Vodafone Group now plans to buy or build DSL fixed line broadband assets in markets where it operates mobile services. The company plans to launch internet services in these markets. Reuters reports, quoting a senior Vodafone executive, that the UK telco may now follow an “asset heavy” approach in terms owning the infrastructure.
Till now the [...]
Vinod Khosla has been actively investing since he floated Khosla Ventures. (It helps that the fund is made up of his own money). VC Ratings has a list of investments in cleantech. And we add a few Web 2.0 investments he has made recently.
Cleantech
1) Cellulosic - Mascoma, Celunol, Range Fuels, 1 stealth startup
2) Future Fuels [...]
Citigroup Venture Capital International has picked up 15 per cent stake in Flemingo Duty Free Shops Pvt Ltd (FDSPL), the company which runs duty-free shops at various airports and seaports. The deal is valued at more than Rs 100 crore. The Foreign Investment Promotion Board (FIPB) has cleared Citigroup’s investment proposal.
FDPSL would issue convertible preference [...]
Television broadcasting space is seeing increasing private equity investment. Rajat Sharma’s India TV is the latest to receive $11.5 million funding from FUSE+Media, an affiliate of US-based venture fund ComVentures. FUSE+Media’s CEO and MD is Keyur Patel, a partner with ComVentures. The firm has invested through Mauritius-based CV Global Holdings and will pick up about [...]
ICICI Venture Funds is reportedly looking at ways to escape the recent tax clause on Indian venture funds. The Mumbai-based private equity firm is looking at structuring the investment in such a way that the shares of the investeee companies will be directly held by the limited partners of the fund. It will be somewhat [...]
The Malaysian government’s investment arm Khazanah Nasional Bhd has bought 4.99 per cent stake in Yes Bank for Rs 215 crore ($49 million), according to The Economic Times. This values the bank at Rs 4,300 crore or close to $1 billion.
Private equity fund ChrysCapital has sold 3 per cent stake, while Citigroup Venture Capital International [...]
Nuance Communications, a Nasdaq-listed company that provides speech solutions, has entered into an agreement to acquire Focus Infomatics, an India and US-based provider of healthcare speech recognition editing services, for a net consideration of $58 million.
Mumbai-based Avendus Advisors was the advisor to Focus Infomatics in the transaction. The acquisition is expected to expand Nuance’s capabilities [...]
It’s not just Google and YouTube for Sequoia Capital. They also want to help the poor - and in the process, make some money too. The Silicon Valley-based venture capital fund has invested $11.5 million in India’s leading microfinance institution SKS Microfinance. SKS Microfinance CEO Vikram Akula told CNBC that it’s the “the first pure [...]
–Alstom, the French engineering group, is selling its motor and meter business in India. The division, which generates about Rs 150-200 crore, is part of Alstom Industrial Products. The company is believed to have mandated an unnamed investment bank to get a buyer. The global companies like Emerson, Regal-Beloit and Siemens, besides Indian companies like [...]
UK private equity fund Actis is getting a new India chief. An Actis old timer, J M Trivedi (pictured, left), will succeed Donald Peck (right), who will now assume new responsibilities at the fund globally out of the UK headquarters.
Peck will continue to be associated with India as the chairman of Actis Advisers Pvt [...]
Clearstone Venture Partners and SVB Financial Group, the parent of Silicon Valley Bank, have invested a total of $5 million in series A round in online gaming company Games2win.com. The investment is led by Clearstone which accounts for a majority share of the investment.
The company was spun out of Alok Kejriwal’s Contests2win. Kejriwal is going [...]
Mumbai broking firm Anand Rathi Securities Ltd recently raised private capital by selling 19.9 per cent stake to Citigroup Venture Capital International. The numbers were undisclosed although the investment was confirmed by Anand Rathi, the chairman of the company.
Here is a report that discloses the numbers, which could be possibly from the investment banking [...]
It looks like Avendus Advisors is close to sealing the investment deal with Mayfield Fund. The Economic Times does a follow up that the US-based venture capital fund is close to picking up around 20 per cent stake in Mumbai-based investment banking boutique Avendus. The deal size is reportedly $15 million, valuing the eight year [...]
–Computer Sciences Corporation (CSC), the $15 billion IT services giant, is looking at acquisitions in India to strengthen its capabilities in engineering services, healthcare and manufacturing. CSC president and COO Michael W Laphen told The Economic Times, “We have been an acquisitive company and are evaluating opportunities that will enhance our capabilities. We have seen [...]
India’s blue-blooded real estate developer DLF and Dubai-based property developer Nakheel have signed a 50:50 joint venture in India. The JV was signed before Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, and Kamal Nath, the Minister for Commerce. It will build two [...]
