Thursday, December 19

Tag: Equity

Kishore Biyani Led Future Enterprises Eyes on Divestment
8Jun By AnkitaNo Comments
BUSINESS

Kishore Biyani Led Future Enterprises Eyes on Divestment

Kishore Biyanis Future Enterprises today said its board has given in-principle approval for considering various divestment options for investments held by the company. The company was responding to media reports that Future Enterprises is looking to sell 50 per cent stake in its insurance venture Future Generali. "The board has given in-principle authority for considering various divestment options for investments held by the company," Future Enterprises said in a regulatory filing. It, however, denied having arrived at any such binding transaction or final understanding till date. Shares of Future Enterprises were trading 14.68 per cent higher at Rs 33.20 on the BSE.
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Jasper Infotech Invests 30 Crore in Freecharge
14Mar By NitishNo Comments
FUNDING

Jasper Infotech Invests 30 Crore in Freecharge

Jasper Infotech which acquired Freecharge platform invested additional Rs 30 crore into the latter, according to documents filed with the registrar of companies. Jasper infotech also own and operate one of the leading e-commerce platform of India Snapdeal.com. An email sent to FreeCharge and Jasper spokespersons seeking comments on the latest development remain unanswered at the time of going to press. Earlier in report, Snapdeal is in talks such as PayPal, Paytm and PayU to sell FreeCharge. The deal size is somewhere around $300 million. Snapdeal acquired Freecharge for $400-450 million in a cash-and-stock deal in mid-2015.
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Alibaba Acquired 1% More Equity in Paytm, Up Stake to 41%
7Mar By AnkitaNo Comments
ACQUISITION

Alibaba Acquired 1% More Equity in Paytm, Up Stake to 41%

Reliance Capital has sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm. The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm. The deal gives a valuation of over USD 4 billion to Paytm, which is already backed by Alibaba group as a strategic investor. Sources said that Reliance Capital has retained a stake in Paytm e-Commerce, which it had got free of cost by virtue of the investment in the parent firm. In the latest fund-raising round, Paytm e-Commerce was valued at USD 1 billion. A Reliance Capital spokesperson declined to comment on the deal while Paytm spokesperson also did not comment. Earlier, Reliance C...
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Times Group Acquires Small Stake in Flipkart For 260 Crore
18Feb By NitishNo Comments
ACQUISITION

Times Group Acquires Small Stake in Flipkart For 260 Crore

Bennett, Coleman and Co. Ltd (BCCL) also known as Times Group acquires a small stake in India’s leading e-commerce firm Flipkart. As per the Times of India acquisition strategy, Flipkart’s stake dilution to BCCL is for cash and advertising space in the latter’s media properties. The story was first reported by Mint. Times group made a private investment about Rs 260 crore to buy a warrant for Class B equity shares in Flipkart as per the sourcing documents filed with the Registrar of Companies and from Tofler, a company research platform. The nature of the Flipkart-BCCL transaction is commonly known as a private treaty deal. Rs 26 crore hard cash will be paid instantly to Flipkart, the rest of the amount will be paid when it converts the warrant into equity shares of Flipkart. BCCL...
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Reliance Capital Will Monetize 1% Stake in Paytm
17Feb By NitishNo Comments
News

Reliance Capital Will Monetize 1% Stake in Paytm

According to the sources, Reliance Capital will sold its 1% share in Paytm to stay focus on its core business. Reliance capital owned 1% in Paytm and the valuation of the e-wallet company was valued at USD 4.8 billion. The news was first published by Moneycontrol website. The leading investor in the Paytm, Alibaba Group is the potential buyer of the share. In December Paytm CEO has sold his 1% equity of Paytm’s parent firm One97 Communications for about Rs 325 crore to invest in its new venture Paytm payment bank. Paytm, which is run by One97 Communications, created two separate entities -Paytm E-commerce and Paytm Payments Bank. The e-wallet business will connect with payment bank in future using payment bank. On the question of Alibaba shares in Payment Bank, Paytm CEO denied an...
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Infibeam Acquired Another 7.5% stake in CC Avenue for Rs 150 Crore
15Feb By NitishNo Comments
ACQUISITION

