Product engineering firm Aricent to invest $500m in India: Report

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US-based product engineering and software firm Aricent plans to invest $500 million (Rs3,000 crore) in acquiring companies in the technology space and enhancing its product development capacity in India over the next three years, said a report in PTI. “We are a high-growth company, growth is our focus. We want… Read more »

Global hospital chains, PE majors in race to buy India’s CARE Hospitals: Report

The consortium of private equity group Abraaj, PD Hinduja Hospital and Everstone Group has emerged as the frontrunner to acquire multi-specialty hospital chain CARE Hospitals from its current owners Advent International, as per a report in The Economic Times. The consortium is competing with rival offers from another combination of South… Read more »


India: PE firm New Silk Route plans second fund

Private equity firm New Silk Route plans to launch its second fund soon after the initial public offering of Cafe Coffee Day (CCD), India’s biggest homegrown coffee chain, said a report in The Economic Times. Coffee Day Enterprises Ltd (CDEL), the holding company of the CCD, has filed a draft… Read more »


India Dealbook: Edelweiss ARC buys 10% in Electrotherm; Genesis Asset sells stake in Ambuja Cement

The deal space in India continues to witness robust action, and last week saw Edelweiss Asset Reconstruction Company acquiring a 10% stake in Ahemdabad-based engineering and metals firm Electrotherm India, as well as UK-based investment management firm Genesis Asset Managers LLP selling 2.01% stake in Ambuja Cement. Edelweiss ARC buys 10% in ailing Electrotherm… Read more »


South India-based private equity firm TVS Capital exits DCB Bank

South India-based private equity firm TVS Capital Funds (TCF) has exited its three-year-old investment in DCB Bank Ltd, formerly Development Credit Bank Limited, the fund said in a statement. TVS Shriram Growth Fund held an equity stake of 2.8% in the bank, valued at about Rs 80 crore ($12 million). “The fund… Read more »


India needs more local Venture Capital firms for stable ecosystem

Sudheer Kuppam has moved on from Intel Capital, chipmaker Intel Corp.’s corporate venture capital arm, to start his own venture, Epsilon Venture Partners. The firm’s debut fund will raise $400 million to invest in technology start-ups across Asia, including India. Singapore-based Kuppam takes the entrepreneurial plunge after 15 years of… Read more »


ONGC buys 15% stake in Russia’s Vankorneft oil project for $1.3b

India took a step towards bolstering its energy security with state-owned ONGC Videsh Ltd on Friday buying a 15% stake in a unit of Russia’s OAO Rosneft, the world’s largest publicly traded oil company, for $1.3 billion (around Rs.8,635 crore). The acquisition in CSJC Vankorneft, an OAO Rosneft subsidiary, will… Read more »


India : Hyperlocal start-ups feed into funding frenzy

Too lazy to do the laundry or pick up groceries from the neighbourhood store? Want new cuisines delivered at the doorstep every day? These are some of the customer wishes so-called hyperlocal start-ups are trying to fulfil in Indian cities—with discounts thrown in—and investors are eagerly helping these start-ups do… Read more »


Ebay turns 20: From auction house to marketplace

EBay, one of the pioneers of global e-commerce, turns 20 today. The company was founded by French-born Iranian computer programmer Pierre Omidyar in September 1995, a time when start-ups were still not the flavour of the street. Back then it was called AuctionWeb and was renamed eBay in September 1997…. Read more »


Wincourse acquires 85% stake in start-up firm Mappr

Delhi-based DCS Certification Pvt. Ltd, which runs education technology firm Wincourse, has acquired an 85% stake in smaller peer, social learning start-up Mappr, for an undisclosed amount, a company executive said on Friday. “Wincourse is developing a complete suite of education technology solutions, and acquisition of Mappr is a strategic… Read more »