RBSA India Deals Snapshot – November & December 2014

Home , Helion Venture Partners, Indian Angel Network, Unitus Seed Fund

India Deals Snapshot November & December 2014 Index

Snapshot of Mergers & Acquisitions Updates 4 - 7

Mergers & Acquisitions Deals 8 - 19

Summary of Mergers & Acquisitions Updates 20

Snapshot of PE / VC Updates 22 - 25

PE / VC Deals 26 - 37

Summary of PE / VC Updates 38

Real Estate Deals 40

RBSA Range of Services 41

3 Snapshot of Mergers & Acquisitions Updates for November 2014

Acquirer Target Sector Stake Cr. SudhirVrundavandasValia Fortune Financial Services (India) Dilip Shantilal Shanghvi NBFC 26% ` 73.70 Cr Limited Chintan Vijay Valia 8K Miles Software Services Limited SERJ Solutions, Inc. Others N. A. ` 15.8 Cr

Nihon Nohyaku Co., Ltd. Hyderabad Chemicals Limited Manufacturing N. A. N. A.

Undisclosed Avantha Group Manufacturing N. A. ` 1004.4 Cr

Rane Holdings Limited Lumipol International B.V. Others 45% N. A. Om Pizzas and Eats India Private Pizza Corner India (Private) Limited Food & Beverages N. A. N. A. Limited India World Technologies Pvt Ltd Unesta Real Estate N. A. ` 12.4 Cr

W. Atlee Burpee and Co. Indus Seeds India Private Limited Others N. A. N. A. Kerala Institute of Medical Al Shifa Hospital Private Limited Healthcare N. A. N. A. Sciences Maharashtra Hybrid Seeds Quton Seed Company (Private) Others 60% N. A. Company Limited Limited Nissan International Holdings B.V. Ashok Leyland Limited Manufacturing N. A. N. A. American Tower Corporation Bharti Airtel Limited Telecom N. A. ` 65 Cr Narayana Health Westbank Hospital Healthcare N. A. ` 150 Cr News Corp PropTiger Realty Pvt Ltd Real Estate 25% ` 183 Cr

Milk Mantra Dairy Pvt. Ltd Westernland Dairy Private Limited Others N. A. ` 10 Cr

ZOHO Corporation Zentron Labs Pvt. Ltd Others N. A. N. A. Avantha Power & Infrastructure Adani Power Limited Power N. A. ` 4200 Cr Limited Astral Poly Technik Limited ResinovaChemie Ltd. Manufacturing 76% ` 212.8 Cr

Hester Biosciences Limited Gujarat Agrofarm Limited Manufacturing N. A. ` 50 Lacs Urban Ladder Home Decor Social Scientist Ecommerce Pvt Ltd Others N. A. N. A. Solutions Private Limited Kotak Mahindra Bank Limited ING Vysya Bank Limited BFSI N. A. ` 15.5 Cr The Nilgiri Dairy Farm Private Future Consumer Enterprises Ltd Others 98% ` 300 Cr Limited Tube Investments of India Limited TlTsubamex Private limited Others N. A. ` 17.5 Cr Indiabulls Distribution Services India Land And Properties Private Real Estate N. A. ` 600 Cr. Limited Limited SMEC India Private Limited Leadrail Infra Solutions Pvt Others N. A. N. A. PepsiCo India Holdings Private Varun Beverages Limited Manufacturing N. A. N. A. Limited Financial Technologies (India) Continental Africa Holdings NBFC N. A. ` 247.05 Cr Limited FoodPanda GmbH TastyKhana.in Food & Beverages N. A. N. A.

4 Snapshot of Mergers & Acquisitions Updates for November 2014

Acquirer Target Sector Stake Cr.

Sandhar Technologies Limited Arkay Industries Manufacturing N. A. N. A.

Amulya Leasing and Finance Apollo Pipes Limited Manufacturing N. A. N. A. JSW Energy Limited Jaiprakash Power Ventures Limited Power & Energy N. A. ` 9.73 Cr

SYSTRA S.A. SAI Consulting Engineers Pvt. Ltd. Others N. A. N. A.

Golden Agri-Resources Ltd Ruchi Soya Industries Limited Others 50% ` 110.85 Cr

Sula Shipping & Logistics Pvt. Ltd. Jindal ITF Limited Manufacturing 26% N. A.

The Ant Farm, LLC Meals on Wheels Food & Beverages N. A. N. A. Cognizant Technology Solutions Odecee Pty Ltd. Others N. A. N. A. India Private Limited AurobindoPharma Limited Natrol, Inc Manufacturing N. A. ` 821.5 Cr

Bookmycab.com CabonClick.com Others N. A. N. A.

Keywords Studios plc Lakshya Digital Pvt. Ltd. Others N. A. ` 24.8 Cr

Johnson & Johnson Jagdale Healthcare Private Limited Others N. A. ` 700 Cr

Times Internet Limited CricBuzz Others N. A. N. A. Container Corporation of India The AngulSukinda Railway Limited Others 26% ` 156 Cr Limited Eli Lilly Novartis India Limited Healthcare N. A. ` 86.8 Cr

GVK Biosciences Private Limited Vanta Bioscience Pharmaceuticals N. A. N. A.

Hollingsworth &Vose Company Raman FibreScience Others N. A. N. A. Dexetra Software Solutions Private Quixey, Inc Others N. A. N. A. Limited Associated Stone Industries Al Rawasi Rocks and Aggregates Mining N. A. ` 36.673 Cr (Kotah) Limited L.L.C UltraTech Cement Limited Awam Minerals LLC Mining 51% N. A.

Sami Labs Ltd KCP Biotech Limited Manufacturing N. A. ` 5 Cr Ikya Human Capital Solutions MFXchange Holdings, Inc. Others 49% N. A. Private Limited QuEST Global Services Pte. Ltd NSPL Others N. A. N. A. Temasek Holdings (Private) Intas Pharmaceuticals Ltd Pharmaceuticals N. A. ` 840 Cr Limited JSW Infrastructure and Logistics Eton Park Capital Management, L.P NBFC N. A. ` 37.2 Cr Ltd Undisclosed Bain Capital, LLC NBFC N. A. ` 2480 Cr

Bharti Softbank Holdings Pte. Ltd ScoopWhoop Media Pvt. Ltd. Others 37% N. A.

QuEST Global Services Pte. Ltd NSPL Others N. A. N. A.

5 Snapshot of Mergers & Acquisitions Updates for December 2014

Acquirer Target Sector Stake Cr.

Sumitomo Mitsui Trust Bank Reliance Capital Limited NBFC 2.77% ` 365.4 Cr

ObjectWayS.p.A. 3i Infotech IT/ITES N.A. N.A.

GIC Pte. Ltd. Nirlon Limited Others 39.2% ` 784 Cr

Bayer Pharma AG Fulford(India) Limited Pharmaceutical N.A. N.A.

UltraTech Cement Limited Jaiprakash Associates Limited Cement N.A. ` 5400 Cr

Manappuram Finance Limited Asirvad Micro Finance Private Ltd. NBFC N.A. ` 134.8 Cr

News Corporation FinDirect Services Pvt Ltd IT/ITES N.A. N.A.

Telstra Health IdeaObject Software Pvt. Ltd IT/ITES N.A. N.A. Unify Enterprise Communications Progility Plc IT/ITES N.A. ` 7.2 Cr Private Limited Utico FZC IVRCL Limited Others 75% ` 150 Cr

Concept Communication Limited Liqvd Asia IT/ITES N.A. N.A.

Zomato Media Pvt. Ltd. Cibando Others N.A. N.A.

JP Morgan Asset Management Inc. Aviva Asia Pacific NBFC N.A. N.A. Olam International Limited ADM co. Others N.A. ` 8190 Cr Donesi.com FoodPanda GmbH Pauza.hr Others N.A. N.A. NetPincer.hu Kunststoff -Technik Scherer & Trier Motherson Sumi Systems Limited Manufacturing ` 283 Cr GmbH & Co KG India Value Fund Advisors Private Jagran Prakashan Limited NBFC N.A. N.A. Ltd Carnival Films Private Limited Reliance - ADA Group Media & Entertainment N.A. N.A.

ValuePro International Pvt., Ltd Gardenia Ornamental Others N.A. N.A.

Majesco, Inc. Agile Technologies IT/ITES N.A. N.A. Highway Concession One Private HCC Concessions Limited Real Estate 74% ` 64.89 Cr Limited IHS Nigeria plc Bharti Airtel Telecom N.A. N.A.

Tata Power Company Limited Ideal Energy Projects Pvt. Ltd Power & Energy N.A. N.A.

Jasper Infotech Private Limited Wizmunk Gifting Services Pvt Ltd. Others N.A. N.A. AnyCommerce Chennai Private Life Online Others N.A. N.A. Ltd. GMR Hyderabad International Malaysian Aerospace Engineering Aviation 44.61% N.A. Airport Ltd. SDN BHD Pricol Limited Undisclosed …. 99.99% N.A.

V. Mane Fils S.A. Kancor Ingredients Ltd. Others N.A. N.A.

6 Snapshot of Mergers & Acquisitions Updates for December 2014

Acquirer Target Sector Stake Cr.

SIS-Prosegur ISS World Services A/S Others N.A. N.A.

TAFE Motors and Tractors Ltd AGCO Corporation Manufacturing N.A. ` 882 Cr

BookAdda.com Sapna Infoway Pvt. Ltd Acadzone Others N.A. N.A. KoolSkool Media & Cinépolis Essel Group N.A. ` 480 Cr Entertainment SVG Media Private Limited Gruner + Jahr AG & Co KG Media N.A. N.A.

Dalmia Bharat Limited Steel Authority of India Limited (SAIL) Manufacturing 24% ` 239.4 Cr

Dharampal Satyapal Limited Winnington AB Others 50% N.A.

Acrysil UK Homestyle Products Limited Others 74% ` 20.5 Cr

Mergers & Acquisitions Deals November & December 2014

W Atlee Burpee Company Acquires Stake In Indus Seeds IndiaHomes.com acquires UK-based property advisory firm Unesta for $2M Deal Participant – Acquirer Deal Participant – Acquirer W. Atlee Burpee and Co. offers seeds and plants home gardeners. It offers seeds and India World Technologies Pvt Ltd. provides property services in India. It offers advisory plants in the areas of vegetables flowers, perennials, herbs, and heirlooms. It also and assistance in buying properties in India. Its services include short listing of provides fruit plants, organics, and gardening supplies. It sells its products online as properties, site visits, market analysis and comparisons of multiple properties. It was well. It was founded in 1876 and is based in Warminster, Pennsylvania. incorporated in 2007 and is based in New Delhi, India Deal Participant – Target Deal Participant – Target Indus Seeds India Private Limited produces, exports, and imports hybrid agricultural Unesta is a real estate advisory firm which provides specialist property consultancy in seeds. It offers seeds of vegetables. It was founded in 2003 and is based in Bengaluru, London. It offers a range of services to NRIs and PIOs for buying real estate in India and India. other investment destinations. Deal Value Deal Value Undisclosed $ 2 M Synergy Benefits Synergy Benefits It’s a strategic investment It’s a strategic investment.

Rane Holdings Increases Stake InSasMos HET Astral Poly Technik Picks Up Majority Stake in Resinova Chemie Deal Participant – Acquirer Deal Participant – Acquirer Rane Holdings Limited, together with its subsidiaries, manufactures and sells Astral Poly Technik Limited manufactures and markets chlorinated poly vinyl chloride automobile components. It offers steering and suspension systems and valve train (CPVC) plumbing systems and ASTM solvent weld lead free PVC plumbing systems in components comprising engine valves, valve guides and tappets, and large engine India and internationally. It was incorporated in 1996 and is based in Ahmedabad, India. valves for power generation, marine, and special applications. It also offers friction Deal Participant – Target material products consisting of brake linings, disc pads, composite brake blocks, clutch Resinova Chemie Ltd. manufactures adhesives and sealants, construction chemicals and facings and brake pads; occupant safety seat belt systems and air bags; and high industrial maintenance products. Its products are used in various applications in the pressure aluminum die casting products. areas of automobile, engineering, hardware and sanitary, household, stationary, brush Deal Participant – Target making industry, electrical insulators and rust removers. It was incorporated in 1987 Lumipol International B.V. distributes cable harnesses and control panels. It is based in and is based in Kanpur, India. Heeze, the Netherlands. It operates as a subsidiary of Lumipol Holding BV. Deal Value Deal Value ` 212.8 Cr Undisclosed Synergy Benefits Synergy Benefits The acquisition will deepen and widen its product offering in market. In addition, it will The acquisition will enhance its presence in the defence and aerospace sector. expand its manufacturing capacities of its adhesive and sealant products.

8K Miles Software Buys Serj Solutions 8K Miles Software Buys Serj Solutions Deal Participant – Acquirer Deal Participant – Acquirer 8K Miles Software Services Limited provides cloud-based and mobility/big data 8K Miles Software Services Limited provides cloud-based and mobility/big data solutions primarily in India. It provides cloud consulting and migration, BigData, solutions primarily in India. It provides cloud consulting and migration, BigData, remote remote infrastructure management, backup, and disaster recovery services over infrastructure management, backup, and disaster recovery services over Amazon Web Amazon Web Services, Windows Azure, and other cloud platforms. Services, Windows Azure, and other cloud platforms. Deal Participant – Target Deal Participant – Target SERJ Solutions, Inc. based in Orange, California provides Epic Electronic Health Record SERJ Solutions, Inc. based in Orange, California provides Epic Electronic Health Record (EHR) consulting, custom application development, and support solutions for the (EHR) consulting, custom application development, and support solutions for the healthcare market. healthcare market. Deal Value Deal Value ` 15.8 Cr ` 15.8 Cr Synergy Benefits Synergy Benefits The acquisition will allow it to create a compelling suite of cost effective hosted SaaS The acquisition will allow it to create a compelling suite of cost effective hosted SaaS solutions for healthcare service providers. solutions for healthcare service providers.

