India Deals Snapshot March 2015 Index

Snapshot of Mergers & Acquisitions Update for 4 March 2015

Mergers & Acquisitions Deals for March, 2015 5 - 10

Summary of Mergers & Acquisitions Update 11

Snapshot of PE / VC Update for March, 2015 12-13

PE / VC Deals for March, 2015 14 - 33

Summary of PE / VC Update 34

Real Estate Deals for March, 2015 35

RBSA Range of Services 36

Contact Us 37 Merger & Acquisition Update Snapshot of Mergers & Acquisitions Update for March 2015

Acquirer Target Sector Stake Cr. Ola Cabs Taxi for Sure Automobile N.A. 1,240 Filatex Fashion Vogue4All E-commerce N.A. 40 Super Viraltrics IT/TES N.A. N.A. Brick Eagle TMC(Karjat) Real Estate N.A. 300 8k Miles MindprintInc IT/TES N.A. 2.5 Flipkart AdlQuity E-commerce N.A. N.A. Pricol Denso Corporation Automobile 49% 20 NewsHunt Vauntz Others N.A. N.A. YouTellMe Priceburp E-commerce N.A. N.A. Embibe 100Marks Others N.A. N.A. Super CrunchCommerce E-commerce N.A. N.A. Fortune Financial Services Inga Capital Others N.A. N.A. Housing.com IREF Real Estate N.A. 8 Shiroki Corporation Technico Industries Manufacturing 51% N.A. Cadilla Zydus BSV Pharma HealthCare 50% N.A. Livspace DezignUp E-commerce N.A. N.A. Prodapt Solutions VDVL Consultants IT/TES N.A. N.A. Ebixine ViaMediaHealth HealthCare N.A. N.A. IntasPharma Combino Pharm HealthCare N.A. N.A. NewsCorp VCCircle Others N.A. N.A. Hinduja Global Services Colibriumm Partners Others N.A. N.A. Amtek Auto Scholz Edelstahl Automobile 100% N.A. Hindustan Unilever Bhavishya Alliance Others 75% N.A. Snapdeal GoJavas E-commerce N.A. 500-700 M e rge rs & Acquisitions D e a l s M a rch 2 015

Ola buys TaxiForSure for $200M in cash and stock deal Filatex Fashion Buys Ecommerce Portal Vogue4all Deal Participant – Acquirer Deal Participant – Acquirer ANI Technologies Pvt Ltd which runs Olacabs.com was Filatex Fashions is based in Hyderabad, India. It engages in the incorporated in 2010 and is based in Mumbai, India. It manufacture and sale of knitted socks in India. It also involves provides an online marketplace for booking cabs and car the trade of textile products. It manufactures branded socks rentals in India. for popular brands like Fila, VIP, Centro, Adam Phillip and Deal Participant – Target Inmark. Serendipity InfolabsPvt Ltd which runs TaxiForSure founded in Deal Participant – Target 2011 and is based in Bengaluru, India. It operates a taxi Vogue4all.com is the ultimate online store for global designer booking portal that enables consumers to book taxis online in wear collection. Here one can find new and budding designers India. It offers TaxiForSure.com, an aggregator of car rentals as well as big names in fashion designing world showcasing and taxis that provide various services, including airport their masterpieces at best affordable price. They become the transfer, outstation car hire, local car hire and holiday bridge between the big designers and buddying designers all packages. over the world Deal Value Deal Value Rs 1,240 crore Rs. 40 Cr Synergy Benefits Synergy Benefits Post this acquisition; the combined entity will be strong and Post the deal, the site is likely to rebranded and relaunched as capitalized to offer the best value to all their a multi-brand ecommerce site. It would expand the company’s stakeholders, including their customers. online presence.

Job Search App Super Acquires Mobile SDK Startup Viraltrics Brick Eagle acquires affordable housing project TMC at Karjat Deal Participant – Acquirer Deal Participant – Acquirer Super, a tinder for jobs facilitates matching job seekers and Brick Eagle Capital Group is based in Maharashtra, India. It is a employers through the app. The app began as a Super Resume real estate investment firm specializing in investments in land Builder by Faisal Memon, the Founder & CEO and is and housing. It is a financial services platform for the transforming the app into a full time recruitment portal and affordable housing industry and they are working to correct plans to come up with a chatting feature to connect the two this imbalance. from the current emails. Deal Participant – Target Deal Participant – Target Tanaji Malusare City is a 105 acre township project in Viraltrics was founded in 2014 (Formerly known as Karjat, Mumbai. Karjat is one of the MMRDA’s focal points to WiGi), allows mobile apps to acquire and engage users decongest Mumbai. MMRDA intends to convert Karjat into a through ready-to-use growth hacking solutions. The apps satellite township with world class infrastructure on the lines dashboard allows developers create either a referral, referral of a self sustained business city. reward or notification trigger and map it to the trigger points Deal Value in the app. The app works on a SaaS model. Rs. 300 crore Deal Value Synergy Benefits Undisclosed The Township project is being developed by Sheltrex, which is Synergy Benefits an incubated developer of Brick Eagle Group. With TMC Post the acquisition the company claims to have over half a revived as Sheltrex, Brick eagle will have a stronger offering for million app downloads on Android. customers, old and new, with a range of amenities in a Smart township. M e rge rs & Acquisitions D e a l s M a rch 2 015

8K Miles Software Buys MindPrintInc's Assets Flipkart Acquires Mobile Ad Network Company AdIQuity Deal Participant – Acquirer Deal Participant – Acquirer 8K Miles Software Services Limited was incorporated in 1993 Flipkart (Company) was founded in 2007 by Sachin and is based in Chennai, India. It enables enterprises and small Bansal and Binny Bansal. They had been working and medium businesses to integrate cloud computing into for Amazon.com previously. The business was formally their information technology and business strategies. It incorporated as a company in October 2007 as Flipkart Online provides online services; and federated identity management Services Pvt. Ltd. Flipkart now employs more than 16000 services for large distributed enterprises, government people. Flipkart allows payment methods such as cash on agencies and small and medium service providers. delivery, credit or debit card transactions, net banking, e-gift Deal Participant – Target voucher and card swipe on delivery. MindPrintInc was founded in 2010. It Deal Participant – Target designs, develops, implements and supports cloud-based AdIQuity was incorporated in 2006 and is based in custom Enterprise Software for the Clinical Research market. It Bengaluru, India. It operates a mobile ads platform that specializes in mapping complex requirements into simple and enables application developers and mobile publishers earn highly effective Enterprise Software systems that bring scale high revenue from their mobile inventory worldwide. It also and stability to organization’s operations. facilitates ad agencies, ad networks, DSPs and other media Deal Value buyers to acquire global mobile traffic. $400K Deal Value Synergy Benefits Undisclosed Mindprint's deep domain knowledge of CRO and Synergy Benefits pharmaceutical outsourcing operations will provide 8K Miles AdIQuity has a history of mobile innovations, extremely additional competitive advantage to capitalize on the growth valuable experience in the ad space and a talented tech team potential in the related markets in India and abroad. – all of which are a great strategic fit for Flipkart.

Pricol Offloads Stake In Denso Pricol India To JV Partner VC Backed Mobile App NewsHunt Acqui-Hires Big Data Denso Corporation Startup Vauntz Deal Participant – Acquirer Deal Participant – Acquirer Denso Corporation is founded in 1949. It is a global NewsHunt is a regional vernacular content aggregator. automotive components manufacturer headquartered in the It aggregates content from 100 news sources with over city of Kariya, Aichi Prefecture, Japan. It develops and 25,000+ articles (daily) in over 12 languages. It recently manufactures various auto-parts including but not limited to: launched its ebook marketplace which has over 10 million Gasoline/Diesel Engine Components, Hybrid Vehicle local language eBooks downloaded till date by over 2 million Components, Climate Control Systems, Instrument users. Clusters, Air-Bag Systems, Pre-Crash Radar Systems and Spark Deal Participant – Target Plugs. Vauntz Software India Private Limited was incorporated in 22 Deal Participant – Target November 2013. It has three products: Hurricane, a SaaS Pricol Limited manufactures and sells automotive components custom Analytics system and Vaunt. They provide services in in India and internationally. It was founded in 1972 but started big data processing / Analytics, Android / iOS development its production in the year 1975 based in Coimbatore. It also and Website & tools development. manufacture sintered components and products for fleet Deal Value management solutions. Undisclosed Deal Value: Synergy Benefits Rs. 20 Cr. It is a Strategic Investment Synergy Benefits Post the acquisition Denso Pricol India has become a wholly owned subsidiary of Japan’s Denso Corporation. M e rge rs & Acquisitions D e a l s M a rch 2 015

Price comparison site YouTellMe acquires coupons portal Edu-Tech Startup Embibe Acquires Student Guidance Portal Priceburp.com 100Marks Deal Participant – Acquirer Deal Participant – Acquirer YouTellMe Media Pvt Ltd was incorporated in 2014 and is Embibe.com owned by Indiavidual Learning Pvt Ltd was based in Mumbai, India. It operates an online price founded in 2012 by Aditi Avasthi, and is based in comparison site in India. It enables users to compare product Mumbai, India. It develops and operates an online test features across similar products and also compare prices preparation portal. It offers online test papers for engineering across various online retailers in categories. aspirants to crack their competitive exams like IIT JEE and Deal Participant – Target BITSAT. Apart from this, it leverages technology to offer Priceburp.com was founded in 2011 and is based in personalized analytics to students around performance Mumbai, India. It operates a coupon based Website that offers metrics like speed, accuracy, time management, attempt discount coupons, coupon codes, promotional offers and planning, stamina. others for various products from online stores in India. In Deal Participant – Target other words, they will get you the right coupons and codes to 100Marks is an online student guidance portal run by help you save money every time you shop. Real people and Superedge Technologies Pvt Ltd was incorporated in 2012 and real reviews assist you to make an informed buying decision is based in Gurgaon, India. It is an e-learning company, offers and get the best price on the product of your choice. on-line test assessment and adaptive learning solutions. It Deal Value offers question banks helping engineering entrance students. Undisclosed Deal Value Synergy Benefits Undisclosed The company is planning to raise $1-1.5 million (Rs 6-10 crore) Synergy Benefits in its Series A round of funding in a few months. The funds will Both Embibe and 100Marks share a common vision of helping be used for further development of the product students score higher and it was only logical for the two to offering, hiring talent, as well as for marketing come together in an effort to create the strongest platform for test preparation in India.

