Indian Funding, PE, M&A Deals of the Fortnight [July 2nd to July 15th 2012]


Here is a quick round-up of Funding, PE and M&A deals happened in India for the fortnight starting July 1st  2012. We generally do funding overview every week, however, we could not do it last week so covering it for the fortnight


Funding, Private Equity and M&A Deals of the Week [July 2nd to July 15th 2012]

Funded Company / Acquired Company Deal Type Who Funded /
Who Acquired
Funding Amount Remarks
travelGuru Acquisition Undisclosed Strategic Acquisition
Milaap Social Ventures VC Investment Consortium of investors from US / Singapore USD 1.2 Million For its peer to peer micro-lending platform
 Series A Nexus Venture Partners and Lightspeed Venture Partners USD 1.5 Million For expansion in Indonesia and Thailand
INI Farms Private Limited Private Equity Unilazer Ventures USD 3.7 Million For general business expansion
Vaccine Institute (production dept.) Acquisition Serum Institute of India Limited USD 39 million N/A
EDURIX (Attano Media and Education) Acquisition HCL Infosystem Undisclosed Strategic Acquisition
 Seed Funding Consortium of investors USD 200,000 For marketing and PR activities
Nevis Networks Private Equity Ncubate Capital Partners Undisclosed for product development and expansion of global operations
Delhi Stock Exchange minority Stake (5%) London Stock Exchange N/A To incorporate faster trading technology as DSE
South Hills Academy (USA) Acquisition The Indian Public School (Coimbatore) USD 10 million To create global network of international schools
 Series D Consortium of 5 investors USD 14.5 Million For inorganic growth and Business expansion
 Angel Investment Rehan Yar Khan, Blume Ventures, Rajan Anandan, Sunil Kalra, Farooq Oomerbhoy Undisclosed For general business expansion
A. S. Raiment Private Limited Acquisition Bang Overseas Limited USD 0.82 Million Strategic Acquisition
Terrace Bay Pulp Acquisition Grasim Industries USD 300 Million To increase its pulp manufacturing capacity
Twist Mobile India Private Limited Series A Matrix Partners Undisclosed For brand promotion and marketing activities
Reltech Consulting Private Limited Acquisition Lloyd’s Register Undisclosed To strengthen its presence in the Indian energy sector
Heritage Finlease Limited Private Equity Nirvana Holdings USD 1.8 Million For its Micro-Credit financing
Benzo Petro International Limited Acquisition Sudar Garments Limited USD 4.8 million Strategic Investment
 Series A Accel Partners and Qualcomm Ventures Undisclosed To improve logistics, expand inventory & add technology
Triumph Engineering Ohio Acquisition Genpact Undisclosed For enhancing its service portfolio
Sankalp Semiconductor Minority Stake KPIT Undisclosed To form a wholly owned subsidiary named Sankalp & KPIT Semiconductor Pvt. Ltd
 Series C Fidelity Growth Partners, Qualcomm Ventures, Nexus Venture & Catamaran Ventures USD 18 million For its online commerce portal expansion
 Series A Jungle Ventures USD 1.7 Million More details here
TranServ Private limited Series A Nirvana Venture Advisors Undisclosed To scale up operations
Empire Realtech Acquisition CHD Developers Undisclosed For its land acquisition
Shanthi Gears Limited Majority Stake Tube Investments of India Limited USD 54 million acquisition of 44.12% stake
Apollo Health Street Acquisition Sutherland Global Services USD 162 million To scale up its healthcare business in India
MMTG Labs Acquisition InMobi Undisclosed for resources & inorganic expansion
Q-Spread Acquisition Solving Efesco Undisclosed to expand its business in India

[We are sometimes unable to get the funding amounts, as they are not disclosed. However, we update this sheet when it becomes public. If you are aware of amounts, and they have not been put up in the table, please do get in touch with us.]

You can check out coverage of all the previous Weekly Funding & M&A deals round-up here.

Note: Even though we try our best to bring you all the funding / M&A deals of the week, there are always ones which go un-reported. Most of the deals which we put up here are published on multiple websites, and we do refer them to provide the accuracy of deal in question. If you know of the any that we have not covered, please let us know and we will be more than happy to add it to the list!

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