Nihon Nohyaku Picks Up Majority Stake In Hyderabad Chemicals Papa John's acquires Pizza Corner chain Deal Participant – Acquirer Deal Participant – Acquirer Nihon Nohyaku Co., Ltd. engages in the manufacture, import, export and sale of Om Pizzas and Eats India Private Limited, the Indian franchisee of Papa John's agrochemicals. It also offers pharmaceuticals, veterinary pharmaceuticals, quasi- International, owns and operates restaurants. It was incorporated in 2005 and is based drugs, industrial chemicals, organic intermediates, wood preservatives, water in Gurgaon, India. treatment chemicals, agricultural materials, etc. Deal Participant – Target Deal Participant – Target Pizza Corner India (Private) Limited owns and operates a chain of quick service Hyderabad Chemicals Limited manufactures pesticide formulations for the plant restaurants in India. It also franchises its restaurants. It was founded in 1996 and is protection needs of a spectrum of crops for the farming community. It offers based in New Delhi, India emulsifiable concentrates, suspension concentrates, wettable powders, water soluble Deal Value powders, encapsulated granules, and water dispersible granules. It was incorporated Undisclosed in 1954 and is based in Hyderabad, India. Synergy Benefits Deal Value With this acquisition Papa John will have penetration in the southern cities which Undisclosed includes Bengaluru, Hyderabad & Chennai. Synergy Benefits With this acquisition now Nihon will have Indian presence and it will leverage the technical know-how of Hyderabad Chemicals which they have acquired over the past three decades.

Mergers & Acquisitions Deals November & December 2014

Ascent Capital Backed KIMS Acquires Kerala Based Al Shifa Hospital Fidelity Backed Milk Mantra Buys Westernland Dairy Deal Participant – Acquirer Deal Participant – Acquirer Kerala Institute of Medical Sciences (KIMS) operates as a multispecialty hospital in Milk Mantra Dairy Pvt. Ltd. processes and packages dairy products. It offers milk and India. It provides health check programmes, emergency services, and specialized paneer. It was incorporated in 2009 and is based in Bhubaneswar, India. clinics. It was founded in 2002 and is based in Thiruvananthapuram, India. Deal Participant – Target Deal Participant – Target Westernland Dairy Private Limited owns and operates a dairy. It was incorporated in Al Shifa Hospital Private Limited owns and operates a hospital. It was founded in 1989 2012 and is based in Bhubaneswar, India. and is based in Perintalmanna, India. Deal Value Deal Value ` 10 Cr Undisclosed Synergy Benefits Synergy Benefits With this acquisition the Odisha based dairy firm is seeking to expand its operation in The acquisition is a part of its organic expansion. the country. It is planning to achieve scale through the inorganic route as well as through Greenfield projects.

Mahyco Buys Majority Stake In Zimbabwe's Seed Firm Quton Avantha Group Sells Korba Power Project To Adani Power Deal Participant – Acquirer Deal Participant – Acquirer Maharashtra Hybrid Seeds Company Limited (MHSCL) researches, produces, Adani Power Limited, together with its subsidiaries, is engaged in the generation and processes, and markets hybrid seeds for farming community in India. It offers various transmission of electricity under long term power purchase agreements and on products in various crop species, including cereals, oilseeds, fibre, and vegetables. It merchant basis in India. It generates electricity through thermal and solar energy was founded in 1964 and is based in Jalna, India. sources. It was founded in 1988 and is based in Ahmedabad, India. It is a subsidiary of Deal Participant – Target Adani Enterprises Limited. Quton Seed Company (Private) Limited focuses on research & development, Deal Participant – Target production and distribution of cotton planting seeds. It is based in Milton Park, Avantha Power & Infrastructure Limited produces thermal power. It was formerly Zimbabwe. known as BILT Power Limited. It was incorporated in 2005 and is based in India and Deal Value operates as a subsidiary of Avantha Group. Undisclosed Deal Value Synergy Benefits ` 4200 Cr With this acquisition MHSCL will have a strong platform to deliver improved genetics Synergy Benefits and other novel technologies to the African Cotton farmers for yield and income The acquisition will further consolidate its position as an independent power producer enhancement. in India.

American Tower Corporation Acquires Airtel's Nigeria Towers Hester Biosciences Buys Gujarat Agrofarm Deal Participant – Acquirer Deal Participant – Acquirer American Tower Corporation is a real estate investment trust. It invests in the real Hester Biosciences Limited manufactures, markets and exports animal vaccines and estate markets across the globe. Through its subsidiaries it owns, operates and health products in India and internationally. It offers live vaccines for avians, swine and develops wireless and broadcast communications real estate. It was founded in 1995 large animals; inactivated vaccines for avians; and health products for avians and large and is headquartered in Boston, Massachusetts. animals. It was founded in 1987 and is based in Ahmedabad, India. Deal Participant – Target Deal Participant – Target Bharti Airtel Limited provides telecommunication systems and services to individuals Gujarat Agrofarm Limited manufactures growth or culture media that supports the and businesses. It also provides mobile services, telemedia services, digital TV services, growth of micro-organisms or cells, or small plants. It was incorporated in 2007 and is tower infrastructure services, etc. It was founded in 1995 and is headquartered in based in Ahmedabad, India. New Delhi, India. Deal Value Deal Value ` 5.25 M $ 1.05 Bn Synergy Benefits Synergy Benefits The acquisition will help it to save large amount which is spent on growth media The deal will help ATC to expand its presence in fast growing African Segment. procurement.

Rupert Murdoch's News Corp Invests In Real Estate Portal PropTiger Narayana Health Acquires Kolkata Based WestBank Hospital Deal Participant – Acquirer Deal Participant – Acquirer News Corp is a global, diversified media and information services company focused on Narayana Health formerly known as Narayana Hrudyalaya, is a multi-specialty hospital creating and distributing authoritative and engaging content to consumers throughout chain in India, headquartered in Bengaluru. The hospital chain has 6200 beds spread the world. It comprises leading businesses across a range of media, including news across 27 hospitals in 17 cities. It was founded by Dr. Devi Shetty in 2000. and information services, digital real estate services, book publishing, digital education Deal Participant – Target and sports programming and pay-TV distribution. Westbank Hospital is a multi-specialty hospital in Andul Road, Howrah, West Deal Participant – Target Bengal, India. It has 400 beds spread across 2 units and a 24/7 consultant led service. PropTiger Realty Pvt Ltd. provides real estate advisory services in India. It offers Deal Value property and loan advisory, NRI and investment guide services. It was incorporated in ` 150 Cr 2006 and is based in Noida, India. Synergy Benefits Deal Value The acquisition is a part of its plan to set up dedicated units for cancer and kidney care $ 30 M in every region. Synergy Benefits The investment will strengthen its hold in the tech enabled real estate offerings globally. In addition, it creates a network effect to complement and build on the strength of its collection of businesses.

Mergers & Acquisitions Deals November & December 2014

VC Backed Urban Ladder Acqui-hires Home Decor Marketplace BuyNBrag Sandhar Technologies Buys Arkay Fabsteel's Cabin Business Deal Participant – Acquirer Deal Participant – Acquirer Urban Ladder Home Decor Solutions Private Limited operates an online furniture store Founded in 1985 by Jayant Davar, Sandhar Technologies Limited manufactures locking in India. At present, it delivers to seven cities in India It was founded in 2012 and is systems, vision systems, latches, door handles, and hinges for automobiles. It offers based in Bengaluru, India. sheet metal stampings, zinc die castings, aluminium die castings, plastic injection Deal Participant – Target moulding, wheel rims and assemblies, handle bar and assemblies, clutch assembly and Social Scientist Ecommerce Pvt Ltd (BuyNBrag) operates an online marketplace for brake panels, fender and muffler assemblies, and moulds and dies. furniture and home decor products. It was founded in 2012 and is based in Gurgaon, Deal Participant – Target India. Arkay Industries specializes in design, manufacturing and supply of cabins for Deal Value construction equipment, tractors, mining equipment and other diverse applications. Undisclosed Deal Value Synergy Benefits Undisclosed The acquisition will expand its home décor range and leverage the skillset of BuyNBrag Synergy Benefits The acquisition will double Sandhar Technologies' production capacity for cabins and add new customers as well.

Future Group Acquires Actis' Nilgiri's Convenience Stores Chain Tube Investment Makes Additional Investment In JV Company Deal Participant – Acquirer Deal Participant – Acquirer Future Consumer Enterprises Ltd. engages in the development, designing, branding Tube Investments of India Limited manufactures and sells bicycles, precision steel tubes and distribution of fast moving consumer goods under the brand Tasty Treat, Clean and metal formed products in India and internationally. It also provides general Mate, Care Mate, Premium Harvest and Fresh and Pure. It was incorporated in 2008 insurance products; vehicle and business finance, home equity loans and stock broking and is based in India. services; distributes financial products and manufactures power transmission products, Deal Participant – Target such as gears, gear boxes, geared motors, and gear assemblies. It was founded in 1949 Nilgiri Dairy Farm Private Limited operates a chain of supermarkets in South India. It and is based in Chennai, India. provides dairy products, bakery products, staples, grocery, general merchandise and Deal Participant – Target personal care products. It was founded in 1905 and is based in Bengaluru, India. Tl Tsubamex Private limited is a joint venture of Indian company Tube Investments of Deal Value India Limited and Japanese company Tsubamex. It was incorporated in 2013, and is ` 300 Cr based in Chennai. Synergy Benefits Deal Value The acquisition will strengthen its presence in south India and bring in new ` 175 Mn manufacturing capabilities and brands. Synergy Benefits The investment will help it to establish a Die manufacturing facility in India.

Australian Infra Consultancy Firm SMEC Acquires Leadrail Infra Solutions Rocket Internet Backed FoodPanda Acquires TastyKhana Deal Participant – Acquirer Deal Participant – Acquirer SMEC India Private Limited provides engineering services. It was founded in 1994 and FoodPanda GmbH operates an online food ordering platform. Its platform enables to is based in Gurgaon, India. It operates as a subsidiary of Snowy Mountains Engineering order food online from various restaurants. It operates in various countries in South Corporation Limited. America, Asia, Eastern Europe, and Africa. Deal Participant – Target Deal Participant – Target Leadrail Infra Solutions Pvt. Ltd. provides rail transport consultancy services. It offers TastyKhana.in is an online food ordering portals in India. They make food ordering consulting services in the areas of feasibility and DPR studies of rail corridors, pre-bid easier for users due to their tie-ups with more than 6500 restaurants across India which services of railway projects, geo-tech investigations and formation studies, track helps them to provide both convenience and variety. It is currently operating in designs and fastener specifications, track alignment solutions, rail structure Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (NCR), Hyderabad, Indore, Jaipur, interaction studies, ballast-less track (BLT) structures, bridge designs, and value Kolkata, Lucknow, Ludhiana, Mumbai, Pune and Vadodara. engineering of projects. It was incorporated in 2012 and is headquartered in Deal Value Bengaluru, India. Undisclosed Deal Value Synergy Benefits Undisclosed Post the acquisition TastyKhana will remain as an independent brand. Together, Synergy Benefits Foodpanda and TastyKhana will partner with over 10,000 restaurants in India covering The acquisition will strengthen its rail and metro business in India and internationally. over 173 cities,

Indiabulls Distribution Services Acquires India Land a nd Properties Ruchi Soya Sells Majority Stake in Gemini Edibles to Golden Agri Resources Deal Participant – Acquirer Deal Participant – Acquirer Indiabulls Distribution Services Limited provides real estate brokerage and dealer Golden Agri-Resources Ltd, an investment holding company, operates as an integrated services. It was incorporated in 2009 and is based in New Delhi, India. It operates as a palm oil plantation company, primarily in Indonesia and China. Its primary activities subsidiary of Indiabulls Securities Limited. range from cultivating and harvesting oil palm trees; and processing fresh fruit bunches Deal Participant – Target into crude palm oil (CPO) and palm kernel, to refining CPO into industrial and consumer India Land And Properties Private Limited owns commercial property complex of three products, such as cooking oil, margarine and shortening for end-customers, restaurants, towers in Chennai. It was incorporated in 2000 and is based in Chennai, Tamil Nadu. hotels, cafés, and industrial markets. Deal Value Deal Participant – Target ` 600 Cr Ruchi Soya Industries Limited processes oil-seeds and refines crude oil for edible use in Synergy Benefits India. It operates through Extractions, Vanaspati, Oils, Food Products, Wind Power The acquisition is a bid to strengthen the rental portfolio and its annuity income. Generation and others segments. Deal Value $ 17.88 M Synergy Benefits It’s a strategic investment.

