Tag Archives: private equity

Biba Apparels raises Rs 300 crore investment; exits Future Lifestyle Fashions Ltd

The ethnic women’s wear brand, Biba Apparels, raises Rs 300 crore funds. The investment has been made by private equity firms Warburg Pincus and Faering Capital .

“The investment includes a primary fund raise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest private equity investment in the Indian ethnic wear market,” Biba said in a statement.

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Flipkart flips in $160 million funds

The e-commerce player, whose future looked bleak, a few months back, gives it back by raising another huge amount of funding. This time Flipkart, one of India‘s largest marketplace, has raised $160 million from  from private equity investors. The investors include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina , Vulcan Capital and Tiger Global. (The investment is surely more than what was expected, like we reported.)

This takes the total amount raised by Flipkart, this year, to $360 million. The amount is has been raised to drive, build and strengthen technology and accelerate its supply chain.

 

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.

Khadim raises Rs 90 crore funds from Reliance Equity

The footwear brand, Khadim India, with its expansion plan in place, has raised Rs 90 crore from Reliance Equity. The funds will be utilised towards the brand expansion and also getting over with its existing debts.

The money infused will be locked in for three years, post which the brand will go for an IPO. Currently, the company has issued compulsorily convertible debentures worth Rs 90 crore to Reliance Equity which will be converted into equity shares by end of this fiscal.

Khadim’s 90 per cent business is footwear while they also run four gold jewellery retail stores in the name of Sona Khazana.

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.