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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 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. […] 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 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 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 … […] V-Link, a fleet management company, has launched 'Meru', a metered call taxi service in Mumbai in association with India Value Fund, a Private Equity fund. The Company has launched 150 taxis in Mumbai and will increase the number to 1,000 by December 2007. […] Associated British Foods said the acquired business comprises the Patak’s brand and assets in all countries except India. Associated British Foods Plc said on 29 May it had agreed to buy Indian cuisine brand Patak’s, with assets worth 40 million pounds ($79 million,Rs319 crore), from the founding Pathak family. […] Construction and realty sector is becoming one of the hottest sectors around with private equity players and FIIs betting on it highly as there is an infrastructure boom in the country. The recent news is that De Shaw, leading US hedge fund with over USD 30 billion in assets, has invested USD 400 million in a DLF group firm that will set up SEZ across the country. Associated Chambers of Commerce and Industry of India, ASSOCHAM, estimates that domestic construction enterprise is poised to grow at 15% per annum from about 10% now to touch USD 120 billion by 2012 from its current size of over USD 70 billion. […] Temptation Foods, a Mumbai-based fruit and vegetables export company, has acquired 100 per cent stake in Karen’s Gourmet Kitchen (KGK), a foods brand managed by leading food critic, Karen Anand. Last month, Temptation Foods had picked up 26 per cent stake in KGK, which manufactures and markets sauces, jams and salad dressings. […] US private equity giant Carlyle and American Towers have formed a partnership to buy and own cellphone tower assets in the country, a person familiar with the situation said. The duo may also bid for buying a minority stake in … […] |