M&A Deals in India – April editionMay 5, 2016
by Sonya Hooja.
April 2016 saw a lot of action in angle funding even as Venture Capital and Private Equity came to somewhat of a standstill falling 35% during the first quarter to 90 deals primarily because of overfunding last year.
- Sequoia India, one of the most active VC firms in India, funds $7.5M in 90 Seconds, a video production platform
Amount: $7.5 million
Reason: Expand its operations, with a large focus on India. It aims to address the content marketing, video marketing and social media sectors, estimated to be worth $118 billion globally! What’s next for Sequoia India?
2) MyGlamm raises $6 million in Series A funding from French L’Occitane, Tano capital and Brand Capital
Amount: $6 million
Reason: Growth in eight more cities in India and also launch in the Middle East with strategic support from L’Occitane. As MyGlamm scale up, keeping up with quality standards will be key as well as fixing attrition issues
3) Bright Lifecare Pvt Ltd, operator of the online drug marketplace 1mg, raises Rs 100 crore ($15 million) in a funding round by Maverick Capital Ventures, the venture capital arm of US-based hedge fund Maverick Capital.
Amount: $15 miiion
Reason: Expand the online pharmacy and diagnostics vertical. Also, launch digital health products and personalised health feeds for consumers.
4) Infosys invests in US analytics software firm Trifacta
Reason: Not too much detail available here, but seems that Infosys is futher enhancing its analytics offerings, enabling it to compete with the data analytics boom.
5) Global Fashion Group (parent of Jabong) raises $339M
Global Fashion group raises another round of funding from existing investors, however the valuation takes a beating as they were valued at EUR 1 billion, a drop of almost 68% from its previous funding round when it was valued at €3.1 billion. This reflects the current zeitgiest of caution and restraint as discussed in the introduction. Investors are beginning to shift focus from transaction volume to valuting resilience of business models, unit economics and profitability.
Learn more about how deals feature in the lifecycle of a company and understand valuation in either the Imarticus Financial Analysis Program (IFAP) and Financial Modelling and Valution Certification (FMVC). Both programs ideal for those interested in careers in Investment Banking.