September 2011
M T W T F S S
« Aug   Oct »
 1234
567891011
12131415161718
19202122232425
2627282930  

Contact us

Contact us

LIC To Launch Rs.500 Cr. Venture Capital Fund

The state-owned Life Insurance Corporation or LIC has decided to launch a Rs.500 crore venture capital fund exclusively for infrastructure, reports said. The company has decided to sponsor one of the proposed infrastructure debt funds or IDF and enter the venture capital or VC business to diversify operations. It already approached the Insurance Regulatory & Development Authority (IRDA) for its approval to be an IDF sponsor. Confirming the development, LIC acting Chairman D.K. Mehrotra said the VC fund would be launched in the next few days, adding that its housing subsidiary LIC Housing Finance (LICHF) would float the fund. […]

September 5th, 2011

Encore Hotels eyes VC/PE funding

Encore Hotels, which runs restaurant chains such as Rajdhani in overseas markets and Revival in India, is looking for a private equity/venture capital partner to raise around Rs 75 crore to fund its expansion plan. “We’re looking to rope in a private equity player or venture capitalist to fund expansion plans for our Revival chain of restaurants. We’re in talks with several firms and expect to consummate the deal by the end of this fiscal,” said Kamlesh Barot, director at Encore Hotels. The company is planning to set up three more restaurants of its flagship fine dining brand ‘Revival’ this year. It currently has one ‘Revival’ restaurant in Mumbai. […]

September 5th, 2011

GupShup Bags $10M funding

SMS GupShup, Indias largest social network and group messaging provider, announces today that they have raised $10 million in funding. The company will use the funds to drive product innovation, increase sales and marketing, and expand globally. Tenaya Capital joins existing investors Globespan Capital Partners, Helion Ventures and Charles River Ventures in the Series E round, taking the companys total fund raise to $47 million. SMS GupShup has cemented itself as the dominant social network in India, demonstrating that the company truly understands the Indian consumer and their needs […]

September 5th, 2011

PE investments rise 25% in 2011 so far

The year 2011 has so far aggregated $7.57 billion worth of private equity investments across 274 deals, registering a 25 per cent jump over $6.07 billion of investments for the same period (Jan-August) last year, according to data from Four-S Services. The average deal size also increased from $31.1 million to $33.1 million during the same period. August aggregated $522.4 million of investments in Indian companies across 35 deals compared to $1.29 billion across 31 deals for the same period last year. The month of August last year was one of the best in terms of PE investments marked by some high value deals. […]

September 5th, 2011

IFC picks up close to 11% in MFI Bandhan Financial Services for Rs 135 crore

International Finance Corporation, or IFC, has bought into Bandhan Financial Services, a microfinance institution, with the investment valued at close to 135 crore, an indication that the troubled industry is on course to attract funds again from lenders and investors. The private investment arm of the World Bank has acquired a stake of close to 11% for Rs 130 crore to Rs 135 crore in Bandhan, which provides small-ticket loans to women in West Bengal and other states, two people close to the deal said. The investment by IFC – the second such capital support by an institutional investor after the state-run Small Industries Development Bank of India, or SIDBI – will boost the micro finance institution's net worth to close to Rs 510 crore from Rs 377 crore at the end of March 2011. […]

September 5th, 2011