Gaja Capital | Pixr8 News

Gaja Capital Acquires Stake in Sports Education Firm KOOH

5Oct By Gauri SinghNo Comments

ACQUISITION

Gaja Capital Acquires Stake in Sports Education Firm KOOH

India’s private equity fund Gaja Capital has reportedly acquired a significant minority stake in sports education and training company KOOH Sports. The deal was worth Rs 75 crore ($10 million). Following the acquisition, Gaja will invest through a mix of primary and secondary stake buy, where a few of the existing investors will make a part exit. Existing investors altogether carry a 70% stake in the company and the rest is held by promoters. KOOH that stands for kids-out-of-home was launched in 2010 by founders of Intelenet Susir Kumar and Prabhu Srinivasan. The company offers sports education to 2,00,000 children across India currently. It has existence across 50 cities. "Youth sports is a $20 billion business globally and we believe it to be at an inflection point in India. As In...

Gaja Capital invests $25M in Educational Initiatives

27Jul By AnkitaNo Comments

FUNDING

Gaja Capital invests $25M in Educational Initiatives

One of the Mid-market private equity firm Gaja Capital has invested $25 million (about ₹172 crore) in Ahmedabad- and Bengaluru-based educational technology company Educational Initiatives, it has marked its eighth investment from its third fund. managing partner of Gaja Capital, Gopal Jain informed about the transaction but did not share further investment details. 2018 has been an active year for The Gaja Capital. The PE firm manages assets of about $500 million across its three investment vehicles, having already recorded two strong exits — TeamLease and RBL Bank — in April and June, respectively. Both investments were made from its second fund — the $180 million Gaja-II. Mr Jian said, “Education is core to our investment strategy and we are long-term believers in the K-12 opportunit...

Gaja Capital Attempts to Invest Rs 135 Cr in a Premium School Chain

11Jun By Gauri SinghNo Comments

FUNDING

Gaja Capital Attempts to Invest Rs 135 Cr in a Premium School Chain

A private equity investment firm Gaja Capital Partners is in advanced talking with the aim to invest an amount of $20 million (₹135 crore) in return of a stake in an educational and learning company called Kangaroo Kids Education Ltd (KKEL). The stake to be exchanged for the stated amount has still not been determined. A source claimed, “The companies are in the final legs of closing the deal, and the announcement is expected soon. Gaja Capital would make the investment from its $240-million Gaja Capital III fund.” Gaja Capital is a privately owned investment company which provides growth capital to ambitious entrepreneurs to build the future of Indian economy. The company specializes in investments in the smaller end of the middle market. The India-focused mid-market private equity ...

28Nov By PriyankaNo Comments

FUNDING

Lifestyle Brand Chumbak Raises Fresh Funding

Lifestyle brand Chumbak Design Private Ltd has raised around $13 million in a fresh round of funding led by mid-market private equity firm Gaja Capital, as per the reports by a financial daily. The round also saw participation from its existing investors Matrix Partners India and Seedfund who invested a sum of Rs 22 crore and Rs 6 crore respectively, with Gaja Capital investing Rs 52 crore alone. Besides the institutional investors, Narayan Ramachandran, operating partner at Gaja Capital, also invested in his personal capacity, the report added. This round will take the total funding raised by the company to $24 millions, in both equity and debt. Founded by husband-wife Vivek Prabhakar and Shubhra Chadda, Chumbak aims at top 5-6 metro cities and will showcase its products through ...

Hiring firm TeamLease Services Ltd gets Sebi nod for IPO

14Dec By NitishNo Comments

Story

Hiring firm TeamLease Services Ltd gets Sebi nod for IPO

Hiring firm TeamLease Services Ltd on Monday secured approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). The firm had filed its draft initial public offering (IPO) papers with the capital markets regulator in September. The company, backed by private equity funds Gaja Capital and ICICI Venture’s India Advantage Fund (IAF), is looking to raise around Rs450-500 crore through the offer. TeamLease’s core business is providing staffing solutions. The majority of its business involves providing employees engaged in sales, logistics and customer service functions. TeamLease has an estimated market share of 5-6%. The business is supported by strong processes and technology, internal processes and a professional management team with long e...