Mergers & Acquisitions Deals November & December 2014

Navratna PSU Concor Picks Up Stake In AngulSukinda Railway Project Cognizant Acquires Australian Digital Solutions Firm Odecee Deal Participant – Acquirer Deal Participant – Acquirer Container Corporation of India Limited, a multi-modal logistics company, is engaged in Cognizant Technology Solutions India Private Limited offers software development, handling, transportation and warehousing activities in India. It operates in two integration, and maintenance services for various companies. It was formerly known as divisions, EXIM and Domestic. It handles and transports containers through rail and Dun & Bradstreet Satyam Software. It was founded in 1994 and is based in Chennai, road; and operates as a carrier. It also operates inland container depots in the India. It operates as a subsidiary of Cognizant Technology Solutions Corporation. hinterland. Its terminals provide a various facilities, including warehousing, container Deal Participant – Target parking, repair facilities, and office complexes. Odecee Pty Ltd. provides enterprise application solutions in Australia. It offers Deal Participant – Target enterprise digital solutions, including mobile and channel maturity assessment, digital The Angul Sukinda Railway Limited was incorporated in February 2009. It is the architecture, enterprise UX development and assessment, enterprise mobile and Web consequence to greater scheme of Indian Railway to develop rail-infrastructure on solution delivery, testing automation services, managed mobile solutions, and Public Private Partnership (PPP) basis. Presently, the constituent partners of this production vitality and health solutions; and enterprise development and operations company are Rail Vikas Nigam Limited (RVNL), a PSU under Ministry of Railways, services, such as software delivery assessment, environment management, cloud Government of Odisha, Jindal Steel & Power Ltd (JSPL) Odisha Mining Corporation Ltd infrastructure engineering, development and operations tooling enablement, (OMC) and IDCO an Odisha Govt’s PSU. continuous delivery, and test automation services. Deal Value Deal Value Around ` 156 Cr Undisclosed Synergy Benefits Synergy Benefits It’s a strategic investment. It is a strategic acquisition to expand its digital transformation portfolio and capabilities to help its clients create digital enterprises.

JSW Group Buys Back Eton Park’s Stake in JSW Infrastructure Bain Capital sells 4.28% of Hero MotoCorp for $400M Deal Participant – Acquirer Deal Participant – Acquirer JSW Infrastructure and Logistics Ltd. through its subsidiaries operate in the logistics Undisclosed and maritime infrastructure sector. It constructs marine ports, shipyards and ship Deal Participant – Target repair facilities. It operates as a subsidiary of JSW Steel Ltd. Bain Capital, LLC is an investment holding company operating through its subsidiaries, Deal Participant – Target Sankaty Advisors, LLC; Brookside Capital Management, LLC; Bain Capital Ventures; Bain Eton Park Capital Management, L. P. is a privately owned hedge fund sponsor. It Capital Private Equity; and Absolute Return Capital, LLC. The firm was founded in 1984 provides its services to pooled investment vehicles. It invests in the public equity, fixed and is headquartered in Boston, Massachusetts with additional offices across the United income and alternative investment markets across the globe. States, Asia, and Europe. Deal Value Deal Value ` 6 Bn $ 400 M Synergy Benefits Synergy Benefits It’s a strategic Investment. It’s a strategic Investment

Novartis India divesting animal health unit to Eli Lilly for $14M VC Backed Incubator Antfarm Acquires Food Delivery Venture Meals on Wheels Deal Participant – Acquirer Deal Participant – Acquirer Eli Lilly and Company discovers, develops, manufactures, and sells pharmaceutical The Ant Farm, LLC, an entertainment advertising agency, develops advertising products worldwide. It operates in two segments, Human Pharmaceutical Products campaigns for the entertainment market. It offers campaign development services, and and Animal Health Products.Eli Lilly and Company was founded in 1876 and is motion graphics services, rotoscoping services, compositing services, and stereoscopic headquartered in Indianapolis, Indiana. design/animation. It also provides production/post-production services, and music Deal Participant – Target services, print advertising services, social media marketing services, and mobile Novartis India Limited manufactures and sells healthcare products in India and services, which include iOS and Android applications, and mobile optimized sites. internationally. It operates through four segments: Pharmaceuticals, Generics, Over- Deal Participant – Target The-Counter and Animal Health. It was founded in 1947 and is based in Mumbai, India. Meals on Wheels, founded in 1997 in Mumbai, was the first food delivery service in the It is a subsidiary of Novartis AG. country, currently provide delivery from the most popular restaurants in South Deal Value Mumbai, with a serviceable area from Cuffe Parade to Worli, Mumbai. $ 14 M Deal Value Synergy Benefits Undisclosed The acquisition will increase Elanco(Eli Lilly’s subsidiary) product portfolio, expand its Synergy Benefits global commercial presence and enhance manufacturing and R&D capabilities. It’s a strategic investment.

Amulya Leasing & Finance hikes stake in Apollo Pipes to 51% Sula Shipping Picks Up Stake in Jindal ITF Deal Participant – Acquirer Deal Participant – Acquirer Incorporated in 1985, Amulya Leasing and Finance operates as a non banking finance Sula Shipping & Logistics Pvt. Ltd., a logistics company, provides shipping services in company, which is engaged in the business of financing, and sale and purchase of India and internationally. It offers integrated offshore logistics services/chain for shares in India. commodities transportation from loading to discharging port. It also provides ship Deal Participant – Target management services to the shipping and offshore industries. Apollo Pipes Limited manufactures and exports unplasticized polyvinyl chloride (uPVC) Deal Participant – Target pipes. It offers PVC pipe products, such as pressure pipes, including uPVC, ring fit, and Jindal ITF Limited is an infrastructure company that owns and operates businesses in self fit/socket fit pipes; casing, column, and plumbing pipes; and SWR pipes and water, waste water, and solid waste management; domestic transport and logistics; and fittings. It also provides polyolefin piping systems, such as HDPE piping systems, transportation equipment fabrication. It also develops shipyards and manufactures sprinkler pipes, and cable ducts, as well as PE gas, and PP-R hot and cold water pipes; wagons using aluminium and steel. and steel products, including steel pipes and tubes, structural steel, scaffolding Deal Value fittings, and hand pumps, as well as aluminized steel, hot dipped galvanized, fence, Undisclosed and scaffolding tubes. Synergy Benefits Deal Value It’s a strategic investment. Undisclosed Synergy Benefits It’s a strategic investment.

Mergers & Acquisitions Deals November & December 2014

IKYA Group Acquires Parent Fairfax Financial's Stake In MFXchange Holdings Aurobindo Pharma Acquires US Based Natrol Inc In Bankruptcy Auction Deal Participant – Acquirer Deal Participant – Acquirer Ikya Human Capital Solutions Private Limited provides HR solutions in India. It offers Aurobindo Pharma Limited, a pharmaceutical company, develops, manufactures and executive search, outplacement, offer management, exit management, helpdesk, markets generic pharmaceuticals and active pharmaceutical ingredients in India, the master vendor, executive search, payroll management, compliance management, United States, Europe and internationally. It offers generics formulations primarily in campus project, ramp-ups and new set-ups, talent mapping, database management, the therapeutic areas of cardiovascular system, central nervous system, antibacterials, assessment, managed, recruitment, staffing, temporary staffing, training, human cephalosporins, opthalmics, oral contraceptives, gastroenterologicals, NSAIDS, anti- resources outsourcing and project based RPO hiring services. fungal, anti-emetics, anti-virals anti-diabetics, anti-allergic, antibiotics anti-retrovirals, Deal Participant – Target and others. It was founded in 1986 and is headquartered in Hyderabad, India. MFXchange Holdings, Inc. provides infrastructure and data center, cloud computing, Deal Participant – Target and insurance technology services to support businesses in various industries. It was Natrol, Inc. manufactures and sells nutritional supplements in the United States. It founded in 2001 and is based in Toronto, Canada with datacenters in Ridgefield Park, offers vitamins, minerals and supplements; diet and weight management products; New Jersey; Roanoke, Virginia; and Toronto, Canada. It also has locations in Toronto, sports nutrition products; products and formulas for hair, skin and nails; Canada; Dallas, Texas; Ireland; and India. It operates as a subsidiary of Fairfax Financial carb/hunger/fat intercepts; metabolism boosters and super fruits. It was founded in Holdings Limited. 1980 and is headquartered in Chatsworth, California. Deal Value Deal Value Undisclosed $ 132.5 M Synergy Benefits Synergy Benefits The acquisition will create a formidable international platform and generate enhanced The deal will provide it the right platform for creating a fully-integrated OTC platform in offerings to its respective clients. the US and other international markets.

Alibaba Backed Quixey Acquires App Developer Dexetra Software Johnson & Johnson acquires Jagdale’s electrolyte drink brand ORSL Deal Participant – Acquirer Deal Participant – Acquirer Quixey, Inc. owns and operates a search engine for applications. It allows users to Johnson & Johnson, together with its subsidiaries, is engaged in the research and describe their needs in plain English and then finds applications that users want. Its development, manufacture and sale of various products in the health care field custom search APIs are used by manufacturers, carriers, application stores, and search worldwide. It operates in three segments: Consumer, Pharmaceutical and Medical engines. It was founded in 2009 and is based in Mountain View, California. Devices and Diagnostics. Deal Participant – Target Deal Participant – Target Dexetra Software Solutions Private Limited develops mobile applications. It offers Jagdale Healthcare Private Limited produces fruit juice based electrolyte energy drinks Friday, an Android application to get various events captured with a smartphone to on contract basis. create a digital journal; and to make it searchable and ties together events. It offers its It was incorporated in 2004 and is based in Bengaluru, India. It operates as a subsidiary products across the globe. It was incorporated in 2010 and is based in Bengaluru, of N. R. Jagdale Group. India. Deal Value Deal Value ` 700 Cr Undisclosed Synergy Benefits Synergy Benefits With this acquisition Johnson will be able to expand its consumer health care offerings The acquisition is a part of its plans to setup its development centre in India. to its clients

Times Internet Acquires Majority Stake In CricBuzz GVK Biosciences Acquires CRO Firm Vanta Biosciences Deal Participant – Acquirer Deal Participant – Acquirer Times Internet Limited, an Internet network operates a portfolio of Web and mobile GVK Biosciences Private Limited provides contract research services to pharmaceutical properties. It provides clients with opportunities to reach viewers worldwide by and biotechnology companies. It provides bioinformatics services, chemoinformatics operating various Web properties in the domain of news, entertainment, music, services, structural biology services and KPO and custom curation services, as well as IT lifestyle, automobiles, email, blogs, etc. and manages the digital video distribution and services for life sciences. It was incorporated in 2000 and is based in Hyderabad, India. It syndication to enable advertisers, publishers and content owners to reach the right operates as a subsidiary of GVK Power and Infrastructure Ltd. audiences and create value for the content. Deal Participant – Target Deal Participant – Target Vanta Bioscience is a full service preclinical contract research organization, CricBuzz founded by Pankaj Chhaparwal, Piyush Agrawal and Pravin Hegde; is a cricket headquartered in the USA and operating out of Chennai. It offers toxicology evaluation website that started as the provider of the ball-by-ball commentary for every major services for clientele in the pharmaceutical, biotech, medical device, cosmetics, agri- cricket match in the world. foods, food supplements, feed additives and chemical industries. Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits The acquisition will enable to leverage Cricbuzz's strong loyalty and expertise in the The acquisition is in line with its business strategy of being an integrated drug discovery cricket domain, coupled with rich editorial content across text, photos and videos, to services provider for customers. Vanta Bioscience will advance its position as they will build a great user experience around cricket. expand their service offering in GLP toxicology.

Mumabi Angels and YourNest backed BookMyCab acquires CabonClick in Hyderabad Ultratech Acquires Majority Stake In Omani Gypsum Mining Firm Awam Minerals Deal Participant – Acquirer Deal Participant – Acquirer Bookmycab.com is a provider of affordable radio taxi service in India – Mumbai, UltraTech Cement Limited, together with its subsidiaries, manufactures and sells Kolkata, and Delhi. It offers taxis for local travel, which include point to point, fixed– cement and cement related products in India and internationally. route, airport transfer and railway station transfer using non-AC and AC metered taxis. Deal Participant – Target It enables travellers to book taxis through the Website or mobile app. Awam Minerals LLC provides gypsum mining services. It is based in Oman. Deal Participant – Target Deal Value CabonClick.com provides online taxi booking services. It is based in Hyderabad, India. Undisclosed Deal Value Synergy Benefits Undisclosed Awam Mineral’s gypsum mining license will serve as a captive mine for the network of Synergy Benefits cement plants owned by it in India. The acquisition is a part of its overall strategy to roll out business across the country.

Mergers & Acquisitions Deals November & December 2014

Temasek Buys 10.16% stake in Intas Pharma from ChrysCapital Sami Labs Acquires KCP Biotech; Plans More Buys Deal Participant – Acquirer Deal Participant – Acquirer Temasek Holdings (Private) Limited is a sovereign wealth fund of the Government of Sami Labs Ltd. produces nutraceuticals, cosmeceuticals, standardized herbal extracts, Singapore specializing in growth capital, restructuring, and divestiture transactions. It fine chemicals, specialty chemicals, and probiotics. It offers natural cosmetics, enzymes, also invests in private equity and debt funds, such as buyout and growth capital funds, spice extracts, minerals, fine chemicals, phytochemicals and oils used in nutritional, mezzanine funds, debt funds, technology venture capital funds, and life sciences pharmaceutical and the food industries. venture capital funds. Deal Participant – Target Deal Participant – Target KCP Biotech Limited manufactures natural colors for the food processing industry. It Intas Pharmaceuticals Ltd. engages in the development, manufacture, and marketing offers food processing products, agricultural products, and healthcare products, of pharmaceutical formulations. It exports its products to Europe, the United States, including diagnostics products. It was incorporated in 1994 and is based in Chennai, Latin America, Brazil, Mexico, Canada, Australia, and South Africa. India. Deal Value Deal Value ` 840 Cr ` 50 M Synergy Benefits Synergy Benefits The investment will deepen its exposure to India’s pharmaceutical industry. With this acquisition Sami Labs will strengthen its product Portfolio.

