal Participant – TargetIndian Real Estate Forum (IREF) is a social networking platformfor the real estate community. The site gives information suchas new projects, developers, localities, brokers and plots thathelps buyers gather information before making the purchase.It is known for holding user-generated but moderateddiscussions on topics largely related toproperties, development status, pricing, market trends, etc.Deal Value:Rs. 8 Cr.Synergy BenefitsPost the acquisition, IREF would operate independently underone of Housing.com. Through the deal Housing.com seeks tolaunch ask me anything (AMA) forum on IREF to address theusers queries.

Shiroki Corporation Acquires Majority Stake In JV WithTechnicoDeal Participant – AcquirerShiroki Corporation was founded in 1946 and is headquarteredin Toyokawa, Japan. It develops, manufactures, and sellsvarious interior and exterior components for automobilesworldwide. In 1988, the company name was changed to the"SHIROKI Corporation." Shiroki develops, manufactures andsells worldwide a variety of interior and exterior componentsfor automobiles.Deal Participant – TargetTechnico Industries Ltd. was founded in 1972 and is based inGurgaon, India. It manufactures automotive components. Itoffers window regulators, door and hood hinges, seatsliders, seat recliners, shift towers, gear shifters, and sheetcomponentsDeal Value:UndisclosedSynergy BenefitsThe deal will give the benefit to the company of latesttechnology and design support.

Cadila Acquires Bharat Serums' Stake In Zydus BSV PharmaDeal Participant – AcquirerCadila Healthcare Limited was founded by Late Mr. RamanbhaiB. Patel in 1952 and is headquartered in Ahmedabad, India. Itdiscovers, develops, manufactures, and markets a range ofhealthcare products worldwide. In 1995, the grouprestructured its operations and Cadila Healthcare came intobeing under the aegis of the Zydus group.Deal Participant – TargetZydus BSV Pharma Pvt. Ltd., founded in 2005 is a joint venturecompany of Zydus Cadila, a global healthcare company andBharat Serums and Vaccines Limited (BSV). Itdevelops, manufactures and markets non-infringing andproprietary Novel Drug Delivery System (NDDS) of approvedanti-cancer agents for global markets. It also offers ContractManufacturing capabilities based on its modern facility andexperience in the Oncology injectable product manufacturingarea.Deal Value:UndisclosedSynergy BenefitsPost this acquisition, Zydus BSV has become a wholly-ownedsubsidiary of Cadila Healthcare.

M e r g e r s & Ac q u i s i t i o n s D e a l s

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Amtek Auto Acquires German Forging CompanyScholzEdelstahlDeal Participant – AcquirerAmtek Auto Limited was incorporated in 1988 and is based inNew Delhi, India. It manufactures and sells automotivecomponents in India and internationally. It offers its productsfor passenger cars, two or three wheelers and light and heavycommercial vehicles; and tractors, locomotivecomponents, railways, construction and earth movingvehicles, aerospace and oil and gas.Deal Participant – TargetScholzEdelstahl GmbH was founded in 1991 and is based inEssingen, Germany. It provides steel processing and finishingservices and supplies stainless steel products. Scholz is a highquality hot die forgings manufacturer for both auto and non-auto component industriesDeal ValueUndisclosedSynergy BenefitsThrough this acquisition Amtek Auto will capitalize Scholz'sstrong customer relationships and large supportinginfrastructure to drive backward integration into their groupcompanies

Page 9: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Prodapt Solutions Buys VDVL ConsultantsDeal Participant – AcquirerProdapt Solutions was incorporated in 1999 and isheadquartered in Chennai, India. It is a part of 120 year oldbusiness conglomerate, Jhaver Group. With over 13000 peopleacross 60+ locations around the world, the group hasbusinesses in - ITServices, Healthcare, Chemicals, Pharmaceuticals, Agro-chemicals, Textiles, Apparel accessories & BPO industry. Itprovides information technology and engineering services witha focus on telecommunication industry. They work withCommunications Service Providers (CSPs), ISVs and NEMcustomers.Deal Participant – TargetVDVL Consultants was incorporated in 1992.VDVLConsultants, over a span of 25 years, has built a strong trackrecord by servicing most of the large telecom operators in TheNetherlands. It provides BSS/OSS Architecture &Design, Business Process Analysis and Definition.Deal ValueUndisclosedSynergy BenefitsThis consolidation will strengthen Prodapt’s deliverycapabilities for both wireline, wireless and convergentoperators; especially in the area of BSS/OSS and networkintegration solutions and further strengthen its position as aleading global player exclusively focused on thecommunications industry.

Ebix Inc Acquires Health Communication Agency Via MediaHealthDeal Participant – AcquirerEbix, Inc. was founded in 1976 and is headquartered inAtlanta, Georgia. It provides software and e-commercesolutions to the insurance industry. It provides a series ofapplication software products for the insurance industryranging from carrier systems, agency systems and exchangesto custom software development for all entities involved inthe insurance and financial industries.Deal Participant – TargetVia Media Health Communication Pvt. Ltd. was founded in2001 and is headquartered in New Delhi, India. It offerscommunication solutions for the healthcare industry. Itssolutions engage consumers to better understand theirhealth, wellness and benefits choices and provide the tools toassist them in making personalized health and benefitsdecisions, while helping health care organizations andemployers reduce the costs of health care and benefitsadministration.Deal ValueUndisclosedSynergy BenefitsA.D.A.M. (Animated Dissection of Anatomy for Medicine) is abusiness unit of Ebix, Post the acquisition Via Media Health willbe immediately integrated into its A.D.A.M. HealthInformation Exchange Division and will be known as A.D.A.MIndia. Via Media Health’s acquisition will provide A.D.A.M.immediate access to clients.

Temasek Backed Intas Pharma Acquires Spanish DrugMaker's Hospital UnitDeal Participant – AcquirerIntas Pharmaceuticals Ltd. engages in thedevelopment, manufacture, and marketing of pharmaceuticalformulations. It was founded in 1985 and is based inAhmedabad.Deal Participant – TargetCombino Pharm was founded in 1996 and is engaged indeveloping and marketing generic medicines for both theretail and hospital markets in Spain. It sells its products tovisiting doctors, pharmacies, hospitals, and genericpharmaceutical laboratories worldwide.Deal ValueUndisclosedSynergy BenefitsPost the deal, Intas would become the second largest hospitalgeneric player in Spain.

M e r g e r s & Ac q u i s i t i o n s D e a l s

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VC Backed Home Decor E-tailer LivSpace Acquires DezignUpDeal Participant – AcquirerBengaluru-based LivSpace, an e-commerce startup in thehome design and decor space, seeks to help new home buyersselect interior design for their homes through a catalogue andthen buy the combined sets. It has an in-house design teamand selected designers, who build the catalogue.Deal Participant – TargetDezignUp is an online community where homeowners anddesign enthusiasts discover inspirations, interiordesigners, architects and designer products to design a home.Deal Value:UndisclosedSynergy BenefitsPost-acquisition, Livspace will offer even more scale andchoice to homeowners as they design their homes.

Page 10: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

NewsCorp completes acquisition of VCCircleDeal Participant – AcquirerNews Corp is a global, diversified media and informationservices company focused on creating and distributingauthoritative and engaging content to consumers throughoutthe world. It businesses comprises across a range ofmedia, including: news and information services, bookpublishing, cable network programming in Australia.Headquartered in New York, the activities of News Corp areconducted primarily in the United States, Australia, and theUnited Kingdom.Deal Participant – TargetThe VCCircle Network, founded in 2005 is owned by NewDelhi-headquartered Mosaic Media Ventures Pvt Ltd, a leadingonline financial data and information services group. It is thepre-eminent source of information, data and analysis for theIndian investment ecosystem. It tracks M&A, venturecapital, private equity, investment banking, and emergingcompanies and sectors.Deal Value:UndisclosedSynergy BenefitsThe deal will help NewsCorp to speed up its growth plans andbuilding on a strong foundation created by proprietarydata, information, content, and networking capabilities inIndia’s digital business world.

Hinduja Global Solutions Buys Insurance Focused Cloud TechFirm ColibriumDeal Participant – AcquirerHinduja Global Solutions (a BPO unit of Hinduja Group) wasfounded in 1973 and is headquartered in Bangalore, India. Itoffers voice and non-voice based services, such as contactcentre, back office transaction processing, and customizedinformation technology solutions in NorthAmerica, Europe, and Asia.Deal Participant – TargetColibrium Partners, LLC was founded in 2005 and is based inAtlanta, Georgia. It offers health insurance software productsand services. It focuses on sales, service and wellnessautomation in the health insurance industry It has developed acloud-based platform that facilitates end-to-end work flowautomation capability to healthcare service providers.Deal Value:UndisclosedSynergy BenefitsThe acquisition would bring complementary platform andservicing capabilities to HGS in sales and enrollment areas forthe US and global health insurers. The cloud-based platformfor online self-service combined with a pool of licensed healthinsurance agents are the key drivers behind this acquisition,

M e r g e r s & Ac q u i s i t i o n s D e a l s

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Snapdeal Invests In Jabong's Spun Out Logistics CompanyGoJavasDeal Participant – AcquirerSnapdeal.com was started in February 2010 by Kunal Bahl andRohit Bansal, as a daily deals platform inspiredby Groupon.com but expanded in September 2011 to becomean online marketplace. It has grown to become one of thelargest online marketplaces in India offering an assortment of4 million+ products across diverse categories from over 50,000sellers.Deal Participant – TargetGoJavas was founded in 2013, with the vision of becoming anindustry leader in providing reliable, time-bound logistics andsupply-chain solutions to its business partners. GoJaVAS teamhas over half a century of cumulative experience in e-commerce, traditional logistics, new age logistics, supply-chainetc.Deal Value:Rs 120 Cr.

