Articles by Mirzaan Jamwal
SAIF-backed HomeShop18 raises $14m round
Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company....
Actis invests $48m in Indian pharma company
Actis has invested $48 million for a significant minority stake in Symbiotec Pharmalab, an active pharmaceutical ingredients (API) manufacturer.
India e-commerce: Sink or swim
India’s e-commerce sector is in the midst of consolidation. VC money continues to flow to the larger players but even they are examining their business models in a climate of higher operating costs
Blackstone opens Singapore office
The Blackstone Group has opened an office in Singapore, extending its footprint into Southeast Asia. The move comes as global private equity firms place increased emphasis on the region.
AlpInvest holds $750m final close on Secondaries Fund V
AlpInvest Partners has closed its Secondaries Fund V (ASF V) at the hard cap of $750 million, exceeding its initial target of $500 million.
Silver Lake, Nexus invest in Indian commodity trading platform
Silver Lake Kraftwerk has taken a minority stake in Bangalore-based Eka Software Solutions, a commodity trading and risk management software provider. Existing investor Nexus Venture Partners also participated in the funding round.
IDFC Alternatives invests $20m in Medi Assist
IDFC Alternatives has committed INR1.25 billion ($20.39 million) to Medi Assist, a Bangalore-based health benefits manager.
Walden to launch $100m India semiconductor start-ups fund
Walden International will launch a fund to invest in Indian semiconductor-related start-ups. It already manages a similar vehicle focused on China.
Apax adds to global outsourcing exposure
"Including GlobalLogic, Apax funds would have invested about $1.5 billion of equity in the outsourcing space in a number of transactions around the world," says Shashank Singh, partner at Apax Partners and head of their India office. "Technology spend...
Australia's CPA rejects $2.6b takeover bid from CPPIB, Dexus
The Commonwealth Property Office Fund (CPA) has rejected a A$2.7 billion ($2.6 billion) takeover bid from the Canada Pension Plan Investment Board (CPPIB) and Dexus Property Group (DXS) to acquire the trust's Australian office portfolio.
KKR to invest about $150 million in India's Gland Pharma – report
KKR is reported to be in the process of buying around 30% of Gland Pharma, an active pharmaceutical ingredients and injectable drugs manufacturer, for $150 million.
Sequoia commits $4m to India's Idea Device
Data center automation company Idea Device has raised $4 million in Series A funding from Sequoia Capital.
Indian regulator revives REITs plan
The Securities and Exchange Board of India (SEBI) has issued draft guidelines to set up real estate investment trusts (REITs) in the country, which could help provide liquidity to existing investors and attract more foreign capital.
Australia's IFM consolidates private markets platform
Industry Funds Management (IFM) has merged its private equity and private assets groups into one team, creating a new investment platform to be headed by current head of the private assets division, Phillip Bower.
India's Flipkart raises additional $160m
Online retailer Flipkart has raised an additional $160 million in Series E funding from new investors Sofina, Morgan Stanley Investment Management, Dragoneer Investment Group and Vulcan Capital, along with participation from existing investor Tiger Global.It...
Singapore's DCP leads $20m Series B for Amaranth Medical
DCP Management has led the $20 million Series B round of funding for Amaranth Medical, a medical device manufacturer. Existing investors Bio*One Capital, Charter Life Sciences and Phillip Capital, as well as new entrant Venstar Capital, also participated....
Q&A: The Abraaj Group's Aman Lakhaney
The Abraaj Group’s acquisition of Aureos Capital last year was a massive short cut to a larger Asia presence. Aman Lakhaney, director at The Abraaj Group, explains the firm’s approach to non-BRIC emerging markets
India's Red Fort commits $162m to Lotus Greens residential projects
Real estate-focused Red Fort Capital is to invest INR10 billion ($162.7 million) in various residential projects being developed by Lotus Greens in the national capital region (NCR) around Delhi.
Jungle Ventures backs mobile monetization platform Pokkt
Singapore-based Jungle Ventures has invested an undisclosed amount in Pokkt, a mobile platform that helps digital content developers and publishers monetize their user base through an advertiser-funded model. Angel investor Samir Bangara also participated...
Blackstone buys Sydney home retail center - report
The Blackstone Group has reportedly bought the Home HQ North Shore shopping center from Charter Hall Retail REIT for A$72.5 million ($68.35 million).
Macquarie, SBI invest $18m in Ashoka Concessions
Private equity funds jointly managed by State Bank of India and Australia's Macquarie Group have invested INR1.1 billion ($17.9 million) in Ashoka Concessions (ACL), a toll road builder. The funding is the third tranche of a $150 million (INR 8.307 billion...
General Atlantic, India Equity Partners seek action against Fourcee Infrastructure
General Atlantic (GA) and India Equity Partners (IEP) are pursuing legal action against their portfolio company Fourcee Infrastructure Equipments, accusing executives of “extensive forgery and willful deceit.”
Indian car rental site ZoomCar raises $1m in seed round
New York-based Empire Angels has led a $1 million seed round for Indian car rental service ZoomCar. Funders Club, Basset Investment Group and former US Securities and Exchange Commission (SEC) Commissioner Lady Barbara Thomas Judge also took part in the...
TVS Capital Funds restructured
TVS Capital Funds, which manages the INR11 billion ($178 million) TVS Shriram Growth Fund, will merge with holding company TVS Investments to simplify the corporate structure.