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Venture capital company, Sequoia Capital, has decided to pump in USD 30 million in leading snacks food company from Indore, Prakash Snacks Pvt Ltd. With the help of the new funds, Prakash has plans to add a new range of Indian namkeen or savouries and expand production capacities at its manufacturing plant. As part of the investment, VT Bharadwaj and GV Ravishankar of Sequoia Capital will now be joining the board of BCM Group's Prakash Snacks. […] Private equity fund Apollo Global Management LLC will invest about $500 million in Indian steel pipe manufacturer Welspun group, marking the second biggest private equity investment in India this year as firms take advantage of the rapid growth in Asia's third largest economy. Private equity deals are rapidly growing in India, with firms such as 3i Group Plc and Blackstone Group scouting for new investment opportunities, and many others selling their holdings as valuations improve. India saw 61 private equity buyouts worth $3.3 billion in the first half of 2011, up 21.6 percent from the same period last year. And private equity-backed M&A in the first six months of 2011 was the highest for the first half of any year so far. Earlier this year, Bain Capital and GIC invested about $850 million in Hero Honda in the largest PE deal in India this year. […] |