Recruitment App Super Acquires CrunchCommerce Fortune Financial Services Acquires Inga Capital Deal Participant – Acquirer Deal Participant – Acquirer Super began as a mobile resume builder in 2013, facilitating Fortune Financial Services (India) Limited was incorporated in matching job seekers and employers through the app. Its aim the year 1991. It is engaged in providing a range of financial is to help companies connect with the right candidates services which includes equities and derivatives trading, equity through an algorithm that looks at the resume and keywords research, commodities trading, portfolio management in an employer’s description to make a match. services, distribution of mutual funds, IPO & insurance Deal Participant – Target products and also investment banking services. CrunchCommerce is a bootstrapped company with SaaS Deal Participant – Target products for eCommerce companies that want to go mobile. It Inga Capital Private Limited, incorporated on November allows its clients to build and manage their mobile commerce 2, 1999 is based in Mumbai, India. It offers advisory services in for users through a SaaS model. the areas of Mergers & Acquisitions, IPO's, Debt Deal Value: Syndication, financial restructuring, buybacks, joint ventures Undisclosed and entry strategy advisory. Synergy Benefits: Deal Value Post the acquisition Crunch Founder and its entire team will Undisclosed now be part of Super and with this deal Crunch would seek to Synergy Benefits leverage on Super’s user base which will make them fastest It is a Strategic Investment growing mobile startup in India. M e rge rs & Acquisitions D e a l s M a rch 2 015

Housing.com Acquires Online Discussion Platform Indian Real Shiroki Corporation Acquires Majority Stake In JV With Estate Forum Technico Deal Participant – Acquirer Deal Participant – Acquirer Housing.com is a Mumbai-based real estate search portal Shiroki Corporation was founded in 1946 and is headquartered which allows customers to search for housing based on in Toyokawa, Japan. It develops, manufactures, and sells geography, number of rooms, and various other filters various interior and exterior components for automobiles Deal Participant – Target worldwide. In 1988, the company name was changed to the Indian Real Estate Forum (IREF) is a social networking platform "SHIROKI Corporation." Shiroki develops, manufactures and for the real estate community. The site gives information such sells worldwide a variety of interior and exterior components as new projects, developers, localities, brokers and plots that for automobiles. helps buyers gather information before making the purchase. Deal Participant – Target It is known for holding user-generated but moderated Technico Industries Ltd. was founded in 1972 and is based in discussions on topics largely related to Gurgaon, India. It manufactures automotive components. It properties, development status, pricing, market trends, etc. offers window regulators, door and hood hinges, seat Deal Value: sliders, seat recliners, shift towers, gear shifters, and sheet Rs. 8 Cr. components Synergy Benefits Deal Value: Post the acquisition, IREF would operate independently under Undisclosed one of Housing.com. Through the deal Housing.com seeks to Synergy Benefits launch ask me anything (AMA) forum on IREF to address the The deal will give the benefit to the company of latest users queries. technology and design support.

Cadila Acquires Bharat Serums' Stake In Zydus BSV Pharma Amtek Auto Acquires German Forging Company Deal Participant – Acquirer ScholzEdelstahl Cadila Healthcare Limited was founded by Late Mr. Ramanbhai Deal Participant – Acquirer B. Patel in 1952 and is headquartered in Ahmedabad, India. It Amtek Auto Limited was incorporated in 1988 and is based in discovers, develops, manufactures, and markets a range of New Delhi, India. It manufactures and sells automotive healthcare products worldwide. In 1995, the group components in India and internationally. It offers its products restructured its operations and Cadila Healthcare came into for passenger cars, two or three wheelers and light and heavy being under the aegis of the Zydus group. commercial vehicles; and tractors, locomotive Deal Participant – Target components, railways, construction and earth moving Zydus BSV Pharma Pvt. Ltd., founded in 2005 is a joint venture vehicles, aerospace and oil and gas. company of Zydus Cadila, a global healthcare company and Deal Participant – Target Bharat Serums and Vaccines Limited (BSV). It ScholzEdelstahl GmbH was founded in 1991 and is based in develops, manufactures and markets non-infringing and Essingen, Germany. It provides steel processing and finishing proprietary Novel Drug Delivery System (NDDS) of approved services and supplies stainless steel products. Scholz is a high anti-cancer agents for global markets. It also offers Contract quality hot die forgings manufacturer for both auto and non- Manufacturing capabilities based on its modern facility and auto component industries experience in the Oncology injectable product manufacturing Deal Value area. Undisclosed Deal Value: Synergy Benefits Undisclosed Through this acquisition Amtek Auto will capitalize Scholz's Synergy Benefits strong customer relationships and large supporting Post this acquisition, Zydus BSV has become a wholly-owned infrastructure to drive backward integration into their group subsidiary of Cadila Healthcare. companies M e rge rs & Acquisitions D e a l s M a rch 2 015

Prodapt Solutions Buys VDVL Consultants Ebix Inc Acquires Health Communication Agency Via Media Deal Participant – Acquirer Health Prodapt Solutions was incorporated in 1999 and is Deal Participant – Acquirer headquartered in Chennai, India. It is a part of 120 year old Ebix, Inc. was founded in 1976 and is headquartered in business conglomerate, Jhaver Group. With over 13000 people Atlanta, Georgia. It provides software and e-commerce across 60+ locations around the world, the group has solutions to the insurance industry. It provides a series of businesses in - IT application software products for the insurance industry Services, Healthcare, Chemicals, Pharmaceuticals, Agro- ranging from carrier systems, agency systems and exchanges chemicals, Textiles, Apparel accessories & BPO industry. It to custom software development for all entities involved in provides information technology and engineering services with the insurance and financial industries. a focus on telecommunication industry. They work with Deal Participant – Target Communications Service Providers (CSPs), ISVs and NEM Via Media Health Communication Pvt. Ltd. was founded in customers. 2001 and is headquartered in New Delhi, India. It offers Deal Participant – Target communication solutions for the healthcare industry. Its VDVL Consultants was incorporated in 1992.VDVL solutions engage consumers to better understand their Consultants, over a span of 25 years, has built a strong track health, wellness and benefits choices and provide the tools to record by servicing most of the large telecom operators in The assist them in making personalized health and benefits Netherlands. It provides BSS/OSS Architecture & decisions, while helping health care organizations and Design, Business Process Analysis and Definition. employers reduce the costs of health care and benefits Deal Value administration. Undisclosed Deal Value Synergy Benefits Undisclosed This consolidation will strengthen Prodapt’s delivery Synergy Benefits capabilities for both wireline, wireless and convergent A.D.A.M. (Animated Dissection of Anatomy for Medicine) is a operators; especially in the area of BSS/OSS and network business unit of Ebix, Post the acquisition Via Media Health will integration solutions and further strengthen its position as a be immediately integrated into its A.D.A.M. Health leading global player exclusively focused on the Information Exchange Division and will be known as A.D.A.M communications industry. India. Via Media Health’s acquisition will provide A.D.A.M. immediate access to clients.

Temasek Backed Intas Pharma Acquires Spanish Drug VC Backed Home Decor E-tailer LivSpace Acquires DezignUp Maker's Hospital Unit Deal Participant – Acquirer Deal Participant – Acquirer Bengaluru-based LivSpace, an e-commerce startup in the Intas Pharmaceuticals Ltd. engages in the home design and decor space, seeks to help new home buyers development, manufacture, and marketing of pharmaceutical select interior design for their homes through a catalogue and formulations. It was founded in 1985 and is based in then buy the combined sets. It has an in-house design team Ahmedabad. and selected designers, who build the catalogue. Deal Participant – Target Deal Participant – Target Combino Pharm was founded in 1996 and is engaged in DezignUp is an online community where homeowners and developing and marketing generic medicines for both the design enthusiasts discover inspirations, interior retail and hospital markets in Spain. It sells its products to designers, architects and designer products to design a home. visiting doctors, pharmacies, hospitals, and generic Deal Value: pharmaceutical laboratories worldwide. Undisclosed Deal Value Synergy Benefits Undisclosed Post-acquisition, Livspace will offer even more scale and Synergy Benefits choice to homeowners as they design their homes. Post the deal, Intas would become the second largest hospital generic player in Spain. M e rge rs & Acquisitions D e a l s M a rch 2 015

NewsCorp completes acquisition of VCCircle Hinduja Global Solutions Buys Insurance Focused Cloud Tech Deal Participant – Acquirer Firm Colibrium News Corp is a global, diversified media and information Deal Participant – Acquirer services company focused on creating and distributing Hinduja Global Solutions (a BPO unit of Hinduja Group) was authoritative and engaging content to consumers throughout founded in 1973 and is headquartered in Bangalore, India. It the world. It businesses comprises across a range of offers voice and non-voice based services, such as contact media, including: news and information services, book centre, back office transaction processing, and customized publishing, cable network programming in Australia. information technology solutions in North Headquartered in New York, the activities of News Corp are America, Europe, and Asia. conducted primarily in the United States, Australia, and the Deal Participant – Target United Kingdom. Colibrium Partners, LLC was founded in 2005 and is based in Deal Participant – Target Atlanta, Georgia. It offers health insurance software products The VCCircle Network, founded in 2005 is owned by New and services. It focuses on sales, service and wellness Delhi-headquartered Mosaic Media Ventures Pvt Ltd, a leading automation in the health insurance industry It has developed a online financial data and information services group. It is the cloud-based platform that facilitates end-to-end work flow pre-eminent source of information, data and analysis for the automation capability to healthcare service providers. Indian investment ecosystem. It tracks M&A, venture Deal Value: capital, private equity, investment banking, and emerging Undisclosed companies and sectors. Synergy Benefits Deal Value: The acquisition would bring complementary platform and Undisclosed servicing capabilities to HGS in sales and enrollment areas for Synergy Benefits the US and global health insurers. The cloud-based platform The deal will help NewsCorp to speed up its growth plans and for online self-service combined with a pool of licensed health building on a strong foundation created by proprietary insurance agents are the key drivers behind this acquisition, data, information, content, and networking capabilities in India’s digital business world.

Snapdeal Invests In Jabong's Spun Out Logistics Company Hindustan Unilever acquires remaining 75% stake in GoJavas Bhavishya Alliance Deal Participant – Acquirer Deal Participant – Acquirer Snapdeal.com was started in February 2010 by Kunal Bahl and Hindustan Unilever Limited (HUL) is an Indian consumer Rohit Bansal, as a daily deals platform inspired goods company based in Mumbai, Maharashtra. It is owned by by Groupon.com but expanded in September 2011 to become Anglo-Dutch Company Unilever, which owns a 67% controlling an online marketplace. It has grown to become one of the share in HUL. HUL's products include largest online marketplaces in India offering an assortment of foods, beverages, cleaning agents and personal care products. 4 million+ products across diverse categories from over 50,000 HUL was established in 1933 as Lever Brothers and, in sellers. 1956, became known as Hindustan Lever Limited, as a result of Deal Participant – Target a merger between Lever Brothers. GoJavas was founded in 2013, with the vision of becoming an Deal Participant – Target industry leader in providing reliable, time-bound logistics and The Bhavishya Alliance was established in 2006 by The supply-chain solutions to its business partners. GoJaVAS team Synergos Institute, Unilever and UNICEF as a nonprofit has over half a century of cumulative experience in e- organization to tackle the intractable challenge of child under- commerce, traditional logistics, new age logistics, supply-chain nutrition. As a uniquely multi-sectoral strategic alliance in etc. India, it sought to develop a cohesive response to child under- Deal Value: nutrition in target areas in the State of Maharashtra. Rs 120 Cr. Deal Value: Undisclosed Summary of Mergers & Acquisitions Update

M&A Deals by Sector Food & Beverages 3% 3% Healthcare 6% Manufacturing 12% 13% Other 6% Automobile E-Commerce 22% 22% Healthcare Real Estate 13% Media & Entertainment

No of M&A Deals by Size (Rs Crore) 0% 4% 7% Undisclosed below 100 14% 100 - 300 300 - 500 above 500 75% PE / VC Update Snapshot of PE/VC Update for March 2015

Investor Target Sector Stake Cr. IDG Ventures, Jungle, India Quotient Momoe Technologies E-Commerce N.A. 7.2 Media & Helion Venture/ Kae Capital Truly Madly Entertainment N.A. 35

Piramal Fund Management Ashiana Homes Real- Estate N.A. 66 Volvo Eicher Motors Automobile 8.70% 1920 Maverick Capital Vserv IT/TES N.A. 90 Custom Furnish Others N.A. 16 Angel Investor InstaLively IT/TES N.A. 75 HNI Corporation Kashmir Finance Education N.A. N.A. West-Bridge Greenply Infrastructure 12.80% 63 SAIF Niffler IT/TES N.A. 6 Avenue Venture Partners Assetz Property Real- Estate 33% N.A. (Name Undiscloaed) SAIF Partners NBFC N.A. 2,200 Shrem Strategies LocalBanya Others N.A. N.A. (Name Undiscloaed) MapMyGenome Healthcare N.A. 7 (Name Undiscloaed) Bite Club IT/TES N.A. N.A. Ashok Ajmera FlywithVIP Others N.A. N.A.

