Malvika Joshi

Tremendous potential in India’s consumer space, says ChrysCapital’s Kunal Shroff

ChrysCapital managing partner Kunal Shroff discusses how the PE firm clinched the Mankind Pharma deal at the last minute and potential investment opportunities in the distressed space.

Wealth managers emerge as conduits between VCs and capital in India

For any newbie fund to be in business, the most important task is to raise third party capital—also an external factor not in one’s control.

India: VC execs strike out on their own as smaller funds find favour with investors

Many new firms, such as Epiq Capital ($100 million), Pravega Ventures ($30 million), Fireside Ventures ($52 million) and Fundamentum ($100 million) were set up recently.

India: Prataap Snacks acquires 80% stake in local firm for $21m

The acquisition will help Prataap Snacks foray into Gujarat, the largest snacks market in the country.

PE firm Mandala Capital plans $300m fund for India, SE Asia

Nearly 65% of the second fund has been invested. The PE firm is likely to close two more deals before launching its third fund.

PVR acquires Chennai’s SPI Cinemas for $91m to widen reach

The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world.

KKR to acquire 60% stake in Ramky Enviro for $530m

This is the largest buyout by a private equity firm in India’s environmental services sector. The acquisition will be done through a combination of primary and secondary investments from KKR’s Asian Fund III.

India: Chemical firm UPL in early talks to buy stake in Kaveri Seeds

Acquisition of Kaveri Seeds is likely to help UPL to enhance its GMO seed portfolio at an affordable valuation.

Mandala Capital-backed Jain Farm seeks $1b valuation in planned IPO

Mandala Capital is said to be looking to exit its entire 15% stake in Jain Farm, targeting a little over 2.5 times returns.

IFC to invest $25m in Mahindra Rural Housing Finance

IFC said the housing finance subsidiary of Mahindra Finance will utilize the funds to offer small home loans.