Hindustan Unilever acquires remaining 75% stake inBhavishya AllianceDeal Participant – AcquirerHindustan Unilever Limited (HUL) is an Indian consumergoods company based in Mumbai, Maharashtra. It is owned byAnglo-Dutch Company Unilever, which owns a 67% controllingshare in HUL. HUL's products includefoods, beverages, cleaning agents and personal care products.HUL was established in 1933 as Lever Brothers and, in1956, became known as Hindustan Lever Limited, as a result ofa merger between Lever Brothers.Deal Participant – TargetThe Bhavishya Alliance was established in 2006 by TheSynergos Institute, Unilever and UNICEF as a nonprofitorganization to tackle the intractable challenge of child under-nutrition. As a uniquely multi-sectoral strategic alliance inIndia, it sought to develop a cohesive response to child under-nutrition in target areas in the State of Maharashtra.Deal Value:Undisclosed

Page 11: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

3%

12%

6%

22%

13%

22%

13%

6%

3%

M&A Deals by Sector Food & Beverages

Healthcare

Manufacturing

Other

Automobile

E-Commerce

Healthcare

Real Estate

Media & Entertainment

Summary of Mergers & Acquisitions Update

75%

14%

4%0%

7%

No of M&A Deals by Size (Rs Crore)

Undisclosed

below 100

100 - 300

300 - 500

above 500

Page 12: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

PE / VC Update

Page 13: India Deals Snapshot March 2015rbsa.in/Newsletters/RBSA India Deals Snapshot - March, 2015.pdf · March 2015 4 Mergers & Acquisitions Deals for March, 2015 5 - 10 ... Flipkart (Company)

Investor Target Sector Stake Cr.

IDG Ventures, Jungle, India Quotient Momoe Technologies E-Commerce N.A. 7.2

Helion Venture/ Kae Capital Truly MadlyMedia &

Entertainment N.A. 35

Piramal Fund Management Ashiana Homes Real- Estate N.A. 66

Volvo Eicher Motors Automobile 8.70% 1920

Maverick Capital Vserv IT/TES N.A. 90

Custom Furnish Others N.A. 16

Angel Investor InstaLively IT/TES N.A. 75

HNI Corporation Kashmir Finance Education N.A. N.A.

West-Bridge Greenply Infrastructure 12.80% 63

SAIF Niffler IT/TES N.A. 6

Avenue Venture Partners Assetz Property Real- Estate 33% N.A.

(Name Undiscloaed) SAIF Partners NBFC N.A. 2,200

Shrem Strategies LocalBanya Others N.A. N.A.

(Name Undiscloaed) MapMyGenome Healthcare N.A. 7

(Name Undiscloaed) Bite Club IT/TES N.A. N.A.

Ashok Ajmera FlywithVIP Others N.A. N.A.

India Angel Network Services Process9 N.A. 9

Kalaari Capital Crowdfire Others N.A. 15

Snapdeal RoutofyMedia &

Entertainment N.A. N.A.

IIFL & India Alternative PEF Credit Information Bureau NBFC 4% 63

Tiger Global ChargeBee Others N.A. 31

Xander Group Inc. Kumar Urban Development Real- Estate N.A. 280

Exfinity Fund LensBricks IT/TES N.A. 6.3

Ventureast Fund Advisors DiabetOmics Healthcare N.A. 31

Sequoia Capital Groupon (India) Others N.A. 126

Tiger Global Moon Frog IT/TES N.A. 94

(Name Undiscloaed) Orobind IT/TES N.A. 1,200

(Name Undiscloaed) Qyk E-Commerce N.A. N.A.

Kae Capital Daily Rounds IT/TES N.A. 3Ratan Tata Paytm Others N.A. N.A.

IDG Ventures, InMobi Founder NestAway Technologies Others N.A. 8

Motilal Oswal Real Estate Rajesh Lifespaces Real- Estate N.A. 113

Bonito Designs Slyds Services IT/TES N.A. 0.5

Kedaara Capital Parksons Packaging Others N.A. 200

RBL Bank Trifecta Capital NBFC N.A. 50

CA Media & Start Media Graphic IndiaMedia &

Entertainment N.A. 17.5

IDG Ventures Tripoto Others N.A. 12.5

Snapshot of PE/VC Update

for March 2015

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Investor Target Sector Stake Cr.

Valiant Capital Mahindra First Choice Wheels Automobile N.A. 94

(Name Undiscloaed) Lets Corp Others N.A. 18.8

Shine Round One Others N.A. 6

Tenninovate CollateBox IT/TES N.A. 113

Goldman Sachs Hathway Cable & Datacom Ltd IT/TES N.A. 21.4

Armat Group Harness Handitouch Education N.A. N.A.

Y Combinator Razorpay Software IT/TES N.A. 0.75

Sol Primero Cubito Others N.A. 1

PremjiInvest Cyanogen IT/TES N.A. 505

Ratan Tata & Others Grameen Capital NBFC N.A. N.A.

Rajasthan Venture Capital Mosambee Others N.A. N.A.

Lightbox Ventures Furlenco Others N.A. 38

(Name Undiscloaed) LocalOye IT/TES N.A. N.A.

Accion Venture Lab & Riana Capital Artoo IT Solutions IT/TES N.A. 5

(Name Undiscloaed) FXKart Others N.A. 12

JAFCO Asia TeaBox Food & Beverages N.A. 40

Sequoia Capital TeeweMedia &

Entertainment N.A. 11

Greenoaks Capital Oravel Stays Private Limited Others N.A. 125

Nexus Venure Partners Aryaka IT/TES N.A. 101

Ennovent Circle Anant Learning Education N.A. N.A.

Canbank Ventures Shera Energy Pvt Ltd Others N.A. 10

Piramal Fund Management BKC Slum Redevelopment Real- Estate N.A. 125

Pittie Group Chargein IT/TES N.A. 0.62

Peesh Venture Capital Start-up Others N.A. 301

Angel Investor Yogurt Lab IT/TES N.A. 0.72

Piramal Fund Management Omkar Realtors & Developers Real- Estate N.A. 1200

Aspada InI Farms Others N.A. 20

Tiger Global Limeroad E-Commerce N.A. 189

Zodius AppsDaily IT/TES N.A. 100

Tano Capital Arohan Financial NBFC 30% 60

Mayfield, Kalaari Capital TripHobo IT/TES N.A. 18

Tiger Global Roposo Others N.A. 31

YourNest Angel Fund Golflan Technology Others N.A. N.A.

Rocket Internet FoodPanda Others N.A. 688

(Name Undiscloaed) wWhere Others N.A. 1.2

(Name Undiscloaed) ePoise System Others N.A. N.A.

Snapshot of PE/VC Update

for March 2015

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Volvo Part Exits Eicher MotorsDeal Participant – ExitAB Volvo was founded in 1915 and is headquartered inGothenburg, Sweden. However the Volvo Group and VolvoCars consider themselves to have been officially founded on14 April 1927.AB Volvo began activities on 10 August 1926. Itmanufactures and sells trucks, buses, construction equipmentand marine and industrial engines. It alsodevelops, manufactures and markets equipment forconstruction and related industries.Deal Participant – TargetEicher Motors Limited manufactures automobile products andrelated components in India. It designs, manufactures andmarkets commercial vehicles, such as Eicher trucks andbuses, Volvo trucks, Eicher engineering components, and VEpower train products, as well as offers engineering designsolutions. It also manufactures and sells Royal Enfieldmotorcycles.Deal ValueRs. 1920 Cr

Helion Venture, Kae Capital Back Dating App TrulyMadlyDeal Participant – Investor FundHelion Venture Partners, LLC was founded in 2006 and isbased in Port Louis, Mauritius. It invests in seed stages. Itinvests in high growth technology powered businesses with afocus on enterprise software, onlineservices, mobility, software-as-a-service (SaaS) hosted oncloud, premise-based software, mobile, Internet, internetservices, technology products and outsourcing sectors. It looksinto consumer services, education segment, retailservices, healthcare, financial services and e-commerce.Kae Capital was founded in August 2011 and is based inMumbai, India. It is sector agnostic and is open to invest anybusiness, particularly with a focus on technology investmentsincluding mobile, e-commerce, education, healthcare andconsumer internet.Deal Participant – TargetTrulyMadly Matchmakers Pvt. Ltd founded in August 2014.Sachin Bhatia and Hitesh Dhingra teamed up with Rahul Kumarto launch TrulyMadly. It serves as platform enabling singlesfind their match. The app pulls out matches based on the userspreferencesDeal ValueRs. 35 Cr

Billing & Payments App Momoe Secures Seed Funding fromIDG Ventures, OthersDeal Participant – Investor FundIDG Ventures was founded in 1996 and is based in SanFrancisco, California. It makes mezzanine investments. Itinvests in information technology, internet and healthcaretechnology companies.Jungle Ventures is based in Singapore. It seeks to invest in e-commerce, consumerinternet, SaaS, travel, lifestyle, content/digital media, digitalmarketing, applications and cloud computing.India Quotient is based in Mumbai, India. It focuses oninvestments in B2C companies in the following sectors:internet and mobile; fashion; lifestyle; consumer finance;technology-oriented businesses in the healthcare andeducation segments; financial services; food and travel; andconsumer discretionary.Deal Participant – TargetMomoe Technologies Private Limited was founded in 2014 andis based in Bengaluru, India. It allows users to make paymentsat establishments like restaurants and stores through smartphone. With Momoe, they provide a smooth and simple wayfor people to pay. They believe mobile payments will happenand Momoe will spearhead the change. The product waslaunched to users in August.Deal Value$1.2M

Ashiana Homes Raises Funds From Piramal FundManagementDeal Participant – Investor FundPiramal Fund Management Pvt. Ltd. was founded in 1995 andis based in Mumbai, Maharashtra. It is a real estate investmentarm of Piramal Enterprises Limited specializing inredevelopment properties and residential projects. PiramalFund Management Pvt. Ltd. (Formerly IndiaReit Fund AdvisorsPvt. Ltd.) is a private equity fund with approximately $1.45billion assets under management. It provides debt and equitycapital to companies operating in India. The firm seeks toinvest in real estate sector.Deal Participant – TargetAshiana Homes was founded in 1987 and is based in NewDelhi, India. It is engaged in the development, constructionand delivery of residential and commercial projects in India. Italso provides facility management and maintenance services.Since 1997 Group has been focused in Delhi-National CapitalRegion (NCR) with development and construction ofresidential projects at GreaterNoida, Indirapuram, Ghaziabad, Gurgaon and with newProjects coming up in Bhubaneswar and Jaipur.Deal ValueRs. 66 Cr