India Angel Network Services Process9 N.A. 9 Kalaari Capital Crowdfire Others N.A. 15 Media & Snapdeal Routofy Entertainment N.A. N.A.

IIFL & India Alternative PEF Credit Information Bureau NBFC 4% 63 Tiger Global ChargeBee Others N.A. 31 Xander Group Inc. Kumar Urban Development Real- Estate N.A. 280

Exfinity Fund LensBricks IT/TES N.A. 6.3 Ventureast Fund Advisors DiabetOmics Healthcare N.A. 31 Sequoia Capital Groupon (India) Others N.A. 126 Tiger Global Moon Frog IT/TES N.A. 94 (Name Undiscloaed) Orobind IT/TES N.A. 1,200 (Name Undiscloaed) Qyk E-Commerce N.A. N.A. Kae Capital Daily Rounds IT/TES N.A. 3 Ratan Tata Paytm Others N.A. N.A. IDG Ventures, InMobi Founder NestAway Technologies Others N.A. 8

Motilal Oswal Real Estate Rajesh Lifespaces Real- Estate N.A. 113 Bonito Designs Slyds Services IT/TES N.A. 0.5 Kedaara Capital Parksons Packaging Others N.A. 200 RBL Bank Trifecta Capital NBFC N.A. 50 Media & CA Media & Start Media Graphic India Entertainment N.A. 17.5 IDG Ventures Tripoto Others N.A. 12.5 Snapshot of PE/VC Update for March 2015

Investor Target Sector Stake Cr. Valiant Capital Mahindra First Choice Wheels Automobile N.A. 94 (Name Undiscloaed) Lets Corp Others N.A. 18.8 Shine Round One Others N.A. 6 Tenninovate CollateBox IT/TES N.A. 113 Goldman Sachs Hathway Cable & Datacom Ltd IT/TES N.A. 21.4 Armat Group Harness Handitouch Education N.A. N.A. Y Combinator Razorpay Software IT/TES N.A. 0.75 Sol Primero Cubito Others N.A. 1 PremjiInvest Cyanogen IT/TES N.A. 505 Ratan Tata & Others Grameen Capital NBFC N.A. N.A. Rajasthan Venture Capital Mosambee Others N.A. N.A. Lightbox Ventures Furlenco Others N.A. 38 (Name Undiscloaed) LocalOye IT/TES N.A. N.A. Accion Venture Lab & Riana Capital Artoo IT Solutions IT/TES N.A. 5 (Name Undiscloaed) FXKart Others N.A. 12 JAFCO Asia TeaBox Food & Beverages N.A. 40 Media & Sequoia Capital Teewe Entertainment N.A. 11 Greenoaks Capital Oravel Stays Private Limited Others N.A. 125 Nexus Venure Partners Aryaka IT/TES N.A. 101 Ennovent Circle Anant Learning Education N.A. N.A. Canbank Ventures Shera Energy Pvt Ltd Others N.A. 10 Piramal Fund Management BKC Slum Redevelopment Real- Estate N.A. 125 Pittie Group Chargein IT/TES N.A. 0.62 Peesh Venture Capital Start-up Others N.A. 301 Angel Investor Yogurt Lab IT/TES N.A. 0.72 Piramal Fund Management Omkar Realtors & Developers Real- Estate N.A. 1200 Aspada InI Farms Others N.A. 20 Tiger Global Limeroad E-Commerce N.A. 189 Zodius AppsDaily IT/TES N.A. 100 Tano Capital Arohan Financial NBFC 30% 60 Mayfield, Kalaari Capital TripHobo IT/TES N.A. 18 Tiger Global Roposo Others N.A. 31 YourNest Angel Fund Golflan Technology Others N.A. N.A. Rocket Internet FoodPanda Others N.A. 688 (Name Undiscloaed) wWhere Others N.A. 1.2 (Name Undiscloaed) ePoise System Others N.A. N.A. Snapshot of PE/VC Update For M a rch 2 015

Billing & Payments App Momoe Secures Seed Funding from Helion Venture, Kae Capital Back Dating App TrulyMadly IDG Ventures, Others Deal Participant – Investor Fund Deal Participant – Investor Fund Helion Venture Partners, LLC was founded in 2006 and is IDG Ventures was founded in 1996 and is based in San based in Port Louis, Mauritius. It invests in seed stages. It Francisco, California. It makes mezzanine investments. It invests in high growth technology powered businesses with a invests in information technology, internet and healthcare focus on enterprise software, online technology companies. services, mobility, software-as-a-service (SaaS) hosted on Jungle Ventures is based in Singapore. It seeks to invest in e- cloud, premise-based software, mobile, Internet, internet commerce, consumer services, technology products and outsourcing sectors. It looks internet, SaaS, travel, lifestyle, content/digital media, digital into consumer services, education segment, retail marketing, applications and cloud computing. services, healthcare, financial services and e-commerce. India Quotient is based in Mumbai, India. It focuses on Kae Capital was founded in August 2011 and is based in investments in B2C companies in the following sectors: Mumbai, India. It is sector agnostic and is open to invest any internet and mobile; fashion; lifestyle; consumer finance; business, particularly with a focus on technology investments technology-oriented businesses in the healthcare and including mobile, e-commerce, education, healthcare and education segments; financial services; food and travel; and consumer internet. consumer discretionary. Deal Participant – Target Deal Participant – Target TrulyMadly Matchmakers Pvt. Ltd founded in August 2014. Momoe Technologies Private Limited was founded in 2014 and Sachin Bhatia and Hitesh Dhingra teamed up with Rahul Kumar is based in Bengaluru, India. It allows users to make payments to launch TrulyMadly. It serves as platform enabling singles at establishments like restaurants and stores through smart find their match. The app pulls out matches based on the users phone. With Momoe, they provide a smooth and simple way preferences for people to pay. They believe mobile payments will happen Deal Value and Momoe will spearhead the change. The product was Rs. 35 Cr launched to users in August. Deal Value $1.2M

Ashiana Homes Raises Funds From Piramal Fund Volvo Part Exits Eicher Motors Management Deal Participant – Exit Deal Participant – Investor Fund AB Volvo was founded in 1915 and is headquartered in Piramal Fund Management Pvt. Ltd. was founded in 1995 and Gothenburg, Sweden. However the Volvo Group and Volvo is based in Mumbai, Maharashtra. It is a real estate investment Cars consider themselves to have been officially founded on arm of Piramal Enterprises Limited specializing in 14 April 1927.AB Volvo began activities on 10 August 1926. It redevelopment properties and residential projects. Piramal manufactures and sells trucks, buses, construction equipment Fund Management Pvt. Ltd. (Formerly IndiaReit Fund Advisors and marine and industrial engines. It also Pvt. Ltd.) is a private equity fund with approximately $1.45 develops, manufactures and markets equipment for billion assets under management. It provides debt and equity construction and related industries. capital to companies operating in India. The firm seeks to Deal Participant – Target invest in real estate sector. Eicher Motors Limited manufactures automobile products and Deal Participant – Target related components in India. It designs, manufactures and Ashiana Homes was founded in 1987 and is based in New markets commercial vehicles, such as Eicher trucks and Delhi, India. It is engaged in the development, construction buses, Volvo trucks, Eicher engineering components, and VE and delivery of residential and commercial projects in India. It power train products, as well as offers engineering design also provides facility management and maintenance services. solutions. It also manufactures and sells Royal Enfield Since 1997 Group has been focused in Delhi-National Capital motorcycles. Region (NCR) with development and construction of Deal Value residential projects at Greater Rs. 1920 Cr Noida, Indirapuram, Ghaziabad, Gurgaon and with new Projects coming up in Bhubaneswar and Jaipur. Deal Value Rs. 66 Cr Snapshot of PE/VC Update For M a rch 2 015

Maverick Capital Backs Mobile Marketing Startup Vserv Furniture E-Tailer Custom Furnish Secures Seed Funding Deal Participant – Investor Fund Deal Participant – Investor Fund Maverick Capital was founded in 1990 and is based in A group of angel Investors which includes Mr. Satish Reddy Dallas, Texas. It is an employee owned hedge fund sponsor. It who is a Indian business executive and Chairman of Dr. provides its services to pooled investment vehicles. It also Reddy's Laboratories, Mr. Srinivasa Raju who is a Co-founder manages funds. It invests in the public equity markets of the and Chairman of Peepul Capital and Mr. Srini Koppolu who is United States. The firm invests in venture-backed the chairman of Setu Software and an angel investor based in biotechnology companies. Hyderabad, India. Deal Participant – Target Deal Participant – Target Vserv Digital Services was incorporated in 2007 and is based in Custom Furnish is an online furniture store. It customizes Mumbai, India. It provides a platform that offers mobile furniture such as wardrobes, modular kitchens and sofas using advertising solutions for advertisers, developers and online design software. You can create a fresh design or publishers. It offers advertising formats and targeting customize one from their extensive range. Customfurnish.com capabilities for mobile Web, applications and games, videos is a perfect solution for every size and every kind of house. and 3G video voice portals, as well as media mobile Deal Value campaigns. Its application analytics provides real-time Rs. 16 Cr accurate data to developers about how consumers are using their mobile applications. Deal Value Rs. 90 Cr

Kashmir Finance Secures Funding From HNI's Event Broadcasting Startup InstaLively Secures Angel Deal Participant – Investor Fund Investment HNI Corporation was founded in 1944 by engineer, C. Maxwell Deal Participant – Investor Fund Stanley; advertising executive, Clem Hanson; and industrial The angel investor’s names and stake given out remains designer, H. Wood Miller is headquartered in undisclosed. Muscatine, Iowa. HNI is the leading gas and wood burning Deal Participant – Target fireplace manufacturer and marketer in the United States. It InstaLively was founded in 2014. Its platform helps broadcast engages in the design, manufacture and marketing of office any event LIVE in just a single click and directly link it up to furniture and hearth products. Youtube Channel. Its focus is on Instant Video/ Audio Deal Participant – Target Digitization on low 3G bandwidths using just a Mobile app - Kashmir Finance Private Limited began operations in July Making it as simple and cost-effective as possible for the 2012. Sharat Kurup is the Founder and Principal of KSFi. It everyday enterprise to create/ broadcast content from any offers loans to students pursuing job oriented vocational location, thereby democratizing Online Video. courses from the institutes delivering skill based courses. The Deal Value endeavour is to cater towards financing the education, skill $120K and talent development needs, and also providing peripheral market demands in the form of products and services of students, educational institutes, corporate and skill development intermediaries. Deal Value Undisclosed Snapshot of PE/VC Update For M a rch 2 015

