KKR | Pixr8 News

17May By AdityaNo Comments

FUNDING

Lenskart raises $95 million from KKR

NEW DELHI, 17th April 2020-- Lenskart, a leading omni-channel eyewear retailer in India raises $95 million from global investment firm KKR via a secondary stake acquisition. As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in the Company. Established in 2010, the Company today is the largest service provider for eyewear in India, serving over 7 million customers annually through its omni-channel shopping experience, which spans online, mobile application, and 730 omni-channel stores in 175 cities across the country. In 2019, Lenskart also expanded to Singapore marking its foray into Southeast Asia where it is now a key service provider for optical. Peyush Bansal, CEO o...

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

7Jun By PriyankaNo Comments

ACQUISITION

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

New Delhi: Reliance Industries said private equity fund Silver Lake and its co-investors invest an additional $601.40 million (Rs 4,546 crore) in digital unit Jio Platforms. The investment comes on top of the $750 million Silver Lake committed to Jio Platforms earlier this month. With this investment, Silver Lake's stake in Reliance Jio raises 2.08 percent from earlier 1.15 percent. Reliance has now sold nearly 20 percent of Jio Platforms to investors, including Facebook, KKR, UAE based fund, etc. securing around $12 billion in less than six weeks. The deal controlled by India's richest man Mukesh Ambani, including a $7 billion share sale, with plans to eliminate $21.4 billion of net debt by the end of the year. "The investment momentum behind Jio validates a compelling bu...

Reliance Jio 5th deal, sells 2.32 pc for $1.5 billion to KKR

22May By AnkitaNo Comments

ACQUISITION

Reliance Jio 5th deal, sells 2.32 pc for $1.5 billion to KKR

Reliance Industries announced the sale of a 2.32 percent stake in its digital unit to US private equity giant KKR for around $1.5 billion (Rs 11,367 crore), the fifth deal in four weeks that will inject a combined $10.5 billion in the oil-to-telecom conglomerate to help it pare debt. This is KKR's largest investment in Asia. "This transaction values Jio Platforms enterprise value of $65 billion (Rs 5.16 lakh crore). This is KKR's largest investment in Asia and will translate into a 2.32 percent equity stake in Jio Platforms on a fully diluted basis," the company said in a statement. The deal follows with Facebook picking up a 9.99 percent stake in the firm for $5.7 billion. Within days of that deal, Silver Lake, the world’s largest tech investor bought a 1.15 percent stake in Jio ...

Gaming Company Epic Games Secures $1.25Bn from KKR, others

27Oct By Gauri SinghNo Comments

FUNDING

Gaming Company Epic Games Secures $1.25Bn from KKR, others

Epic Games, the company that created video game sensation "Fortnite" has secured funds amounting to $1.25 billion in funding from investors, including KKR & Co, Iconiq Capital and Smash Ventures. "Fortnite," a sort of hybrid of "The Hunger Games" and "Minecraft," drops 100 people onto an island to fight each other for survival. It is a tactical tournament game, whose first version was released in 2017. The game has been called an industry "game-changer" by analysts as it signed up tens of millions of users for its last-player-standing "Battle Royale" format. According to the reports of the Wall Street Journal, Epic Games has been valued at almost $15 billion after the new investment round. The company counts Tencent, Walt Disney and Endeavor among its minority shareholders, was esti...

15Dec By PriyankaNo Comments

FUNDING

KKR-Backed Emerald Media, Premji Invest Lead $35 Million Funding Round in Amagi Media Labs

Emerald Media, the Pan-Asia company backed by leading global investment firm KKR for investing in the media and entertainment sector, today announced that it has acquired a significant minority stake in Amagi Media Labs (‘Amagi’), the leader in targeted TV advertising and cloud-based TV broadcast infrastructure. Premji Invest, the investment arm of Azim Premji, (an existing shareholder) is also participating in this combination of primary and secondary US$35 million Series D round. Mayfield India and Nadathur Holdings will continue to remain invested in the Company. Headquartered in Bengaluru with offices in New York City, London, and Hong Kong, Amagi is a next-generation media technology company providing cloud-based managed broadcast services and targeted advertising platforms to c...

KKR Backed Emerald Media Invests $50mn in Video Platform YuppTV

11Oct By AdityaNo Comments

FUNDING

KKR Backed Emerald Media Invests $50mn in Video Platform YuppTV

Emerald Media, a Pan-Asian platform established by leading global investment firm KKR for investing in the media and entertainment sector today announced that it has acquired a significant minority stake in YuppTV for US$50mn. YuppTV is one of the world’s leading over-the-top (OTT) video platforms for South Asian content offering live TV, catch-up TV and movies on-demand in 14 languages across the globe. The growth capital will help company to further its global footprint, expand its content library through original productions and acquisitions, and rapidly grow its paid subscriber base. Headquartered in Atlanta, Georgia, YuppTV is a leading Internet Pay TV platform for South Asians, reaching more than 400 million households across the world. It also have more than 5 million monthly ...