Hollingsworth & Vose Company Buys Raman FibreScience Bharti Softbank Acquires Stake In Social Content Site ScoopWhoop Deal Participant – Acquirer Deal Participant – Acquirer Hollingsworth & Vose Company manufactures and supplies technical and filter papers, Bharti Softbank Holdings Pte. Ltd. offers mobile internet services such as social media, industrial and specialty papers, composites and nonwovens. It offers engine and gaming, and e-commerce. It was founded in 2011 and is based in India. It operates as a industrial filtration media for engine filtration applications, and other specialty joint venture between Bharti Enterprises Limited and Softbank Corp. filtration applications; air and liquid filtration media; battery separator and additive Deal Participant – Target materials; engineered composite materials; nonwoven materials; and synthetic ScoopWhoop Media Pvt. Ltd. creates and curates content online that gets shared nonwovens. It was founded in 1843 and is based in East Walpole, Massachusetts. It through social networks like facebook. It was founded in 2013 and is based in New has manufacturing sites and research centers in the Americas, Europe and Asia. Delhi, India. Deal Participant – Target Deal Value Raman FibreScience specializes in wet-laid, fiber-based materials for filtration media ` 274 M and battery separator applications in India. Synergy Benefits Deal Value The investment will expand its footprint in Indian Mobile Internet Space and combine Undisclosed the strengths of both – i.e. content creation for Indian youth by ScoopWhoop and Synergy Benefits mobile-optimized technology platform and distribution by BSB for Indian consumers It’s a strategic Investment.

French Firm Systra Acquires Gujarat Based Engineering Consultant Sai ING Vysya Merging With Kotak Mahindra Bank Deal Participant – Acquirer Deal Participant – Acquirer SYSTRA S. A. provides engineering and consulting services in urban and rail transport Kotak Mahindra Bank Limited provides a range of banking and financial services to high internationally. It provides services in public and rail transport, project management, net worth individuals, entrepreneurs, business families and employed professionals in transport planning, civil engineering, structures, transport systems engineering, and India. It offers savings, current, and term deposit accounts; commercial vehicle finance, transport equipment engineering. It offers design studies, such as feasibility studies, personal loans, home loans, agriculture finance and other loans/services, as well as preliminary and detailed design, technical and economic studies, tender documents, credit cards and various life insurance products. As of March 26, 2014, it operated infrastructure opportunity studies, modeling, traffic forecasts, travel surveys, approximately 569 branches and 1,056 ATMs. It was founded in 1985 and is based in environmental studies, impact studies, integration studies, and design of transport Mumbai, India. hubs. It also provides software products, including RAILSIM, a simulation software for Deal Participant – Target light rail, heavy rail, and mainline railroad systems; and Cube, a forecasting system for ING Vysya Bank Limited provides a range of banking and financial services in India. It the comprehensive planning of transportation systems. SYSTRA is currently present in operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Operations 78 countries and manages 3,500 contracts world-wide. segments. It offers savings, current, Demat, term, salary, and institutional accounts, as Deal Participant – Target well as term deposits; and credit and debit cards; and various loan products as well. It SAI Consulting Engineers Pvt. Ltd. provides multi-disciplinary engineering consultancy also provides wealth management services, trade services, financial market services worldwide. It offers services in the areas of transportation engineering, town services,cash management services, etc. It operates 553 branches and extension and urban planning engineering, water and environment engineering, building and counters, as well as 638 ATMs. It was incorporated in 1930 and is headquartered in industry engineering, project management consultancy and construction supervision, Bengaluru, India. outsourcing, and special economic zone aspects, as well as roads, highways, and Deal Value bridges; road asset management; road safety; urban and inter-urban transportation; $ 2.5 B railways; urban infrastructure; rural infrastructure; water and municipal Synergy Benefits infrastructure; regional planning; boarder check posts; capacity building and training; With this merger for Kotak with ING adds upto to multiple synergies, kotak which has its and social aspects. strong presence in North & Western part of India will have its strong foothold in South Deal Value India, it will also enable it to further diversify its loan book and increase Kotak’s Undisclosed presence in the small and medium enterprise (SME) segment and the combined entity Synergy Benefits will be the fourth-largest private bank in India, in terms of branch network etc. The acquisition consolidates its position in the country where it already has a presence through its subsidiary, SystraMva Consulting (India). In addition; it will increase its capacity to work on Asian markets.

Mergers & Acquisitions Deals November & December 2014

Motherson Sumi to Acquire Assets of Germany's Scherer & Trier Group Keywords buys video game development services provider Lakshya Digital for $4M Deal Participant – Acquirer Deal Participant – Acquirer Founded in 1986, MothersonSumi Systems Limited manufactures and sells automotive Keywords Studios plc provides integrated localization, testing and audio services to the wiring harnesses and mirrors primarily for passenger cars. It operates in two video game industry in Ireland, Japan, Italy, Canada and the United States. It offers segments, Automotive and Non–Automotive. It operates in India, Europe, Americas, localization services related to translation and cultural adaptation of in-game text and the Asia Pacific and the Middle East. It’s a Joint Venture between Samvardhana audio scripts across various game platforms and genres; and localization testing services Motherson Group and Sumitomo Wiring Systems (Japan). consisting of testing the linguistic correctness and cultural acceptability of computer Deal Participant – Target games. Founded in 1967, Kunststoff-Technik Scherer & Trier GmbH & Co KG develops and Deal Participant – Target manufactures thermoplastics parts. It offers products for the automotive industry, Lakshya Digital Pvt. Ltd. operates as an interactive entertainment and game including exterior and interior products, such as A-/C-pillar and B-pillar appliqués, development services studio. It provides outsourced game development services, on- outer scuff plates, roof moldings and water separators etc. It also provides sealing call game art services, casual games, and learning games for various platforms. It was profiles, magnetic profiles, stainless steel profiles, aluminum profiles, and decorative founded in 2004 and is based in Gurgaon, India. It has game development studios in molded parts for the sanitary industry. In addition, it offers products for the electrical Gurgaon and Pune, India; and an additional office in San Diego, California. industry, building industry and medicine industry. Deal Value Deal Value $ 4 m ` 283 Cr Synergy Benefits Synergy Benefits The acquisition will provide it with an entry point into a large, growing yet fragmented The deal will consolidate its position in Europe & USA. In addition, it will allow them to art outsourcing market. In addition, it will provide additional growth opportunities as offer more diversified range of polymer products to its customers. well as cost and revenue synergies.

Associated Stone Industries Acquires UAE based Al Rawasi Rocks And Aggregates IDFC Alternatives-controlled co buys HCC's Andhra road annuity project for $10.3M Deal Participant – Acquirer Deal Participant – Acquirer Associated Stone Industries (Kotah) Limited produces and sells stones primarily in Incorporated in 2010, Highway Concession One Private Limited develops, owns, India. It operates in Stone, Wind Power, and Trading segments. It engages in the constructs and operates public-private partnership (PPP) road projects in India. provision of natural stones; generation of wind power; and trading of steel and other Deal Participant – Target products. It was founded in 1945 and is based in Mumbai, India. Founded in 2008, HCC Concessions Limited engages in construction and development of Deal Participant – Target transportation infrastructure including roads, bridges, ports, airports, as well as power Al Rawasi Rocks and Aggregates L.L.C offer rocks and limestone quarrying and mining projects and infrastructure projects. services. It is based in Fujairah, United Arab Emirates. Deal Value Deal Value $ 10.3 Mn $ 5.915 M Synergy Benefits Synergy Benefits The acquisition is in continuation with its road sector aggregation strategy of acquiring It’s a strategic investment. controlling stake in operating road assets.

Bayer Pharma Acquires Fulford India's Consumer Care Business Manappuram to pick up to 85% in Asirvad Microfinance for $21.4M Deal Participant – Acquirer Deal Participant – Acquirer Bayer Pharma AG was founded in 1851 and is based in Berlin, Germany. It is engaged Manappuram Finance Limited was founded in 1949 and is headquartered in Thrissur, in the research and development of drugs and novel therapeutics for cardiovascular India. It is a non-banking financial company, provides fund and fee based services in and blood diseases, oncological diseases, ophthalmology, and women's healthcare. India. It offers loans against pledging of gold ornaments and jewelleries; and money Deal Participant – Target transfer and foreign exchange services, as well as housing finance services. It operates Fulford(India) Limited, subsidiary of Merck & Co. Inc.,was incorporated in 1948 and is 3,293 branches in 26 states and union territories. based in Mumbai, India. It is engaged in manufacturing and trading pharmaceutical Deal Participant – Target products in India. The company offers its products for various therapeutic areas, Asirvad Micro Finance Private Ltd. was founded in 2007 and is based in Chennai, India. It including dermatology, hepatitis, oncology, anti-histamine, and anti-infectives. provides financial services to poor women. It offers income generation program, micro Deal Value enterprise, housing, and festival loans. Undsclosed Deal Value Synergy Benefits $ 21.4 Mn With the acquisition of the consumer care business which includes OTC medications Synergy Benefits like allergy treatment Claritin and nasal spray Afrin, Bayer had become the world's The deal is a part of diversification of its business into microfinance and financing of second-biggest consumer healthcare company. commercial vehicles.

IVRCL Sells Stake in Chennai Desalination Plant Singapore's GIC To Acquire Business Knowledge Park Nirlon Deal Participant – Acquirer Deal Participant – Acquirer Founded in 2004, Utico FZC provides water management and treatment solutions. It GIC Pte. Ltd. was founded in 1981 and is based in Singapore. It is a sovereign wealth offers designing, engineering, capital investment, project management, installation, fund of the Government of Singapore. It manages foreign exchange reserves of the commissioning, operation, and maintenance services. It also provides water recycling Government of Singapore. It invests in the public and private equity with a focus on and purification, zero liquid discharge, and industrial water treatment services. It health care, financial and business services as well as natural resources, real estate, operates as a subsidiary of Ghantoot Group. fixed income, and alternative markets including foreign exchange, commodity, and Deal Participant – Target money markets across the globe. Founded in 1987, IVRCL Limited is engaged in the development and execution of Deal Participant – Target engineering, procurement, construction, and commissioning, as well as turnkey Nirlon Limited was incorporated in 1958 and is based in Mumbai, India. It develops real facilities in various infrastructure projects in India and internationally. It also estate properties in India. It is involved in the development of the Nirlon Knowledge constructs transportation infrastructure; buildings and industrial structures, such as Park, an industrial/information technology park located in Goregaon, Mumbai. townships, commercial buildings, industrial structures, and institutional buildings. Deal Value Deal Value ` 784 Cr ` 150 Cr Synergy Benefits Synergy Benefits The acquisition is consistent with its strategy in India to invest in assets that generate This deal was part of IVRCL’s strategic business plan to monetize its BOT and BOOT stable income streams over the long term. assets.

Mergers & Acquisitions Deals November & December 2014

Rupert Murdoch's News Corp Acquires BigDecisions.com Concept Communication Picks Up Majority Stake In Liqvd Asia Deal Participant – Acquirer Deal Participant – Acquirer News Corporation, a media and information services company, focuses on creating Concept Communication Limited, subsidiary of Concept Group, is based in Mumbai, and distributing authoritative and engaging content to consumers and businesses India. It is a financial communications company, markets financial products. Its services worldwide. It operates through News and Information Services, Cable Network include advertising, public relations management, road shows and conferences for the Programming, Digital Real Estate Services, Book Publishing, and Digital Education initial public offers in India. It also handles initial public offer accounts. segments. It is headquartered in New York, USA. Deal Participant – Target Deal Participant – Target Liqvd Asia was founded in 2013 and is based in Mumbai, India. It offers services such as FinDirect Services Pvt Ltd was incorporated in 2012 and is based in Mumbai, India. It Experiential Marketing, Digital Ubiquity, HTTP Fusion, Augmented Reality, Mobile Media owns and operates platforms and tools, which provide informative and interactive Marketing, Digital Experiences, Social Media Marketing, Branded Content Marketing videos, customized financial calculators and other content for financial planning and Digital Ideas to its various clients. process. Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits The acquisition consolidates its position in the digital space. In addition, the deal will The acquisition is in line with its strategy to diversify into different segments. help it create a bouquet of new offerings to its clients across various Group entities

Telstra Health Acquires Business of IdeaObject Singapore's Olam to acquire ADM's global cocoa unit for $1.3B Deal Participant – Acquirer Deal Participant – Acquirer Launched in 2014,Telstra Health, the eHealth business of Telstra, provides software Founded 1989, Olam International Limited engages in sourcing, processing, packaging, solutions for hospital, pharmacy, general practice and specialist doctors, radiology, and merchandising agricultural products. It operates in five segments: Edible Nuts, pathology, aged and residential care and telemedicine. Spices & Vegetable Ingredients; Confectionery & Beverage Ingredients; Food Staples & Deal Participant – Target Packaged Foods; Industrial Raw Materials and Commodity Financial Services. Founded in 2008, IdeaObject Software Pvt. Ltd. develops enterprise-level software for Deal Participant – Target hospitals. It is a healthcare solutions provider addressing the needs of multi-speciality Founded in 1898, ADM co. procures, transports, stores, processes and merchandises hospitals, small hospitals, clinics and niche specialties. Its hospital information system, agricultural commodities and products. In addition, it is involved in the oil palm HealthObject, is deployed across approximately 250 hospitals and clinics in India, cultivation, sugar milling and refining, biodiesel manufacturing and grains processing Thailand, Malaysia and the UAE. activities; and provision of specialty fats and oleo chemicals. Deal Value Deal Value Undisclosed $ 1.3 Bn Synergy Benefits Synergy Benefits The acquisition will help to strengthen its next generation hospital information system The acquisition represents a transnational opportunity for Olam Cocoa to become an offerings to its healthcare customers whilst building on a strong Asian footprint. integrated global leader in a market with attractive growth prospects.

