Category Archives: Deals

Lok Capital scores 6X partial exit from RuralShores

Lok Capital, the Rockefeller Foundation-backed impact investment firm, is announcing a partial exit from BPO company RuralShores. The financial details of the exit have not been disclosed. However, the firm said that it has earned a 6X multiple on its initial investment, made from the Lok Capital Fund I. The investment was made in 2009.…More

Commonfloor buys Flat.to in cash-and-stock deal; angel investor Aakrit Vaish exits

Mumbai based Flat.to, the online real estate search and listings platform targeted at students and single working professionals, has been acquired by Commonfloor barely a year after it was founded. The financial details of the deal have not been disclosed. However, founder Gaurav Munjal told us that the deal is a cash-and-stock transaction. Post-acquisition, Munjal…More

Why Kanwal Rekhi didn’t want to exit redBus despite 10X returns

Online bus ticketing company redBus may have delivered one of India’s most successful venture capital exits last year, but if 68-year old Kanwal Rekhi had had his way, the company may not have been sold. In a characteristically candid interview with The Economic Times today, Rekhi, founder of early stage venture capital firm Inventus Capital…More

15 startups that raised top VC dollars in the first half of 2013

Venture capitalists’ enthusiasm for ecommerce has tempered in the past six months and it’s showing in the numbers. While investments in the sector have far from dried up, founders of ecommerce companies will tell you that term sheets have become rarer since January. Still, six ecommerce companies managed to make it to the list of…More

Naspers-backed Ibibo Group acquires redBus. Founders stay on board

Ending speculation from last week, Bangalore-based bus ticketing company redBus has announced its acquisition by Ibibo Group (MIH India), a subsidiary of South African Internet and media conglomerate Naspers. The details of the transaction have not been disclosed. Several media reports have speculated on the deal size being anywhere between $100 million and $140 million.…More

Is Naspers buying B’lore bus ticketing company redBus?

Last week, The Times of India reported that South African Internet and media conglomerate Naspers, through its arm MIH, may be in advanced stages of acquiring a controlling stake in redBus at a valuation of $100 million. Following the report, speculation on the deal quickly went into overdrive. At the close of last week, NextBigWhat…More

Seven startups, $46 mn invested. Should Info Edge spin out a VC arm?

Sanjeev Bikhchandani-founded Info Edge (India), the BSE-listed Internet company most well known for jobs portal Naukri, has been flexing some serious muscle in the early stage startup investing space. At the close of its latest financial year ended March 31, 2013, the Delhi-based company had nearly Rs 250 crore (approximately $46 million at prevailing foreign…More

What you didn’t know about the Inkfruit-Zovi merger

The past fortnight has been intense for the 200-odd people who work out of Fingerprints Fashions’ corporate digs in Mumbai. Most of them will relocate to Bangalore over the next three months as the company completes its merger with Robemall Apparels. The merger brings together two of the country’s leading private label ecommerce brands, Inkfruit…More