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Yes Bank launches $100 mln private equity fund

Private sector lender Yes Bank said on Wednesday it launched a $100 million private equity fund to invest in food and agriculture sectors.

The Food and Agribusiness India Fund plans to invest its entire amount in 1-2 years, earmarking $5-7.5 million per company and expects an average annual return of 20-25 percent, it said in a statement.

Source : Reuters

Venture capitalists ready wallets to revive funding for start-ups

Venture capital firms, led by Silicon Valley’s best of breed, have raised close to $2 billion (Rs8,000 crore) for investment in India since January 2006, according to informal industry estimates. The money will be invested in seed and early-stage companies over the next four to five years. This is indeed small compared with the estimated $10 billion that private equity (PE) firms have allocated for India during the same period, but an important step towards reviving start-up funding in the country. Start-up funding almost disappeared after venture capitalists (VCs) burnt their fingers in the 2000-01 Internet bust. […]

Warburg picks up Cibernet stake for $200 m

A Warburg Pincus group company has acquired Cibernet, one of the world’s most experienced clearing and roaming business service provider for telecom companies across globe and with a sizeable presence in India, for over $200 million.

The move is said … […]

India Equity invests $18m in Ocean Sparkle

India Equity Partners (IEP), $300-million private equity fund has picked up a minority stake in Ocean Sparkle, an unlisted Hyderabad-based port management company for $18 million. Sources said that IEP has bought this stake at a valuation of $100 million … […]

Godrej realty arm in talks to raise Rs 200 cr

Godrej Properties, the real estate arm of the Rs 7,500-crore Godrej group, is learnt to be in talks with private equity investors to raise Rs 200 crore for its two realty projects in Hyderabad and Kolkata. The company is looking … […]