Zomato Buys Italian Restaurant Search Guide Cibando JP Morgan acquires Aviva's Asia Pacific real estate platform Deal Participant – Acquirer Deal Participant – Acquirer Founded in 2008, Zomato Media Pvt. Ltd. operates a platform that lets users to Founded in 1935, JP Morgan Asset Management Inc. is a privately owned investment discover places to eat around them in India and internationally. Its platform allows manager. It provides its services to corporate, endowments and foundations, financial users to find the best restaurants nearby, see detailed restaurant information and intermediaries, individuals, insurance and mutual fund companies, and Taft-Hartley scanned menus, discover restaurants according to their mood, follow foodies for plans. It manages separate client-focused equity, fixed income, real estate, and trusted reviews, create their own personal food diary and share their gastronomic alternative portfolios. It also manages equity, fixed income, and money market mutual journey with their friends. funds for its clients. Deal Participant – Target Deal Participant – Target Founded in 2011, Cibando is a Content Creator &Media Communication Company It’s a direct real estate investment management platform operating in Australia, Japan based in Italy that caters to restaurants and other dining enterprises, and that actively and Singapore. involves a global foodie community. Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits With this acquisition, it has expanded its real estate investment capabilities, across the With this acquisition the Cibando brand will be integrated with Zomato which will full risk spectrum from core to opportunistic strategies in markets of Australia, Japan expand its presence in Italy and Italian users will be able to use Zomato for all major and Singapore. cities in the country.

Project Management Services Firm Progility Buys Unify India GMR Buys Out Partner Malaysia Aerospace in JV MAS GMR Aerospace Deal Participant – Acquirer Deal Participant – Acquirer Progility Plc, through its subsidiaries, provides project management services. It Founded in 2002, GMR Hyderabad International Airport Ltd. operates, manages and operates in four divisions that includes Technology Solutions, Training, Consulting, and maintains the Rajiv Gandhi International Airport in Shamshabad, India. It operates Recruitment. airlines for domestic and international routes. It provides passenger and ground- Deal Participant – Target handling services; in-flight catering services; base maintenance services; cargo handling Unify Enterprise Communications Private Limited was incorporated in 2007 and is services; manages an aerospace park and operates various retail concessions that based in Mumbai, India. It operates as a systems integrator and an independent include duty free shops. solution provider specializing in communications infrastructure, applications and Deal Participant – Target services for enterprise customers. Founded in 2007, Malaysian Aerospace Engineering SDN BHD provides engineering and Deal Value maintenance services for Boeing 747s, 777s and 737s and Airbus A330s and A320s. € 1 Mn Deal Value Synergy Benefits Undisclosed The acquisition will create an opportunity for it to introduce its expanding portfolio of Synergy Benefits various products and services to one of the world’s largest markets. The deal will make MGAE a wholly-owned subsidiary of GHIAL.

Mergers & Acquisitions Deals November & December 2014

Ultratech To Buy Two Cement Units from Jaiprakash Associates Employee transportation management firm ValuePro acquiring indoors plants firm Deal Participant – Acquirer Gardenia UltraTech Cement Limited, subsidiary of Aditya Birla Group, was incorporated in 2000 Deal Participant – Acquirer and is headquartered in Mumbai, India. It manufactures and sells cement and cement Incorporated in 2011, ValuePro International Pvt., Ltd. provides facility management, related products in India and internationally. Its products include ordinary Portland employee transportation and in plant logistics services in India. It offers services in the cement, Portland blast furnace slag cement, and Portland pozzolana cement; ready areas of housekeeping, pest control, mailroom management, vendor management, and mix concrete; building products, including waterproofing solutions, polymer modified landscaping management aspects; maintenance and engineering of electro mechanical mortar, lightweight autoclaved aerated concrete blocks, thin layer jointing mortar, and building management services, as well as heating, ventilating, and air conditioning and ready mix plaster; and white cement. services; transportation help desk management, support, spot rental, and fleet Deal Participant – Target deployment aspects; and line feed, packing and kitting, inventory management, yard Jaiprakash Associates Limited was founded in 1979 and is based in Noida, India. It is management, record keeping, kanban replenishment, reverse logistics handling, engaged in the engineering and construction, cement, power, real estate, materials management, dispatch scheduling, and labor management aspects. expressways, fertilizer, hospitality, healthcare, and sports businesses in India. It Deal Participant – Target operates through Construction, Cement, Hotel/Hospitality, Real Estate, Power, The 20-year-old Gardenia Ornamental offers indoor plants solutions to various Investments, and Others segments. corporates in the country. It has around 60 clients across verticals. It is based in Deal Value Bengaluru, India. ` 5400 Cr Deal Value Synergy Benefits Undisclosed The acquisition will help it to ramp up capacity by 5 million tonnes. In addition, the Synergy Benefits deal will help it to scale up its presence in eastern and central Uttar Pradesh and The acquisition will enable it to provide indoor plants solutions to its existing as well as eastern and central Madhya Pradesh. new clients.

IHS Holdings to Acquire Airtel's Telecom Tower Assets in Zambia, Rwanda Anil Ambani's Reliance Group To Sell Big Cinemas To Carnival Films Deal Participant – Acquirer Deal Participant – Acquirer Founded in 2001, IHS Nigeria plc, a mobile infrastructure company, provides mobile Incorporated in 2012, Carnival Films Private Limited operates a chain of cinema theatres telecommunications infrastructure services in Nigeria, Sudan, Ghana, and the United in India. It operates as a subsidiary of Global Business Conexxtions Private Limited. Arab Emirates. It is involved in turnkey infrastructure deployment, infrastructure Deal Participant – Target managed services and infrastructure sharing and leasing activities. Reliance - ADA Group Limited offers communications, financial services, power, Deal Participant – Target infrastructure, healthcare, and entertainment services. It offers information and Founded in 1995, Bharti Airtel Limited provides telecommunication systems and communications, and healthcare services; telecom services; financial services, such as services to individuals and businesses. Its Mobile Services segment offers voice and asset management and mutual funds; life and general insurance; wealth management data telecom services through wireless technologies in India, Sri Lanka, Bangladesh services; distribution of financial products; exchanges; private equity; asset and Africa Continent. In addition, it provides Telemedia Services, Digital TV Services reconstruction etc. In addition, it generates, transmits, distributes, and trades and Tower Infrastructure Services. electricity; constructs roads, MRTS, sea links, and airports. Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits The deal will help it to expand its business across five countries in Africa. The acquisition will help it to emerge as one of the largest multiplex operator

JSW Energy signs deal to buy Jaypee’s hydro power assets for $1.57 B 3i Infotech Sells UK's Investment Management Solutions Business to Objectway SpA Deal Participant – Acquirer Deal Participant – Acquirer JSW Energy Limited, an integrated power company, generates and transmits power ObjectWay S.p.A. was founded in 1990 and is based in Milan, Italy. It provides software primarily in the states of Karnataka, Maharashtra, and Rajasthan in India. It generates applications and technology services in Italy and internationally. It offers financial power primarily from imported coal and lignite. In addition, it is involved in the advisory, multi-channel trade and contract management, middle and back-office operation and maintenance of power plants; and power trading and coal/lignite securities processing, discretionary portfolio management, and mobile banking services mining activities. It has an operational capacity of 3,140 megawatts. for retail banks; and financial advisory, multichannel sales, wealth management, middle Deal Participant – Target and back office securities processing, mobile banking, and mobile wealth services for Jaiprakash Power Ventures Limited is engaged in the generation, transmission, and private banks. sale of power in India. It generates electricity through hydro and thermal energy Deal Participant – Target sources. It owns and operates Baspa-II hydro power plant with a capacity of 300 3i Infotechwas incorporated in 1993 and is based in Navi Mumbai, India. It provides IP megawatts (MW) located at district Kinnaur, Himachal Pradesh; Vishnuprayag hydro based software solutions and information technology (IT) services in India and power plant with a capacity of 400 MW located at district Chamoli, Uttrakhand; internationally. Its products include asset and wealth management solution accelerators Karcham-Wangtoo hydro power plant with a capacity of 1000 MW located at district and software products and KASTLE corporate and retail banking software and solutions, Kinnaur, Himachal Pradesh; Bina thermal power plant with a capacity of 500 MW as well as specialized corporate banking products to manage risk, asset liability, located at district Sagar, Madhya Pradesh. payments, and treasury. In addition, it offers enterprise resource planning software and Deal Value solutions; insurance management solution accelerators and software that enable $ 1.57 B management of insurance business processes; IT infrastructure management software; Synergy Benefits and Framework, a private equity software solution. The acquisition will make JSW Energy the largest private sector hydro-power Deal Value generator in the country. Once the acquisition is completed, the aggregate installed Undisclosed power generation capacity of JSW Energy will enhance to 4,531 MW. In addition, the Synergy Benefits acquisition will yield immediate cash flow and is expected to enhance JSW Energy's 3infotech has sold its investment so as to focus on its core operation. consolidated profitability and returns and create significant synergies.

Mergers & Acquisitions Deals November & December 2014

French Flavours And Fragrance Firm V Mane Fils Acquires Kancor Ingredients Mastek's US Unit to Acquire Agile Technologies Deal Participant – Acquirer Deal Participant – Acquirer Founded in 1871, V. Mane Fils S.A. engages in the production of flavors and fragrances Founded in 1992, Majesco, Inc. provides various technology solutions, products and for customers worldwide. Its flavor forms include liquid, powder, granules, capsules, services for the insurance industry in North America and internationally. It offers a and paste. It serves beverages, biscuits, confectionery, dairy products, savory food, range of solutions in property and casualty insurance products, life and annuity and nutrition applications; and shower gels, shampoos, deodorants, creams, products. In addition, it offers various IT services, such as enterprise application toothpastes, household products and interior perfumes applications. services, portals, enterprise mobility, testing, and business intelligence and data Deal Participant – Target warehousing services. Founded in 1969, Kancor Ingredients Ltd. provides spice extracts, oleoresins, essential Deal Participant – Target oils, botanicals, natural food colours, nutraceuticals, organic products, floral extracts, Founded in 1997, Agile Technologies provides information technology services. It flavours and fragrance ingredients. It also offers natural spice flavouring systems, mint specializes in Management Consulting, Business Process Optimization, Business and menthols, floral extracts and fragrances, antioxidants, cosmeceuticals, intelligence, Information Management, Application Integration and Compliance phytochemicals, botanicals, vanilla and organic products. Its products are used in Consulting etc. It operates in sectors such as Property & Casualty Insurance, beverages, bakery products, confectionery and meat products. Pharmaceutical & Life Sciences, Financial Services, Retail Distribution etc. Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits The deal is in line with its strategy of controlling the sourcing of our natural raw The acquisition is a part of its growth strategy, which will help it accelerate its global materials. customer support and growth plans.

Denmark's ISS sells cash management services unit in India to SIS Prosegur Dalmia Bharat Buys Out SAIL in Bokaro Jaypee Cement Deal Participant – Acquirer Deal Participant – Acquirer Founded in 2011, SIS-Prosegur intends to provide security services for cash Founded in 1935, Dalmia Bharat Limited manufactures and markets cement in India. management which includes secured transportation, vaulting, processing and The company operates through Own Manufactured Cement, Refractory, Management maintenance solutions for ATMs, bank cash, bullion and other valuables. Its clientele Services, and Others segments. It offers super specialty cements used for oil wells, include banks, financial institutions, and retail industry. railway sleepers, and airstrips. In addition, it generates and exports renewable energy. Deal Participant – Target Deal Participant – Target Founded in 1901, ISS World Services A/S operates as a facility services company. It Founded in 1954, Steel Authority of India Limited (SAIL), a steel-making company, offers cleaning, property, catering, support, security, facility management and manufactures and sells iron and steel products to the construction, engineering, power, integrated facility services. It has operations in Europe, Asia, North America, Latin railway, automotive, and defense industries in India. It also exports its products to America and Pacific regions. South East Asia, Middle East, Europe and Australia. Deal Value Deal Value Undisclosed $ 38 Mn Synergy Benefits Synergy Benefits The acquisition will help it to become a strong player in the east and south India With this deal, its current installed cement capacity (including subsidiaries and markets. associates) will reach 21 MTPA.

DS Group Acquires Swedish Tobacco Firm Winnington AB Tafe Motors & Tractors Picks up Stake In US Based Agco Corp Deal Participant – Acquirer Deal Participant – Acquirer Founded in 1929, Dharampal Satyapal Limited, a conglomerate, is engaged in tobacco, Founded in 2005, TAFE Motors and Tractors Ltd. operates as a manufacturer of tractors. mouth fresheners, confectionary, dairy, food and beverages, packaging, hospitality, It also offers air cooled and water cooled diesel engines and transmission components. heat resistant latex, infrastructure, and agro forestry businesses. It offers chewing It operates as a subsidiary of Tractors and Farm Equipment Ltd. tobacco and gums, elaichi and supari products, pan masala, spices, bottled spring Deal Participant – Target water, tonic water, club soda, cola drinks, lemon and orange drinks and silver and gold Incorporated in 1990, AGCO Corporation manufactures and distributes agricultural foils. It serves customers in India and internationally. equipment and related replacement parts worldwide. It offers tractors, combines, hay Deal Participant – Target tools, sprayers, forage equipment, tillage, implements, grain storage and protein Winnington AB produces and sells tobacco products. It is based in Hökerum, Sweden. production systems, as well as related replacement parts which are sold under five core Deal Value brands Challenger, Fendt, GSI, Massey Ferguson and Valtra. Undisclosed Deal Value Synergy Benefits $ 140 Mn The acquisition is aimed at coming out with next generation tobacco products which Synergy Benefits are healthier and safer. It’s a strategic investment.

