Indian Angel Network Invests Cloud Based Startup - Peel-Works
Indian Angel Network has made a R3.25Cr investment in Peel-Works, a cloud enabled sales force transformation and BPO firm.
The IAN investors in Peel-Works include active angel investors Harish Mehta, Srikant Sastri, Saurabh Srivastava, amongst many others.
The funds will be used to expand product offering, creating technology differentiators and human capital. Productized sales force consulting and transformation solution is planned to be hosted on the cloud and will be charged on pay per use basis.
Venture Capital
InRev Systems Raises SeriesA Funding
Bangalore based InRev Systems has raised Series A funding from a Kolkata based IT focused investor. The name of the investor was not disclosed. Post investment, Delhi based Raj Mishra will join InRev's board.
Mergers & Acquisitions
Hammond Power Solutions To Acquire 70% In Pan-Electro Technic
Hammond Power Solutions Inc. is planning to acquire 70% stake in Hyderabad based Pan-Electro Technic Enterprises Private Limited.
DEBT
Jyothy Raises $110Mn From Axis Bank To Refinance Debt
Jyothy Labs has raised $110Mn through a 5 year loan from Axis Bank to refinance part of the debt it took to acquire a controlling stake in the Indian unit of Henkel AG.
Private Equity
Eredene Capital Part - Exits Sattva CFS And Logistics
UK-based Eredene Capital PLC has sold 10% of its stake in Chennai Based Sattva CFS And Logistics Private Limited for $1.72Mn to the promoters.
Private Equity
IL&FS Buys Logix Group's Noida Property For R600Cr
IL&FS Investment Managers is buying Logix Group’s four office buildings in Noida for R600Cr.
Mergers & Acquisitions
Omega TC Acquires Oriental Hotel's Stake In Ginger Hotels
Oriental Hotels has exited Ginger Hotels by selling it's stake to Omega TC Holding Pte Ltd. The Compulsorily Convertible Preference Shares (CCPS) held by OHL were acquired by Singapore-based Omega TC Holdings Pte Ltd.
Private Equity
Sarona AMC Invest $2Mn In VenturEast Fund III
Canada based Sarona AMC has invested $2Mn in VenturEast Fund III LP through Sarona Frontier Markets Fund 1 LP.
Mergers & Acquisitions
NTT Communications Acquires 74% Stake In NetMagic Solutions
Japan based NTT Communications is acquiring 74% stake in Nokia Growth Partners funded Netmagic Solutions providing an exit route to the venture capital investors.
| Jan 23, 2012 | ||
Equitas Microfinance Demerges Its Microfinance Biz |
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| Jan 25, 2012 | ||
NTT Communications Acquires 74% Stake In NetMagic Solutions |
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| Jan 23, 2012 | ||
Temasek To Invest R685Cr In Godrej Consumer For 5% Stake |
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| Jan 24, 2012 | ||
IFC May Invest $25Mn In Super Religare Labs |
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| Jan 23, 2012 | ||
Trivitron Healthcare To Raise $100 MN For Expansion |
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| Dealforwards |  |
DealCurry Presents IIT-Madras Report