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Kashmir Finance Secures Funding From HNI'sDeal Participant – Investor FundHNI Corporation was founded in 1944 by engineer, C. MaxwellStanley; advertising executive, Clem Hanson; and industrialdesigner, H. Wood Miller is headquartered inMuscatine, Iowa. HNI is the leading gas and wood burningfireplace manufacturer and marketer in the United States. Itengages in the design, manufacture and marketing of officefurniture and hearth products.Deal Participant – TargetKashmir Finance Private Limited began operations in July2012. Sharat Kurup is the Founder and Principal of KSFi. Itoffers loans to students pursuing job oriented vocationalcourses from the institutes delivering skill based courses. Theendeavour is to cater towards financing the education, skilland talent development needs, and also providing peripheralmarket demands in the form of products and services ofstudents, educational institutes, corporate and skilldevelopment intermediaries.Deal ValueUndisclosed

Maverick Capital Backs Mobile Marketing Startup VservDeal Participant – Investor FundMaverick Capital was founded in 1990 and is based inDallas, Texas. It is an employee owned hedge fund sponsor. Itprovides its services to pooled investment vehicles. It alsomanages funds. It invests in the public equity markets of theUnited States. The firm invests in venture-backedbiotechnology companies.Deal Participant – TargetVserv Digital Services was incorporated in 2007 and is based inMumbai, India. It provides a platform that offers mobileadvertising solutions for advertisers, developers andpublishers. It offers advertising formats and targetingcapabilities for mobile Web, applications and games, videosand 3G video voice portals, as well as media mobilecampaigns. Its application analytics provides real-timeaccurate data to developers about how consumers are usingtheir mobile applications.Deal ValueRs. 90 Cr

Event Broadcasting Startup InstaLively Secures AngelInvestmentDeal Participant – Investor FundThe angel investor’s names and stake given out remainsundisclosed.Deal Participant – TargetInstaLively was founded in 2014. Its platform helps broadcastany event LIVE in just a single click and directly link it up toYoutube Channel. Its focus is on Instant Video/ AudioDigitization on low 3G bandwidths using just a Mobile app -Making it as simple and cost-effective as possible for theeveryday enterprise to create/ broadcast content from anylocation, thereby democratizing Online Video.Deal Value$120K

Furniture E-Tailer Custom Furnish Secures Seed FundingDeal Participant – Investor FundA group of angel Investors which includes Mr. Satish Reddywho is a Indian business executive and Chairman of Dr.Reddy's Laboratories, Mr. Srinivasa Raju who is a Co-founderand Chairman of Peepul Capital and Mr. Srini Koppolu who isthe chairman of Setu Software and an angel investor based inHyderabad, India.Deal Participant – TargetCustom Furnish is an online furniture store. It customizesfurniture such as wardrobes, modular kitchens and sofas usingonline design software. You can create a fresh design orcustomize one from their extensive range. Customfurnish.comis a perfect solution for every size and every kind of house.Deal ValueRs. 16 Cr

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WestBridge raises stake in Greenply to 12.8% for around$10MDeal Participant – Investor FundWestBridge Capital Partners, LLC was founded in 2011 and isbased in Ebène, Mauritius. WestBridge was co-founded by KPBalaraj, Sumir Chadha, SK Jain and Sandeep Singhal. The sameteam of four also co-founded Sequoia Capital India. It is aprivate equity firm specializing in direct and indirectinvestments. It seeks to invest in both PIPES and public andlater stage private companies. It focuses on investments in themid-sized publicly listed companies in the financialservices, consumer services, health-care and informationtechnology sectors.Deal Participant – TargetGreenply Industries Limited was founded in 1990 and isheadquartered in Kolkata, India. It is India's largest interiorinfrastructure company with a whopping turnover of Rs. 2000crore followed by a jump of 21.64% during the last fiscal. It’san interior infrastructurecompany, manufactures, markets, and distributesplywood, laminates, particle boards and allied productsprimarily in India. It offers its products under various brandnames through 46 marketing offices.Deal Value$10M

Avenue Venture Partners exits Assetz's project Marq with33% IRRDeal Participant – Investor ExitAvenue Venture Partners is a seed-stage and early-stageventure capital private equity group. Avenue Venture PartnersInvestment Adviser LLP (AVP) is a Real Estate Private EquityFirm in India, and Real Estate investing is our only business.AVP, owned and managed by professionals, has fully alignedinterests among portfolio companies, limited partners andgeneral partners.Deal Participant – TargetAssetz Property was incorporated in 2006 and is based inBengaluru, India. It provides property development services inIndia. The company engages in developing and delivering realestate projects from land identification and inceptiondesign, construction, financing, marketing, finaloccupation, and asset management.Deal ValueUndisclosed

SAIF Partners Raises New India Focused FundDeal Participant – Investor FundGroup of 27 Investors (Names undisclosed)Deal Participant – TargetSAIF Partners was founded in 2001 and is based in Hong Kong.It invests organically and through acquisitions. It prefers toinvest in business services, education services, consumerproducts and services, cleanenergy, Internet, information, technology, media, telecom, financial services, natural resources, medical andhealthcare, travel and tourism, manufacturing, retail, e-commerce, mobile value-added services and agriculturalsector’s. Besides providing capital to winners, we support ourportfolio companies in hiring the best talent, developing astrong go-to-market strategy and bringing on board the rightset of advisors.Deal Value$350M

SAIF Partners Invests In Deal Discovery App NifflerDeal Participant – Investor FundSAIF Partners was founded in 2001 and is based in Hong Kong.It may also invest in companies which are undervalued relativeto their long-term growth prospects and special situations. Itprefers to invest in business services, educationservices, consumer products and services, cleanenergy, Internet, information, technology, media, telecom, financial services, natural resources, medical andhealthcare, travel and tourism, manufacturing, retail, e-commerce, mobile value-added services and agriculturalsectors.Deal Participant – TargetNiffler Co-founded by the investment bankers EdulPatel, Prince Arora and Viraj Shah, is a mobile app that helps tofind the best offers and rewards for completing actions atpartner stores. It also discovers deals and discounts acrossoffline stores. It generates a collection of products and newarrivals based on users’ preferences. The team has alsopartnered with big brands like McDonald’s, Ammi’sBiryani, Birdys, Cafe Moshes and Four Fountains De-Stress Spato provide exclusive offers for Niffler users.Deal ValueRs. 6 Cr

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FlyWithVIP.com Secures Funding From Ajcon Global CMDAshok AjmeraDeal Participant – Investor FundAshok Ajmera is a CA by profession, he has over 30 years ofexperience across various segments of financial industry. He isthe founder and CMD of Ajcon Global which in addition toproject consultancy and merchant banking, offers broking &corporate advisory services to several financialinstitutions, banks and corporates.Deal Participant – TargetFlywithVIP.com was founded in 2011. It is a global conceptthat ensures the adjacent seat to a celebrity in flight would beoccupied by a person who is keen to meet them rather than aperson randomly decided by the airline staff at the check-incounter.Deal ValueUndisclosed

Molecular Diagnostics Company MapMyGenome SecuresFundingDeal Participant – Investor FundGroup of angel investors which includes Mr. RajanAnandan, Managing Director and Country Head of GoogleIndia, Ms. Aarti Grover, whole Time Director of KayceeIndustries Ltd., Ms. Meera Kaul, an angel investor along withthe exposure of having worked in venture capital and privateequity domains and Ms. Sarah Dhar.Deal Participant – TargetMapMyGenome was founded by Anu Acharya in 2013. Itprovides insights into the genetic basis about individualsincluding traits, drug responses, inherited conditions anddiseases using the Genomepatri.Mapmygenome has several products for PersonalGenomics and Diagnostics. Personal Genomics productslike Genomepatri and Sugargene are not Diagnosticproducts, but allow you to understand your genetic makeup.Deal ValueRs. 7 Cr

Shrem Strategies Invests In Online Grocer LocalBanyaDeal Participant – Investor FundShrem Strategies is a part of Shrem Group established in 2011.It is a conglomerate with interest spanning across realestate, hospitality, finance, aerospace, ecommerce amongothers. As a privately owned family business, the Group isspearheaded by two brothers, Mr Nitan Chhatwal and Mr.Hitesh Chhatwal who have a collective experience of morethan 40 years in creating wealth and building business value.Deal Participant – TargetLocalBanya.com was founded in 2012 by KaranMehrotra, Amit Naik and Rashi Choudhary. It is a premieronline convenience store across with services across Mumbai& Pune. It is an online grocery store/supermarket that offers1400 household products with wide array of categories offruits and vegetables, exotic vegetables, groceries, personalcare, household supplies, detergents, kitchenware, breakfast, snacks etc.Deal ValueUndisclosed

Food Ordering App Bite Club Raises Angel FundingDeal Participant – Investor FundGroup of Angel investors which includes Powai Lake Ventures(Angel Group investor based in Mumbai),Mr. Aneesh Reddy is the Co-Founder and Chief ExecutiveOfficer of Capillary Technologies Pvt. Ltd.,Mr. Ashish Kashyap is Founder of Ibibo Group Private Limitedand serves as its Chief Executive Officer,Mr. Alok Mittal co-founded WebNeuron Services Limited. He isCo-founder of Indian Angel Network. He is an Advisors-in-Residence at VentureNursery.Deal Participant – TargetBite Club is a Gurgaon-headquartered food ordering start-up.It enables users to order meal from a dynamic changing menuthrough its Android app. The food is prepared by aggregatedpeople like home chefs, amateur chefs and professional chefs.Deal ValueUndisclosed

