Here are the Funding, PE and M&A deals happened in India for the Fortnight starting May 21st 2012.
Funding, Private Equity and M&A Deals of the Fortnight [May 21st to June 3rd 2012]
| Funded Company / Acquired Company | Deal Type | Who Funded / Who Acquired |
Funding Amount | Remarks |
| Quikr.com | Private Equity | Warburg Pincus & others | USD 32 Million | For general online Classified biz expansion |
| YLG salon chain | Majority Stake | Everstone Capital | USD 20 Million | For opening more Salons in Indian cities |
| South India Bank | Private Equity | First Carlyle Ventures | USD 10.7 Million | For general business expansion |
| Taxiforsure.com | Series A | Accel Partners, Helion venture & Blume | Undisclosed | More Details |
| Justrechargeit.com | Angel Funding | Ladderup & consortium of investors | Undisclosed | For online mobile recharge biz expansion |
| Autowale.in | Angel Funding | Global Super Angels & individual investor | USD 365k | For expanding Operations & Product Development |
| Steammo | Angel Funding | Incucapital | Rs. 40 Lakh | For expanding food outlets |
| Fashionara.com | Series A | Helion Venture Partners, Lightspeed Venture Partners | Undisclosed | To scale supply chain logistics, tech dev & marketing |
| Zovi.com | Series B | Tiger Global, Saif Partners | USD 10 Million | for warehouse expansion & logistics |
| Reviews42.com | Angel Funding | Blume Ventures, Venture East | Undisclosed | To expand their product review platform |
| Thomas Cook India | Acquisition | Fairfax | USD 150 Million | For 77% equity in TCI |
| Way2sms.com / 160by2.com | Acquisition | Valuefirst | USD 40 Million | For inorganic growth |
| Qualcomm Inc India BWA Business | Acquisition | Bharti Airtel | USD 165 Million | To gain Pan India BWA Spectrum |
| ECG Technology LLC | Acquisition | Comp-U-Learn Tech India Ltd | Undisclosed | For inorganic growth |
| Y2CF | 49% stake | Bharti Softbank Ventures | USD 7.2 Million approx. | More here |
| Coalition Development Ltd | Acquisition | CRISIL | USD 50 Million | to extend service offerings |
| Future Capital Holdings | majority Stake | Warburg Pincus | USD 100 – 125 Million | N/A |
| Timbor Home Ltd | Private Equity | SIDBI | USD 1 Million | To setup stores across India |
| US Exim Bank | Loan | US Exim Bank | USD 70 Million | to setup plant in Nagaur in Rajasthan |
| New Vision Laser Centre | majority Stake | Centre For Sight Private Limited | USD 10 Million | To increase its footprint in India |
| Rolocule Games Private Limited | Angel Investment | Mumbai Angels / Blume Ventures | Undisclosed | For its Game development studio expansion |
[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!
Can anyone throw light on why online recharge companies still keep getting funded? (w.r.t. above mentioned Justrechargeit.com).
Isn't the space already crammed with so many other players like Freecharge, paytm, and the like?
Hi Arun
I have started a Marketing Company (FMCG) in Bangalore. We have a registered brand called Wings.
We were looking for VC funding to Expand our operations.
Any thoughts about it.