WestBridge raises stake in Greenply to 12.8% for around SAIF Partners Invests In Deal Discovery App Niffler $10M Deal Participant – Investor Fund Deal Participant – Investor Fund SAIF Partners was founded in 2001 and is based in Hong Kong. WestBridge Capital Partners, LLC was founded in 2011 and is It may also invest in companies which are undervalued relative based in Ebène, Mauritius. WestBridge was co-founded by KP to their long-term growth prospects and special situations. It Balaraj, Sumir Chadha, SK Jain and Sandeep Singhal. The same prefers to invest in business services, education team of four also co-founded Sequoia Capital India. It is a services, consumer products and services, clean private equity firm specializing in direct and indirect energy, Internet, information, technology, media, telecom, fin investments. It seeks to invest in both PIPES and public and ancial services, natural resources, medical and later stage private companies. It focuses on investments in the healthcare, travel and tourism, manufacturing, retail, e- mid-sized publicly listed companies in the financial commerce, mobile value-added services and agricultural services, consumer services, health-care and information sectors. technology sectors. Deal Participant – Target Deal Participant – Target Niffler Co-founded by the investment bankers Edul Greenply Industries Limited was founded in 1990 and is Patel, Prince Arora and Viraj Shah, is a mobile app that helps to headquartered in Kolkata, India. It is India's largest interior find the best offers and rewards for completing actions at infrastructure company with a whopping turnover of Rs. 2000 partner stores. It also discovers deals and discounts across crore followed by a jump of 21.64% during the last fiscal. It’s offline stores. It generates a collection of products and new an interior infrastructure arrivals based on users’ preferences. The team has also company, manufactures, markets, and distributes partnered with big brands like McDonald’s, Ammi’s plywood, laminates, particle boards and allied products Biryani, Birdys, Cafe Moshes and Four Fountains De-Stress Spa primarily in India. It offers its products under various brand to provide exclusive offers for Niffler users. names through 46 marketing offices. Deal Value Deal Value Rs. 6 Cr $10M

Avenue Venture Partners exits Assetz's project Marq with SAIF Partners Raises New India Focused Fund 33% IRR Deal Participant – Investor Fund Deal Participant – Investor Exit Group of 27 Investors (Names undisclosed) Avenue Venture Partners is a seed-stage and early-stage Deal Participant – Target venture capital private equity group. Avenue Venture Partners SAIF Partners was founded in 2001 and is based in Hong Kong. Investment Adviser LLP (AVP) is a Real Estate Private Equity It invests organically and through acquisitions. It prefers to Firm in India, and Real Estate investing is our only business. invest in business services, education services, consumer AVP, owned and managed by professionals, has fully aligned products and services, clean interests among portfolio companies, limited partners and energy, Internet, information, technology, media, telecom, fin general partners. ancial services, natural resources, medical and Deal Participant – Target healthcare, travel and tourism, manufacturing, retail, e- Assetz Property was incorporated in 2006 and is based in commerce, mobile value-added services and agricultural Bengaluru, India. It provides property development services in sector’s. Besides providing capital to winners, we support our India. The company engages in developing and delivering real portfolio companies in hiring the best talent, developing a estate projects from land identification and inception strong go-to-market strategy and bringing on board the right design, construction, financing, marketing, final set of advisors. occupation, and asset management. Deal Value Deal Value $350M Undisclosed Snapshot of PE/VC Update For M a rch 2 015

Shrem Strategies Invests In Online Grocer LocalBanya Molecular Diagnostics Company MapMyGenome Secures Deal Participant – Investor Fund Funding Shrem Strategies is a part of Shrem Group established in 2011. Deal Participant – Investor Fund It is a conglomerate with interest spanning across real Group of angel investors which includes Mr. Rajan estate, hospitality, finance, aerospace, ecommerce among Anandan, Managing Director and Country Head of Google others. As a privately owned family business, the Group is India, Ms. Aarti Grover, whole Time Director of Kaycee spearheaded by two brothers, Mr Nitan Chhatwal and Mr. Industries Ltd., Ms. Meera Kaul, an angel investor along with Hitesh Chhatwal who have a collective experience of more the exposure of having worked in venture capital and private than 40 years in creating wealth and building business value. equity domains and Ms. Sarah Dhar. Deal Participant – Target Deal Participant – Target LocalBanya.com was founded in 2012 by Karan MapMyGenome was founded by Anu Acharya in 2013. It Mehrotra, Amit Naik and Rashi Choudhary. It is a premier provides insights into the genetic basis about individuals online convenience store across with services across Mumbai including traits, drug responses, inherited conditions and & Pune. It is an online grocery store/supermarket that offers diseases using the Genomepatri. 1400 household products with wide array of categories of Mapmygenome has several products for Personal fruits and vegetables, exotic vegetables, groceries, personal Genomics and Diagnostics. Personal Genomics products care, household supplies, detergents, kitchen like Genomepatri and Sugargene are not Diagnostic ware, breakfast, snacks etc. products, but allow you to understand your genetic makeup. Deal Value Deal Value Undisclosed Rs. 7 Cr

Food Ordering App Bite Club Raises Angel Funding FlyWithVIP.com Secures Funding From Ajcon Global CMD Deal Participant – Investor Fund Ashok Ajmera Group of Angel investors which includes Powai Lake Ventures Deal Participant – Investor Fund (Angel Group investor based in Mumbai), Ashok Ajmera is a CA by profession, he has over 30 years of Mr. Aneesh Reddy is the Co-Founder and Chief Executive experience across various segments of financial industry. He is Officer of Capillary Technologies Pvt. Ltd., the founder and CMD of Ajcon Global which in addition to Mr. Ashish Kashyap is Founder of Ibibo Group Private Limited project consultancy and merchant banking, offers broking & and serves as its Chief Executive Officer, corporate advisory services to several financial Mr. Alok Mittal co-founded WebNeuron Services Limited. He is institutions, banks and corporates. Co-founder of Indian Angel Network. He is an Advisors-in- Deal Participant – Target Residence at VentureNursery. FlywithVIP.com was founded in 2011. It is a global concept Deal Participant – Target that ensures the adjacent seat to a celebrity in flight would be Bite Club is a Gurgaon-headquartered food ordering start-up. occupied by a person who is keen to meet them rather than a It enables users to order meal from a dynamic changing menu person randomly decided by the airline staff at the check-in through its Android app. The food is prepared by aggregated counter. people like home chefs, amateur chefs and professional chefs. Deal Value Deal Value Undisclosed Undisclosed Snapshot of PE/VC Update For M a rch 2 015

Indian Angel Network Invests In Translation Software Startup Crowdfire Secures Series A Round From Kalaari Capital Process9 Deal Participant – Investor Fund Deal Participant – Investor Fund Kalaari Capital was founded in 2006 is a $160 million venture Indian Angel Network Services Pvt. Ltd. was founded in 2006 capital fund with a strong advisory team in Bangalore investing and is headquartered in New Delhi, India. It operates as a in early-stage, technology-oriented companies in India. It seeks network of angel investors who invest in early stage to invest in technology savvy companies and technology- businesses which includes Mr. Alok Sharma, Chief Executive enabled services for India and the global markets. It also Officer at Nature Eco Ventures Pvt. Ltd., Mr. Saurabh invests in materials, energy, financials, biotech and industrials Srivastava, Head at CA Technologies, Mr. Kris sectors. They are passionate about investing in entrepreneurs Gopalakrishnan, Co-founder at Infosys, Mr. Ajai who are poised to be tomorrow's global leaders. They seek Chowdhary, co-Founder of HCL Technologies. companies that are capturing new markets, providing Deal Participant – Target innovative solutions, and creating new wealth for India and Process nine was founded in 2010. It is a software company beyond. with expertise in localization technology addressing Deal Participant – Target Internet, cloud and mobile application space. It works with Crowdfire, a social media management app (formerly known mobile device manufacturers, eCommerce companies, mobile as JustUnFollow) was founded in February, 2010 app developers, content providers, eGovernance and media It is aiming to become a social media marketing companies enabling them to achieve Indic localization. platform, where one can create a brand for themselves and Deal Value enable start-ups reach their target audience Rs. 9 Cr Deal Value $2.5M

Snapdeal Founders Invest In Travel Startup Routofy India Alternatives & IIFL's NBFC arm buys 4% of CIBIL for Deal Participant – Investor Fund around $10M Snapdeal.com was started in February 2010 by Kunal Bahl and Deal Participant – Investor Fund Rohit Bansal, as a daily deals platform inspired India Alternatives Private Equity Fund specializes in mid-stage by Groupon.com but expanded in September 2011 to become growth capital deals. It invests in an online market place. It has grown to become one of the consumer, consumables, healthcare and pharmaceuticals largest online marketplaces in India offering an assortment of sectors. 4 million+ products across diverse categories from over 50,000 IIFL Holdings Limited was founded in 1995 and is based in sellers. Mumbai, India. It offers credit and finance facilities. It also Deal Participant – Target provides wealth advisory services and distributes a range of Routofy was founded in 2013. It helps users find the most financial products. suitable option to reach a destination by showing various Deal Participant – Target transport options according to the need of the user, on Credit Information Bureau (India) Ltd was incorporated in price, duration and comfort using its proprietary routing and 2000 and is based in Mumbai, India. It collects, collates and machine learning algorithms. disseminates credit information on commercial and consumer Deal Value borrowers. Undisclosed Deal Value $10M Snapshot of PE/VC Update For M a rch 2 015

ChargeBee Secures Series B Round from Tiger Global, Accel Realty Developer Kumar Urban Raises Funds From Xander Partners India for Pune Project Deal Participant – Investor Fund Deal Participant – Investor Fund Tiger Global Management, LLC was founded in 2001 and is Xander Group Inc. is an institutional investment firm focused based in New York. It provides its services to pooled on long term, value investing. It invests primarily in companies investment vehicles. It launches and manages hedge funds for which operate in the its clients. It invests in the public equity markets across the infrastructure, hospitality, entertainment, retail and real globe. estate sectors the firm has also enabled investors from Asia to Accel Partners was founded in 1983 and is based in Palo access attractive opportunities in developed Alto, California. It prefers to invest in information markets, especially the United States. technology, cloud computing, storage Deal Participant – Target technologies, infrastructure and E-commerce media. Kumar Urban Development Ltd. is headquartered in Deal Participant – Target Pune, India. It was incorporated on May 25, 1993 by Mr. Lalit ChargeBee Technologies was founded in 2011 by Krish Kumar Jain as Kumar Housing and Land Development Ltd. It Subramanian, Saravan, Rajaraman, Thiyagu and is based in subsequently changed its name to Kumar Urban Development Chennai, India. It operates a subscription management and Ltd.in February, 2008 by following necessary corporate recurring billing platform that delivers a ready plug-and-play actions. It operates as a real estate development company in billing solution on the cloud. It enables users to automate India. It develops commercial, residential and township online credit card billing, track unpaid invoices and make projects. informed decisions. Deal Value Deal Value Rs. 280 Cr $5M

