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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.

By Irfan Khan | 27 January 2012

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.

By Irfan Khan | 27 January 2012

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.

By Charmi Gutka | 27 January 2012

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.

By Irfan Khan | 27 January 2012

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.

By Charmi Gutka | 27 January 2012

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.

By Charmi Gutka | 27 January 2012

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.

By Irfan Khan | 27 January 2012

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.

By Charmi Gutka | 25 January 2012

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.

By Irfan Khan | 25 January 2012
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