Here is a quick round-up of Funding, PE and M&A deals happened in India for the week starting June 25th 2012.
Funding, Private Equity and M&A Deals of the Week [June 25th to July 1st 2012]
| Funded Company / Acquired Company | Deal Type | Who Funded / Who Acquired |
Funding Amount | Remarks |
| OneAssist Consumer Solutions Pvt. Ltd | VC Funding | Sequoia Capital, Lightspeed Ventures | USD 3.5 Million | For general Business expansion purposes |
| Stemcor | Private Equity | IL&FS, Indostar Capital, Tata Capital, Birla Finance, IFCI & consortium | USD 164 Million | For its iron ore projects in Odisha |
| Kingfisher Airlines | Private Equity | LKP Finance | USD 29 million | For funds infusion in its Airline Business |
| Cloudbyte Technologies | VC Funding | Nexus Venture Partners, Kae Capital | USD 2.1 Million | For R&D and Sales activities |
| PoshVine.com | Seed Funding | MyFirstCheque | Undisclosed | For Business expansion |
| Pinpuff.com | acquisition | Science Inc. | Undisclosed | Strategic Acquisition |
| mginger.com | acquisition | ValueFirst.com | Undisclosed | Strategic Acquisition |
| Comp U Learn Tech India Ltd | acquisition | HT Media | USD 365,000 | Strategic acquisition |
| Nokia Indian Mobile Payment Services | acquisition | FINO | Undisclosed | To form a new entity – Takatak money |
| The Mauka | Seed funding | North Alley India Ltd | Undisclosed | To expand its web platform for colleges & corporates |
| Justdial | VC Funding | Sequoia Capital, SAP Ventures | USD 60 Million | For inorganic business expansion upgrading technology, expanding R&D processes |
| Kremoint Pharma Private Limited | Majority stake | GVS Pharma | Undisclosed | To boost manufacturing & pharma exports |
| Orchid Chemicals | Private Equity | Goldman Sachs | USD 1.6 Million | N/A |
| Manipal Global Education Service | Debt Funding | Standard Chartered Bank | USD 110 Million | For Debt settlement and expansion plans |
| Reverse Logistics Company Private Limited | VC Funding | Vertex Venture Holding, KPCB and Sherpalo Ventures | Undisclosed | For business expansion |
| Annapurna Microfinance Pvt Ltd | Private Equity | Rural Impulse Fund | USD 2.4 Million | N/A |
[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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