Subhkam Ventures Invests In Nicheken Technologies
Nicheken Technolgies Private Limited has raised money in its first round of funding from Subhkam Ventures.
Subhkam has made the investment through Subhkam Growth Fund I, its maiden Domestic Fund.
Transaction Reference: IBN
Nicheken Technologies is a technology oriented company founded by M V Pitke and T Chandrasekaran. The company specializes in the areas of Telecommunications, Power Electronics, Electronics and Training.
Founded in 1999 by Rakesh S Kathotia, Subhkam Ventures has invested in number of Indian companies (both private equity and PIPES).
It recently invested in IRIS Business Services, better known for Myiris.com.
Subhkam Ventures has invested in Aqua Infra and Hydroair Tectonics in the water infrastructure and waste management sector respectively.
It also has investments in Hyderabad-based Bharat Biotech and agriculture firms such as Nagarjuna Agritech, Flowers Valley, and agro ancillary firm Shakti Pumps. Some of its other investments include Aqua Logistics Ltd, Reflex Technologies Pvt Ltd, Sparsh BPO Services Ltd, Strakon India Ltd, Eppixcomm Tech Ltd, Travelport Holidays (India) Pvt Ltd. and others.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 16/08/10 | Nicheken Technologies - Subhkam Ventures | Private Equity | Subhkam Growth Fund | 0.13 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 17/05/12 | Private Equity | Looking For | Prizm Payment Services Private Limited | 92.18 | Planned |
| 17/05/12 | M&A | Carzonrent India Private Limited | QCABS | - | Announced |
| 17/05/12 | M&A | Trivone Digital Services Private Limited | Chakpak Media Private Limited | - | Completed |
| 17/05/12 | M&A | Trivone Digital Services Private Limited | WheelsUnplugged.com | - | Completed |
Fund |
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| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Subhkam Growth Fund | 66 | BFSI Education Healthcare Infrastructure |
http://www.subhkam.com/ | |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Nicheken Technologies Private Limited | Medha Madhukar Pitke C Narmatha |
18 Nethaji Salai, Gandhinagar, Madipakkam Post, Chennai - 600091 | Trident Infosol Private Limited | www.nicheken.com |
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