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Mergers & Acquisitions | 10 April 2012

EnerSys Acquires 50.5% In Energy Leader Batteries

by Irfan Khan
 
@irfan
US based EnerSys has acquired 50.5% stake in Hyderabad-based @Energy_Leader_B Private Limited, a VRLA battery manufacturer through its Singapore subsidiary - EnerSys Reserve Power Pte. Ltd.

@Akasam_Consulting Private Limited was the sole advisor to Energy Leader Batteries for this transaction.

Incorporated in 2007, Energy Leader Batteries manufactures valve-Regulated-Lead Acid (VRLA) Batteries for industrial applications. The company offers VRLA batteries for Telecom industry (fixed line operators, cellular service providers, switch & exchange OEMs) and Railways.

Tiger Global Invests In Olacabs

Car rentals and cab hire services provider – Olacabs has raised series A funding from Tiger Global Management. The funds raised will be used for to scale up operations nationally and further strengthen its technology platform.

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Nexus Venture Buys Stake In Startup Function Space

Pune based education startup Function Space has raised an undisclosed amount of funding in seed round from Nexus India Capital to strengthen its existing content and also increase its current userbase.

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