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Private Equity | 2 May 2012

TVS Capital, Summit Invest R52Cr In ReGen Powertech

by Irfan Khan
TVS Capital, Summit Invest R52Cr In ReGen Powertech
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ReGen Powertech has raised R52Cr from TVS Capital and Summit FVCI - a fund advised and managed by MCap. TVS Capital has invested R37Cr for a 1.95% stake while Summit has invested R15Cr in the company valuing ReGen at R1,850Cr. M Cap, through Summit, will now hold around 3% in ReGen Powertech.

The funds will be used for expanding its manufacturing capacity at its Udaipur plant, as well as for project development.

This capital infusion is an extension of the round of funding that the company did in December 2011, and extending to January 2012. IDFC Private Equity and M Cap Advisors had invested R100Cr in that round, a transaction that valued ReGen at R1,600Cr.

Regen Powertech is a Chennai based wind turbine manufacturer promoted by Nuziveedu Seeds Group. The company has a strategic alliance with Vensys Energy AG and sells its wind turbines under a licence from and under the brand name of Vensys.

Seedfund Invests In Innoz Technologies

Seedfund Invests In Innoz Technologies

Kerala based mobile technology firm - Innoz Technologies Pvt Ltd has raised funding from Seedfund.


Druva raises $51m from Sequoia, EDBI and others

Druva raises $51m from Sequoia, EDBI and others

Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.

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