SapnaOnline Acquires Bookadda, Acadzone, Koolskool Pricol to Acquire Brazilian Auto Component Deal Participant – Acquirer Deal Participant – Acquirer Incorporated in 2001, Sapna Infoway Pvt. Ltd. provides online retailing services for Founded 1972, Pricol Limited manufactures and sells automotive components in India books and electronics through its web portal SapnaOnline.com and internationally. It offers auto decompression units, auto fuel cocks, chain Deal Participant – Target tensioners, fuel level and speed sensors, fuel feed pumps, instrument clusters, oil BookAdda.com operates an online bookstore. It is based in Bengaluru, India. pumps and vehicle security systems for two wheelers; and analog clocks, brake light Acadzone provides digital test-preparation materials. switches, gear shifters, instrument clusters, map and speed sensors, oil pumps, power Founded in 2010, KoolSkool operates as an online retailer of children products. It sockets, top dash tachometers, EGR and vacuum switching valves, idle speed control provides books, toys, learning aids, school supplies, hobby products, and sports gear valves and windshield washer systems for four wheelers. and apparel. It also offers educational CDs and DVDs, textbooks, guide books, and gifts Deal Participant – Target and stationery products. Not Available Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits The acquisition will enable it to serve as a one stop solution to the education and This acquisition will enable it to make a foray into the Brazilian auto component readership market and consolidate its offerings. industry.

Mergers & Acquisitions Deals November & December 2014

Rocket Internet Backed FoodPanda Makes Three European Buys Kitchen Sink Maker Acrysil Picks Up Majority Stake In UK Based Homestyle Products Deal Participant – Acquirer Deal Participant – Acquirer Founded in 2012, FoodPanda GmbH operates an online food ordering platform. Its Founded in 2014, Acrysil UK (A Wholly owned subsidiary of Acrysil, India) imports and platform enables to order food online from various restaurants. It operates in various markets kitchen sinks and appliances in UK. Its products include granite sinks, stainless countries in South America, Asia, Eastern Europe, and Africa. steel sinks and wash basins. Its kitchen appliances comprise faucets, hoods and Deal Participant – Target chimneys, hobs and cook tops, ovens and microwave ovens, food waste disposers and Founded in 2006, Donesi.com is online ordering service for food delivery working in wine chillers, as well as other free standing cooking products. metro areas of Serbia, Montenegro, Bosnia and Herzegovina and Macedonia, with Deal Participant – Target many partner delivery services and restaurants. Founded in 2004, Homestyle Products Limited designs, manufactures and distributes Founded in 2008, Pauza.hr provides online food ordering service in Zagreb, Croatia stainless steel kitchen sinks, taps, and accessories in the United Kingdom and through its website and mobile application. internationally. Its products include sinks, insets, undermounts, flushmount sinks, taps, Founded in 1999, NetPincer.hu is online ordering service for food delivery working in single levers, twin levers and accessories. metro as well as small cities of Hungary. Deal Value Deal Value ` 20.5 Cr Undisclosed Synergy Benefits Synergy Benefits The acquisition will give it a boost in the premium UK market for kitchen sinks and The acquisitions will strengthen its position and allow for better and more accessories. comprehensive offering to its customers.

Tata Power Acquires Nagpur Based Ideal Energy Project SVG Media Acquires Networkplay, Seventynine From Gruner+Jahr Deal Participant – Acquirer Deal Participant – Acquirer Founded in 1915, The Tata Power Company Limited is engaged in the generation, Founded in 2006, SVG Media Private Limited specializes in Performance Marketing, transmission, distribution, and trading of electricity primarily in India. It operates Display Advertising, Rich Media, Data Targeting, Digital Media Strategies and Mobile through four segments: Generation; Transmission and Distribution; Fuel and Logistics; Performance Marketing. Currently, it has presence in India, South East Asia and the and Power Trading and Other Businesses. As of June 2, 2014, it owned and operated Middle East. power stations with gross installed capacity of approximately 8,585 megawatts. Deal Participant – Target Deal Participant – Target Gruner + Jahr AG & Co KG, together with its subsidiaries, operates as a printing and Founded in 2008, Ideal Energy Projects Pvt. Ltd. owns and operates a 540 MW publishing company in Europe. It publishes magazines and newspapers; and provides thermal power plant in Nagpur, India. online media and mobile media marketing services. Its portfolio comprises Deal Value approximately 500 magazines and digital offerings in approximately 30 countries. Undisclosed Deal Value Synergy Benefits Undisclosed (According to Times Of India, around $ 15 mn) The deal will increase its total power generating capacity. Synergy Benefits The acquisition will increase its market share in India’s digital advertising market.

Jagran Prakashan Acquires Radio City from IVFA Mexican multiplex chain Cinepolis acquires Fun Cinemas Deal Participant – Acquirer Deal Participant – Acquirer Founded in 1942, Jagran Prakashan Limited, a media and communications company is Founded in 1947, Cinépolis provides cinema exhibition services in Mexico, and Central engaged in the printing and publication of newspapers and magazines in India.In and South America and India. It also offers 3D entertainment services. Currently in addition, it offers out of home media solutions; marketing solutions to activations, India, it operates in Ahmedabad, Amritsar, Bangalore, Bhopal, Hubli, Jaipur, Ludhiana, corporate events, conventions, product launches, meetings, conferences, exhibitions Mangalore, Mumbai, Hyderabad, Vijayawada, Patna, Pune, Surat and Thane. and contests; mobile value added services; Internet space, an Hindi portal; and event Deal Participant – Target management services, as well as digital services. Founded in 1976, Essel Group, a conglomerate company, engages in the businesses of Deal Participant – Target media, technology, entertainment, packaging, infrastructure, education, and precious Founded in 1999, India Value Fund Advisors Private Ltd is a private equity and venture metals. Its activities include producing and aggregating Hindi programming; operating capital firm specializing in growth and buyout and industry consolidation transactions news and regional entertainment channels; providing direct to home entertainment; in mid-sized middle market companies. It does not invest in start-ups, seed, and early providing cable services in India; creating animations in short and long formats; stage companies. It is sector agnostic and make investments in businesses in the providing Internet data center and managed hosting services; operating screens; sectors like pharmaceuticals, biotechnology, outsourced services, healthcare; retailing providing online gaming services; operating a chain of commercial and housing and supply chain management; manufacturing; Internet, mobile platforms, consumer complexes and multiplex cinema-cum-family activity centres etc. products and services; media and entertainment; technology, energy, e-commerce, Deal Value logistics; infrastructure services; education; auto ancillary; clean energy. ` 480 Cr Deal Value Synergy Benefits Undisclosed With this acquisition, its presence in India increases from 110 screens to 193 screens. In Synergy Benefits addition, the deal will leverage synergies of costs and economies of scale in its This acquisition will consolidate its position as one of India's leading media and operations across the country. communication group.

Ahmedabad-based audit firm Manubhai & Co merges with Shah & Co Chennai Based Any Commerce Acquires Book Lending Portal iLoveRead.in Deal Participant – Acquirer Deal Participant – Acquirer Founded in 1975, Manubhai & Co. is Ahmedabad, India based audit and accounting Founded in 2012, AnyCommerce Chennai Private Ltd. is engaged in providing online firm restaurant search, online grocery, ticket booking and home services. Deal Participant – Target Deal Participant – Target Founded in 1936, Shah & Co. specializes in corporate practice, M&A, convergence in Founded in 2009, Life Online owns and operates a portal named iLoveRead.in, which US GAPS, audit services and valuation. allows one to borrow books online and offers home-delivery and pick-up of books. Deal Value Deal Value Undisclosed Undisclosed Synergy Benefits Synergy Benefits With the merger, the combined unit aims to build strength in newer areas like The acquisition is part of its long-term plans to expand to multiple verticals and cities International Financial Reporting Standards (IFRS), Direct Tax Code (DTC) and Goods & Service Tax (GST).

Mergers & Acquisitions Deals November & December 2014

Snapdeal Acquires Gift Recommendation Portal Wishpicker.com Deal Participant – Acquirer Founded in 2007, Jasper Infotech Private Limited is an online marketplace named SnapDeal.com in India. It offers product categories, such as mobiles and tablets; computers, laptops, and gaming; TVs, audio/video, and movies; cameras; appliances; clothing; footwear; sunglasses, bags, and accessories; watches; jewelry and gold coins; perfumes, beauty, and gifting; kitchen and home furnishing; sports, fitness, and health; kids toys, clothing, and baby care; learning, stationary, and hobbies; automotive and furniture and fixtures through its online store. Deal Participant – Target Founded in 2013, Wizmunk Gifting Services Pvt Ltd. operates as an online gift recommendation portal in India. It collects and aggregates various gift items and gift ideas from merchants and help customers in finding the relevant gifts as per their choice/preference. It enables clients from the United States, the United Kingdom and the Middle East to send gifts in India. Deal Value Undisclosed Synergy Benefits The acquisition will enable it to further personalize user experience and also drive conversions through intelligent recommendations.

Summary of Mergers & Acquisitions Updates

M&A Deals by Sector 1% Aviation 1% 1% 2% BFSI 5% 4% Cement 3% 4%

Food & Beverages 7% Healthcare

IT/ITES

Manufacturing 17% Media & Entertainment

Mining 41%

NBFC 4% Others 8% 2% Pharmaceuticals

Power & Energy

No. of M&A Deals by Size (Rs Crore) 12% Undisclosed 2% 9% 0-100

59% 100-300 18% 300-500

500 & Above

20 PE/VC Update Snapshot of PE/VC Updates for November 2014

Investor Target Sector Stake Cr.

GIC Pte. Ltd Edelweiss Financial Services Limited NBFC N. A. ` 71 Cr Fabella BookMEDS Others N. A. ` 63 Lacs Arun Khanna - chairman of Olive Telecom Angel investor - Harsh Khanna, a top Nucleus Software Solutions Pte Ltd Others N. A. ` 3 Cr executive of Yup

Kalaari Capital Aurus Network Infotech Private Others N. A. ` 18 Cr IDG Ventures India Limited

DST Global Xiaomi Inc. Others N. A. ` 67100 Cr Yunfeng Capital Sachin Bansal - Co-Founder Flipkart Mekin Maheshwari - CPO Flipkart SpoonJoy Food & Beverages N. A. N. A. Abhishek Goyal - Founder, Tracxn Sahil Barua - Co-Founder, Delhivery PremjiInvest Future Group Others N. A. ` 175 Cr Kickstarter, Inc. ReTiSense Others N. A. `12.6 Lacs Amazon.com Helion Venture Partners, LLC QwikCilver Solutions Private Limited Others N. A. ` 63 Cr Accel Partners Bluehill Asset Management Trio-Tech International Manufacturing & Engineering N. A. ` 19 Cr Granite Hill Capital Partners, LLC BTB Marketing Pvt. Ltd Others N. A. ` 30 Cr

Jones Lang LaSalle Assetz Property Services Pvt Ltd Real Estate N. A. N. A.

The Goldman Sachs Group, Inc Vatika Limited Real Estate N. A. ` 225 Cr

NSDC SkillPro Others N. A. ` 18.3 Cr

Sixth Sense Ventures Ethos Limited Others N. A. N. A. Utkarsh Micro Finance Private Lok Capital Group NBFC N. A. ` 128.1 Cr Limited Qatar Investment Authority Steadview Capital Management LLC Flipkart Online Services Pvt. Ltd Others N. A. ` 4270 Cr Baillie Gifford & Co. The Intellecap Impact Investment Banyan Green Fuels Others N. A. ` 1 Cr Network (I3N) Contrarian Drishti Partners BookMyCab Others N. A. N. A. Aniruddha Malpani Kishore Kanji Omnichanneler Technologies Private IT/ITES N. A. N. A.

L&T Infrastructure Development Canada Pension Plan Investment Board Infrastructure N. A. ` 1000 Cr Projects Helion Venture Partners, LLC Home Interior Designs E-Commerce Bessemer Venture Partners Others N. A. ` 29 Cr Pvt Ltd Jungle Ventures Baring Private Equity Asia Integra Software Services Pvt. Ltd IT/ITES N. A. N. A. Anupam Mittal - CEO of People Group Zepo Technologies Pvt. Ltd IT/ITES N. A. N. A. One97 Mobility Fund Unitus Seed Fund LLC Cue Learn Pvt. Ltd Others N. A. N. A. Mumbai Angels Other Investores: Manish Dalal of Verisign, Vliv Inc. Others N. A. N. A. Srini Raghavan of Scientific Games Pari Natarajan of Zinnov.

Xiaomi Inc. Midea Group Co., Ltd., Manufacturing N. A. ` 1220 Cr

Mr. Ratan N. Tata Swasth India Services Private Limited Health Care N. A. ` 2 Cr

22 Snapshot of PE/VC Updates for November 2014

Investor Target Sector Stake Cr.

Faering Capita Linkstreet Learning Pvt. Ltd. Others N. A. N. A. SAIF Partners Zoomo Others N. A. ` 6 Cr Google India Head – Mr. Rajan Anandan GiftCardsIndia.in Others N. A. N. A. Blume Venture Advisors Norwest Venture Partners Qubole Inc IT/ITES N. A. ` 79.3 Cr

Utthishta Yekum Fund Vaave.com Others N. A. ` 5 Lacs

Oman-India Joint Investment Fund GSP Crop Science Private Limited Manufacturing N. A. ` 95 Cr Management Company Karnataka Information Technology Avekshaa Technologies Pvt. Ltd. IT/ITES N. A. ` 3 Cr Venture Capital Fund DQ Entertainment (International) OCP Asia, Inc Others N. A. ` 305 Cr Limited Global Asia Partners LP Youth4Work Others N. A. ` 2.8 Cr Gaurav Sharma - Director, Yahoo Inc Ravi Gururaj - Aangel Investor RippleWave - Mumbai-based boutique Wegilant Net Solutions Pvt. Ltd IT/ITES N. A. ` 1 Cr investment firm

A group of impact investors and alumni Aakar Innovations Pvt. Ltd Manufacturing N. A. N. A. of IIT and IIM BrightVentures YouTellMe Media Private Limited Others N. A. ` 61 Lacs

Sequoia Capital India Locodel Solutions Pvt. Ltd Others N. A. N. A.

