Fourcee Infrastructure Raises Rs 50cr From Mayfield, SIDBI Venture
Fourcee Infrastructure Equipment Pvt Ltd has raised Ra 50cr from Mayfield India fund and SIDBI Venture Capital Ltd. The company will use the funds to expand tank terminals, add more containers and to strengthen its infrastructure.
Vikram Godse- MD, Mayfield, will join the Fourcee's board of directors.
Transaction Reference: BS
Forcee Infrastructure, incorporated in 2002, is focused on providing end-to-end logistics solutions for liquid cargo through road and railways using its own specialised designed containers. The company is promoted by Vinay Singh.
Mayfield Fund is a venture capital firm with over $2.8bn under management. Mayfield India focuses on companies in sectors like consumer, specialty retail, technology & technology enabled services, infrastructure ancillaries and agri related companies.
The fund has invested in Tejas Networks, Genesis Colors, Geodesic Techniques and other companies in India.
SIDBI Venture Capital Ltd. is a wholly owned subsidiary of Small Industries Development Bank of India. The fund's latest investments are Associated Powercon Equipments India Pvt. Ltd., DigiBee Microsystems Ltd, Centaur Pharmaceuticals among others.
Earlier this month, Transport Corporation of India picked up 51% stake in Infinite Logictics Solutions Pvt Ltd for Rs 10.20 lakhs.
According to a report by Cushman and Wakefield, Indian logistics industry is expected to grow annually at the rate of 15 to 20%, reaching revenues of approximately $385 bn by 2015.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 11/01/12 | Fourcee Infrastructure - General Atlantic | Private Equity | General Atlantic LLC | 104.00 |
| 06/01/11 | Fourcee Infrastructure - India Equity Partners | Private Equity | India Equity Partners Fund I | 10.00 |
| 08/03/10 | Fourcee- Mayfield-SIDBI | Venture Capital | Mayfield Fund | 11.00 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 02/02/12 | M&A | Fairnair AG | Quikjet Cargo Airlines Private Limited | - | Completed |
| 27/01/12 | Private Equity | Sattva Business Group | Sattva CFS And Logistics Private Limited | 1.72 | Completed |
| 16/01/12 | Private Equity | Looking For | TVS Logistics Services Limited | 50.00 | Planned |
| 11/01/12 | Private Equity | General Atlantic LLC | Fourcee Infrastructure Equipments Private Limited | 104.00 | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Mayfield Fund | 2800 | Healthcare Media IT/ITES/Technology Telecom |
www.mayfield.com | Vikram GodseNikhil KhattauNavin ChaddhaRobin VasanRaj KapoorYogen DalalJames BeckRajeev BatraTodd Kimmel |
| SIDBI Venture Capital Limited | IT/ITES/Technology Retail Healthcare Transport & Logistics Food & Beverage |
http://www.sidbiventure.co.in/ | Vipul MankadAmit PaulSajit KumarHarsh Kaul | |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Fourcee Infrastructure Equipments Private Limited | Vinay Singh & Family | 431,Lakshmi Mall, Lakshmi Industial Estate, New Link Road, Andheri(West), Mumbai-400053. |
Infinite Logistics Solutions Private Limited | www.fourcee.co.in |
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