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IDG Ventures invests $2 million in Manthan Systems

IDG Ventures India, an early-stage technology venture capital fund, has invested $2 million (Rs.8.8 million) in Manthan Systems Ltd, a software product firm focused on business intelligence and analytics in the retail segment.

The venture fund raised from IDG would … [...]

Citigroup’s PE arm buys 19.9% stake in Anand Rathi

In a major comeback within a short span of four years, the Anand Rathi Securities Ltd (ARSL), promoted by former president of Bombay Stock Exchange (BSE) announced that Citigroup Venture Capital International (CVCI), a leading foreign private equity player, has … [...]

Govt clears 29 FDI proposals worth Rs 837 cr

The government on Friday allowed JM Financial India Property Fund to bring foreign investment to the tune of Rs 560 crore. The fund will be invested in venture capital funds and financiers—funding Indian real estate development.

This was amongst the … [...]

VASCO picks up stake in Fortis Healthcare for Rs 106.89mn

Fortis Healthcare, FHL, one of the largest private healthcare companies in India, announced the signing of a definitive agreement (pre-IPO agreement) for allotment of 6.7 lakh equity shares to VASCO, an investment arm of McKinsey & Company, for an investment … [...]

PE funds to take major stake in INX Media

Foreign funds are picking up just under half of the equity in INX Media — the company set up by Indrani Mukherjea, the wife of former STAR India chief executive Peter Mukherjea — that plans to launch a bouquet of … [...]

Kotak buys a piece of Home Solutions

Kotak Mahindra Bank’s India Growth Fund has picked up equity worth $12 million in Kishore Biyani’s Home Solutions Retail India Ltd, which is set to roll out Home Town, its new format modelled on Home Depot.

This is the second … [...]

Kotak PE pumps in Rs 100 crore in DRS

Hyderabad-based DRS Logistics is revving up plans to become a Rs 10,000 crore company by 2010.

Better known by its brand name Agarwal Packers and Movers, DRS has already has roped in Kotak Mahindra Bank’s India Growth Fund to pump … [...]

Dabur India is close to acquiring over 60% stake in Unza Holdings for around Rs 6,000-6,750 million, reports Economic Times

Unza Holdings is a Singapore-based consumer goods company. It is a leading personal care manufacturer and marketer in Southeast Asia, with 48 brands in its portfolio. It is equally owned by the company management and two private equity funds.

Dabur … [...]