Private equity / VC
DSK, CAM on $151m Gaja, KKR PE in Avendus
“Mid-market private equity firm Gaja Capital and global PE buyout specialist KKR have jointly led a Rs 980-crore investment in Avendus Capital, as the domestic financial services firm looks to scale up its asset management and newly-launched credit businesses,” reported the Economic Times.
K Law, AZB, CAM, Indus on $15m Kinara Cap funding from Gaja Capital, new investor GAWA, others
Rajaram, Khaitan on Ziploan’s $3m fundraise from Matrix and others
Online lending startup Ziploan, operated by Delhi-based Blue Jay Finlease, has raised Rs 20 crores (around $3m) in a funding round led by Matrix Partners India along with existing investors Whiteboard Capital, Waterbridge Ventures, Capital 18 Managing Director Sarabvir Singh & GrowX Projects as reported by VC Circle and The Economic Times.
Samvad for Policybazaar $79m Series E, as Khaitan for Temasek, CAM for Premji
Online insurance selling platform Policybazaar, which is operated by ETechAces Marketing and Consulting, has raised Rs 515 crore ($79 million) in a Series E funding round, as reported by VC Circle.
Khaitan, Trilegal, Themis on $11m IDFC infusion in ASG Eye Hospitals
“Private equity firm IDFC Alternatives has invested Rs 75 crore ($11 million) for a minority stake in ASG Eye Hospitals,” reported VCCircle.
NDA, AZB, JSA, Rajaram Legal on $34m Treebo fundraising
“Budget-hotel tech company Treebo has raised Series C funding of $34 million led by Hong-Kong based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors SAIF Partners, Bertelsmann India Investments and Matrix Partners also participated in the round,” reported Your Story.
Khaitan, Themis on $8m infusion in Bira by Sequoia
“B9 Beverages Pvt. Ltd has raised around $8 million from venture capital fund Sequoia Capital India Advisors, said Ankur Jain, founder of the company that sells the popular Bira 91 craft beer. With the latest round of funding from Sequoia Capital, B9 Beverages has so far raised around $30 million,” reported Mint.
Themis, SAM, CAM, Rajaram Legal on $50m Five Star funding
“Non-banking finance company Five Star Business Finance has raised Rs 333 crores (about $50 million) in its Series C round led by Norwest Venture Partners and Sequoia Capital. Existing investors including a fund managed by Morgan Stanley Private Equity Asia and Matrix Partners also participated in the round. The round saw Five Star raising Rs 318 crores through primary infusion with about Rs 15 crores coming in via a secondary sale of shares,” reported the Economic Times.
Alpha, CAM on $5m Milestone funding in The Capital in BKC
“Milestone Commercial Advantage Fund made its first investment in June in The Capital, a commercial building in Mumbai’s Bandra-Kurla Complex,” reported the Economic Times.
ARA, K Law on Green Visor funding in Simpl
“Green Visor Capital announces follow-on investments in Flutterwave and Simpl, two emerging payments companies targeting commerce in Africa and India, respectively,” according to News Wire.
Megadeal: Khaitan Bgl helps Flipkart grow anti-Amazon war chest with $2.5bn from AZB-client SoftBank
Khaitan & Co Bangalore partner Ganesh Prasad with associate partner Vinay Joy, principal associate Arun Scaria and senior associate Sanjay Khan Nagra represented Indian Singapore-headquartered e-commerce Flipkart on the $2.5bn investment.
Indus, Trilegal, Gibson Dunn on $25m FabHotels funding
“Budget hotels chain FabHotels has raised $25 million in a Series B funding round led by Goldman Sachs, a top company executive said. Accel Partners, an existing investor in FabHotels, also participated in the round,” reported Mint.
LLILS, Themis, SAM on $15m 1mg fundraising from HBM Healthcare and others
“Online pharmacy and healthcare services start-up 1mg Technologies Pvt. Ltd has raised $15 million in a funding round led by global healthcare-focused fund HBM Healthcare Investments AG, to launch predictive healthcare and corporate wellness products. The series C round also saw participation from existing investors Maverick Capital Ventures, Sequoia India, Omidyar Network and Kae Capital,” reported Mint.
AZB, NDA, Ropes, Simpson Thacher on $200m KKR PE in Radiant
“KKR, one of the largest PE investors in the world, signed a definitive agreement on Monday to invest $200 million for a 49% stake in Radiant Life Care,” reported the Economic Times.
Samvad, Wadia on $4m IDG, Jungle funding in Vayana
“Trade financing company Vayana Network, which recently split from parent company Vayana (VPL), has raised $4 Million (about Rs 26 crore) from venture capital firms IDG Ventures India and Jungle Ventures,” reported Indian CEO.
Link Legal, Themis, Luthra on $18m OneAssist fundraising from Sequoia, Lightspeed, Assurant and Moonstone
“OneAssist Consumer Solutions – which provides protection for credit cards, smartphones and payment cards in case of loss or theft – has raised Rs 118 crore ($18 million) in its series-C round of financing, as per documents filed with the Registrar of Companies. The round was led by existing investors Sequoia Capital India along with participation from Lightspeed Venture Partners and New York-based insurance provider Assurant. The round also marks the entry of new investor, UK-based Moonstone Investments,” reported the Economic Times.
Trilegal, Khaitan on Zee investment in Tagos
“Zee Entertainment Enterprises picked up about 12.5 % stake in Bengaluru-based Tagos Design Innovations,” reported Inc42.
Khaitan chomps on Wow! Momo $6.5m series B with Luthra for Lighthouse, Indian Angels
Fast food chain Wow! Momo today said it has raised Rs 44 crore in Series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided “a highly profitable” exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added.
Khaitan, Themis on $20m Sequoia funding in Awfis Space
“Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans.” reported Mint.
Ex-Kochhhar, Sahai & Co help Chennai Angels, Lets Venture invest $0.47m in Netree E-services
Angel Investors, The Chennai Angels and Lets Venture have made an investment of Rs. 3 crores in Pre Series A Funding in Netree E-services Pvt. Ltd, engaged in creating a retailer oriented networking platform, as reported by Business Standard.