Medical diagnostics co DiabetOmics raises $5M from Exfinity Fund Invests In Imaging Tech Startup LensBricks Ventureast, Shantha founder Deal Participant – Investor Fund Deal Participant – Investor Fund Reservoir Investment Managers is the sponsor of Exfinity Ventureast Fund Advisors India Ltd. is based in Chennai, India. Technology Fund. The USPs of the fund is that they provide It invests in technology and technology-enabled sectors. It also anchor commitment from Icons of the Technology Industry. invests in information and communication They also provide access to proprietary deals through the wide technology, biotechnology, sustainable agriculture, clean network of management team and provide differentiated and environment technology, Internet of Things, healthcare effective incubation model for scaling investee companies. infrastructure, infrastructure Deal Participant – Target technology, biogas, pharmaceutical, food, retail, consumer LensBricks develops smart sensing technology for people and services and multimedia sectors. their homes. Founded in December, 2013 and based in Silicon Shantha Biotechnics was founded in 1993 and is based in Valley, the Lensbricks team has over 40 years of collective Hyderabad, India. It is a biotechnology experience in imaging technologies across company, researches, develops, manufactures, markets and consumer, healthcare, enterprise, sells vaccines. and defense sectors. Deal Participant – Target Deal Value DiabetOmics, Inc. was founded in 2008 and is based in $1M Beaverton, Oregon. It is a medical diagnostics company, engages in the non-invasive assessment and management of personalized health and diabetes risk, progression and complications. Deal Value $5M Snapshot of PE/VC Update For M a rch 2 015

MoonFrog Labs Secures Series A Funding From Tiger Personal Fitness Coach App Orobind Secures Angel Funding Global, Sequoia Capital Deal Participant – Investor Fund Deal Participant – Investor Fund Harpreet Singh Grover is a Co-Founder & CEO of CoCubes.com. Tiger Global Management, LLC was founded in 2001 and is It is platform for online assessments for corporate, institutions based in New York. It is an employee owned hedge fund and individuals. sponsor. It provides its services to pooled investment vehicles. Mr.Zishaan Hayath is the Founder of Haygot Education Private It launches and manages hedge funds for its clients. Limited. He is building Toppr.com, online prep platform for Sequoia Capital was founded by Don Valentine in 1972 and is entrance exams in India. based in Menlo Park, California. It seeks to invest in all sectors Deal Participant – Target with a focus on energy, financials and financial Orobind Fitness Technologies Pvt. Ltd. was launched in Dec services, healthcare and healthcare 2014. Using the Orobind app, one can order for the services of services, Internet, mobile, outsourcing and technology. a personal fitness, wellness or a grooming expert at your Deal Participant – Target house. By connecting people to trusted personal coaches MoonFrog Labs was founded in 2013. It was founded by through their apps, they make it possible for people to achieve experienced game developers committed to radicalize mobile their health goals and create healthier communities. gaming and bringing engaging entertainment to everyone. Deal Value Deal Value $200K $15M

Professional Services Marketplace Qyk Gets Funded Digital Journal for Doctors Daily Rounds Raises Seed Funding Deal Participant – Investor Fund From Kae Capital, Others Mr. Zishaan Hayath is the Founder of Haygot Education Private Deal Participant – Investor Fund Ltd. He is building Toppr.com, online prep platform for Kae Capital was founded in August 2011 and is based in entrance exams in India. Mumbai, India. It is sector agnostic and is open to invest any Abhishek Goyal is CEO and co-founder at Tracxn.com. business, particularly with a focus on technology investments Mr. Sahil Barua is Co-Founder and Chief Executive Officer of including mobile, e- SSN Logistics Private Limited. He serves as the Chief Executive commerce, education, healthcare, consumer internet and so Officer of Delhivery and focuses primarily on Operations and on. Business Development. GSF India is based in India. It is a venture capital firm and an Deal Participant – Target accelerator. It seeks to invest in early stage and startup Qyk is based in Bengaluru, India. It operates an online platform companies. It targets mobile, media and ad tech sectors. that enables users to compare and hire service providers. It Mr. Teruhide Sato serves as the President of Dealmate, Inc. He enables to connect with teachers, event professionals and serves as the President of Beenos Partners and is the Founder other professionals. It is the easiest way to get matched with of Beenos Inc. quality service providers who are competent, affordable and Deal Participant – Target available to finish the job. They will introduce you to several Daily Rounds is based in Bengaluru, India. It provides a mobile interested, available, and qualified professionals within 24 application that serves as a medical journal for clinical cases. hours. Its application provides a daily updated digital journal with Deal Value clinical cases and challenges, review articles, recent updates Undisclosed and MCQs; and enables doctors to publish their clinical cases. Deal Value Rs. 3 Cr Snapshot of PE/VC Update For M a rch 2 015

Ratan Tata Invests In Alibaba Backed Paytm IDG, InMobi Founder, Others Invest In Online Home Rental Deal Participant – Investor Fund Marketplace NestAway Mr. Ratan N. Tata serves as the Chief Advisor of Air Asia India Deal Participant – Investor Fund and also the Promoter of Tata Steel Ltd. He joined the Tata IDG Ventures was founded in 1996 and is based in San Group in 1962 and served as the Chairman at Tata Industries Francisco, California. It makes mezzanine investments. It Ltd. Before stepping down as the Chairman of the Tata Group invests in information technology, internet and healthcare in 2012, Ratan Tata had already setup RNT Associates which is technology companies. his vehicle to make investments in start-ups. Mr. Naveen Tewari co-founded InMobi Technologies Private Deal Participant – Target Ltd. in 2006 and serves as its Chief Executive Officer. Paytm was founded in 2009 and is based in Noida, India. It Deal Participant – Target offers online recharges and payments. Its services include NestAway Technologies Private Ltd. operates online-rental mobile top-ups and recharges, post-paid bill payments, data home listing portal named ‘newstaway.in.’ It is a product for card recharges and bill payments, and DTH recharges. direct stakeholders like owners and tenants as well as for the Deal Value society at large by making cities safer. Undisclosed Deal Value Rs. 8 Cr

Rajesh Lifespaces Raises Funds From Motilal Oswal Real PPT Presentation Enhancer Slyds Raises Funds From Bonito Estate Designs Deal Participant – Investor Fund Deal Participant – Investor Fund Motilal Oswal and Raamdeo Agrawal, founders of Motilal Bonito Designs is based in Bengaluru, India. It provides Oswal Private Equity together found MOPE in April 2006 and is interiors and exteriors designing and executing services for based in Mumbai, India. It specializes in growth residential, official and commercial buildings. It offers its capital, buyout, mezzanine and PIPE investments in small and services like planning & design services, visualization and medium enterprises in middle market. It invest in consultancy and other services for a portfolio of infrastructure. healthcare, consumer driven businesses and real estate Deal Participant – Target Deal Participant – Target Slyds Services Private Ltd. was incorporated in 2014 by Pankaj Rajesh Lifespaces is based in India and operates as a real Singh and Deepak Kumar and is based in Bengaluru, India. It estate developer. It establishes the diversity to craft affordable plans, writes and designs PowerPoint presentations for other housing and luxury apartments spread over 8 million sq. ft. in companies. It develops and prepares new presentations by the western and the central suburbs of Mumbai. This has creating a story and developing it from scratch, revises or enabled them to establish their supremacy amongst the real restyles existing presentations and teaches corporate teams estate developers in Mumbai. how to use creative design techniques to transform their Deal Value presentations. Rs. 113 Cr Deal Value Rs. 50 Lakh Snapshot of PE/VC Update For M a rch 2 015

Kedaara Capital Backs Parksons Packaging Venture debt firm Trifecta brings RBL Bank as anchor Deal Participant – Investor Fund investor, ups fund size to $64M Kedaara Capital was founded in October 2011 and is based in Deal Participant – Investor Fund Ebene, Mauritius. It seeks to invest in consumer, financial and RBL Bank was founded in 1943 and is based in Kolhapur, India. business services, consumer durables and It operates as a scheduled commercial bank in India. It apparel, industrials, technology, pharmaceuticals, healthcare, operates through four segments: Corporate, Wholesale agriculture, agricultural services, fertilizers and agricultural Banking, Retail Banking, Treasury and Other Banking chemicals, agricultural machinery and equipment and Operations. resources sectors. Deal Participant – Target Deal Participant – Target Trifecta Capital is based in Gurgaon, India. It seeks to invest in Parksons Packaging was founded in 1996 and is based in internet, technology and consumer businesses. It outsources Mumbai, India. It is engaged in the services for private and public sector clients with offices in design, production, manufacture, and supply of folding cartons South Africa, Kenya and Europe. Services include Revenue for various industries. It also develops customized and Management, Asset Return, Stakeholder Administration and specialty packs for the festive season and for gifting; and retail Communication and Share Registrar Services. ready packs. Deal Value Deal Value Rs. 50 Cr. Rs. 200 Cr.

Graphic India raises $2.8M led by CA Media and Start Media IDG Leads Pre Series A Round In Online Travel Community Deal Participant – Investor Fund Startup Tripoto CA Media LP was founded in November 2010 and is based in Deal Participant – Investor Fund India. It is the arm the Chernin Group, LLC. It invests in new IDG Ventures was founded in 1996 and is based in San media, entertainment and technology sectors. Francisco, California. IDG Ventures India is a leading India- Start Media is a privately held media company with interests in focused technology venture capital fund. It makes mezzanine exhibition, feature film production and financing, content investments. The fund is part of IDG Ventures, a global discovery technology and publishing. network of technology venture funds with more than US$4 Deal Participant – Target billion under management, over 200 investee companies and Graphic India was incorporated in 2013 and founded by media 10 offices across Asia and North America. It invests in entrepreneurs Sharad Devarajan, Gotham Chopra and Suresh information technology, internet and healthcare technology Seetharaman. Graphic India is owned by U.S. comic book companies. Company, Liquid Comics and CA Media LP, the Asian Deal Participant – Target investment arm of The Chernin Group, LLC (TCG).It is India’s Tripoto was incorporated in 2013 and is based in New premiere character entertainment company which focus on Delhi, India. It owns and operates a platform for the creating enduring stories and heroes that foster the community of travellers around the world. It enables users to imaginations and fuel the inspirations of a new globalized discover travel itineraries of friends, global travellers, and generation of youth both in India around the world. celebrities. Deal Value Deal Value Rs. 17.5 crore Rs. 12.5 Cr Snapshot of PE/VC Update For M a rch 2 015

