In The VC/PE Pipeline: Radaan Mediaworks, Printo Document Sevices, Gameshastra
Here are a few firms who are looking to raise venture capital or private equity.
Radaan Mediaworks: The Chennai-based television content producer Radaan Mediaworks is in the market to raise private equity funds. The publicly listed company had a turnover of Rs 45 crore and net profits of Rs 1.6 crore last year.
The company chairperson Radhika Sarathkumar told The Hindu Business Line that she “is not averse to letting her stake in the company decline from 51.4 per cent now to around 35 per cent”. Radaan is looking at a PE investor who can also add value, besides money. The company’s profits seem to be very low, though.
Printo Document Services: The Bangalore-based on-demand printing services company is reportedly raising Rs 25 crore from venture capital funds, reports Mint. The company already has angel funding/backing from Seed Fund and has dvisors like Pravin Gandhi (co-founder, Infinity Ventures and SeedFund), Naresh Malhotra (former CEO, Café Coffee Day), Raju Venkatraman (COO and President, FirstSource) and Sridar Iyengar (former TiE Silicon Valley chapter president) as advisors and investors. The 18-month old Printo has a chain of six stores across Bangalore.
Gameshastra Inc.: The New York and Hyderabad-based game development, game art and game testing company is currently negotiating with venture capital funds to raise capital. The company had set up an outsourcing centre in Hyderabad this year. “We are negotiating with a couple of private equity and venture capital firms to raise funds by the year end…,” Prakash Ahuja, chief executive officer of Gameshastra, tells Business Standard.
