SAIF Partners investing $7.2M in Bangalore QSR chain Ammi's Biryani

Investment comes after SAIF Partners set up a Rs 100 cr platform to invest and manage a chain of quick service and casual dining restaurants. SAIF Partners has made its second bet in the Indian restaurant space but this time the firm is backing a quick service restaurant (QSR) firm.

India Value Fund to invest up to $180M in Manipal Hospitals

The funds will be used by Manipal to acquire secondary, tertiary healthcare service providers, besides day care surgery centres. In what will be the largest private equity investment in an Indian healthcare firm, India Value Fund Advisors (IVFA) is committing up to Rs 1,000 crore ($180 million as per current exchange rates) to Manipal Hospitals.

Oman India Invests In Solar Industries

Oman India Joint Investment Fund has invested $13 Mn in Solar Industries India Limited for 4.28% stake.Founded in 1995, Solar industries is the manufacture and exporter of explosives in India. The company has a licensed capacity of 2,50,450 MT of explosives, 140 mn detonators and 75 mn mtrs of detonating fuse, which is the highest licensed capacity in India. It is the largest supplier of packaged explosives to Coal India Limited, which consumes about 65-70% of the country's demand. Besides that, SIIL supplies to other major Public sector and Private sector companies in the steel industry, cement industry and various other companies in the infrastructure and construction sector.

Oman India Investment Fund is JV between State General Reserve Fund (SGRF) of Oman and State Bank of India (SBI) with an initial corpus $100Mn.

Bain - Genpact Deal Goes Through

Bain Capital is set to buy 30% in Genpact from General Atlantic and Oak Hill Capital. GA and Oak Hill held 40 % stake in the company and the deal is valued at $1 Bn as Bain will buy the equity at $14.76 per share. Morgan Stanley and Citigroup acted as financial advisors to Genpact, and Cravath, Swaine & Moore LLP acted as legal counsel. J.P. Morgan acted as financial advisor to Bain Capital, and Ropes & Gray LLP acted as legal advisor.

Genpact is a global provider of business process and technology management services, offering a portfolio of enterprise and industry-specific services. It was formerly a General Electric owned company called GE Capital International Services and delivers services from 18 countries around the world, including the U.S., where Genpact has more than 3,000 employees. It employs over 55,000 people in various locations providing services in more than 25 languages on a 24/7 basis.

Sequoia invests in India healthcare services start-up

Sequoia Capital India has invested INR250 million ($4.6 million) into Bangalore-based Practo Technologies, a cloud-based clinic management platform. The Series A round will support the company's global expansion plans. Established in 2008 by two graduates from the National Institute of Technology, Practo provides automated appointment scheduling and storage services for healthcare records including X-rays, files, prescriptions and billing. The company's platform currently manages 10,000 appointments per day, with 8,000 doctors across 5,000 dental, wellness and other healthcare centers in India. The service is free for patients, but doctors have to pay a monthly fee of INR700.

Practo has also launched Practo.com, a portal that connects patients and doctors through customized search options and shares details on doctors and clinics.

Lok Capital, Omidyar Invests In Vistaar Financial Services

Vistaar Financial Services has raised R40Cr in Series B round from Lok Capital, Omidyar Network and existing investors - Elevar Equity and SVB Capital Partners. The funds raised will be utilized to expand the Vistaar’s network to 180 branches across the country over the next four years, with a projected portfolio of R1600Cr.  In 2010, Vistaar had raised R15Cr from Elevar Equity and SVB Capital Partners which was used to set up 14 branches in Tamil Nadu and Karnataka.  Founded in 2010 by Brahmanand Hegde and Ramakrishna Nishtala, Vistaar Financial Services provides loans to the underserved micro and small enterprise market, which is estimated to consist of over 26 million enterprises.

Omidyar Network announced investments in two startups. It has made a $950,000 three-year grant to Akshara Foundation, a Bangalore-based public charitable trust focused on education and has acquired an undisclosed equity stake in Delhi-based English language training solutions company EnglishHelper.

This year in March, Lok Capital invested $5Mn in IFMR Rural Channels for building Kshetriya Gramin Financial Services which offers financial services in remote rural locations. Last year, in September it had invested $3Mn in rural business process outsourcing firm Rural Shores, and also participated in urban microfinance venture, Ujjivan's fifth round of equity financing.