Job Referrals Portal Round One Secures Pre Series A Funding Cloud Based Data Sharing Startup CollateBox Secures Angel Deal Participant – Investor Fund Funding Shine.com is India's most innovative and fastest growing Deal Participant – Investor Fund recruitment portal. It is a career portal that brings job Tenninovate, The Entrepreneurial Network (TEN) is a group of openings, latest news from industry, company profiles, resume like-minded technology and business oriented services, along with advice on various aspects of job and professionals, with a common heritage of having worked career. It was launched in 2008, and within a short span of 5 together in the early years of Oracle India. Now they are years, Shine.com has crossed the 1.3 crore candidate pooling together their vast range of skills and expertise to landmark and has more than 2 lakh jobs on site. It is a part of build a collaborative start up ecosystem. (change the HT Media Limited. HT Media is in the media industry, with its language) footprint across print, digital and radio. M V Subramanian is a member of Indian Angel Network (IAN). Deal Participant – Target He is the co-Founder of Future Focus Infotech Private Ltd. and Round One Network Private Ltd. was launched in 2011. It is an currently the Managing Director of the organization. internet platform that connects jobseekers with company And other angels investors whose names are undisclosed employees so they can interact and earn job referrals. Set up Deal Participant – Target in April 2011 by Nishant Mathur, an MBA and a Computer CollateBox is a cloudbased data sharing application. It was Science graduate from John Hopkins University in the founded in 2012 by Ralph Vaz and Ravindra Krishnappa. US, Round One claims it has around 6,00,000 registered users CollateBox helps employees of enterprises collect, share and and does close to 1,000 referrals a month. act on data. It senses the data format and creates relevant Deal Value data structure with proper data validation. Rs. 6 Cr Deal Value $180K

Used-car sales venture Mahindra First Choice raises $15M Taiwan Based Angel Invests In Enterprise Tech Company Lets from Valiant Capital Corp Deal Participant – Investor Fund Deal Participant – Investor Fund Valiant Capital Management is a $2.7 billion global long/short Wu Chay Chin is Taiwan based angel investor. He is the equity hedge fund founded by Christopher R. Hansen in Managing Director of Merahdelima Group. March2008 and is based in San Francisco, California. It is a Deal Participant – Target venture capital firm. Lets Corp was incorporated in 2010 by Shravan Charya and is Deal Participant – Target head-quartered in Singapore. It is an enterprise technology Mahindra First Choice Wheels Ltd was found in 1945 as a steel company and focuses on intellectual property-led research trading company, they entered automotive manufacturing in and development. It has two products LetsCareerUp & 1947 to bring the iconic Willys Jeep onto Indian roads. It LetsPlace. LetsCarrerUp is a career management system that operates as a subsidiary of Mahindra & Mahindra Ltd. It brings students, academic and employer’s together building a operates as a used car retailer. It offers cars through its outlets community and the other product LetsPlace offers SaaS based and a superstore. Recruitment Process Automation through its research and Deal Value patented business-aligned technology. Rs. 94 Cr. Deal Value Rs. 18.8 Cr Snapshot of PE/VC Update For M a rch 2 015

Goldman Sachs Hikes Stake In Hathway Cable Edu-Tech Startup Harness Handitouch Raises Series A Deal Participant – Investor Fund Funding; Ah Ventures Exits The Goldman Sachs Group, Inc. is global investment Deal Participant – Investor Fund banking, securities and investment management firm that Armat Group is an investment company focusing on private provides a wide range of financial services to a substantial and equity, real estate and asset backed finance. It is designing diversified client base that includes corporations, financial innovative investment solutions with a difference that comes institutions, governments and high-net-worth individuals. from its entrepreneurial background and its very international Founded in 1869, the firm is headquartered in New York and vision. maintains offices in all major financial centres around the Deal Participant – Target world. Harness Handitouch was founded in 2011 and is based in Deal Participant – Target Chennai, India. It operates as an educational technology Hathway Cable & Datacom Ltd (Formerly known as BITV Cable company in India. It provides Touch-on-Cloud, a learning Networks) was acquired by Hathway Investments Pvt Ltd in operating system that extends from hardware to software 1999 under the leadership of Ms. Pheroza Billimoria and Mr. layer. Roopesh Rao. It offers four broad spheres of information and Deal Value entertainment. It offers Cable TV, Digital Cable TV, Broadband Undisclosed Internet, and Content. Deal Value Rs. 21.4 Cr

Online payment startup Razorpay raises $120K from Sequoia Capital Backs Groupon's Indian Unit Y Combinator Deal Participant – Investor Fund Deal Participant – Investor Fund Sequoia Capital was founded by Don Valentine in 1972 and is Y Combinator was found in 2005 and is based in Mountain based in Menlo Park, California. It is a venture capital firm View, California. It primarily invests in technology companies specializing in incubation, seed stage, start-up stage, early with a focus on web and mobile applications. Some companies stage and growth stage investments in private companies. It may need only seed funding while others will go through also invests in public companies. The firm seeks to invest in all several rounds. At Y Combinator, the goal is to get you through sectors. It also invests in optical components; the first phase. This usually means to get you to the point computer, subsystems and communication systems and where you’ve built something impressive enough to raise consumer services. money on a larger scale, then they can introduce you to later Deal Participant – Target stage investors—or occasionally even acquirers. Groupon was launched in 2011. It features daily deal on the Deal Participant – Target best things to do, see, eat and buy across India. Razorpay Software Pvt Ltd. is a Private Company incorporated Deal Value on 24 May 2013 by IIT Roorkee alumni Shashank Kumar and $20Mn Harshil Mathur and is based in Jaipur. It is an online payment gateway firm for small businesses, start-ups and other traditional SME organisations like schools, colleges and training centres. Deal Value Rs. 74.7 lakh Snapshot of PE/VC Update For M a rch 2 015

Employee Transportation Solutions Startup Cubito Raises Premji Invest Leads Series C in Mobile OS Developer Funds From Sol Primero Cyanogen Inc Deal Participant – Investor Fund Deal Participant – Investor Fund Sol Primero was founded in 2014. It is an early stage Azim Premji is the Founder of Premji Investment and also investment firm dedicated to partnering with ambitious serves as the Chairman of the Board of Wipro Infrastructure entrepreneurs addressing large opportunities that require Engineering Ltd. and has been working quietly since 2006. This innovation. They are long-term partners with the resources to investment firm has built up positions and funded around 40 support the companies through various stages of their publicly listed and private companies out of a corpus of $1 journey. As entrepreneurs they want each one of their billion (Rs4,290 crore). Its operations are shrouded in secrecy companies to succeed and are willing to leverage their skills and the firm has consciously avoided building a public profile. and networks to act as a multiplier on to the efforts of their Deal Participant – Target founding teams. Cyanogen Inc was founded in 2009 by Kirt McMaster & Steve Deal Participant – Target Kondik and is based in Seattle, Washington. It provides a Cubito was founded in 2012 and is based in Bengaluru, India. It customized, aftermarket firmware distribution for Android provides an online technology platform that brings together devices. It offers an open-source Android-based operating people traveling on the same route in India. It offers shared system called Cyanogen Mod. cab services for employees. Deal Value Deal Value $80 M Rs. 1 Cr

Ratan Tata, Others Invest In Grameen Capital's Upcoming mPOS Startup Mosambee Secures Funding from Rajasthan NBFC Venture Capital, SIDBI Deal Participant – Investor Fund Deal Participant – Investor Fund Ratan Tata joined the Tata Group in 1962 and served as the Rajasthan Venture Capital firm invest in start - up and mid Chairman at Tata Industries Ltd. He serves as the Chief Advisor stage companies, operating in high growth sectors with a of Air Asia India and is the Promoter of Tata Steel Ltd. sustainable revenue model. Shrinivas Dempo has been the Chairman of V. S. Dempo & SIDBI Venture Capital Ltd was established in July 1999 and is Company Pvt. Ltd. since October, 2010. He serves as the based in Mumbai, India. It is the investment arm of Small President of Dempo Sports Club Private Limited. He serves as Industries Development Bank of India specializing direct and the Non-Executive Chairman of Hindustan Foods Limited. fund of funds investments. It seeks to makes fund of funds Vikram Gandhi is the Founder of VSG Capital Advisors and also investments in venture capital funds. It also provides serves as its Chief Executive Officer. He is an Advisor at GAWA incubation services. Capital Partners SL. He has been a Senior Advisor at Greenhill Deal Participant – Target & Co., Inc., since March 2012. Mosambee was founded in 2008. It is a comprehensive EMV & Deal Participant – Target AADHAAR compliant tablet which provides end to end Grameen Capital was established in 2007 as a joint venture payment solutions for Bank, Cash, Cheque, Debit and Credit between Grameen Foundation, Citicorp Finance and IFMR Card transactions. It is their flagship product which enables Trust. Green capital is part of the global Grameen family of vendors to accept credit and debit cards. Then by using a companies. Their clients are microfinance simple EMV(Europay, MasterCard& Visa) device it connects to institutions, affordable healthcare providers, low-cost a Mobile Phone using Bluetooth Technology. Then you either education firms and other dynamic and sustainable swipe or insert your card and enter the card pin no and your organizations with a social development focus-from early- card is authorized & the payment is done. stage enterprises to established industry leaders. Deal Value Deal Value Undisclosed Undisclosed Snapshot of PE/VC Update For M a rch 2 015

Accion Venture Lab, Rianta Capital Invest In Financial CRM FX Dealers Marketplace Fxkart Secures Funding Startup Artoo IT Deal Participant – Investor Fund Deal Participant – Investor Fund Mushtaq Shah is the co-founding partner of Quantmetrics Accion Venture Labs invest in companies developing Capital Management. innovative technologies, mobile phone-based financial Faraz Naqvi is a Partner at QM Ventures, a private investment services, credit underwriting and delivery, internet and social group focusing on investments in healthcare, technology and media. infrastructure and is also the founder of Avicenna Capital Rianta Capital provides investment advice and management Management, a hedge fund focused on healthcare and water support to the trusts and investment companies. technologies. Deal Participant – Target Deal Participant – Target Artoo IT Solutions Private Ltd. was started in 2010 by Sameer Fxkart.com was founded in 2014. They provide the best Segal and is based in Bengaluru, India. It develops software exchange rates available in city with local currency broker or solutions that cater to the information management needs of with loyal bank, all of it online. Foreign Currency exchange social enterprises. Artoo improves visibility into sales efforts rates from various forex dealers in your city are presented and also enabling companies to tailor marketing efforts, track together in a list format. Then you are given a choice to sales pipelines and monitor sales teams thereby reducing the choose your preferred dealer not only on the basis of ‘best cost of customer acquisition. rate’ and option of delivery provided by the dealer. Deal Value Deal Value $500 $2M

