Tracking deals: LeapFrog to invest in IFMR Capital
Apr 08, 2014
Source : The Hindu

 

MUMBAI: LeapFrog Investments, a specialist investor in financial services in growth markets, will invest $29 million in IFMR Capital. The investment will enable affordable and efficient access to finance for millions of excluded households and businesses across India.

Ritu Kumar receives ?100 cr

Everstone, a leading India and South East Asia private equity and real estate investor, will invest ?100 crore for an undisclosed minority stake in Ritu Kumar, one of India’s leading fashion houses.

Chennai Angels invests in Skyfi Labs

The Chennai Angels, a network of wealthy individuals who invest in and mentor start-ups, has invested in Skyfi Labs, a Bangalore-based education products and services start-up. Spark Capital, a leading Chennai-headquartered full-service investment bank, has also co-invested in Skyfi, which will use the funds to cover 1,000 new colleges, increase and refine the course offerings and enhance back-end technology.

Everest Edusys raises ?5.7 crore

Everest Edusys, a venture focussed on experiential science education for children, has raised ?5.7 crore in Series A funding, led by Lok Capital, an impact investment fund. Chennai Angels is also a participating investor in this round. The funds will be used to set up science labs in schools across Tamil Nadu, Karnataka and Kerala, as well as to bolster research and development of science educational tools.

Amit, Arihant Patni invest in Waterfield

Amit Patni and Arihant Patni have invested an undisclosed amount for a significant minority stake in Mumbai-based Waterfield Advisors, a professional and institutional India-focussed boutique advisory firm. The money will be used to strengthen the firm’s family office services portfolio and also expand its offerings in the domestic market.

BlueStone.com gets Rs 60-cr funding

BlueStone.com, a leading online jewellery platform, raised the second round of VC funding of about ?60 crore led by Kalaari Capital. Existing investors Accel Partners and Saama Capital have participated in this round. BlueStone.com had raised $5 million in Series A in 2012, which was used to set up operations and marketing. The fresh round of funding will be used for marketing and establishing BlueStone as the leading online jewellery store in the next two years.

Motilal Oswal realty fund invests ?100 cr

India Realty Excellence Fund II LLP, managed by Motilal Oswal Real Estate Investment Advisors, has invested ?100 crore in two projects – a residential project of Ahuja Developers at Ambernath, near Mumbai, and in two residential projects of Mahaveer Group at Yelahanka and Bommanahalli in Bangalore.

IIFL Wealth buys stake in India Alt

IIFL Wealth Management has acquired a majority stake in India Alternative Investment Advisors, which is the investment manager to the India Alternatives Private Equity Fund. The IIFL group has also committed a significant contribution to the India Alt Fund. The India Alt Fund has an investment commitment of ?230 crore and it invests primarily in mid-growth stage companies.

Latest Realty News

Giving heritage homes a new lease of life
Apr 07, 2014
CHENNAI: The Great Indian Bungalow is dwindling faster than the Great Indian Bustard. Residences in the architectural style of the mid 19th or early 20th century are either giving themselves over to redevelopment or rot. The former’s fate lies with owners who are chary of having their properties listed on heritage inventories. They worry that it might throw a spanner in their plans for redevelopment, even though a legal mechanism doesn’t currently exist to regulate such action.
Notices, bands net Rs 310 crore property tax in Pune
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
The real cost of freebies
Apr 07, 2014
DELHI: Indians always await an auspicious time to conduct financial transactions, especially the purchase of assets including real estate — so, what time would be more opportune than festival seasons like Navaratra in March-April and in October-November, which extends up to Diwali and further on to Christmas.
Kompally: The developing area of Hyderabad
Apr 07, 2014
HYDERABAD: From being a village on the outskirts of Hyderabad, known for its grape orchards and farm houses, Kompally has come a long way. It is now being included in the list of favourable destinations for residential villa developments in Hyderabad.
Touching nine realty markets of Gujarat and beyond
Apr 07, 2014
AHMEDABAD: A number of reports by the business bodies have suggested that there has been an increase of business and economic activity between Gujarat and Madhya Pradesh in the last few years. The reports, however, fail to acknowledge the fact that the pace of the real estate developments has been even faster in the two states.
Residents seek cancellation of ASI notification
Apr 07, 2014
CHENNAI: Residents of Sembakkam have sought the cancellation of the 2010 notification by Archaeological Survey of India, issued to local bodies through Chennai Metropolitan Development Authority.
Is it time to stop the endless building of flyovers in India?
Apr 07, 2014
MUMBAI: On April 9, 1964 The Times of India reported that the Bombay Municipal Corporation planned to build a flyover at Kemp's Corner. Five roads met at the junction, situated between two hills, and the traffic congestion was bad. "The 48-foot bridge will segregate the north-south and east-west vehicular traffic," ToI reported.
Realtors defer launching of new projects for polls
Apr 07, 2014
BHUBANESWAR: The realtors in the city have deferred launching of new projects as the consumers are pulsated with impending polls in the state and are awaiting the formation of a new government.
Notices, bands net Rs 310 crore property tax
Apr 07, 2014
PUNE: The Pimpri Chinchwad Municipal Corporation (PCMC) has collected an all-time high annual property tax of Rs 310 crore.
Senior citizens - an emerging real estate mkt for developers
Apr 07, 2014
MUMBAI: Senior citizens are emerging as a new customer segment for property developers as well as other allied services providers for creating a proper assisted living environment for them, say realty experts.

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