SBI Holdings Invests In eLearning Content Provider – LIQVID

LIQVID, an integrated eLearning content solutions company specializing in English Language Training, has raised $3 Mn funding from SBI Ven Capital, a subsidiary of SBI Holdings, Japan.  Following this investment, Brijesh Pande, board member of SBI Ven Capital, Singapore is joining the board of LIQVID.  The company plans deeper penetration into the school market with its 'EnglishEdge Portable Language Lab'and to expand its offerings in the college segment with a comprehensive solution that caters to the growing demand for English Language Enhancement, Business Communication skills and Personality development

RLC was founded in 2009 as a reverse logistics company, combining technology, services, and domain experience into a solution that would allow Indian companies to beat global supply chain benchmarks of efficiency and productivity by outsourcing their entire reverse logistics process. RLC is clocking revenues close to Rs 100 crore this fiscal, sources with knowledge of the situation said. Apart from KPCB and Sherpalo, Reliance Venture has also invested in the company.

SBI Ven Capital is the Venture VC/PE firm of the SBI Group, a listed financial services group in Japan. SBI Group currently manages US$ 3.4 bn in private equity funds. To date, SBI Group has invested in more than 500 companies in 13 countries across Asia.

Accel Partners Invests In Sachin Tendulkar's – Collectabillia

Accel Partner is investing in Universal Collectabillia, a celebrity merchandise and brand extension firm. The VC fund has committed around $5Mn to the start-up for a minority stake in the company.

Incorporated in 2010, Universal Collectabillia helps celebrities to extend their brand beyond careers. The company also sources and provides an auction platform of sports memorabilia. The company has a website collectibillia.com, where the buyer can bid for the memorabilia.

Accel Partners which manages AUM of $9 Bn has backed over 300 successful enterprises, including Facebook, Groupon, Walmart.com and Baidu.

YourNest, Mumbai Angels Invest In Bookmycab.com

Taxi booking portal Bookmycab.com has raised funds from YourNest Angel and Mumbai Angels. The company provides real time tracking for every cab round the clock, and ensures that its cabs are completely safe for women and old age passengers. The funds raised will be used to expand the taxi base to secure a better and competitive position in Mumbai. As a part of deal, Sunil K Goyal from YourNest Angel Fund will join as a nominee on Bookmycab's board.

Recent investments by YourNest Angel Fund includes Proof of Performance Data Services; Gurgaon based- Mycity4kids, a online resource portal providing kid’s related local services.

Mumbai Angels recently invested in Rolocule Games, a gaming startup and $1.2 Mn in a cloud based SAAS provider – Hotelogix along with Accel Partners and Blume Ventures.

Mumbai Angels also invested $1 Mn Series A funding in Bangalore based United Mobile Apps, a mobile technology company that focuses on Connection Management (UConnect) / Device Management (UManage) and Data Synchronization (USync) software.

Ambit Pragma Invests In Mehta Frozen Foods

Ambit Pragma has acquired 74% stake in Mehta Frozen Foods Carrier Private Limited. Mehta Frozen Foods Carrier was established in 1996 in Mumbai and is a MRL Group company which has presence in transport, hotel & real estate and is headed by Mansur Mehta. It is engaged in the transportation of frozen food products like ice-cream, yeast, floriculture, medicines, meat products and dairy products.

Ambit Pragma Fund II is a small cap buyout and growth capital fund with a goal to invest in sectors like entertainment, healthcare, FMCG, logistics and infrastructure services. The average investment size would be $15 Mn in companies having revenues between $5 - 15 Mn. Ambit Pragma's prior investments include Spear Logistics, Purple – a bus operating company in Pune and Beams, a chain of minimal access surgery centres.Ambit Pragma recently raised $77 Mn for its Ambit Pragma Fund II from CDC, IFC, Unilever and DEG in May this year and total size of the fund is $150 Mn.

Instamojo Raises Angel Investment

Angel Investors Rajan Anandan and Sunil Kalra have invested in Instamojo. The funds will be used for further development of the portal.
Founded by Aditya Sengupta, Akash Gehani, Harshad Sharma and Sampad Swain, Instamojo is a tech startup which provides solution that lets you give away your stuff by sharing unique links.

Once the user have uploaded his product/service, he will get a unique link which he can share with his friends, fans and followers or paste anywhere on the internet. Once shared, interested individual will claim it and the user will receive an intimation email from the portal

Rakesh Jhunjhunwala Invests In SpiceJet

Rakesh Jhunjhunwala has invested around R7.69 Cr in SpiceJet through its arm Rare Enterprises. The company acquired around 0.52% stake in the company by buying 25 lakhs shares at R30.77 per share through open market transaction.
The investment came after SpiceJet posted a net profit of R56 Cr for the recent quarter after five consecutive quarterly losses.
SpiceJet, part of the Sun Group is a low-cost airline headquartered in Chennai. It began service in May 2005 and by 2008, it was India's second-largest low-cost airline in terms of market share.