Undisclosed Uber Technologies, Inc Others N. A. ` 7320 Cr Sequoia Capital India TinyOwl Technology Pvt Ltd IT/ITES N. A. ` 18.3 Cr Nexus Venture Partners Highway Concessions One Private HCC Concessions Limited Infrastructure N. A. ` 64 Cr Limited Undisclosed Rabo Equity Advisors NBFC N. A. ` 610 Cr

Undisclosed SectorQube Others N. A. ` 80 lacs

Future Lifestyle Fashions Limited Mineral Manufacturing & Engineering 37% N. A. New Enterprise Associates Inksedge Infotech Private Limited Others N. A. ` 9.15 Cr Milliways Ventures Senapathy Gopalakrishnan Lookup Others N. A. ` 1 Cr Sachin Bansal and Binny Bansal - Flipkart founders. Ather Energy Pvt. Ltd. Manufacturing N. A. ` 6 Cr Raju Venkatraman - CEO of MEDALL

SoftBank Corp. InMobi Others N. A. ` 30.5 Cr

The Blackstone Group L.P. Gokaldas Exports Limited Manufacturing & Engineering N. A. ` 10.48 Cr

Exfinity RiverSilica Technologies PVT LTD Others N. A. ` 10 Cr

Sequoia Capital India Locodel Solutions Pvt. Ltd Others N. A. N. A.

Undisclosed SectorQube Others N. A. ` 80 lacs

Future Lifestyle Fashions Limited Mineral Manufacturing & Engineering 37% N. A.

23 Snapshot of PE/VC Updates for December 2014

Investor Target Sector Stake Cr.

Delyver Retail Network Private Limited Undisclosed Others N. A. ` 6.5 Cr DEG Creation Investments Capital Creation Investments Capital NBFC N. A. ` 325 Cr Management, LLC Management, LLC TPG Asia SF Pte Ltd Janalakshmi Financial Services Private NBFC N. A. N. A. Alpha TC Holdings Limited LoudCell Technologies Private Indian Angel Network Services Pvt. Ltd Others N. A. ` 5 Cr Limited VentureNursery’s Angels 1. Anirudh Damani 2. Amit and Arihant Patni, 3. Anand Ladsariya, 4. Vishal Maheshwari, FindURClass Services Pvt Limited Others N. A. ` 15 Cr 5. Samir Shah, 6. Krishna and Aditya Jhunjhunwala, 7. Nishant Raisoni 8. Nitin Agarwal

Temasek Capital Bajaj Corp Limited Manufacturing 8% ` 320 Cr Rajan Anandan - Google India chief Amit and Arihant Patni - Nirvana Venture founders Aureus Analytics Pvt. Ltd Others N. A. ` 5 Cr Arun Venkatachalam - Murugappa group’s scion Jungle Ventures Askabt Technology Pvt. Ltd IT/ITES N. A. ` 3 Cr

Indian Angel Network Services Pvt. Ltd. OMAK Technologies (Pvt) Ltd Others N. A. N. A.

SAIF Partners Qikwell Technologies India Pvt Others N. A. ` 18.3 Cr Arihant Patni - cofounder of Nirvana Venture Advisors, Jacob Kurian - partner at New Silk route Velvetcase Others N. A. ` 6 Cr Advisors Jerry Rao - former CEO of software company Blume Ventures RailYatri Others N. A. ` 3 Cr Sachin Bansal and Binny Bansal - Flipkart India founders Rajul Garg, Sanjay Singh, Manoj Agarwal - MadRat Games Pvt Ltd Others N. A. ` 6.1 Cr founders of IT outsourcing firm GlobalLogic

Mr. Vikram S. Pandit JM Financial Limited NBFC N. A. ` 540 Cr

SoftBank Corp. Locon Solutions Pvt Ltd Others N. A. N. A. Info Edge (India) Limited Zomato Media Pvt. Ltd Others N. A. ` 366 Cr Sequoia Capital India International Finance Corporation Tikona Digital Networks Pvt. Ltd. Others N. A. ` 274.5

BanyanTree Growth Capital Fund GPT Healthcare Private Limited Healthcare N. A. N. A.

Kohlberg Kravis Roberts & Co. L.P. Amtek Global Technologies Pte. Ltd NBFC N. A. ` 1787.3 Cr

Tiger Global Management, LLC Unicommerce Others N. A. ` 61 Cr

24 Snapshot of PE/VC Updates for December 2014

Investor Target Sector Stake Cr.

IL&FS Investment Managers Limited Undisclosed NBFC N. A. ` 176.29 Cr

Inventus Capital Partners SysCloud, Inc IT/ITES N. A. ` 15.25 Cr Kae Capital Kamal Kisan FlyBird Innovations VectorDoc Villgro Innovation Marketing Private ` 10 - 15 MicroX Labs Others N. A. Limited Lacs BEMPU SustainEarth SkillTrain Accel Partners HMS Infotech (P) Limited Others N. A. ` 10.98 Cr Saama Capital Urban Ladder Home Decor Solutions Tata Sons Limited Others N. A. N. A. Private Limited Urbanpotion Technologies Private Kalaari Capital Others N. A. N. A. Limited Blume Venture VoxPopClothing Others N. A. ` 6.1 Cr Simpli5d Technologies Private YourNest Angel Fund IT/ITES N. A. N. A. Limited

Unitus Seed Fund LLC BlowHorn Logistics N. A. N. A.

Nexus Venture Partners Arkin Net Inc IT/ITES N. A. ` 42.7 Cr Outbox Ventures Tripoto Others N. A. ` 2.44 Cr Palaash Ventures Mr. Rakesh Radheshyam Jhunjhunwala Financial Technologies (India) Limited NBFC N. A. ` 88.419 Cr Edelweiss Financial Services Limited,

PE/VC Deals November & December 2014

Shishir Bajaj Group sells 8% in FMCG co Bajaj Corp to Temasek for $52M (Stake 8 %) FindURClass Secures Seed Funding From Venture Nursery Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1974, Temasek Capital is the wholly owned direct investment arm of the VentureNursery’s Angels Singapore Government's Temasek Holdings, an investment holding company in AnirudhDamani Singapore. Temasek Capital seeks investment opportunities around the world and Amit and ArihantPatni, particularly focuses on traditional private equity opportunities, as well as mid-stage AnandLadsariya, technology and life sciences related investments. Vishal Maheshwari, Deal Participant – Target Samir Shah, Founded in 2006, Bajaj Corp Limited manufactures and sells hair oils and other Krishna and Aditya Jhunjhunwala, cosmetics products primarily in India. The company offers its hair oil products under NishantRaisoni various brands, including Bajaj Almond Drops Hair Oil, Bajaj BrahmiAmla Hair Oil, Bajaj Nitin Agarwal AmlaShikakai Hair Oil, Bajaj Jasmine Hair Oil, and Bajaj Kailash Parbat Thanda Tel. It Deal Participant – Target also offers skin care products comprising facial creams, face wash gels, soaps, and FindURClass Services Pvt Limited owns and operates an online search and discovery scrubs and face packs under Bajaj Nomarks brand name, as well as tooth powder. platform that helps students select a class. The site allows users to search and shortlist Deal Value classes based on interest, location, age and price. ` 320 Cr Deal Value ` 15 Mn

Equitas raises $53M led by DEG and impact investment firm Creations Community Chat Platform Scrollback Secures Funding From Jungle Ventures, Others Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1867, Establishments Delhaize Frères etCie ‘Le Lion’ (Groupe Delhaize) Jungle Ventures is a venture capital firm specializing in incubation, seed, startups, early- SociétéAnonyme, together with its subsidiaries, operates food supermarkets. It also stage, growth stage and startup investments. The firm seeks to invest in e-commerce, operates other store formats, including convenience, proximity, cash and carry, and consumer internet, SaaS, travel, lifestyle, content/digital media, digital marketing, specialty stores. In addition, the company sells its products to affiliated stores that are applications, cloud computing and big data. operated by independent third parties, as well as offers pet food, pet care products Founded in 2001, Business Angels Network South East Asia provides a platform for and services, and accessories for pets. entrepreneurs to articulate their investment proposal. It has network connections to Creation Investments Capital Management, LLC is a private equity and venture capital angel groups in China, India, Malaysia, Thailand, Europe, and the United States; and firm specializing in making investments in microfinance institutions, small-and- facilitates deals between its members and seed-stage startups. medium enterprise lenders, emerging market banks, BOP financial services providers, Deal Participant – Target and other social ventures with a focus on health care, agriculture, housing, clean Founded in 2012, Askabt Technology Pvt. Ltd. develops an online platform to manage water, renewable energy, and technology initiatives in emerging markets. real-time crowd sourced queries. Its product enables developers to change their API Deal Participant – Target key, administer, and administer the topics related to the site. The company’s product Founded in 2007, Equitas Holdings Private Limited, through its subsidiaries, provides also offers an admin portal; client-side integration, which include importing the script micro finance, used commercial vehicle finance, and housing finance services in India. and adding the buttons; and server-side integration. In addition, its product offers The company operates through Micro Finance, Other Finance, and Others segments. It businesses with a word-of-mouth multiplier that connects prospects visiting their is engaged in extending credit to people who are otherwise unable to access finance Website with various advocates-present customers from the mainstream banking channels. Deal Value Deal Value ` 3 Cr ` 325 Cr

B2C Online Delivery Startup Delyver.com Secures Funding Financial Analytics Startup Aureus Analytics Raises Angel Investment Deal Participant – Investor Fund Deal Participant – Investor Fund Undisclosed Rajan Anandan - Google India chief Deal Participant – Target Amit and Arihant Patni - Nirvana Venture founders Founded in 2010, Delyver Retail Network Private Limited operates a single window Arun Venkatachalam -Murugappa group’s scion interface that allows users to order products and services from local retailers. It Deal Participant – Target enables users to order products in various categories, such as medicine, beverages, Founded in 2013, Aureus Analytics Pvt. Ltd. provides big data analytics platform for home chefs, breakfast, restaurant food, ice creams, cakes, flowers, gifting, meat and understanding customers, business risks, and operational efficiencies in insurance, fish, vegetables and fruits, chocolates and sweets, service, essentials, grocery, dry banking, and healthcare sectors. It offers statistical and analytical platform that allows cleaning, and wellness. business users. Deal Value Deal Value ` 6.5 Cr ` 5 Cr

Microfinance firm Janalakshmi raises funding from TPG and existing investors Indian Angel Network Invests In Fuel Management Startup LoudCell Deal Participant – Investor Fund Deal Participant – Investor Fund TPG Asia SF Pte Ltd Founded in 2006, Indian Angel Network Services Pvt. Ltd. operates as a network of Alpha TC Holdings angel investors who invest in early stage businesses. The company’s members provide Deal Participant – Target investment, advice, and mentoring for agriculture, food processing, banking and Founded in 2006, Janalakshmi Financial Services Private Limited operates as a non- financial services, biotech, pharmaceuticals, and life sciences, education, healthcare, banking financial company in India. The company’s retail financial services include loan Internet, media, entertainment, retail, telecom, travel, tourism, and hospitality sectors. products comprising small batch, education, housing, auto rickshaw, nano, and build Deal Participant – Target up loans, as well as loans against property; and enterprise financial services comprise Founded in 2012, LoudCell Technologies Private Limited develops and electronic device long term business, and micro and small enterprises loans, as well as working capital which collect data on fuel usage in a diesel generator. loans and term loans. Deal Value Deal Value ` 5 Cr Undisclosed

PE/VC Deals November & December 2014

Indian Angel Network Backs Sri Lankan Tech Startup Omak Technologies Data backup solutions firm SysCloud raises $2.5M from Inventus, Kae Capital Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2006, Indian Angel Network Services Pvt. Ltd. operates as a network of Founded in 1993, Inventus Capital Partners is a venture capital firm specializing in early angel investors who invest in early stage businesses. The company’s members provide seed phase, seed-prime, series-A, startup, early stage, mid venture, and early-growth investment, advice, and mentoring for agriculture, food processing, banking and investments. The firm does not invest in capital intensive companies like financial services, biotech, pharmaceuticals, and life sciences, education, healthcare, semiconductor. Internet, media, entertainment, retail, telecom, travel, tourism, and hospitality Founded in 2011, Kae Capital is a venture capital firm specializing in seed, start up, pre- sectors. series A, and early stage investments. The firm is sector agnostic and is open to invest Deal Participant – Target any business, particularly with a focus on technology investments including mobile, e- Incorporated in 2010, OMAK Technologies (Pvt) Ltd. provides restaurant management commerce, education, healthcare, consumer internet. solutions and custom developed mobile applications. It offers V-Dine, a software as a Deal Participant – Target service based restaurant management system to minimize costs, unnecessary Founded in 2010, SysCloud, Inc. develops software solutions for data security and wastage, and mismanagement practices, as well as boosts sales, increases revenues, backup for businesses and educational institutions using Google Apps. It provides cloud and creates customer relationships. and on premise solutions for the protection and governance of Google Apps domains. Deal Value Deal Value Undisclosed $ 2.5 M

Ex Citi Chief Vikram Pandit Led Global Fund Invests In JM Financial's FCIS Softbank Invests In Property Search Portal Housing.com Consultancy Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1981, SoftBank Corp. operates in the information industry in Japan. It Mr. Vikram S. Pandit is a Co-Founder of Portman Square Capital LLP. Mr. Pandit served operates through four segments: Mobile Communications, Sprint, Fixed-line as the Chief Executive Officer of Citigroup Finance Canada Inc. since December 11, Telecommunications, and Internet. The Mobile Communications segment provides 2007. mobile communications services; produces and distributes online games for Deal Participant – Target smartphones and other devices; offers mobile broadband services; provides supply Founded in 1973, JM Financial Limited provides a range of financial products and chain solutions, handset protection and insurance, buy-back and trade-in services, services to public and private sector corporations, multinational corporations, omnichannel solutions, and financial services; and sells mobile devices financial institutions, institutional investors, high net-worth individuals, retail Deal Participant – Target investors, and market intermediaries in India. It operates through four segments: Founded in 2012, Locon Solutions Pvt Ltd owns and operates an online portal and offers Investment Banking and Securities Business, Fund Based Activities, Alternative Asset renting and buying of properties online. Management, and Asset Management. Deal Value Deal Value Undisclosed ` 540 Cr