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Crowdfire Secures Series A Round From Kalaari CapitalDeal Participant – Investor FundKalaari Capital was founded in 2006 is a $160 million venturecapital fund with a strong advisory team in Bangalore investingin early-stage, technology-oriented companies in India. It seeksto invest in technology savvy companies and technology-enabled services for India and the global markets. It alsoinvests in materials, energy, financials, biotech and industrialssectors. They are passionate about investing in entrepreneurswho are poised to be tomorrow's global leaders. They seekcompanies that are capturing new markets, providinginnovative solutions, and creating new wealth for India andbeyond.Deal Participant – TargetCrowdfire, a social media management app (formerly knownas JustUnFollow) was founded in February, 2010It is aiming to become a social media marketingplatform, where one can create a brand for themselves andenable start-ups reach their target audienceDeal Value$2.5M

India Alternatives & IIFL's NBFC arm buys 4% of CIBIL foraround $10MDeal Participant – Investor FundIndia Alternatives Private Equity Fund specializes in mid-stagegrowth capital deals. It invests inconsumer, consumables, healthcare and pharmaceuticalssectors.IIFL Holdings Limited was founded in 1995 and is based inMumbai, India. It offers credit and finance facilities. It alsoprovides wealth advisory services and distributes a range offinancial products.Deal Participant – TargetCredit Information Bureau (India) Ltd was incorporated in2000 and is based in Mumbai, India. It collects, collates anddisseminates credit information on commercial and consumerborrowers.Deal Value$10M

Indian Angel Network Invests In Translation Software StartupProcess9Deal Participant – Investor FundIndian Angel Network Services Pvt. Ltd. was founded in 2006and is headquartered in New Delhi, India. It operates as anetwork of angel investors who invest in early stagebusinesses which includes Mr. Alok Sharma, Chief ExecutiveOfficer at Nature Eco Ventures Pvt. Ltd., Mr. SaurabhSrivastava, Head at CA Technologies, Mr. KrisGopalakrishnan, Co-founder at Infosys, Mr. AjaiChowdhary, co-Founder of HCL Technologies.Deal Participant – TargetProcess nine was founded in 2010. It is a software companywith expertise in localization technology addressingInternet, cloud and mobile application space. It works withmobile device manufacturers, eCommerce companies, mobileapp developers, content providers, eGovernance and mediacompanies enabling them to achieve Indic localization.Deal ValueRs. 9 Cr

Snapdeal Founders Invest In Travel Startup RoutofyDeal Participant – Investor FundSnapdeal.com was started in February 2010 by Kunal Bahl andRohit Bansal, as a daily deals platform inspiredby Groupon.com but expanded in September 2011 to becomean online market place. It has grown to become one of thelargest online marketplaces in India offering an assortment of4 million+ products across diverse categories from over 50,000sellers.Deal Participant – TargetRoutofy was founded in 2013. It helps users find the mostsuitable option to reach a destination by showing varioustransport options according to the need of the user, onprice, duration and comfort using its proprietary routing andmachine learning algorithms.Deal ValueUndisclosed

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ChargeBee Secures Series B Round from Tiger Global, AccelPartnersDeal Participant – Investor FundTiger Global Management, LLC was founded in 2001 and isbased in New York. It provides its services to pooledinvestment vehicles. It launches and manages hedge funds forits clients. It invests in the public equity markets across theglobe.Accel Partners was founded in 1983 and is based in PaloAlto, California. It prefers to invest in informationtechnology, cloud computing, storagetechnologies, infrastructure and E-commerce media.Deal Participant – TargetChargeBee Technologies was founded in 2011 by KrishSubramanian, Saravan, Rajaraman, Thiyagu and is based inChennai, India. It operates a subscription management andrecurring billing platform that delivers a ready plug-and-playbilling solution on the cloud. It enables users to automateonline credit card billing, track unpaid invoices and makeinformed decisions.Deal Value$5M

Realty Developer Kumar Urban Raises Funds From XanderIndia for Pune ProjectDeal Participant – Investor FundXander Group Inc. is an institutional investment firm focusedon long term, value investing. It invests primarily in companieswhich operate in theinfrastructure, hospitality, entertainment, retail and realestate sectors the firm has also enabled investors from Asia toaccess attractive opportunities in developedmarkets, especially the United States.Deal Participant – TargetKumar Urban Development Ltd. is headquartered inPune, India. It was incorporated on May 25, 1993 by Mr. LalitKumar Jain as Kumar Housing and Land Development Ltd. Itsubsequently changed its name to Kumar Urban DevelopmentLtd.in February, 2008 by following necessary corporateactions. It operates as a real estate development company inIndia. It develops commercial, residential and townshipprojects.Deal ValueRs. 280 Cr

Medical diagnostics co DiabetOmics raises $5M fromVentureast, Shantha founderDeal Participant – Investor FundVentureast Fund Advisors India Ltd. is based in Chennai, India.It invests in technology and technology-enabled sectors. It alsoinvests in information and communicationtechnology, biotechnology, sustainable agriculture, cleanenvironment technology, Internet of Things, healthcareinfrastructure, infrastructuretechnology, biogas, pharmaceutical, food, retail, consumerservices and multimedia sectors.Shantha Biotechnics was founded in 1993 and is based inHyderabad, India. It is a biotechnologycompany, researches, develops, manufactures, markets andsells vaccines.Deal Participant – TargetDiabetOmics, Inc. was founded in 2008 and is based inBeaverton, Oregon. It is a medical diagnosticscompany, engages in the non-invasive assessment andmanagement of personalized health and diabetesrisk, progression and complications.Deal Value$5M

Exfinity Fund Invests In Imaging Tech Startup LensBricksDeal Participant – Investor FundReservoir Investment Managers is the sponsor of ExfinityTechnology Fund. The USPs of the fund is that they provideanchor commitment from Icons of the Technology Industry.They also provide access to proprietary deals through the widenetwork of management team and provide differentiated andeffective incubation model for scaling investee companies.Deal Participant – TargetLensBricks develops smart sensing technology for people andtheir homes. Founded in December, 2013 and based in SiliconValley, the Lensbricks team has over 40 years of collectiveexperience in imaging technologies acrossconsumer, healthcare, enterprise,and defense sectors.Deal Value$1M

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MoonFrog Labs Secures Series A Funding From TigerGlobal, Sequoia CapitalDeal Participant – Investor FundTiger Global Management, LLC was founded in 2001 and isbased in New York. It is an employee owned hedge fundsponsor. It provides its services to pooled investment vehicles.It launches and manages hedge funds for its clients.Sequoia Capital was founded by Don Valentine in 1972 and isbased in Menlo Park, California. It seeks to invest in all sectorswith a focus on energy, financials and financialservices, healthcare and healthcareservices, Internet, mobile, outsourcing and technology.Deal Participant – TargetMoonFrog Labs was founded in 2013. It was founded byexperienced game developers committed to radicalize mobilegaming and bringing engaging entertainment to everyone.Deal Value$15M

Professional Services Marketplace Qyk Gets FundedDeal Participant – Investor FundMr. Zishaan Hayath is the Founder of Haygot Education PrivateLtd. He is building Toppr.com, online prep platform forentrance exams in India.Abhishek Goyal is CEO and co-founder at Tracxn.com.Mr. Sahil Barua is Co-Founder and Chief Executive Officer ofSSN Logistics Private Limited. He serves as the Chief ExecutiveOfficer of Delhivery and focuses primarily on Operations andBusiness Development.Deal Participant – TargetQyk is based in Bengaluru, India. It operates an online platformthat enables users to compare and hire service providers. Itenables to connect with teachers, event professionals andother professionals. It is the easiest way to get matched withquality service providers who are competent, affordable andavailable to finish the job. They will introduce you to severalinterested, available, and qualified professionals within 24hours.Deal ValueUndisclosed

Digital Journal for Doctors Daily Rounds Raises Seed FundingFrom Kae Capital, OthersDeal Participant – Investor FundKae Capital was founded in August 2011 and is based inMumbai, India. It is sector agnostic and is open to invest anybusiness, particularly with a focus on technology investmentsincluding mobile, e-commerce, education, healthcare, consumer internet and soon.GSF India is based in India. It is a venture capital firm and anaccelerator. It seeks to invest in early stage and startupcompanies. It targets mobile, media and ad tech sectors.Mr. Teruhide Sato serves as the President of Dealmate, Inc. Heserves as the President of Beenos Partners and is the Founderof Beenos Inc.Deal Participant – TargetDaily Rounds is based in Bengaluru, India. It provides a mobileapplication that serves as a medical journal for clinical cases.Its application provides a daily updated digital journal withclinical cases and challenges, review articles, recent updatesand MCQs; and enables doctors to publish their clinical cases.Deal ValueRs. 3 Cr

Personal Fitness Coach App Orobind Secures Angel FundingDeal Participant – Investor FundHarpreet Singh Grover is a Co-Founder & CEO of CoCubes.com.It is platform for online assessments for corporate, institutionsand individuals.Mr.Zishaan Hayath is the Founder of Haygot Education PrivateLimited. He is building Toppr.com, online prep platform forentrance exams in India.Deal Participant – TargetOrobind Fitness Technologies Pvt. Ltd. was launched in Dec2014. Using the Orobind app, one can order for the services ofa personal fitness, wellness or a grooming expert at yourhouse. By connecting people to trusted personal coachesthrough their apps, they make it possible for people to achievetheir health goals and create healthier communities.Deal Value$200K

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Ratan Tata Invests In Alibaba Backed PaytmDeal Participant – Investor FundMr. Ratan N. Tata serves as the Chief Advisor of Air Asia Indiaand also the Promoter of Tata Steel Ltd. He joined the TataGroup in 1962 and served as the Chairman at Tata IndustriesLtd. Before stepping down as the Chairman of the Tata Groupin 2012, Ratan Tata had already setup RNT Associates which ishis vehicle to make investments in start-ups.Deal Participant – TargetPaytm was founded in 2009 and is based in Noida, India. Itoffers online recharges and payments. Its services includemobile top-ups and recharges, post-paid bill payments, datacard recharges and bill payments, and DTH recharges.Deal ValueUndisclosed

