Articles by Mirzaan Jamwal
CapVent taps into Indian water market
Access to potable water is limited in India with groundwater in one-third of the country’s 600 districts tainted by high levels of fluoride, iron, salinity and arsenic. Meanwhile, tap water is mostly undrinkable.
Portfolio: India Value Fund Advisors and Meru Cabs
When India Value Fund Advisors launched Meru Cabs in Mumbai, it created a radio taxi service where none existed. Meru has overcome numerous difficulties to become the largest taxi company of its kind in India
DEG invests $12m in Indian hospital chain
German Investment and Development (DEG), a development finance institution, has invested INR700 million ($12 million) in the Ivy Healthcare Group which runs a chain of super specialty hospitals in the north Indian state of Punjab.
Apollo exits Welspun Maxsteel stake to promoter
Apollo Global Management has sold a 12.5% stake in India’s Welspun Maxsteel Limited (WMSL) to parent company Welspun Corp at a 30% discount to the fair market value. It’s the second part of a larger INR22.5 billion ($502.9 million at the time) deal between...
LPs to increase exposure to Malaysia, Indonesia - survey
Investors plan to boost their exposure to Indonesia and Malaysia over the next three years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
GIC in $50m partial exit from India's Adani Ports
Government of Singapore Investment Corporation (GIC) has sold part of its 1.78% stake in India’s Adani Ports & Special Economic Zone (APSEZL) for INR2.9 billion ($50.6 million).
Snapdeal partners with eBay, closes $50m funding round
Indian online retailer Snapdeal has raised $50 million from lead investor eBay, Intel Capital, Saama Capital, Russian VC ru-Net and Japan’s Recruit Holdings. Existing investors Bessemer Venture, Nexus Venture Partners and Kalaari Capital also participated...
VC-backed Just Dial share gains 15.5% on first day's trading
Indian business listings and search provider Just Dial saw it shares close at INR612 ($10.79) apiece - 15.5% above the IPO price - on the first day of trading on the National Stock Exchange on Tuesday.
Goldman invests $135m in ReNew Wind Power
Goldman Sachs is investing another $135 million in Indian energy producer ReNew Wind Power, adding to its initial investment of around $250 million made in 2011. The firm has set a $40 billion target for financing and investing in clean technology companies...
CapVent buys Indian water purifier company
Capvent has bought a 51% stake in Morf India, a Chennai based water purification company with operations throughout South India. Financial details of the transaction were not disclosed.
Nexus invests $2.5m in Housing.co.in
Nexus Venture Partners will back Indian real estate search portal Housing.co.in with $2.5 million in funding to help expand its technology and data teams.
ChrysCapital invests $44m in Indian FMCG CavinKare
ChrysCapital Partners has invested INR 2.5 billion ($44 million) to buy a minority stake in Indian consumer goods producer CavinKare.
Apax makes $22.6m from Apollo Hospitals partial exit
Apax Partners has made another partial exit from India’s Apollo Hospitals, generating proceeds of of INR1.28 billion ($22.6 million) via the National Stock Exchange.
India's Snapdeal acquires e-retailer Shopo
Sequoia Capital-backed Shopo.in, an online marketplace for Indian handicraft products, has been bought by Snapdeal.com promoter Jasper Infotech for an undisclosed amount. Shopo had raised funding from Sequoia, SRI Capital and Seeders Venture Capital in...
India's Aavishkaar to close VC Fund II at $95m, raise SE Asia fund
Aavishkaar Venture Management, which funds enterprises in India’s rural areas, is to close the Aavishkaar II fund at $95 million. Investors include the International Finance Corporation, Cisco, KfW, FMO, CDC Group and Rianta Capital, a London-based family...
Inventus leads $2m investment in eDreams Edusoft
Inventus Capital Partners and Mumbai Angels have backed Indian education software company eDreams Edusoft with $2 million in a second round of funding.
Warburg sells stake in Havells India
Warburg Pincus has sold an 8.35% stake in electrical products maker Havells India for INR7.2 billion ($129.5 million) on the open market. The private equity firm sold 10.4 million shares at INR700 apiece, below the NR708 price at which the stock had been...
IFC, Infuse back Indian energy efficiency startup with $1.5m
The International Finance Corporation has invested $1 million in Ecolibrium Energy, a startup which provides a technology platform to reduce energy usage. Indian Fund for Sustainable Energy Ventures (INFUSE Ventures) will also invest $500,000 in the company....
IFC invests $5m in India's NSL Renewables
The International Finance Corporation (IFC) has invested $5 million in Indian energy developer NSL Renewables Power Private Limited (NRPPL) to finance its wind and hydropower projects. NSL has raised a total of $120 million for the current phase of its...
Tandem Capital to launch India mobile VC fund
Silicon Valley-based Tandem Capital, which focuses on the mobile sector, is launching an India-focused fund that plans to invest in 20 startups in the country over the next year. Aarin Capital’s Ranjan Pai and T V Mohandas Pai will be partners in the...
Carlyle acquires 49% stake in China shopping malls
The Carlyle Group has acquired a 49% stake in two shopping malls in Suzhou and Hangzhou owned and operated by Chinese developer SZITIC Commercial Property (SCP) as part of a strategic partnership.
Invictus Oncology gets $2m from Navam, Aarin
Indian investors Navam Capital and Aarin Capital have invested INR10.5 million ($1.88 million) in Delhi-based Invictus Oncology as part of a Series A round of funding.
Silver lining: Investing in Asia's elderly
An established investment trend in developed markets, private equity players in emerging Asia are considering how they can best meet the needs of the region’s aging population
MBK, PE-backed insurers bid for ING's Korean unit
MBK Partners, Tongyang Life Insurance and Kyobo Life Insurance have made separate bids for a controlling stake in ING Groep’s South Korean insurance business. The stake was valued at approximately $2.1 billion last year, when KB Financial Group was in...