Infibeam Acquired Another 7.5% stake in CC Avenue for Rs 150 Crore

Gujarat based India's first listed e-commerce company Infibeam acquired 7.5% stake in CC Avenue by investing Rs 150 crore. The e-commerce company has already owns a 3.85% stake in CC Avenue through subsidiary NSI Infinium Global. The recent acquisition will merge CC Avenue with Infibeam online payment gateway at about Rs 2,000 crore. On Monday, Infibeam posted third-quarter net profit to Rs 12.8 crore from Rs 50 lakh a year earlier. Revenue rose 14% to Rs 102.7 crore. “Integration of the payment platform with logistic and warehousing, ad and domain registry along with its data centre and data analytics, the value-added services provided by Infibeam would make a full circle in providing all services under one roof,“ said Vishal Mehta, the managing director of Infibeam. “CC Avenue s...
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Vijay Shekhar Sharma Raises Rs 325cr By Selling His 1% stake
10Dec By NitishNo Comments
News

Vijay Shekhar Sharma Raises Rs 325cr By Selling His 1% stake

As per a news report, Vijay Shekhar Sharma India's leading e-wallet and recharge platform, Paytm, has sold 1% of his equity in One97 Communication to raise about Rs 325 crore for Paytm Payment bank. One97 Communications is the company that runs Paytm. The shareholder's name was not disclosed. Vijay had now 20.33% stake in One97 Communication. The transaction values One97 Communications at about $4.7 billion. Earlier Vijay Shekhar Sharma has received in-principle approval from the Reserve Bank of India after the company decided to transfer the e-wallet business to the payments bank entity to start the payments bank but the final approval is awaited. According to RBI rules, Sharma has to hold a 51% stake in the payments bank for which he has created a new entity-Paytm Payments Bank....
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130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs
20Feb By Press Trust of IndiaNo Comments
ANALYSIS

130 Start-ups in India to Raise $700 Million in a Year and Create 5,000 Jobs

Start-up companies in India are expected to raise $700 million and create 5,000 jobs in next 12 months, as per India Startup Outlook Report 2016 by InnoVen Capital. "About 130 companies are expected to raise $700 million in the next 12 months," said the report. InnoVen Capital India has provided over 100 loans to 70 companies across early to mid-growth stage that include Snapdeal, Freecharge, Myntra, Practo, Portea, PepperTap, Byju's, Faasos, Capillary Technologies and Manthan Systems. As per the report, an industry-wise analysis revealed that irrespective of funding stage, consumer internet and e-commerce are the most popular segments and from a hiring perspective, 97% start-ups felt they were likely to hire new employees where on an average 28% would be on the technology front. ...
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Nalanda Capital Acquired More Stakes in Just Dial For Around $18M
25Jan By AnkitaNo Comments
ACQUISITION

Nalanda Capital Acquired More Stakes in Just Dial For Around $18M

Nalanda Capital, a Singapore-based public market-focused private equity style investment firm has increased its stakeholding in Mumbai-based Just Dial Ltd. Nalanda Capital has acquired 2.04 percent stake in the company for an estimated Rs 115-120 crore ($18 million) last week. it had also acquired some shares last month.   ALSO READ: Big Startups Are Ready to Big Startups Are Ready to Enter Into the Indian Share Market In December 2015, Sequoia Capital reduced its shares in the company selling another chunk of its stake in the company. This is its third part-exit. Tiger Global and SAIF Partners had also trimmed its holding part in the company.   About Justdial- Founded by VSS Mani in 1994, Just Dial is a local search firm that provides both B2C and B2B li...
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List of TOP 5 Accelerators in India!!!!
6Jun By NitishNo Comments
News

List of TOP 5 Accelerators in India!!!!

What is an Accelerator? Seed accelerators also known as startup accelerators are fixed-term, cohort-based programs, that include mentorship and educational components and culminate in a public pitch event or demo day - wikipedia Business Accelerator exploration is the engine that drives innovation, innovation drives economic growth, and to be on this right track to explore things and have sustainable economic growth, a business needs excellent mentoring. This is where ‘Accelerators’ come to play a crucial role.   So here is a list of top 5 accelerators from India, who not only help startups to enlarge their vision but also guide in market expansion and other focus areas.  Below we have mentioned about them and their funding & equity data. Have a look,   List o...
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Buffer App – A Startup that developed formulas for sharing Equity and Salary
1Apr By NitishNo Comments
BLOGS

Buffer App – A Startup that developed formulas for sharing Equity and Salary

It is quite common for the founders to split equity in their company early on in the process and an even-split is the common scenario seen in most of them. Every startup in the world faces "ups and downs" due to equity sharing issues. One thing which creates a big difference between good Startups and ordinary Startups in this matter is transparency. Good startups will always have better sharing equity structure and individual breakdown process. Many startups have failed just because of this sole reason due to lack of knowledge and experience about these structures. To solve this problem, we would like to introduce you to a startup, Buffer (social media tool and company name). It was founded by Joel and Leo (both are co-founders) in 2010 as a way to easily schedule twee...
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