IDG, InMobi Founder, Others Invest In Online Home RentalMarketplace NestAwayDeal Participant – Investor FundIDG Ventures was founded in 1996 and is based in SanFrancisco, California. It makes mezzanine investments. Itinvests in information technology, internet and healthcaretechnology companies.Mr. Naveen Tewari co-founded InMobi Technologies PrivateLtd. in 2006 and serves as its Chief Executive Officer.Deal Participant – TargetNestAway Technologies Private Ltd. operates online-rentalhome listing portal named ‘newstaway.in.’ It is a product fordirect stakeholders like owners and tenants as well as for thesociety at large by making cities safer.Deal ValueRs. 8 Cr

PPT Presentation Enhancer Slyds Raises Funds From BonitoDesignsDeal Participant – Investor FundBonito Designs is based in Bengaluru, India. It providesinteriors and exteriors designing and executing services forresidential, official and commercial buildings. It offers itsservices like planning & design services, visualization andconsultancy and other services for a portfolio of infrastructure.Deal Participant – TargetSlyds Services Private Ltd. was incorporated in 2014 by PankajSingh and Deepak Kumar and is based in Bengaluru, India. Itplans, writes and designs PowerPoint presentations for othercompanies. It develops and prepares new presentations bycreating a story and developing it from scratch, revises orrestyles existing presentations and teaches corporate teamshow to use creative design techniques to transform theirpresentations.Deal ValueRs. 50 Lakh

Rajesh Lifespaces Raises Funds From Motilal Oswal RealEstateDeal Participant – Investor FundMotilal Oswal and Raamdeo Agrawal, founders of MotilalOswal Private Equity together found MOPE in April 2006 and isbased in Mumbai, India. It specializes in growthcapital, buyout, mezzanine and PIPE investments in small andmedium enterprises in middle market. It invest inhealthcare, consumer driven businesses and real estateDeal Participant – TargetRajesh Lifespaces is based in India and operates as a realestate developer. It establishes the diversity to craft affordablehousing and luxury apartments spread over 8 million sq. ft. inthe western and the central suburbs of Mumbai. This hasenabled them to establish their supremacy amongst the realestate developers in Mumbai.Deal ValueRs. 113 Cr

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Kedaara Capital Backs Parksons PackagingDeal Participant – Investor FundKedaara Capital was founded in October 2011 and is based inEbene, Mauritius. It seeks to invest in consumer, financial andbusiness services, consumer durables andapparel, industrials, technology, pharmaceuticals, healthcare,agriculture, agricultural services, fertilizers and agriculturalchemicals, agricultural machinery and equipment andresources sectors.Deal Participant – TargetParksons Packaging was founded in 1996 and is based inMumbai, India. It is engaged in thedesign, production, manufacture, and supply of folding cartonsfor various industries. It also develops customized andspecialty packs for the festive season and for gifting; and retailready packs.Deal ValueRs. 200 Cr.

Venture debt firm Trifecta brings RBL Bank as anchorinvestor, ups fund size to $64MDeal Participant – Investor FundRBL Bank was founded in 1943 and is based in Kolhapur, India.It operates as a scheduled commercial bank in India. Itoperates through four segments: Corporate, WholesaleBanking, Retail Banking, Treasury and Other BankingOperations.Deal Participant – TargetTrifecta Capital is based in Gurgaon, India. It seeks to invest ininternet, technology and consumer businesses. It outsourcesservices for private and public sector clients with offices inSouth Africa, Kenya and Europe. Services include RevenueManagement, Asset Return, Stakeholder Administration andCommunication and Share Registrar Services.Deal ValueRs. 50 Cr.

Graphic India raises $2.8M led by CA Media and Start MediaDeal Participant – Investor FundCA Media LP was founded in November 2010 and is based inIndia. It is the arm the Chernin Group, LLC. It invests in newmedia, entertainment and technology sectors.Start Media is a privately held media company with interests inexhibition, feature film production and financing, contentdiscovery technology and publishing.Deal Participant – TargetGraphic India was incorporated in 2013 and founded by mediaentrepreneurs Sharad Devarajan, Gotham Chopra and SureshSeetharaman. Graphic India is owned by U.S. comic bookCompany, Liquid Comics and CA Media LP, the Asianinvestment arm of The Chernin Group, LLC (TCG).It is India’spremiere character entertainment company which focus oncreating enduring stories and heroes that foster theimaginations and fuel the inspirations of a new globalizedgeneration of youth both in India around the world.Deal ValueRs. 17.5 crore

IDG Leads Pre Series A Round In Online Travel CommunityStartup TripotoDeal Participant – Investor FundIDG Ventures was founded in 1996 and is based in SanFrancisco, California. IDG Ventures India is a leading India-focused technology venture capital fund. It makes mezzanineinvestments. The fund is part of IDG Ventures, a globalnetwork of technology venture funds with more than US$4billion under management, over 200 investee companies and10 offices across Asia and North America. It invests ininformation technology, internet and healthcare technologycompanies.Deal Participant – TargetTripoto was incorporated in 2013 and is based in NewDelhi, India. It owns and operates a platform for thecommunity of travellers around the world. It enables users todiscover travel itineraries of friends, global travellers, andcelebrities.Deal ValueRs. 12.5 Cr

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Used-car sales venture Mahindra First Choice raises $15Mfrom Valiant CapitalDeal Participant – Investor FundValiant Capital Management is a $2.7 billion global long/shortequity hedge fund founded by Christopher R. Hansen inMarch2008 and is based in San Francisco, California. It is aventure capital firm.Deal Participant – TargetMahindra First Choice Wheels Ltd was found in 1945 as a steeltrading company, they entered automotive manufacturing in1947 to bring the iconic Willys Jeep onto Indian roads. Itoperates as a subsidiary of Mahindra & Mahindra Ltd. Itoperates as a used car retailer. It offers cars through its outletsand a superstore.Deal ValueRs. 94 Cr.

Job Referrals Portal Round One Secures Pre Series A FundingDeal Participant – Investor FundShine.com is India's most innovative and fastest growingrecruitment portal. It is a career portal that brings jobopenings, latest news from industry, company profiles, resumeservices, along with advice on various aspects of job andcareer. It was launched in 2008, and within a short span of 5years, Shine.com has crossed the 1.3 crore candidatelandmark and has more than 2 lakh jobs on site. It is a part ofHT Media Limited. HT Media is in the media industry, with itsfootprint across print, digital and radio.Deal Participant – TargetRound One Network Private Ltd. was launched in 2011. It is aninternet platform that connects jobseekers with companyemployees so they can interact and earn job referrals. Set upin April 2011 by Nishant Mathur, an MBA and a ComputerScience graduate from John Hopkins University in theUS, Round One claims it has around 6,00,000 registered usersand does close to 1,000 referrals a month.Deal ValueRs. 6 Cr

Taiwan Based Angel Invests In Enterprise Tech Company LetsCorpDeal Participant – Investor FundWu Chay Chin is Taiwan based angel investor. He is theManaging Director of Merahdelima Group.Deal Participant – TargetLets Corp was incorporated in 2010 by Shravan Charya and ishead-quartered in Singapore. It is an enterprise technologycompany and focuses on intellectual property-led researchand development. It has two products LetsCareerUp &LetsPlace. LetsCarrerUp is a career management system thatbrings students, academic and employer’s together building acommunity and the other product LetsPlace offers SaaS basedRecruitment Process Automation through its research andpatented business-aligned technology.Deal ValueRs. 18.8 Cr

Cloud Based Data Sharing Startup CollateBox Secures AngelFundingDeal Participant – Investor FundTenninovate, The Entrepreneurial Network (TEN) is a group oflike-minded technology and business orientedprofessionals, with a common heritage of having workedtogether in the early years of Oracle India. Now they arepooling together their vast range of skills and expertise tobuild a collaborative start up ecosystem. (change thelanguage)M V Subramanian is a member of Indian Angel Network (IAN).He is the co-Founder of Future Focus Infotech Private Ltd. andcurrently the Managing Director of the organization.And other angels investors whose names are undisclosedDeal Participant – TargetCollateBox is a cloudbased data sharing application. It wasfounded in 2012 by Ralph Vaz and Ravindra Krishnappa.CollateBox helps employees of enterprises collect, share andact on data. It senses the data format and creates relevantdata structure with proper data validation.Deal Value$180K

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Edu-Tech Startup Harness Handitouch Raises Series AFunding; Ah Ventures ExitsDeal Participant – Investor FundArmat Group is an investment company focusing on privateequity, real estate and asset backed finance. It is designinginnovative investment solutions with a difference that comesfrom its entrepreneurial background and its very internationalvision.Deal Participant – TargetHarness Handitouch was founded in 2011 and is based inChennai, India. It operates as an educational technologycompany in India. It provides Touch-on-Cloud, a learningoperating system that extends from hardware to softwarelayer.Deal ValueUndisclosed

Online payment startup Razorpay raises $120K fromY CombinatorDeal Participant – Investor FundY Combinator was found in 2005 and is based in MountainView, California. It primarily invests in technology companieswith a focus on web and mobile applications. Some companiesmay need only seed funding while others will go throughseveral rounds. At Y Combinator, the goal is to get you throughthe first phase. This usually means to get you to the pointwhere you’ve built something impressive enough to raisemoney on a larger scale, then they can introduce you to laterstage investors—or occasionally even acquirers.Deal Participant – TargetRazorpay Software Pvt Ltd. is a Private Company incorporatedon 24 May 2013 by IIT Roorkee alumni Shashank Kumar andHarshil Mathur and is based in Jaipur. It is an online paymentgateway firm for small businesses, start-ups and othertraditional SME organisations like schools, colleges andtraining centres.Deal ValueRs. 74.7 lakh

