Digital media network company Komli Media raised $6 million of venture capital funding from existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson. “The funding will be used to accelerate the company’s overall growth, including its expansion across Asia Pacific. The team at Komli Media has been focused on developing technology to help the online advertising ecosystem and this core investment in its platform is driving rapid progress in its mission to be a leader in Asia Pacific’s markets,” said Ashish Gupta of Helion Advisors, which was lead investor in the current round of funding. In June, the Mumbai-based start-up had acquired Australian website representation firm Post Click to extend its reach in the region. Komli Media’s digital media network represents over 1,500 websites today, including sites such as Facebook, Expedia and Bloomberg. […]

IL&FS Investment Managers promoted IL&FS India Realty Fund II will invest Rs 80 crore in Aria Hotels and Consultancy Services Private Limited, a subsidiary of Asian Hotels (West), for a third of its stake. Asian Hotels will utilise this fund to develop a high-end hotel in Delhi along with its partner Marriott International, a top Asian Hotels official said. “IL&FS India Realty Fund II will invest Rs 80 crore in Aria Hotels and Consultancy Services Private Limited, which will be used for developing a five star hotel in Delhi along with Marriott International,” Asian Hotels (West) Chairman and Managing Director Sushil Gupta told reporters here. “We have entered into a 30-year management contract with Marriott International to develop the first JW Marriott hotel in Delhi with over 500 rooms at a project cost of Rs 700 crore,” he said. […]

IT hardware and electronics company Intex Technologies (India) is targeting 100 per cent growth in revenues for 2010-11 to Rs 1,200 crore from Rs 593 crore. The company also plans to raise Rs 250-300 crore from private equity (PE) investors in the next three-five years. The company has grown at a compounded annual growth rate of 38 per cent over the last five years. “We are looking at a five-year plan for PE funding and are in talks with six PE players as of now before we go for an initial public offering (IPO). We will also be ploughing back some resources. Also, we are looking for strategic PE investors and not only a financial investor,” said Ramesh A Vaswani, executive vice chairman, Intex. As for the IPO, Intex plans to get listed on Indian stock exchanges in the first phase before it looks at other bourses. Moreover, the company is eyeing huge revenue growth from its small format retail stores, called Intex Square, which are 18 in number but will rise to 100 by March next year. […]

Baring Private Equity Partners India, an India-focused fund, is understood to be close to investing Rs 370 crore in Oriental Tollways, part of the Rs 1,000-crore, New Delhi-based, Oriental Structural Engineers (OSE), a company focused on infrastructure development, specialising in highways and runways. According to investment bankers close to OSE, the fresh infusion of funds will be used for the company’s equity contribution of various special purpose vehicles (SPV). While a senior OSE official, who requested not to be named, confirmed interest from PE funds, Baring said it wouldn’t comment on market speculation. BPEP India is currently investing from its third fund, with a corpus of close to $300 million (Rs 1,390 crore) with focus in the manufacturing, pharmaceutical, information technology and services sectors. […]

Germany-based Payback, one of the largest loyalty programme companies in Europe, together with domestic private equity company Peepul Capital, has acquired 86 per cent stake in i-mint, India’s leading loyalty programme company. The deal is valued at $30 million. Payback alone will have a little over 50 per cent stake in i-mint. “The strong platform created by i-mint, coupled with Payback’s proven track record in delivering significant consumer and retail partner value, is a winning combination,” said Sandeep Reddy, MD, Peepul Capital. He added Peepul, instrumental in bringing all partners together, will leverage its wide network in India to support i-mint’s growth. i-mint already has a vast customer base, well-known brands and a strong partner portfolio comprising 1,500 companies including HPCL, Megamart, Gitanjali Group, Ferns n Petals, Bookmyshow.com ,D’damas, Tantra, etc. […]