Online Services Marketplace LocalOye Secures Angel Lightbox Backs Subscription Based Furniture Rental Startup Investment Furlenco Deal Participant – Investor Fund Deal Participant – Investor Fund Haresh Chawla is a Managing Partner at India Value Fund Lightbox Ventures was founded in 2014. It specializes in early- Advisors Private Ltd. and is also a part of the business stage startups in healthcare, consumer technology space and management team. He also served as the Chief Executive e-commerce. They have been operating as Sherpalo for the Officer of TV18. last nine years, and their investments Sachin Bhatia, Co-founded MakeMyTrip (India) Pvt. Ltd. in include InMobi, Cleartrip, Naukri.com and GreenDust. 2000 and serves as its Advisor and served as its Chief Strategy Deal Participant – Target Officer. Furlenco was founded by Ajith Karimpana in Bangalore in Siddarth Rao is the co-founder and CEO of Webchutney. He co- 2011. It offers a range of curated home furniture founded the agency in 1999 as a creative shop which now experiences, designed to suit the lifestyle needs of varied offers a range of internet marketing solutions to a large audiences spanning students to families and expatriates. It portfolio of globally recognized brands and companies. caters to the furniture needs of a variety of people, ranging Deal Participant – Target from expats to students. LocalOye.com was found in 2013. It is an online portal that Deal Value makes getting experts for Home, Wellness, Beauty and Events. Rs. 38 Cr .Every expert on their platform has been personally verified and background checked by them.. Deal Value Undisclosed Snapshot of PE/VC Update For M a rch 2 015

JAFCO Asia Leads Series A Investment in Tea E-Tailer TeaBox Sequoia Leads Investment in Hardware Startup Teewe Deal Participant – Investor Fund Deal Participant – Investor Fund JAFCO Asia has been helping entrepreneurs building Sequoia was found by Don Valentine in 1972 in Menlo businesses since 1990 in the Asia Pacific region. The parent Park, California. It is a venture capital firm specializing in company of JAFCO Asia is JAFCO Co., Ltd. ("JAFCO"), Japan's incubation, seed stage, start-up stage, early stage, and growth leading and largest private equity firm. It is the venture capital stage investments in private companies. It also invests in partner for both technology related companies and investors. public companies. As a global venture capital organization, they tap their Deal Participant – Target expertise from their three JAFCO centres which are Asia, Japan Teewe is an HDMI Dongle developed by Indian Consumer and the United States which are holistically aligned to help Electronics Corporation Mango Man which is plugged their partners achieve the success they desire. into television and streaming media can be played from Deal Participant – Target multiple sources like Internet Videos, local content TeaBox started in the year 2012 by Kaushal Dugar from the on phone or laptop onto the big screen television in HD estates of Darjeeling. It sources tea from the gardens in quality. It uses a smartphone as a remote control and a Darjeeling, Assam, Nepal and the Nilgiris, processes the same content display medium in a usable graphic interface. to be offered globally through its site. It claims to have shipped Deal Value over 20 million cups of teas to over 75 countries. Rs. 11 Crore Deal Value Rs. 40 Cr

Budget Hotel Chain Oyo Rooms Raises Funds from Greenoaks Cloud startup Aryaka raises $16M from existing investors led Capital, Existing Investors by Nexus Deal Participant – Investor Fund Deal Participant – Investor Fund Greenoaks Capital was founded in 2009. It is a privately held Nexus Venture Partners is India’s leading venture capital global investment firm. It makes long-term principal fund, with offices in India and Silicon Valley. It has over $600m investments in businesses across a wide range of industries under management and an active portfolio of over 50 and geographies. They are an excellent support for founders companies across to build compounding franchises technology, internet, media, consumer, business services Lightspeed Venture Partners has invested in direct and cross- sectors. border Indian companies since 2004. They have invested Deal Participant – Target across several stages and sectors in India, with investment Aryaka was found in 2009 to make WAN and Internet sizes ranging from $1 to $25 million. They invest in technology- connectivity better for the distributed enterprise. For many led businesses as well as in non-technology opportunities in businesses, slow Internet connectivity hinders productivity. sectors such as advertising and media, business Aryaka’s ground-breaking WAN Optimization as a Service services, financial services, healthcare, education and retail. solution combines the multi-tenant, purpose-built WAN Sequoia was found by Don Valentine in 1972 in Menlo Optimization technology with enterprise-grade connectivity Park, California. It is a venture capital firm specializing in via a dedicated, reliable, global core network based on globally incubation, seed stage, start-up stage, early stage, and growth distributed POPs and innovative first mile access and stage investments in private companies. It also invests in centralized WAN and application layer visibility. public companies. Deal Value Deal Participant – Target $16M Oravel Stays Private Ltd. was founded in 2011 and is based in Gurgaon, India. It owns and operates a budget hotel chain called OYO Rooms. OYO has grown from a single 11-room hotel (OYO Rooms Huda City Centre) in Gurgaon in May 2013 to 2000+ rooms across 200+ hotels. OYO Rooms aims to become the largest hotel network in the world. Deal Value Rs. 125 Cr Snapshot of PE/VC Update For M a rch 2 015

Ennovent, Upaya Social Ventures Back Placement Support CanBank VC Picks Up Stake In Shera Energy Startup Anant Learning Deal Participant – Investor Fund Deal Participant – Investor Fund Canbank Venture is a premier domestic Venture Capital Fund The Ennovent Circle is a global, trusted and exclusive group of that has invested in several companies in the last 20 years. individuals and organizations working together to accelerate Canbank Venture believes in adopting a General Fund innovations for sustainability in low-income markets. It is a philosophy and has developed a good portfolio of investments global innovation company working with a range of clients in several promising sectors. The fund's corpus is contributed which includes by Public Sector Banks and Financial Institutions and Insurance entrepreneurs, mentors, investors, foundations, development Companies. agencies, CSR departments, NGOs and companies since Deal Participant – Target 2008.They work under Shera Energy Private Ltd. found in 2003, manufactures and energy, Food, Water, Health, Education, and other Allied exports all grades of Copper and Aluminium Rods, flats and Sectors. wires, with enamelling, paper covering and fibre glass taping. Deal Participant – Target They manufacture wire/rod, tube and sections of Anant Learning and Development Pvt. Ltd. is a venture of copper, aluminium and brasses. Their products have an industry experts with the domain expertise in community impeccable performance record in many industries having development and the phenomenon of inclusive growth. The diverse application in Transformers, Motor, Panel building and primary goal behind forming this organisation is to ensure switchgear industries. inclusive growth of communities’ right down to the grass roots Deal Value by blending innovative ideas with technological interventions. Rs. 10 Cr Deal Value Undisclosed

Piramal Fund Invests In BKC Slum Redevelopment Project Power bank provider Chargein raises $100K from Pittie Deal Participant – Investor Fund Group’s family office Piramal Fund Management Pvt. Ltd. (Formerly IndiaReit Fund Deal Participant – Investor Fund Advisors Pvt. Ltd.) is a private equity fund with approximately Founded in 1991, by Mr. Krishna Kumar Pittie, the Pittie Group $1.45 billion assets under management. It provides debt and is a growing Indian Group of companies, headquartered in equity capital to companies operating in India. The firm seeks Mumbai. It is known for the success in the to invest in real estate sector. It was founded in 1995 and is establishment, building and nurturing of diverse brands. The based in Mumbai, Maharashtra. company has also become synonymous with the creation of Deal Participant – Target niche markets for itself in sectors ranging across the industries The project, known as BKC One, is a joint development of Real Estate, FMCG Distribution, Media (Broadcasting) & between Kolkata-based Forum Group and Mumbai’s Omkar Entertainment, Quick Service Restaurants (QSR) and E- Realtors & Developers Pvt. Ltd. Piramal has put in capital for commerce. project expenses and land acquisition for the first phase called Deal Participant – Target Serendipity. And the next phase includes acquisition of Chargein, is a Mumbai based start-up company, manufacturers development rights for adjoining slums. While the Forum will power banks in the shape of high-end toy cars. With a capacity construct and will be in charge of sales and marketing, Omkar of 5200 mAh, the charger shows off a flashlight Realtors is taking care of the slum clearance and rehabilitation that, interestingly, happens to be the headlights of car-shaped part. power bank. Charged for Rs. 1600, the company has sold Deal Value about 500 units till now. Rs. 125 Cr Deal Value Rs. 62 lakh Snapshot of PE/VC Update For M a rch 2 015

Peesh Venture Capital raises $50M fund; launches startup Mobile Video Startup Yogurt Labs Secures Funding accelerator in India Deal Participant – Investor Fund Deal Participant –Investor Fund Yogurt Labs, a mobile video production firm, has raised Rs. 72 The fund was launched last year by Peesh Chopra (managing lakh ($115,190) in convertible notes from a clutch of partner), a theology graduate from Columbia University. PVC investors, including Silicon Valley-based angel investor Nick generally is the first institutional investors in new ventures and Adams and Kiran Bhat. supports them from the earliest stages of business Deal Participant – Target development through successful exit and beyond. Yogurt Labs is a startup founded by Shardul Mohite, Paramvir Deal Participant – Target Singh, Vivek Parihar and Nishant Shrivastava who have It will mainly work with startups in the ad-tech, e- developed a DIY platform for creating videos. It is building a commerce, gaming, education, mobile apps, enterprise mobile platform that anyone can use to easily create, very software, wearables and Internet of Things (IoT) space. Its high quality, storytelling style videos from a smartphone. The existing portfolio companies include Serosoft platform provides original, authentic short video content Solution, Campus Bubble, GI Group, Easy Education and which informs, engages & entertains the audience and is BlackBelt Help. accessible across all mobile platforms. Deal Value Deal Value Rs. 301 Cr Rs 72 lac

Piramal backs Omkar's luxury project 1973 Worli with $190M Aspada Invests In Horticulture Company InI Farms debt funding Deal Participant – Investor Fund Deal Participant – Investor Fund Aspada is an entrepreneur centric venture capital firm. They Piramal Fund Management Pvt. Ltd. (formerly IndiaReit Fund provide early stage risk capital to driven teams building Advisors Pvt. Ltd.) is a private equity fund with approximately innovative businesses in India that help in the economic $1.45 billion assets under management. It provides debt and advancement of underserved populations through access to equity capital to companies operating in India. The firm seeks markets, essential services and capital. to invest in real estate sector. It was founded in 1995 and is Deal Participant – Target based in Mumbai, Maharashtra. InI Farms found in 2009, is a horticulture company focused on Deal Participant – Target Pomegranates and Bananas. InI Farms controls and directs the Since its foundation in 2003, Omkar Realtors & Developers has operations in chosen products from farming to consumption. created opulent spaces that have epitomized the pinnacle of This includes doing large scale farm-level luxury. It is backed by a strong legacy that spans over five operations, managing and controlling the process right decades; Omkar is managed by second generation through-out the supply chain and supplying the fruit across the entrepreneurs who have carved a niche for themselves in the world to large importers and retailers. world of real estate. The board is a combination of a seasoned Deal Value team of professionals with expertise in real Rs. 20 Cr estate, infrastructure, steel manufacturing, oil exploration, shipping and construction. Deal Value Rs. 1200 Cr Snapshot of PE/VC Update For M a rch 2 015