Goldman Sachs Hikes Stake In Hathway CableDeal Participant – Investor FundThe Goldman Sachs Group, Inc. is global investmentbanking, securities and investment management firm thatprovides a wide range of financial services to a substantial anddiversified client base that includes corporations, financialinstitutions, governments and high-net-worth individuals.Founded in 1869, the firm is headquartered in New York andmaintains offices in all major financial centres around theworld.Deal Participant – TargetHathway Cable & Datacom Ltd (Formerly known as BITV CableNetworks) was acquired by Hathway Investments Pvt Ltd in1999 under the leadership of Ms. Pheroza Billimoria and Mr.Roopesh Rao. It offers four broad spheres of information andentertainment. It offers Cable TV, Digital Cable TV, BroadbandInternet, and Content.Deal ValueRs. 21.4 Cr

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Sequoia Capital Backs Groupon's Indian UnitDeal Participant – Investor FundSequoia Capital was founded by Don Valentine in 1972 and isbased in Menlo Park, California. It is a venture capital firmspecializing in incubation, seed stage, start-up stage, earlystage and growth stage investments in private companies. Italso invests in public companies. The firm seeks to invest in allsectors. It also invests in optical components;computer, subsystems and communication systems andconsumer services.Deal Participant – TargetGroupon was launched in 2011. It features daily deal on thebest things to do, see, eat and buy across India.Deal Value$20Mn

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Employee Transportation Solutions Startup Cubito RaisesFunds From Sol PrimeroDeal Participant – Investor FundSol Primero was founded in 2014. It is an early stageinvestment firm dedicated to partnering with ambitiousentrepreneurs addressing large opportunities that requireinnovation. They are long-term partners with the resources tosupport the companies through various stages of theirjourney. As entrepreneurs they want each one of theircompanies to succeed and are willing to leverage their skillsand networks to act as a multiplier on to the efforts of theirfounding teams.Deal Participant – TargetCubito was founded in 2012 and is based in Bengaluru, India. Itprovides an online technology platform that brings togetherpeople traveling on the same route in India. It offers sharedcab services for employees.Deal ValueRs. 1 Cr

Ratan Tata, Others Invest In Grameen Capital's UpcomingNBFCDeal Participant – Investor FundRatan Tata joined the Tata Group in 1962 and served as theChairman at Tata Industries Ltd. He serves as the Chief Advisorof Air Asia India and is the Promoter of Tata Steel Ltd.Shrinivas Dempo has been the Chairman of V. S. Dempo &Company Pvt. Ltd. since October, 2010. He serves as thePresident of Dempo Sports Club Private Limited. He serves asthe Non-Executive Chairman of Hindustan Foods Limited.Vikram Gandhi is the Founder of VSG Capital Advisors and alsoserves as its Chief Executive Officer. He is an Advisor at GAWACapital Partners SL. He has been a Senior Advisor at Greenhill& Co., Inc., since March 2012.Deal Participant – TargetGrameen Capital was established in 2007 as a joint venturebetween Grameen Foundation, Citicorp Finance and IFMRTrust. Green capital is part of the global Grameen family ofcompanies. Their clients are microfinanceinstitutions, affordable healthcare providers, low-costeducation firms and other dynamic and sustainableorganizations with a social development focus-from early-stage enterprises to established industry leaders.Deal ValueUndisclosed

mPOS Startup Mosambee Secures Funding from RajasthanVenture Capital, SIDBIDeal Participant – Investor FundRajasthan Venture Capital firm invest in start - up and midstage companies, operating in high growth sectors with asustainable revenue model.SIDBI Venture Capital Ltd was established in July 1999 and isbased in Mumbai, India. It is the investment arm of SmallIndustries Development Bank of India specializing direct andfund of funds investments. It seeks to makes fund of fundsinvestments in venture capital funds. It also providesincubation services.Deal Participant – TargetMosambee was founded in 2008. It is a comprehensive EMV &AADHAAR compliant tablet which provides end to endpayment solutions for Bank, Cash, Cheque, Debit and CreditCard transactions. It is their flagship product which enablesvendors to accept credit and debit cards. Then by using asimple EMV(Europay, MasterCard& Visa) device it connects toa Mobile Phone using Bluetooth Technology. Then you eitherswipe or insert your card and enter the card pin no and yourcard is authorized & the payment is done.Deal ValueUndisclosed

Premji Invest Leads Series C in Mobile OS DeveloperCyanogen IncDeal Participant – Investor FundAzim Premji is the Founder of Premji Investment and alsoserves as the Chairman of the Board of Wipro InfrastructureEngineering Ltd. and has been working quietly since 2006. Thisinvestment firm has built up positions and funded around 40publicly listed and private companies out of a corpus of $1billion (Rs4,290 crore). Its operations are shrouded in secrecyand the firm has consciously avoided building a public profile.Deal Participant – TargetCyanogen Inc was founded in 2009 by Kirt McMaster & SteveKondik and is based in Seattle, Washington. It provides acustomized, aftermarket firmware distribution for Androiddevices. It offers an open-source Android-based operatingsystem called Cyanogen Mod.Deal Value$80 M

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Online Services Marketplace LocalOye Secures AngelInvestmentDeal Participant – Investor FundHaresh Chawla is a Managing Partner at India Value FundAdvisors Private Ltd. and is also a part of the businessmanagement team. He also served as the Chief ExecutiveOfficer of TV18.Sachin Bhatia, Co-founded MakeMyTrip (India) Pvt. Ltd. in2000 and serves as its Advisor and served as its Chief StrategyOfficer.Siddarth Rao is the co-founder and CEO of Webchutney. He co-founded the agency in 1999 as a creative shop which nowoffers a range of internet marketing solutions to a largeportfolio of globally recognized brands and companies.Deal Participant – TargetLocalOye.com was found in 2013. It is an online portal thatmakes getting experts for Home, Wellness, Beauty and Events..Every expert on their platform has been personally verifiedand background checked by them..Deal ValueUndisclosed

Lightbox Backs Subscription Based Furniture Rental StartupFurlencoDeal Participant – Investor FundLightbox Ventures was founded in 2014. It specializes in early-stage startups in healthcare, consumer technology space ande-commerce. They have been operating as Sherpalo for thelast nine years, and their investmentsinclude InMobi, Cleartrip, Naukri.com and GreenDust.Deal Participant – TargetFurlenco was founded by Ajith Karimpana in Bangalore in2011. It offers a range of curated home furnitureexperiences, designed to suit the lifestyle needs of variedaudiences spanning students to families and expatriates. Itcaters to the furniture needs of a variety of people, rangingfrom expats to students.Deal ValueRs. 38 Cr

FX Dealers Marketplace Fxkart Secures FundingDeal Participant – Investor FundMushtaq Shah is the co-founding partner of QuantmetricsCapital Management.Faraz Naqvi is a Partner at QM Ventures, a private investmentgroup focusing on investments in healthcare, technology andinfrastructure and is also the founder of Avicenna CapitalManagement, a hedge fund focused on healthcare and watertechnologies.Deal Participant – TargetFxkart.com was founded in 2014. They provide the bestexchange rates available in city with local currency broker orwith loyal bank, all of it online. Foreign Currency exchangerates from various forex dealers in your city are presentedtogether in a list format. Then you are given a choice tochoose your preferred dealer not only on the basis of ‘bestrate’ and option of delivery provided by the dealer.Deal Value$2M

Accion Venture Lab, Rianta Capital Invest In Financial CRMStartup Artoo ITDeal Participant – Investor FundAccion Venture Labs invest in companies developinginnovative technologies, mobile phone-based financialservices, credit underwriting and delivery, internet and socialmedia.Rianta Capital provides investment advice and managementsupport to the trusts and investment companies.Deal Participant – TargetArtoo IT Solutions Private Ltd. was started in 2010 by SameerSegal and is based in Bengaluru, India. It develops softwaresolutions that cater to the information management needs ofsocial enterprises. Artoo improves visibility into sales effortsand also enabling companies to tailor marketing efforts, tracksales pipelines and monitor sales teams thereby reducing thecost of customer acquisition.Deal Value$500

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JAFCO Asia Leads Series A Investment in Tea E-Tailer TeaBoxDeal Participant – Investor FundJAFCO Asia has been helping entrepreneurs buildingbusinesses since 1990 in the Asia Pacific region. The parentcompany of JAFCO Asia is JAFCO Co., Ltd. ("JAFCO"), Japan'sleading and largest private equity firm. It is the venture capitalpartner for both technology related companies and investors.As a global venture capital organization, they tap theirexpertise from their three JAFCO centres which are Asia, Japanand the United States which are holistically aligned to helptheir partners achieve the success they desire.Deal Participant – TargetTeaBox started in the year 2012 by Kaushal Dugar from theestates of Darjeeling. It sources tea from the gardens inDarjeeling, Assam, Nepal and the Nilgiris, processes the sameto be offered globally through its site. It claims to have shippedover 20 million cups of teas to over 75 countries.Deal ValueRs. 40 Cr

Sequoia Leads Investment in Hardware Startup TeeweDeal Participant – Investor FundSequoia was found by Don Valentine in 1972 in MenloPark, California. It is a venture capital firm specializing inincubation, seed stage, start-up stage, early stage, and growthstage investments in private companies. It also invests inpublic companies.Deal Participant – TargetTeewe is an HDMI Dongle developed by Indian ConsumerElectronics Corporation Mango Man which is pluggedinto television and streaming media can be played frommultiple sources like Internet Videos, local contenton phone or laptop onto the big screen television in HDquality. It uses a smartphone as a remote control and acontent display medium in a usable graphic interface.Deal ValueRs. 11 Crore

Cloud startup Aryaka raises $16M from existing investors ledby NexusDeal Participant – Investor FundNexus Venture Partners is India’s leading venture capitalfund, with offices in India and Silicon Valley. It has over $600munder management and an active portfolio of over 50companies acrosstechnology, internet, media, consumer, business servicessectors.Deal Participant – TargetAryaka was found in 2009 to make WAN and Internetconnectivity better for the distributed enterprise. For manybusinesses, slow Internet connectivity hinders productivity.Aryaka’s ground-breaking WAN Optimization as a Servicesolution combines the multi-tenant, purpose-built WANOptimization technology with enterprise-grade connectivityvia a dedicated, reliable, global core network based on globallydistributed POPs and innovative first mile access andcentralized WAN and application layer visibility.Deal Value$16M

