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“The wellness sector in India is attracting new players as well as private equity funding, and it is a natural progression considering the phenomenal growth across verticals in this space,” slimming and wellness chain VLCC Healthcare MD Sandeep Ahuja said. The Delhi-based company received investments from Indian as well as international investors and total private equity investments in the company currently are over $43 million. As per a report by FICCI-Ernst and Young in 2009, India's wellness market is expected to grow at about 30-35% year-on-year due to rising consumerism, globalisation and changing lifestyles. Rising disposable incomes, increasingly demanding and stressful work-place conditions and sedentary lifestyles are the growth drivers for the wellness industry. “The definition of wellness has changed from luxury to necessity as it is now a need for all ,” said Ahuja. Investors are sensing a big opportunity in the wellness sector where less than 5% of the market is being serviced by organised players. Investors can derive immense value from the sector which is catering to a far large target audience than just being a niche offering as was the case earlier,” Venture Intelligence MD Arun Natarajan said. […]
3i, an international investor in private equity, infrastructure and debt management , and funds managed by 3i, have acquired a minority stake in BVG India Limited . Financial details were not disclosed in the press statement released here. BVG is one of India's largest facilities management services companies with a pan-India presence, offering a wide range of services. It was established in 1997 and has grown to over 18,000 employees. The company provides services such as mechanised housekeeping, landscaping and gardening, logistics and transportation, electrical and mechanical services, among others. BVG has over 250 clients in India including prestigious names in the public and private sector such as Rashtrapati Bhavan, Parliament House, Prime Minister's office and residence, Indian Railways, AIIMS, Safdurjung Hospital, Delhi High Court, Mantralaya, Municipal Corporation of Greater Mumbai, TATA Motors , ITC, ABB , Volkswagen, Hyundai, Fiat, ONGC and Hindustan Unilever , among others. […]
Komli Media successfully completed its third round of funding, aimed at expanding the firm’s offering and upgrading its existing products and technology. The Mumbai based firm raised $15 million, about Rs.67.5 crore, led by Norwest Venture Partners (NVP) and existing investors, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson (DFJ). Under the terms of the financing agreement, Niren Shah, Managing Director at NVP India, has joined the board of Komli Media. In its previous 2008 raising, Komli raised approximately $7 million in its first round of funding followed by second round of $6 million in 2010 from Nexus, Helion and DFJ. Komli Media owns an online ad network – Komli and an audience measurement tool – Vizisense.com. It represents more than 2000 websites including Babycenter in India, Bloomberg in Australia, social networking site Facebook and travel website Expedia Inc. In 2010, Komli Media expanded its presence in Asia Pacific and European regions by acquiring Australia-based PostClick and UK-based Indoor Media. The Company has 115 employees and reported revenues of Rs.8.61 crore with loss of Rs.6.81 crore for the year ending 31st March 2010. […]
PE fund spotted Facebook, Groupon early on This may well be the best fund news for Indian entrepreneurs looking at growth capital. Accel Partners, the marquee global venture capital and growth equity provider with $6 billion assets under management, is enroute to setting up a $400 million India-dedicated private equity fund. The Palo Alto, California-headquartered fund, best known for investments in Facebook and Groupon, with both of them commanding blockbuster valuations, is understood to have hit the road to set up the India fund. Investment banking players indicate that Accel is aggressively looking at this space even as it is looking to expand its venture capital business. The fund, during late 2009, hired Neeraj Bhardwaj from Apax Partners as MD of the growth capital business in India and presently has a three-member team manning this. Accel Partners did not respond to mails requesting for statement on this. Founded in 1983, Accel Partners has a long history of excellence and innovation in the global venture capital and growth equity business. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, London and Bangalore, as well as in China via the IDG-Accel Partnership. […]
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