26 « August « 2012 « IndiaPE.com

BookMyShow Raises Rs 100 Crore From Accel Partners

Bigtree Entertainment, the Network18 backed company which runs movie and event ticketing website, BookMyShow, has raised $18 million or Rs 100 crore from Accel Partners, acquiring a minority stake in the company, reports The Times Of India. The report mentions that the investment was made by Accel’s US and India funds, and that BookMyShow will use the funds to expand into tier-II and III cities and for increasing its non-movie ticketing business. The funding was first reported by Mint, quoting […]

Kohlberg Kravis Roberts plans $1-bn India-focused fund

US private equity firm Kohlberg Kravis Roberts & Co LP (KKR) is in early stage discussions to raise $750 million to $1 billion (Rs4160 crore – Rs5,546 crore) for investing in India, Reuters yesterday reported in the US, citing sources with direct knowledge of the matter. The move comes even as New York-based Apollo Global Management is already in the process of raising a $1-billion India-focused debt fund in partnership with India’s lrgest private sector bank, ICICI Bank. New York […]

Standard Chartered PE invests $45M in engineering firm Inox India

Standard Chartered Private Equity (SCPE) has invested Rs 250 crore to pick up a minority stake in Vadodara-based Inox India Ltd (INOXCVA), a manufacturer of cryogenic storage and transportation equipment. Cryogenic storage equipment is a precision engineering product used for storage and distribution of liquefied gases used in industrial applications. The growing use of shale gas as a fuel source has also resulted into strong demand for cryogenic storage equipment for liquefied natural gas (LNG) across the globe, especially in […]

Supertech eyes PE majors for Rs 2,700-cr project

At 300 metres and 80 floors, realty player Supertech’s Spira Residence will be India’s tallest mixed use development project. The company said it is looking to attract private equity behemoths to the project. Supertech said it has raised Rs 750 crore debt from bankers while the US-based private equity player Walton has pumped in Rs 100 crore into the residential project, which is part of the Supernova project. The total project is estimated at Rs 2,700 crore and will be […]

Supertech to raise Rs 750cr via pvt equity for Noida project

Supertech on Friday said it will raise Rs 750 crore through private equity to fund the development of its mixed-use premium project in Noida with an investment of about Rs 2,700 crore.

It has already raised Rs 100 crore from US-based private equity firm Walton Street Capital.

“We are launching today 78 high-end luxury apartments priced between Rs 5 crore and Rs 7 crore in the ‘Supernova’ project,” Supertech Chairman R K Arora told reporters here.

The company would develop […]

Founder buys back Sequoia stake in Café Coffee Day

Founder-chairman V.G. Siddhartha of Amalgamated Bean Coffee Trading Co. Ltd (ABCTL) has bought back the entire stake that venture capital investor Sequoia Capital acquired in the company that runs the Café Coffee Day chain of coffee shops, said two persons close to the development. It’s the latest in a series of stake buy-backs by company promoters. Sequoia had invested $20 million (Rs.110 crore today) in 2006 for an undisclosed stake in ABCTL, which runs 1,300 cafes that it plans to […]

Flipkart raises $150m in latest funding round

South African media giant Nasper is leading $150-million investment in online retailer Flipkart, a deal which is said to secure the company’s finances for next three years. Iconiq Capital, one of Silicon Valley’s hottest wealth managers with the likes of Mark Zuckerberg as clients, will be another new investor, while existing shareholders Tiger Global and Accel Partners make follow-on investments in the latest round of fund raise. The Nasper-led deal values India’s e-commerce leader at around $800 million. MIH India, […]

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