Budget Hotel Chain Oyo Rooms Raises Funds from GreenoaksCapital, Existing InvestorsDeal Participant – Investor FundGreenoaks Capital was founded in 2009. It is a privately heldglobal investment firm. It makes long-term principalinvestments in businesses across a wide range of industriesand geographies. They are an excellent support for foundersto build compounding franchisesLightspeed Venture Partners has invested in direct and cross-border Indian companies since 2004. They have investedacross several stages and sectors in India, with investmentsizes ranging from $1 to $25 million. They invest in technology-led businesses as well as in non-technology opportunities insectors such as advertising and media, businessservices, financial services, healthcare, education and retail.Sequoia was found by Don Valentine in 1972 in MenloPark, California. It is a venture capital firm specializing inincubation, seed stage, start-up stage, early stage, and growthstage investments in private companies. It also invests inpublic companies.Deal Participant – TargetOravel Stays Private Ltd. was founded in 2011 and is based inGurgaon, India. It owns and operates a budget hotel chaincalled OYO Rooms. OYO has grown from a single 11-roomhotel (OYO Rooms Huda City Centre) in Gurgaon in May 2013to 2000+ rooms across 200+ hotels. OYO Rooms aims tobecome the largest hotel network in the world.Deal ValueRs. 125 Cr

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Ennovent, Upaya Social Ventures Back Placement SupportStartup Anant LearningDeal Participant – Investor FundThe Ennovent Circle is a global, trusted and exclusive group ofindividuals and organizations working together to accelerateinnovations for sustainability in low-income markets. It is aglobal innovation company working with a range of clientswhich includesentrepreneurs, mentors, investors, foundations, developmentagencies, CSR departments, NGOs and companies since2008.They work underenergy, Food, Water, Health, Education, and other AlliedSectors.Deal Participant – TargetAnant Learning and Development Pvt. Ltd. is a venture ofindustry experts with the domain expertise in communitydevelopment and the phenomenon of inclusive growth. Theprimary goal behind forming this organisation is to ensureinclusive growth of communities’ right down to the grass rootsby blending innovative ideas with technological interventions.Deal ValueUndisclosed

CanBank VC Picks Up Stake In Shera EnergyDeal Participant – Investor FundCanbank Venture is a premier domestic Venture Capital Fundthat has invested in several companies in the last 20 years.Canbank Venture believes in adopting a General Fundphilosophy and has developed a good portfolio of investmentsin several promising sectors. The fund's corpus is contributedby Public Sector Banks and Financial Institutions and InsuranceCompanies.Deal Participant – TargetShera Energy Private Ltd. found in 2003, manufactures andexports all grades of Copper and Aluminium Rods, flats andwires, with enamelling, paper covering and fibre glass taping.They manufacture wire/rod, tube and sections ofcopper, aluminium and brasses. Their products have animpeccable performance record in many industries havingdiverse application in Transformers, Motor, Panel building andswitchgear industries.Deal ValueRs. 10 Cr

Piramal Fund Invests In BKC Slum Redevelopment ProjectDeal Participant – Investor FundPiramal Fund Management Pvt. Ltd. (Formerly IndiaReit FundAdvisors Pvt. Ltd.) is a private equity fund with approximately$1.45 billion assets under management. It provides debt andequity capital to companies operating in India. The firm seeksto invest in real estate sector. It was founded in 1995 and isbased in Mumbai, Maharashtra.Deal Participant – TargetThe project, known as BKC One, is a joint developmentbetween Kolkata-based Forum Group and Mumbai’s OmkarRealtors & Developers Pvt. Ltd. Piramal has put in capital forproject expenses and land acquisition for the first phase calledSerendipity. And the next phase includes acquisition ofdevelopment rights for adjoining slums. While the Forum willconstruct and will be in charge of sales and marketing, OmkarRealtors is taking care of the slum clearance and rehabilitationpart.Deal ValueRs. 125 Cr

Power bank provider Chargein raises $100K from PittieGroup’s family officeDeal Participant – Investor FundFounded in 1991, by Mr. Krishna Kumar Pittie, the Pittie Groupis a growing Indian Group of companies, headquartered inMumbai. It is known for the success in theestablishment, building and nurturing of diverse brands. Thecompany has also become synonymous with the creation ofniche markets for itself in sectors ranging across the industriesof Real Estate, FMCG Distribution, Media (Broadcasting) &Entertainment, Quick Service Restaurants (QSR) and E-commerce.Deal Participant – TargetChargein, is a Mumbai based start-up company, manufacturerspower banks in the shape of high-end toy cars. With a capacityof 5200 mAh, the charger shows off a flashlightthat, interestingly, happens to be the headlights of car-shapedpower bank. Charged for Rs. 1600, the company has soldabout 500 units till now.Deal ValueRs. 62 lakh

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Peesh Venture Capital raises $50M fund; launches startupaccelerator in IndiaDeal Participant –Investor FundThe fund was launched last year by Peesh Chopra (managingpartner), a theology graduate from Columbia University. PVCgenerally is the first institutional investors in new ventures andsupports them from the earliest stages of businessdevelopment through successful exit and beyond.Deal Participant – TargetIt will mainly work with startups in the ad-tech, e-commerce, gaming, education, mobile apps, enterprisesoftware, wearables and Internet of Things (IoT) space. Itsexisting portfolio companies include SerosoftSolution, Campus Bubble, GI Group, Easy Education andBlackBelt Help.Deal ValueRs. 301 Cr

Mobile Video Startup Yogurt Labs Secures FundingDeal Participant – Investor FundYogurt Labs, a mobile video production firm, has raised Rs. 72lakh ($115,190) in convertible notes from a clutch ofinvestors, including Silicon Valley-based angel investor NickAdams and Kiran Bhat.Deal Participant – TargetYogurt Labs is a startup founded by Shardul Mohite, ParamvirSingh, Vivek Parihar and Nishant Shrivastava who havedeveloped a DIY platform for creating videos. It is building amobile platform that anyone can use to easily create, veryhigh quality, storytelling style videos from a smartphone. Theplatform provides original, authentic short video contentwhich informs, engages & entertains the audience and isaccessible across all mobile platforms.Deal ValueRs 72 lac

Piramal backs Omkar's luxury project 1973 Worli with $190Mdebt fundingDeal Participant – Investor FundPiramal Fund Management Pvt. Ltd. (formerly IndiaReit FundAdvisors Pvt. Ltd.) is a private equity fund with approximately$1.45 billion assets under management. It provides debt andequity capital to companies operating in India. The firm seeksto invest in real estate sector. It was founded in 1995 and isbased in Mumbai, Maharashtra.Deal Participant – TargetSince its foundation in 2003, Omkar Realtors & Developers hascreated opulent spaces that have epitomized the pinnacle ofluxury. It is backed by a strong legacy that spans over fivedecades; Omkar is managed by second generationentrepreneurs who have carved a niche for themselves in theworld of real estate. The board is a combination of a seasonedteam of professionals with expertise in realestate, infrastructure, steel manufacturing, oilexploration, shipping and construction.Deal ValueRs. 1200 Cr

Aspada Invests In Horticulture Company InI FarmsDeal Participant – Investor FundAspada is an entrepreneur centric venture capital firm. Theyprovide early stage risk capital to driven teams buildinginnovative businesses in India that help in the economicadvancement of underserved populations through access tomarkets, essential services and capital.Deal Participant – TargetInI Farms found in 2009, is a horticulture company focused onPomegranates and Bananas. InI Farms controls and directs theoperations in chosen products from farming to consumption.This includes doing large scale farm-leveloperations, managing and controlling the process rightthrough-out the supply chain and supplying the fruit across theworld to large importers and retailers.Deal ValueRs. 20 Cr

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Tiger Global Lead Investment In Online Shopping PortalLimeRoadDeal Participant – Investor FundTiger Global Management, LLC is an employee owned hedgefund sponsor. It provides its services to pooled investmentvehicles. The firm launches and manages hedge funds for itsclients. It invests in the public equity markets across the globe.The firm employs long/short strategy to make its investments.It uses fundamental analysis to create its portfolio. The firmemploys a combination of in-house and external research tomake its investments. It also manages private equity funds.Deal Participant - TargetLimeRoad operates an online social platform for women todiscover, share and shop the best of lifestyle products. Itallows one to shop-by-city, shop-by-brand, or shop-by-flagshipstore, where one can browse and connect with shops, brandsand retailers of your choice.Deal Value$ 30 Mn

Tano Capital To Back Micro Lender Arohan FinancialDeal Participant – Investment FundTano Capital is an alternative asset management firm founded in2004 by Chuck Johnson. The firm invests in the alternativeinvestments markets across the globe with a focus on India andChina. For private equity and venture capital investments, thefirm focuses on early venture, buyout, PIPES, and growth capitalinvestments in middle market companies.Deal Participant - TargetArohan Financial Services (P) Ltd. started its operation in 2006with initial support from Bellwether and then from IndiaFinancial Inclusion Fund and Michael & Susan Dell Foundation.IntelleCash, an incubation/capacity building company investedto take a controlling stake in Arohan along with AavishkaarGoodwell, a microfinance focused fund. It is now an integral partof the Intellecap Group which has over 10 years of businessconsulting, investment banking and research & eventsexperience in development sector in India.Deal ValueRs. 60 Cr

AppsDaily raises $16M in Series C funding led by Zodius;Mumbai Angels part-exitDeal Participant – Investor FundAppsDaily started their journey in 2009, knowing fully-well, that the Smartphone was the vehicle and mobileapplications were the solution to simplify and speed-up life.They pivoted their vision on the growth of smartphones whichis projected to reach over 500 million customers in India by2018.Deal Participant – TargetZodius invests in and actively develops high growth andmarket-defining India-centric businesses targeting theEnterprise Software & Services, Big Data & Analytics andConsumer Mobile/Internet markets. The strong advisory teambased in Mumbai adds significant domainexpertise, operational experience and global networks to theportfolio companies in order to develop them as highly valuedmarket leaders in both Indian and global markets.Deal ValueRs. 100 Cr

