Category Archives: Investor

AND Designs plans 15 international retail stores; to raise Rs 100 crore

The Anita Dongre designer brand, AND Designs, aims to expand its presence globally by offloading 33 per cent stake to an international PE investor.

The brand is in talks with global PE fund company which will help the brand to get hold of the bandwidth to let the brand explore new international market. The stake sale will get the company an investment of Rs 100 crore.

General Atlantic is also in the race to invest in the company.

Talking about international retail plans, the brand wants to starts by expanding into GCC and South Eastern Nations. Though the brand already has a store in Mauritius, in next 2-3 years the aim is to have 15 stores in new markets including GCC nations, UK and US.

Flippin’ again: Flipkart soon to raise $125 million

Its been only three months that Flipkart made news by raising $200 million, the largest amount in the Indian e-commerce segment so far. And now one of India’s largest marketplace is in talks to further raise $125 million from its existing investors,  Tiger Global Management Llc, Accel Partners, Iconiq Capital, and MIH.

The investment is being driven for Flipkart Holdings Singapore, an entity created early this year in order to comply with the Indian laws of FDI in e-commerce.

What’s exciting is that when the company had sold its front end operations to WS Retail India in February this year, it was speculated that this was the end of the one of the old e-commerce players on the Indian retail circuit. But with raising one of the largest investments three months back, Flipkart, quietly back-flipped and made a grand re-entry into the market. “Now who’s your daddy!” moment!

 

Arisaig India buys 2.36% more stake in Tata Trent

Arisaig India Fund has further acquired 2.36 per cent additional stake in Tata’s retail arm, Trent. This acquisition takes the total stake of Arisaig in Trent to 9.88 per cent. The deal has been struck at a price of Rs 116.2 crore.

Under the deal Arisaig bought 12 lakh in Trent.

Arisaig has also invested in companies including Westlife Development, the McDonald’s franchisee.

Investments pour in for Edabba; plans 1,000 Trust Points in next 6 months

When best of retail ingredients are put together, what emerges is as strong as Edabba. Founded in April 2011, the omni-retailer, has raised a funding of Rs 4.5 crore ($ 1 Million) from CCube Angles, a Singapore-based investor. The company will use the latest round of funding to expand its edabba trust points to over 1,000 in the next six months.

With this investment, CCube Angles will buy a majority stake in Edabba, a name which dimnishes the lines between brick n mortar retail and e-retail.

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About Edabba:

Founded by the veterans from retail industry, Manoj Kumar, Saurabh B Chadha and Dinesh Paul, the model serves to uplift the neighbourhood retailers, who have been said to have a tough times with organised retail and e-retail capturing the Indian diaspora. With Edabba, nearly 400 brands have been taken to consumers by engaging their trusted neighbourhood retailer, Edabba appropriately calls them ‘Trust Points’. “Neither brick  nor click alone can service the aspiring customers of Bharat satisfactorily’, said Manoj Kumar, Co-Founder and CEO of Omnipresent Retail India Pvt Ltd.

Currently, Edabba has nearly 400 Trust Points across various cities beyond metros including Dehradun, Patna, Vizag, Jaipur, Goa, Ranchi, Ludhiana and Bikaner. To its accolade, within 22 months of operation,  Edabba has already touched approx 5 million potential customers in smaller towns who can ‘shop online’ with ‘complete trust’ through human interface without use of credit card and technology knowledge.

Kerela govt rolls out Student Entrepreneurship Policy for schools

After promoting entrepreneurship across colleges, the Governement of Kerela now takes a step further as it launches the flagship Student Entrepreneurship Policy for the school students of the state.

The state also runs Startup Village which is India’s  first telecom technology business incubator. The launch is the second stage of last year’s initiative of offering incentives to college students wanting to set up business start-ups.

Under this second phase, this policy will encourage innovation and innovative business ideas by youngsters especially school going students starting from standard 8th. These students will be encouraged from the tender age by giving them the opportunity to explore original thinking and learn computer programming languages in depth which will give them a great foundation to begin a startup from first year in college and have a successful company by their fourth year in college.

Additionally, the state will also come up with a new project that offers 100 teams of five college students each a Startup Tool Box, which will have high-end computers, smartphones and other technology items required to create a startup company.

Wildcraft to raise Rs 65-70 crore through PE

The adventure equipment and outdoor gear brand, Wildcraft, is in talks with PE investors to raise nearly Rs 65-70 crore investment. The investment will utilised to expand the brand presence across India.

Wildcraft which began operations in 1992 in Bangalore, it sells products including shoes, jackets, cheaters, convertibles, rucksacks, sleeping bags, tents and hiking accessories. The brand is available across 70 stores, 250 shop-in-shops and 1000 supermarkets. Clocked turnover cross Rs 100 crore in FY’13, the brand has created a niche in the market and currently competes with international brands including Timberland and Decathlon.

Pic Courtesy: www.mxmindia.com
Pic Courtesy: http://www.mxmindia.com

Indian retail market has a been a lucrative ground for PE investors as consumer sentiment still looks good and spending is coming in. Moreover, there is room for brands to expand and reach to a large untouched consumer base, which ensures returns and numbers, unlike other industries which due to lot of economic factor see a negative sentiment.

Arisaig Partners invests $30 million in McDonald’s franchisee Westlife

Aimed at investing in the listed consumer service business in emerging market, Arisaig Partners this time finds potential in India’s McDonald’s franchisee Westlife. The investment management company has invested $30 million and picked up 3.5 per cent stake in the company that handles South West franchisee of McDonalds in India.

The BSE listed Westlife has been valued a bit over Rs 5000 and the fund will be allotted 5.4 million shares at Rs 333.05 a piece, Westlife said in a statement. These funds will be utilised for company’s medium term strategies to add another 100 stores in the next two years.