Invest in India News

  • Sequoia Capital India invests a further $8 million in Prizm Payment

    Venture capital (VC) firm Sequoia Capital India has invested another $8 million (Rs.35.5 crore) in Prizm Payment Services Pvt. Ltd, an electronic payment service provider. Sequoia has now invested about $15 million in the company, with a $7 million funding in the first round in 2008, reported Livemint Friday.

    Loney Antony, managing director, Prizm Payments, noted that Prizm, which deploys, manages and operates point of sales (PoS) networks for banks, will use the funds mainly for setting up more ATMs.

  • Gruner + Jahr International acquires majority interest in MaXposure Media Group, India

    G+J International is acquiring a 78.75 percent interest in MaXposure Media Group India Pvt. Ltd. The remaining 21.25 percent are held by the Group's founder, Prakash Johari, who will continue to serve as CEO & Managing Director after G+J's takeover of the majority. His brother and co-founder Vikas Johari will be appointed COO.

  • IDG Ventures India Invests $3 Million in the Leading In-App Mobile Advertising Network in India

    Vserv, the leader in Mobile In-App Advertising in India, announced that it has closed $3 Million in Series A funding by IDG Ventures India. Vserv is a leading mobile advertising network focused on emerging markets having delivered In-App and Wap advertising in over 200 countries for leading Fortune 500 brands.

    IDG Ventures India is a leading venture capital fund investing in technology-related product and services companies in India. The investment represents the first VC investment in mobile advertising in India since 2008.

  • Danone enters the baby nutrition and medical nutrition markets in India

    Danone Monday signed an agreement with Wockhardt Group to acquire its nutrition business and thus entering the baby nutrition and medical nutrition markets in India.

    Under the agreement, Danone will acquire Wockhardt’s nutrition business and brands as well as its related industrial operations from Carol Info Service (located in Punjab, India) for a total of approximately €250 million.

  • Punjab National Bank in strategic partnership with MetLife India

    Punjab National Bank (PNB) and MetLife India, an affiliate of MetLife Inc., announced Friday that PNB will be inducted as a joint venture partner in the company. The Board of PNB, in its meeting held on 28th July, accepted the offer made by MetLife India for acquiring 30% stake in the company.

    The transaction is subject to approvals from IRDA, RBI and other regulatory bodies.

  • MediaTek Inc. invests in Spice Digital Limited, one of the largest Mobile Value Added Services players in India

    Taiwan’s MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions, announced that it has invested into Spice Digital Limited, one of the largest Mobile Value Added Services (mVAS) players in India with presence in close to 20 countries. In connection with this agreement, MediaTek will invest US$ 20 million.

  • HCC to sell 14.5% in HCC Concessions to The Xander Group

    HCC Infrastructure Co Ltd, a 100% subsidiary of Hindustan Construction Company Ltd, will raise Rs.240 crore by diluting a 14.5% stake in its wholly owned subsidiary, HCC Concessions Ltd.

    The stake is to be acquired by The Xander Group, a global investment firm focused on the infrastructure, hospitality, retail and real estate sectors. The transaction values HCC Concessions, which designs, finances, builds and operates transport infrastructure, at Rs.1,650 crore (US$375 million), and is aimed at supporting the future growth of the business.

  • Walt Disney in Offer to Buyout India’s UTV Software

    Walt Disney Company (Southeast Asia) Pte Ltd has offered to buyout public and promoter shareholding in UTV Software Communications Limited and de-list the company from BSE and NSE, reported Deal Curry Thursday.

    The delisting proposal entails an offer to acquire all outstanding equity shares of the company held by public at a price not exceeding Rs 1,000 a share, which is around 5.25% premium to UTV Software's closing price of Rs.950 on Tuesday. This will value the deal at Rs.2, 000 Cr, said the report.

  • Cognizant to Acquire CoreLogic India Operations

    Cognizant Tuesday announced the signing of a definitive agreement under which the company will acquire CoreLogic Global Services Private Limited (CoreLogic India), the India-based captive operations of CoreLogic.
    The purchase price will consist of a cash payment of approximately $50 million, plus adjustments for working capital and other charges or credits which will be determined at closing.

  • Blackstone Group to invest $111 million in Kolkata-based Visa Group's power business

    The Times of India Tuesday reported that Blackstone Group has signed a definitive agreement to invest about $111 million (Rs 500 crore), in Kolkata-based Visa Group's power business. According to sources close to the deal, Blackstone will hold around 25.2% stake in Visa Power, which is an independent power producer whose core asset is a 1,200 MW coal-fired plant in Chhattisgarh, said Times of India.

  • IFC keen to acquire 20% stake in a Tata Capital sponsored new NBFC to fund Indian SMEs

    Deal Curry Monday reported that the International Monetary Fund (IFC) is looking to acquire 20 per cent stake in a Tata Capital sponsored new NBFC, which will focus on providing financing and advisory services to Indian SMEs. The initial capitalization of this Mumbai-based NBFC may be up to $20 million.

  • Continental AG completes acquisition of 100% shareholding in Modi Tyres Company Ltd

    Continental, one of the leading international automotive suppliers and the world’s fourth largest tire manufacturer, has acquired 100% shareholding in Modi Tyres Company Limited (MTCL), a subsidiary of Modi Rubber LTD.

  • Japanese map publisher Zenrin in talks to buy 24% stake in MapmyIndia

    The Economic Times of India (ET) Wednesday reported that Japanese map publisher Zenrin is all set to buy a significant stake in an India-based digital-map company that is being valued at $125 million.

    Zenrin is in advanced talks to invest $30 million for a 24% stake in MapmyIndia, the country's largest provider of digital-map data and consumer-navigation services, said two people familiar with the development, said ET.

  • Toronto based LoyaltyOne acquires 26% stake in India based Direxions Marketing Solutions

    Toronto-based LoyaltyOne, an Alliance Data business and owner of one of Canada’s most admired brands - the AIR MILES Reward Program, has acquired a 26 percent stake in India-based Direxions Marketing Solutions Pvt. Ltd.
    Direxions is behind some of India’s largest loyalty programs in the airline, hospitality and retail sectors and counts among its clients leading companies such as ICICI Bank, Levis, Colgate, Tata Photon, LG and Dominos, among others.

  • Komli Media Acquires ZestADZ, Leading Mobile Advertising Platform

    Komli Media, Asia Pacific’s leading digital media technology platform, Tuesday announced the acquisition of ZestADZ, a leading mobile advertising platform.
    With this acquisition, Komli Media becomes the first digital media company in the Asia Pacific region to offer a full suite of digital solutions to agencies, advertisers, and publishers, with solutions across display, video, search, social media and now mobile.