India Dealbook: KKR to invest in Jagatjit Industries, FixNix receives $500k

By Bhawna Gupta

March 29, 2016

Private equity firm KKR may invest Rs 300 crore ($44.8 million) in Jagatjit Industries while US-headquartered SaaS company FixNix Inc has received $500,000 in Pre-Series A round of funding.

KKR to invest in Jagatjit Industries

Private equity firm KKR may invest Rs 300 crore in Jagatjit Industries, an alcoholic beverages maker, according to a Times of India article citing sources.

The investment will help the company to rejig the brand appeal of the company’s products, streamline its portfolio and clear short-term loan, the article said.

Set up in 1944, Jagatjit Industries is India’s oldest distillers. The company’s products include whisky, rum, gin and vodka. It also manufactures and markets alcoholic beverages, malt, malt extract, malted milk foods, milk powder, ghee and glass. It is third largest IMFL (Indian Made Foreign Liquor) producer in the country and is mainly focused in the manufacture, distribution and sale of IMFL.

Fixnix receives $500k

US-headquartered SaaS company FixNix Inc has received $500,000 in pre-Series A round of funding led by Tesla COO Jay Vijayan.

Four unnamed investors from Singapore and San Francisco also participated in the round.

FixNix will use the money for its expansion plans, technology, product development and hiring.

Chennai-based FixNix was founded by Shanmugavel Sankaran and is a SaaS-based GRC (governance, risk management, and compliance) solution for SMBs and enterprises for automating complex information security workflows like audit, risk, policy, incident and asset, etc.

Also Read:

India: KKR is becoming more aggressive, in hopes of higher growth

Taiwan’s Cherubic Ventures launches $120m fund, to target Saas, virtual reality & robotics

Kickstart, Plug and Play co-invest in PH mobile-first SaaS platform Squadzip

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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