Trip planner TripHobo raises $3M in Series B from Mayfield &Kalaari CapitalDeal Participant – Investor FundSince 1969, Mayfield pursues a global strategy with a focus onUS, India and China. They focus on technology and non-technology investments in India based companies. Kalaari is a$160 million venture capital fund with a strong advisory teamin Bangalore investing in early- stage, technology-orientedcompanies in India. They seek companies that are capturingnew markets, providing innovative solutions and creating newwealth for India and beyond.Deal Participant – TargetTriphobo is a visual algorithmic trip planner which allows usersto choose where they want to travel, suggestsattractions, helps plan each trip day in detail and makebookings of the same through the platform. At the backend, itruns an algorithm to optimize the trip taking into accounttravel distances, open/ close timings, preferred mode oftransportation, etc.Deal Value$3M

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Fashion-focused social network Roposo led by Tiger GlobalDeal Participant – Investor FundTiger Global Management, LLC is an employee owned hedgefund sponsor. It provides its services to pooled investmentvehicles. The firm launches and manages hedge funds for itsclients. It invests in the public equity markets across the globe.The firm employs long/short strategy to make its investments.It uses fundamental analysis to create its portfolio. The firmemploys a combination of in-house and external research tomake its investments. It also manages private equity funds.Deal Participant – TargetRoposo is a social network and discovery platform for fashionproducts based in Gurgaon. It was launched at the end of 2013by Mayank Bhangadia.Deal Value$ 5M

YourNest Angels Invests In GolfLan TechnologiesDeal Participant – Investor FundYourNest Angel Fund was founded in 2011. It invests acrosssectors with a focus on marketing services, financialservices, technology solutions, telecomsolutions, education, healthcare, hospitality, e-commerce, software.Deal Participant – TargetGolfLan Technology Solutions was incorporated in 2008 and isbased in New Delhi, India. It is a unit of Raghav CorporateSolutions [RCS] (P) Ltd. Founded by an avid golfer andentrepreneur, Dhruv Verma. It operates a subscription basedservice for golfers to book tee times through its online portal.It creates technology based solutions for golfers, aspiringgolfers, golf courses, banks, corporates etc.Deal ValueUndisclosed

FoodPanda Raises Fresh Funds From Rocket Internet, OthersDeal Participant – Investor FundRocket Internet AG was founded in 2007 and is based inBerlin, Germany. It invests in companies that operate in thetechnology sector with a focus on e-commerce, internet, marketplaces, financial technology andmobile applications sectors.Deal Participant – TargetFoodPanda was founded in 2012 and is headquartered inBerlin, Germany. It operates an online food ordering platform.Its platform enables to order food online from variousrestaurants.Deal ValueRs. 688 Cr

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M a r ch 2 015

Fairbridge Capital raises stake in Thomas Cook to 74.77%Deal Participant – AcquirerFairbridge Capital Private Limited led by Harsha Raghavan. It isbased in Mumbai, India. It is the private equity arm of FairfaxFinancial Holdings Limited specializing in acquisitions, buyoutsand growth capital investments. They focus on long-termcapital appreciation through a flexible and value-orientedapproach, underpinned by our guiding principles, includingintegrity, transparency and responsiveness in all our dealings.Deal Participant – TargetThomas Cook (India) Ltd was founded in 1881 and isheadquartered in Mumbai, India. It provides foreign exchangeservices and travel related services in India and internationally.It also offers travel related services comprisingoutbound, inbound, corporate and domestic travel services;and meetings, incentives, conferences and events.Deal ValueUndisclosed

Aditya Birla Real Estate Fund Invests In Ozone GroupDeal Participant – Investor FundAditya Birla Real Estate Fund specializes in real estateinvestments.Deal Participant – TargetOzone Real Estate Group was founded in 2008 and is based inAbu Dhabi, United Arab Emirates. It provides real estatedevelopment, investments, and sales and marketingmanagement services. It also provides real-estate holdings &diversification services for real-estate assets inresidential, commercial and industrial sectors.Deal ValueRs. 150 Cr

Enterprise video interview solutions startup ePoise raises VCfundingDeal Participant – Investor FundName of the investor is undisclosedDeal Participant – TargetBangalore-based startup ePoise Systems was founded in 2012by Sachin Agarwal and Bishan Singh, which automatesinterviews and enables talent analytics.Deal ValueUndisclosed

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S n a p s h o t o f P E / VC U p d a t e Fo r

M a r ch 2 015

Digital Comics Developer Graphic India Secures Seed FundingDeal Participant – AcquirerCA Media LP was founded in November 2010 and is based inIndia with an additional office in Hong Kong. is a private equityand venture capital arm of The Chernin Group, LLC specializingin incubation and launch and formative stages.Start Media, LLC operates as a media company and offersservices such as exhibition, feature film production andfinancing, content discovery technology and publishing. Thecompany is based in New York.Deal Participant – TargetGraphic India is a character entertainment company focusedon creating leading characters, comics and stories throughmobile and digital platforms. Found by media entrepreneursSharad Devarajan, Gotham Chopra and SureshSeetharaman, Graphic India is owned by U.S. comic bookCompany, Liquid Comics and CA Media LP, the Asianinvestment arm of The Chernin Group, LLC (TCG).Deal Value:$2.8 Mn.Synergy BenefitsThe company will use funds in developing digital products andapps to build direct engagement with the growing communityof passionate comic book and animation fans in the country.

Location Sharing App wWhere Raises Seed FundingDeal Participant – Investor FundAshim Mehra is Vice president and Research analyst at BaronCapital.Mr. Anunay Gupta is a Co-Founder of Ashley MarketelligentPrivate Ltd. and serves as its Chief Operating Officer.Deal Participant – TargetThe location sharing app, run by Apps wWhere SoftwarePrivate Ltd., is founded by Ritam Bhatnagar, film producer whoalso founded film making event, India Film Project. wWhere isa location sharing app which allows users to share real-timeand saved locations to anyone in the phonebook. It alsoestimates time to reach for any location and also serves as achatting portal.Deal ValueRs. 1.2 Cr

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1% 3%

27%

0%8%

34%

3%4%

3%11%

6%

PE/VC Deals by Sector

Food & Beverages

Healthcare

IT/TES

Manufacturing

NBFC

Other

Automobile

E-Commerce

Healthcare

Real Estate

Media & Entertainment

28%

36%

21%

2% 13%

PE/VC Deals by Size Rs (Crore)

N.A.

below 100

100 - 300

300 - 500

above 500

S u m m a ry o f P E / VC U p d a t e

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Real Estate Update

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Real Estate Deals For March 2015

Motilal Oswal PE invests $18M(113 Crore) in Rajesh Lifespaces' Powai projectDeal Participant – InvestorMotilal Oswal and Raamdeo Agrawal founders of Motilal OswalPrivate Equity, found MOPE in April 2006 and is based inMumbai, India. It specializes in growth capital, buyout,mezzanine and PIPE investments in small and mediumenterprises in middle market. It prefers to invest inhealthcare, consumer driven businesses and real estate. MOPEseeks to provide growth capital which can catalyze growthfollowing timely equity infusion at a valuation that represents areasonable ‘margin of safety’.Deal Participant – TargetRajesh Lifespaces operates as a real Estate developer and isbased in India. It establishes our diversity to craft affordablehousing and luxury apartments spread over 8 million sq. ft. inthe western and the central suburbs of Mumbai. This hasenabled us to establish our supremacy amongst the real estatedevelopers in Mumbai.Deal ValueRs. 113 Cr.

ASK Group exits two residential projects in Pune for $23M (147 Cr), scores 2xDeal Participant – ExitAsk Group is based in Santa Clara, California. Since mid2007, ASK Group has been engaged in providingcomprehensive financial planning and wealth advisorybusiness to individuals and trusts. It develops and marketscomputer-based relational database managementsystems, data access and connectivity products andmanufacturing and financial applications software. ASK groupis currently raising $200 million offshore fund to invest inindian real estate projectsDeal Participant – TargetSerano project which is bannered under Amit enterprises wasfounded in1963 and is based in Pune, India with an additionaloffice in Mumbai, India. It builds residential properties in Pune.

Sky One Holdings Limited was founded in 1999 and isheadquartered in Sheung Shui, Hong Kong. It is an investmentholding company, provides logistics services. It operates inExpress Land Transport, Airfreight and Coal Logistics segments.Deal ValueRs. 147 Cr

ASF eyes over $200M in funding, to give exit to JP Morgan from Gurgaon IT SEZDeal Participant – Investor ExitJPMorgan Chase & Co. is an American multinational bankingand financial services holding company. It is the largest bank inthe United States. It is a major provider of financial servicesand according to Forbes magazine is the world's third largestpublic company based on a composite ranking. The companywas formed in 2000, when Chase Manhattan Corporationmerged with J.P. Morgan & Co.Deal Participant – TargetASF group of Companies are owned and controlled by Mr. AnilSaraf & Family. ASF GROUP is an establisheddeveloper, headquartered at New Delhi (India), specializing indelivering build-to-suit and state-of-the-art IT infrastructureand commercial buildings. ASF also renders full range ofFacility Management Services to its customers in itsprojects/properties. ASF has already delivered over threemillion sqft of workspaces and have established a tangiblefootprint in northern India by completing a number ofprojects, which are all fully leased to top MNC's.Deal ValueRs. 20 Cr.

Avenue Venture Partners exits Assetz's project Marq with 33% IRRDeal Participant – Investor ExitAvenue Venture Partners is a seed-stage and early-stageventure capital private equity group. Avenue Venture PartnersInvestment Adviser LLP (AVP) is a Real Estate Private EquityFirm in India, and Real Estate investing is our only business.AVP, owned and managed by professionals, has fully alignedinterests among portfolio companies, limited partners andgeneral partners.Deal Participant – TargetAssetz Property was incorporated in 2006 and is based inBengaluru, India. Provides property development services inIndia. The company engages in developing and delivering realestate projects from land identification and inceptiondesign, construction, financing, marketing, finaloccupation, and asset management.Deal ValueUndisclosed

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37

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