DealCurry: Venture Capital Deals

Tue, September 07, 2010

Venture Capital

Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
by Deeshesh Chheda | September 01, 2010, 11:35 AM

Pune-based MFI, Suryoday Microfinance has raised Series B or second round of funding of Rs.17.5 Cr from Lok Capital and from its existing investor, Aavishkaar Goodwell.

As part of the current transaction, Lok has agreed to make a further infusion of Rs.3.5 crore which will result in a total primary issuance of Rs.21 crore.

The fund raised will be used to increase its loan book and to fund its expansion plans by opening more branches across Maharashtra and also plans to enter in other neighbouring states in the medium term.

Earlier, in March 2009, Suryoday has raised Series A funding of Rs.6 crore from Aavishkaar Goodwell.

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Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
by Khyati Doshi | August 26, 2010, 05:30 PM

Aavishkaar Venture has partially sold stake in two portfolio companies, Servals Automation and Shree Kamdhenu Electronics, to the US-based Grass Roots Business Fund.

It had invested $0.018mn in Servals Automation for 49% stake in 2002 and $0.04mn in Shree Kamdhenu for 26% stake in 2003.

It sold over 15% stake in Serval Automation, a company that assembles and distributes an energy efficient burner and water-conserving rain gun irrigation product and 2.6% stake in Shree Kamdhenu, a dairy automation firm.

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Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital
by Deeshesh Chheda | August 25, 2010, 11:58 AM

An exam preparation platform company, Vriti Infocom Pvt Ltd has raised $5 Mn in series-B funding from JAFCO Asia and follow-on investment from its existing investor Intel Capital.

The fund raised will be used for sales expansion besides continuing investment in technology.

In 2008, it raised its first round of funding of $2.5 Mn from Intel Capital's Intel Capital India Technology Fund.

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IFC To Invest In Receivable Management Firm India Collections
by Deeshesh Chheda | August 23, 2010, 10:02 AM

IFC will invest $5 Mn in India Collections Management Private Ltd (ICMPL) for a 20% stake, which values ICMPL at $25 Mn.

A receivable management Company, ICMPL is a JV between Mumbai-headquartered Tata Capital Limited (TCL) and Japan's Capital Services Holding Corporation (CSG).

ICMPL is proposed to be established with the objective of offering a wide range of receivables servicing, collection and management services to financial institutions and others in India.

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Distil Information Plans To Raise First Round Of Funding
by Deeshesh Chheda | August 21, 2010, 10:59 AM

Distil Information Systems is planning to raise $5 Mn (approximately Rs.24 Cr) in the coming months to fund its expansion plans.

It is planning to expand in the Asia-Pacific region, Europe and the US and its new product line for healthcare will be released in the latter half of next year.

Distil Information is a provider of decision-support systems (or collaborative business intelligence) to manufacturing and retail sectors.

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IFC To Invest $30 Mn In Kudos Chemie

Equitas Micro Finance Raises Rs 45 Cr From Canaan Partners

IndoUs Venture Partners Invests Rs 15 Cr In Visionary RCM

IFC To Invest Upto $5 Mn In Attero Recycling

Canaan Partners To Invest Rs 40 Cr In Naaptol.com

Latest DealCurry Notes

PE Fund SIDOFI Communication To Buy 10% In Asianet

September 07, 2010, 10:48 AM | Deeshesh Chheda

Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.

SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.

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PRIVATE EQUITY

»	Clearwater Capital Acquires 9.99% Stake in Oricon Enterprises
»	Baer Capital Plans New PE Fund, To Raise $300 Mn
»	Cethar Vessels Plans To Raise Rs 400 Cr PE
»	Zenox Lifesciences To Raise PE Funding

VENTURE CAPITAL

»	Lok Capital, Aavishkaar Invest Rs 17.5 Cr In Pune MFI Suryoday
»	Aavishkaar Partially Exits Servals Automation, Shree Kamdhenu
»	Vriti Infocom Raises Series-B Funding From JAFCO Asia, Intel Capital
»	IFC To Invest In Receivable Management Firm India Collections

I.P.O. / OFFERINGS

»	Shilpi Cable Files DRHP To Raise Rs 56 Cr Via IPO
»	Murli Industries To Raise Rs 1000 Cr To Fund Its Projects
»	Reliance MediaWorks To Raise Rs 500 Cr Via QIP
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