Tiger Global Lead Investment In Online Shopping Portal AppsDaily raises $16M in Series C funding led by Zodius; LimeRoad Mumbai Angels part-exit Deal Participant – Investor Fund Deal Participant – Investor Fund Tiger Global Management, LLC is an employee owned hedge AppsDaily started their journey in 2009, knowing fully- fund sponsor. It provides its services to pooled investment well, that the Smartphone was the vehicle and mobile vehicles. The firm launches and manages hedge funds for its applications were the solution to simplify and speed-up life. clients. It invests in the public equity markets across the globe. They pivoted their vision on the growth of smartphones which The firm employs long/short strategy to make its investments. is projected to reach over 500 million customers in India by It uses fundamental analysis to create its portfolio. The firm 2018. employs a combination of in-house and external research to Deal Participant – Target make its investments. It also manages private equity funds. Zodius invests in and actively develops high growth and Deal Participant - Target market-defining India-centric businesses targeting the LimeRoad operates an online social platform for women to Enterprise Software & Services, Big Data & Analytics and discover, share and shop the best of lifestyle products. It Consumer Mobile/Internet markets. The strong advisory team allows one to shop-by-city, shop-by-brand, or shop-by-flagship based in Mumbai adds significant domain store, where one can browse and connect with shops, brands expertise, operational experience and global networks to the and retailers of your choice. portfolio companies in order to develop them as highly valued Deal Value market leaders in both Indian and global markets. $ 30 Mn Deal Value Rs. 100 Cr

Tano Capital To Back Micro Lender Arohan Financial Trip planner TripHobo raises $3M in Series B from Mayfield & Deal Participant – Investment Fund Kalaari Capital Tano Capital is an alternative asset management firm founded in Deal Participant – Investor Fund 2004 by Chuck Johnson. The firm invests in the alternative Since 1969, Mayfield pursues a global strategy with a focus on investments markets across the globe with a focus on India and US, India and China. They focus on technology and non- China. For private equity and venture capital investments, the technology investments in India based companies. Kalaari is a firm focuses on early venture, buyout, PIPES, and growth capital $160 million venture capital fund with a strong advisory team investments in middle market companies. in Bangalore investing in early- stage, technology-oriented Deal Participant - Target companies in India. They seek companies that are capturing Arohan Financial Services (P) Ltd. started its operation in 2006 new markets, providing innovative solutions and creating new with initial support from Bellwether and then from India wealth for India and beyond. Financial Inclusion Fund and Michael & Susan Dell Foundation. Deal Participant – Target IntelleCash, an incubation/capacity building company invested Triphobo is a visual algorithmic trip planner which allows users to take a controlling stake in Arohan along with Aavishkaar to choose where they want to travel, suggests Goodwell, a microfinance focused fund. It is now an integral part attractions, helps plan each trip day in detail and make of the Intellecap Group which has over 10 years of business bookings of the same through the platform. At the backend, it consulting, investment banking and research & events runs an algorithm to optimize the trip taking into account experience in development sector in India. travel distances, open/ close timings, preferred mode of Deal Value transportation, etc. Rs. 60 Cr Deal Value $3M Snapshot of PE/VC Update For M a rch 2 015

Fashion-focused social network Roposo led by Tiger Global YourNest Angels Invests In GolfLan Technologies Deal Participant – Investor Fund Deal Participant – Investor Fund Tiger Global Management, LLC is an employee owned hedge YourNest Angel Fund was founded in 2011. It invests across fund sponsor. It provides its services to pooled investment sectors with a focus on marketing services, financial vehicles. The firm launches and manages hedge funds for its services, technology solutions, telecom clients. It invests in the public equity markets across the globe. solutions, education, healthcare, hospitality, e- The firm employs long/short strategy to make its investments. commerce, software. It uses fundamental analysis to create its portfolio. The firm Deal Participant – Target employs a combination of in-house and external research to GolfLan Technology Solutions was incorporated in 2008 and is make its investments. It also manages private equity funds. based in New Delhi, India. It is a unit of Raghav Corporate Deal Participant – Target Solutions [RCS] (P) Ltd. Founded by an avid golfer and Roposo is a social network and discovery platform for fashion entrepreneur, Dhruv Verma. It operates a subscription based products based in Gurgaon. It was launched at the end of 2013 service for golfers to book tee times through its online portal. by Mayank Bhangadia. It creates technology based solutions for golfers, aspiring Deal Value golfers, golf courses, banks, corporates etc. $ 5M Deal Value Undisclosed

Fairbridge Capital raises stake in Thomas Cook to 74.77% FoodPanda Raises Fresh Funds From Rocket Internet, Others Deal Participant – Acquirer Deal Participant – Investor Fund Fairbridge Capital Private Limited led by Harsha Raghavan. It is Rocket Internet AG was founded in 2007 and is based in based in Mumbai, India. It is the private equity arm of Fairfax Berlin, Germany. It invests in companies that operate in the Financial Holdings Limited specializing in acquisitions, buyouts technology sector with a focus on e- and growth capital investments. They focus on long-term commerce, internet, marketplaces, financial technology and capital appreciation through a flexible and value-oriented mobile applications sectors. approach, underpinned by our guiding principles, including Deal Participant – Target integrity, transparency and responsiveness in all our dealings. FoodPanda was founded in 2012 and is headquartered in Deal Participant – Target Berlin, Germany. It operates an online food ordering platform. Thomas Cook (India) Ltd was founded in 1881 and is Its platform enables to order food online from various headquartered in Mumbai, India. It provides foreign exchange restaurants. services and travel related services in India and internationally. Deal Value It also offers travel related services comprising Rs. 688 Cr outbound, inbound, corporate and domestic travel services; and meetings, incentives, conferences and events. Deal Value Undisclosed

Aditya Birla Real Estate Fund Invests In Ozone Group Enterprise video interview solutions startup ePoise raises VC Deal Participant – Investor Fund funding Aditya Birla Real Estate Fund specializes in real estate Deal Participant – Investor Fund investments. Name of the investor is undisclosed Deal Participant – Target Deal Participant – Target Ozone Real Estate Group was founded in 2008 and is based in Bangalore-based startup ePoise Systems was founded in 2012 Abu Dhabi, United Arab Emirates. It provides real estate by Sachin Agarwal and Bishan Singh, which automates development, investments, and sales and marketing interviews and enables talent analytics. management services. It also provides real-estate holdings & Deal Value diversification services for real-estate assets in Undisclosed residential, commercial and industrial sectors. Deal Value Rs. 150 Cr Snapshot of PE/VC Update For M a rch 2 015

Digital Comics Developer Graphic India Secures Seed Funding Location Sharing App wWhere Raises Seed Funding Deal Participant – Acquirer Deal Participant – Investor Fund CA Media LP was founded in November 2010 and is based in Ashim Mehra is Vice president and Research analyst at Baron India with an additional office in Hong Kong. is a private equity Capital. and venture capital arm of The Chernin Group, LLC specializing Mr. Anunay Gupta is a Co-Founder of Ashley Marketelligent in incubation and launch and formative stages. Private Ltd. and serves as its Chief Operating Officer. Start Media, LLC operates as a media company and offers Deal Participant – Target services such as exhibition, feature film production and The location sharing app, run by Apps wWhere Software financing, content discovery technology and publishing. The Private Ltd., is founded by Ritam Bhatnagar, film producer who company is based in New York. also founded film making event, India Film Project. wWhere is Deal Participant – Target a location sharing app which allows users to share real-time Graphic India is a character entertainment company focused and saved locations to anyone in the phonebook. It also on creating leading characters, comics and stories through estimates time to reach for any location and also serves as a mobile and digital platforms. Found by media entrepreneurs chatting portal. Sharad Devarajan, Gotham Chopra and Suresh Deal Value Seetharaman, Graphic India is owned by U.S. comic book Rs. 1.2 Cr Company, Liquid Comics and CA Media LP, the Asian investment arm of The Chernin Group, LLC (TCG). Deal Value: $2.8 Mn. Synergy Benefits The company will use funds in developing digital products and apps to build direct engagement with the growing community of passionate comic book and animation fans in the country. Summary of PE/VC Update

PE/VC Deals by Sector 1% 3% Food & Beverages 6% Healthcare 11% IT/TES 3% Manufacturing 27% 4% NBFC 3% Other Automobile 0% E-Commerce 8% Healthcare 34% Real Estate Media & Entertainment

PE/VC Deals by Size Rs (Crore)

2% 13% 28% N.A. below 100 21% 100 - 300 300 - 500 above 500 36% Real Estate Update Real Estate Deals For March 2015

Motilal Oswal PE invests $18M(113 Crore) in Rajesh Lifespaces' Avenue Venture Partners exits Assetz's project Marq with Powai project 33% IRR Deal Participant – Investor Deal Participant – Investor Exit Motilal Oswal and Raamdeo Agrawal founders of Motilal Oswal Avenue Venture Partners is a seed-stage and early-stage Private Equity, found MOPE in April 2006 and is based in venture capital private equity group. Avenue Venture Partners Mumbai, India. It specializes in growth capital, buyout, Investment Adviser LLP (AVP) is a Real Estate Private Equity mezzanine and PIPE investments in small and medium Firm in India, and Real Estate investing is our only business. enterprises in middle market. It prefers to invest in AVP, owned and managed by professionals, has fully aligned healthcare, consumer driven businesses and real estate. MOPE interests among portfolio companies, limited partners and seeks to provide growth capital which can catalyze growth general partners. following timely equity infusion at a valuation that represents a Deal Participant – Target reasonable ‘margin of safety’. Assetz Property was incorporated in 2006 and is based in Deal Participant – Target Bengaluru, India. Provides property development services in Rajesh Lifespaces operates as a real Estate developer and is India. The company engages in developing and delivering real based in India. It establishes our diversity to craft affordable estate projects from land identification and inception housing and luxury apartments spread over 8 million sq. ft. in design, construction, financing, marketing, final the western and the central suburbs of Mumbai. This has occupation, and asset management. enabled us to establish our supremacy amongst the real estate Deal Value developers in Mumbai. Undisclosed Deal Value Rs. 113 Cr.

ASK Group exits two residential projects in Pune for $23M ASF eyes over $200M in funding, to give exit to JP Morgan (147 Cr), scores 2x from Gurgaon IT SEZ Deal Participant – Exit Deal Participant – Investor Exit Ask Group is based in Santa Clara, California. Since mid JPMorgan Chase & Co. is an American multinational banking 2007, ASK Group has been engaged in providing and financial services holding company. It is the largest bank in comprehensive financial planning and wealth advisory the United States. It is a major provider of financial services business to individuals and trusts. It develops and markets and according to Forbes magazine is the world's third largest computer-based relational database management public company based on a composite ranking. The company systems, data access and connectivity products and was formed in 2000, when Chase Manhattan Corporation manufacturing and financial applications software. ASK group merged with J.P. Morgan & Co. is currently raising $200 million offshore fund to invest in Deal Participant – Target indian real estate projects ASF group of Companies are owned and controlled by Mr. Anil Deal Participant – Target Saraf & Family. ASF GROUP is an established Serano project which is bannered under Amit enterprises was developer, headquartered at New Delhi (India), specializing in founded in1963 and is based in Pune, India with an additional delivering build-to-suit and state-of-the-art IT infrastructure office in Mumbai, India. It builds residential properties in Pune. and commercial buildings. ASF also renders full range of Sky One Holdings Limited was founded in 1999 and is Facility Management Services to its customers in its headquartered in Sheung Shui, Hong Kong. It is an investment projects/properties. ASF has already delivered over three holding company, provides logistics services. It operates in million sqft of workspaces and have established a tangible Express Land Transport, Airfreight and Coal Logistics segments. footprint in northern India by completing a number of Deal Value projects, which are all fully leased to top MNC's. Rs. 147 Cr Deal Value Rs. 20 Cr. RBSA - Range of Services

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