Indian Funding, M&A deals of the week [24th Oct – 31st Oct 2011]
Here is the snapshot of all the Funding, Mergers & acquisition deals for the week starting 24thOctober.
Funding, M&A Deals of the Week [Oct 24th 2011 to Oct 31st 2011]
Funded Company / Acquired Company | Deal Type | Who Funded / Who Acquired |
Funding Amount | Remarks |
IRIS Unified Technologies Ltd | Acquisition |
Comparex Group |
Not Disclosed | To leverage the potential of the Indian market |
Chakpak.com | Acquisition | Flipkart.com | N/A | Rumor Source: Techcircle.in |
Wirkle Inc. | Acquisition | Location Labs | Not Disclosed | To build next gen mobile personal safety & security services |
Valyoo Technologies Pvt. Ltd | Series A | IDG Ventures India | USD 4 Million | For general expansion of their 3 ecomm platforms |
F1 Team Lotus | Private Equity | Gaurav Burman | USD 10 Million | N/A |
KPIT Cummins financial services software business | Acquisition | Infrasoft Technologies | Not Disclosed | To increase their presence in Financial Domain |
TCNS Clothing Company | Private Equity | Matrix Partners | Rs. 60 Crore | To launch brands in international markets |
Mahalakshmi Smelters Pvt Ltd | Acquisition | Indsil Hydro Power and Manganese Limited | Not Disclosed | For general expansion |
TKH Plastics | Acquisition | Aptar Group | USD 18 Million | For expanding in Indian Market |
Cerebrata | Acquisition | Red Gate Software | Not Disclosed | For general expansion |
ETA Engineering | Acquisition | Vikram Logistics | USD 14.42 Million | to complete the construction of the two Freightstar container terminals |
Looks like the Diwali Week was big on Acquisition, which saw atleast 8 acquisition announcements. You can check out coverage of all the previous Weekly Funding 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. 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!