Catamaran, FootPrint Invest In Gurgaon-based Hector Beverages
Catamaran Venture Fund, FootPrint Ventures and four angel investors, has invested a total of Rs.6 Cr in Gurgaon-based Hector Beverages Pvt. Ltd.
Catamaran and FootPrint Ventures have invested Rs.2.5 Cr each in the company. The other investors contributed the rest.
Company plans to utilize the funds to expand production capacity and strengthen its distribution network.
Transaction Reference: Livemint
Incorporated in 2009, company sells energy drink under the brand name 'Tzinga'. COmpany is initially planning to sell Tzinga in New Delhi and its suburbs, and Bangalore, where company has set up a distribution network.
Company, founded by Neeraj Kumar, Suhas Misra and James Paul Nuttal, also sells protein drink 'Frissia'.
Company's Tzinga product competes with Red Bull.
Catamaran, a proprietary venture capital fund of N R Narayana Murthy, has earlier invested in MFI - SKS Microfinance and education services provider Manipal Universal Learning Pvt. Ltd.
In 2009, Murthy sold Infosys shares worth Rs.174.3 Cr ($37 Mn) and his wife Sudha Murty off-loaded shares worth Rs.430 Cr ($92 Mn) to set up Catamaran. Later, NRN brought in an MIT grad Arjun Narayan, to spearhead the fund.
FootPrint Ventures has investments in Canvera Digital Technologies Pvt. Ltd, a digital photography firm; Spring Leaf Retail Pvt. Ltd, which runs the Mast Kalandar quick service chain of north Indian cuisine; and Educational Initiatives Pvt. Ltd.
Recently, Amrutanjan Healthcare Ltd acquired Chennai-based Siva's Soft Drink Pvt Ltd's soft drink and fruit beverages business along with the brand 'Fruitnik' for Rs.26.20 Cr.
According to a report 'Indian Non-Alcoholic Drinks Forecast to 2012' by market research firm RNCOS in August 2009, the Indian non-alcoholic drinks market was estimated at around $ 4.43 Bn in 2008 and is expected to grow at a CAGR of around 15% during 2009-2012.
| Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 15/03/11 | Hector Beverages - Catamaran, FootPrint Ventures | Venture Capital | Footprint Ventures | 0.72 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 15/05/12 | M&A | Radico Khaitan Limited | Whisky Brands - Yezdi | - | Completed |
| 10/05/12 | M&A | General Mills Inc | Parampara Foods Products Private Limited | 12.18 | Completed |
| 09/05/12 | Private Equity | Looking For | Sanwaria Agro Oils Limited | - | Planned |
| 23/03/12 | M&A | Naturex | Valentine Agro Private Limited | - | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Catamaran Ventures | Healthcare Retail IT/ITES/Technology |
www.catamaranventures.com | Arjun Ramegowda NarayanswamyN R Narayana MurthySuyog Agrawal | |
| Footprint Ventures | IT/ITES/Technology Telecom Infrastructure Healthcare Pharma |
http://www.footprintventures.com/index.htm | Neill BrownstainNeil BrownsteinLinda BrownsteinAnjana KaulJosh Bornstein | |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Hector Beverages Private Limited | James Paul Nuttal Neeraj Kumar Suhas Nath Misra |
B-82, South City-1 | www.hectorbeverages.com | |
| Dealforwards |  |
| May 11, 2012... | Panasonic Acquires 76.2% In Firepro Systems |
|
| May 14, 2012... | OCS Systems Acquires Lighthouse Funds Backed Radiant Hospitality |
|
| May 14, 2012...1 |  |
India Value Fund May Invest Upto R500Cr In Manipal Hospitals |
| May 14, 2012... | Jain Irrigation Acquires NaanDanJain |
|
| May 11, 2012... | EWDL To Raise R250Cr Through PE Route |
|