Chennai Angels, Others Invest In Online Jewellery Marketplace Velvetcase Blume Ventures Backs Train Info Provider RailYatri Deal Participant – Investor Fund Deal Participant – Investor Fund Arihant Patni - cofounder of Nirvana Venture Advisors, Blume Ventures is a venture capital fund specializing in early-stage seed, start-ups, pre- Jacob Kurian - partner at New Silk route Advisors series A, and series B investments. The fund prefers to invest in technology ventures. Jerry Rao - former CEO of software company Deal Participant – Target Deal Participant – Target Seeded by Ujama Ventures, RailYatri is a mobile and web based portal offering rail Founded by Kapil Hematrsaria and Runit Shah, Velvetcase offers curated jewellery for travel-related information, including, live train status, platform locator and seat it users designed by designers including Payal Pratap and Bombay Atelier availability to its users. Deal Value Deal Value ` 6 Cr ` 3 Cr

SAIF Partners Leads Series A Investment In Healthcare Startup Qikwell Online Restaurant Guide Zomato Raises Fresh Funds From InfoEdge, Others Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2001, SAIF Partners is a private equity and venture capital firm specializing Founded in 1995, Info Edge (India) Limited operates as an on-line classifieds company in in incubation, seed, early-stage, late stage, and growth capital investments. The firm the areas of recruitment, matrimony, real estate, education, and related services in invests organically and through acquisitions. It may also invest in companies which are India and internationally. It provides recruitment solutions to job seekers and corporate undervalued relative to their long-term growth prospects and special situations. The customers through its Website naukri.com, as well as through naukrigulf.com in the firm prefers to invest in business services, education services, consumer products and Middle East. services, clean energy, Internet, information, technology, media, telecom, financial Founded in 2000, Sequoia Capital India is a venture capital firm specializing in services, natural resources, medical and healthcare, travel and tourism, investments in startup, seed, early, mid, late, expansion, public and growth stage manufacturing, retail, e-commerce, mobile value-added services and agricultural companies. The firm prefers to invest in the information technology companies with a sectors. focus on the emerging India-US cross border companies in the big data analytics, Deal Participant – Target enterprise software, and semiconductors sectors. It seeks to invest in the consumer Founded in 2011, Qikwell Technologies India Pvt Ltd. operates a patient relationship services, energy, financial services, infrastructure, healthcare services, internet, mobile platform that provides doctor appointments in Bengaluru, India. The company offers applications, outsourcing, wireless and technology sectors. information on doctors, live information on doctor's availability, online appointment Deal Participant – Target booking, instant appointment confirmation, delay/or schedule change notifications, Founded in 2008, Zomato Media Pvt. Ltd. operates a platform that lets users to discover and fair and transparent queuing system. It enables confirmed appointments with places to eat around them in India and internationally. Its platform allows users to find doctors in various specialties. the best restaurants nearby, see detailed restaurant information and scanned menus, Deal Value discover restaurants according to their mood, follow foodies for trusted reviews, create $ 3 Mn their own personal food diary, and share their gastronomic journey with their friends. Deal Value $ 60 Mn

PE/VC Deals November & December 2014

Broadband services provider Tikona raises $45M from IFC, existing investors BanyanTree invests in Kolkata’s hospital firm GTP Healthcare Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1956,International Finance Corporation is a private equity and venture BanyanTree Growth Capital Fund specializes in private equity, venture capital, growth capital arm of World Bank specializing in both direct and fund investments. It seeks to capital, and mezzanine investments in middle market and small and medium-sized invest in early stage companies. enterprises. It seeks to make structured investments in the neglected sectors or themes Deal Participant – Target with a focus on manufacturing and industrial businesses. The fund prefers to invest in Founded in 2008 by Mr.Prakash Bajpai, Tikona Digital Networks Pvt. Ltd. provides Asia Pacific with a focus on India. wireless broadband products and solutions to home, enterprise, and service provider Deal Participant – Target customers in India. It offers Internet leased line, value Internet leased line, secured GPT Healthcare Private Limited owns and operates a chain of multi-specialty hospitals office/campus Wi-Fi, secured boardroom Internet, and cloud HD video conferencing under the name ILS Hospitals in Kolkata and Agartala, India. It offers consultations, services for offices; and remote access to home networks for Web hosting, virtual surgeries, and diagnostics for outpatient and inpatients across medical specialties. private network, surveillance, and home automation applications. Deal Value Deal Value Undisclosed $ 45 Mn

Amtek's Overseas Unit Raises Funds From KKR Tiger Global Invests In SaaS Based Warehousing Solutions Firm Unicommerce Deal Participant – Investor Fund Deal Participant – Investor Fund Kohlberg Kravis Roberts & Co. L.P. is a private equity and real estate investment firm Founded in 2001, Tiger Global Management, LLC is an employee owned hedge fund specializing in direct and fund of fund investments. It specializes in acquisitions, sponsor. It provides its services to pooled investment vehicles. The firm launches and leveraged buyouts, management buyouts, credit special situations, growth equity, manages hedge funds for its clients. It invests in the public equity markets across the mature, mezzanine, distressed, and middle market investments. globe. Deal Participant – Target Deal Participant – Target Amtek Global Technologies Pte. Ltd. is a debt issuing vehicle. The company was Founded in 2012, Unicommerce is Online Multi Channel Order Fulfillment Platform incorporated in 2013 and is based in Singapore. Amtek Global Technologies Pte. Ltd. which enables E-commerce merchants of all sizes to sell more. The company’s services operates as a subsidiary of Amtek Auto Ltd. are used by big e-commerce marketplaces like Jabong, Snapdeal, Lazada as well as Deal Value hundreds of online Sellers. $ 293 M Deal Value $ 10 M

IL&FS PE clocked exits worth $29M in Q2 Wearable Processor Maker Ineda Secures Funding From Cisco Investments Deal Participant – Exit Fund Deal Participant – Investor Fund Founded in 1989, IL&FS Investment Managers Limited is the private equity, venture Founded in 1984, Cisco Investments is an investment arm of Cisco Systems, Inc. capital, and real estate investment arm of Infrastructure Leasing & Financial Services specializing in direct and fund of funds investments. Within venture capital investments, Limited. The firm specializes in seed capital, late venture, growth capital, expansions, it focuses on start-ups, early stage companies, later stage and even pre-IPO companies. middle market, restructuring, recapitalizations, buyouts investments, and real estate Deal Participant – Target investments in high-growth real estate assets. Founded in 2010, Ineda Systems Private Limited develops mobile computing platforms Deal Participant – Target including systems on chips (SOC) integrated circuits and software. Ineda Systems Private Undisclosed Limited is based in Hyderabad, India. Deal Value Deal Value $ 28.9 M $ 2 M

Offline Games Startup Madrat Secures Funding From Flipkart Founders, Others NLP Captcha Secures Investment From YourNest Angel Deal Participant – Investor Fund Deal Participant – Investor Fund Sachin Bansal and Binny Bansal -Flipkart India founders Founded in 2011, specializes in incubation, angel, early, and start up stage investments Rajul Garg, Sanjay Singh, Manoj Agarwal - founders of IT outsourcing firm Global Logic including angel and pre-series A investments. It invests across sectors with a focus on Deal Participant – Target marketing services, financial services, technology solutions, telecom solutions, Founded in 2008, MadRat Games Pvt Ltd. provides Indian language board games. It education, healthcare, hospitality, e-commerce, software offers ChotuAksharit, a Hindi word game for children below 10 yrs; Aksharit , a Hindi Deal Participant – Target word game for adults and children above 8 yrs; and MyToyFactory, an entertaining Founded in 2012, Simpli5d Technologies Private Limited develops digital product, and eco-friendly concept where children make a play area and play environment using provides service of digital branding through digital advertisements, and it has everyday material like straws, ice-cream sticks, and newspapers. specialized in Security against spamming. Deal Value Deal Value $ 1 Mn Undisclosed

Property management system for hotels Hotelogix gets $1.8M from Accel, Saama Online Marketplace For Digital Content Instamojo Raises Series A From Kalaari Capital Capital, Others Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1983, Accel Partners is a private equity and venture capital firm Founded in 2006, Kalaari Capital is a venture capital firm specializing in early stage, mid- specializing in investments in incubation, seed, start-ups, early venture, mid venture, stage, late venture, and seed/ start-up investments. It seeks to make Series A and Series late venture, emerging growth, later stage, and growth capital companies. B investments. It typically provides initial capital to be utilized for customer acquisition, Founded in 2006, Saama Capital Management, Ltd. is a venture capital firm market validation, product development, and hiring. The firm seeks to invest in specializing in investments in mobile, internet, IT services, financial services, technology savvy companies and technology-enabled services for India and the global healthcare, education, retail and food & beverages sectors in India. markets. Deal Participant – Target Deal Participant – Target HMS Infotech (P) Limited provides enterprise hotel solutions. It offers Hotelogix, a Founded in 2012, Urbanpotion Technologies Private Limited develops a semantic software as a service multi-property system that enables users to add hotel properties platform to facilitate the peer to peer transactions of stuff. It offers Instamojo, a from their existing account on the system from hotel profile in admin console; allows platform that is used by folks to give away their stuff (physical stuff and time by sharing direct credit card settlements with integration to various payment gateways; and event) to someone who needs them. The company was incorporated in 2012 and is features travel agent and corporate consoles that allow properties to conduct based in Mumbai, India. business independently with their own agents and the corporate on special Deal Value negotiated rates. Undisclosed Deal Value $ 1.8 M 28

PE/VC Deals November & December 2014

Online Community For Travellers Tripoto Secures Seed Investment Data centre solutions firm Arkin Net raises $7M from Nexus, Others Deal Participant – Investor Fund Deal Participant – Investor Fund Outbox Ventures is a New Delhi-based investment firm that specializes in seed funding Founded in 2006, Nexus Venture Partners is a venture capital firm specializing in start- and early-stage support for startups in India. ups, early stage, and early growth stage investments. It focuses on investments in Palaash Ventures is a sector agnostic investment fund floated by some veterans of sectors such as technology, consumer and business services, media, energy, media industry. Palaash’s investment objective is to fund such opportunities which are agribusiness, outsourced services, Internet, rural sector, cloud, storage, infrastructure, backed by a robust team, ideas which are innovative, disruptive and have the big data analytics, data security, and mobile. potential to be highly scalable. Deal Participant – Target Deal Participant – Target Founded in 2013, Arkin Net Inc. develops a multi-vendor software-defined networking Founded in 2013, Tripoto is a social platform to share and discover amazing travel operations platform for enterprises that simplifies their software-defined datacenter experiences , which lets the users to share photos, locations, videos . operations. Deal Value Deal Value $ 400 K $ 7 M

Ratan Tata Invests In Furniture E-Tailer Urban Ladder Last Mile Logistics Startup Blowhorn Secures Investment From Unitus Seed Fund Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1868, Tata Sons Limited, through its subsidiaries, engages in the Unitus Seed Fund LLC is a venture capital arm of Unitus Labs, specializing in early stage, businesses of communications and information technology, engineering, materials, growth capital seed, and start up investments. It does not invest in pure debt services, energy, consumer products, and chemicals in India and internationally. instruments in India. The firm invests in companies which can provide significant Deal Participant – Target benefits to the base of the economic pyramid (BOP) population. Urban Ladder Home Decor Solutions Private Limited, founded in 2012; operates an Deal Participant – Target online furniture store in India. BlowHorn operates in the intra-city logistics space. They provide on-demanding logistics Deal Value for moving consumers’ goods. Undisclosed Deal Value Undisclosed

VoxPop Clothing Raises Funding From Blume Ventures Google India Head Rajan Anandan, Others Invest In Lifestyle Fashion Blog POPxo Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2010, Blume Venture Advisors is a venture capital firm specializing in Founded in 1998, Google Inc., a technology company, builds products and provides early-stage seed, start-ups, pre-series A, series B, and late stage investments. The firm services to organize the information. The company offers Google Search, Google+, prefers to invest in 80 percent in technology ventures including internet and software Android OS, Google Play, Nexus Devices etc. sectors, data infrastructure, biotechnology, mobile application, telecommunications The Chennai Angels is a venture capital firm specializing in early stage companies. equipment, media, consumer internet, research and development, mobile, and 20 Deal Participant – Target percent in alternative technology sector including clean technology and robotics.. POPxo is a lifestyle Fashion blog , which is a content sharing platform for south asian Deal Participant – Target women. It also provides brands with customized content posts, execute fun contests, VoxPop Clothing is an online market place which offers limited edition T-shirts of host exclusive events, run social media campaigns or create content for clients’ brand brands and themes. Customers can find merchandise of their favourite icons, website. characters and stories directly from the Vox Pop site. Deal Value Deal Value ` 30 M $ 1 M

Nazara Technologies Leads Series A Round In Social Gaming Startup HashCube Forum Synergies, Others Invest In Ethnic Fashion Portal CBazaar Deal Participant – Investor Fund Deal Participant – Investor Fund AH Ventures is a venture capital arm of Adams, Harkness & Hill specializing in early to Founded in 2007, Forum Synergies (India) PE Fund Managers Private Limited is a private mid stage investments. It seeks to invest in software, technology manufacturing equity and venture capital firm specializing in investments in growth and expansion solutions, semiconductors, technology services, and resource optimization stages. It prefers to invest in healthcare; automotive, auto Components, electronic technologies. hardware, electrical equipment, chemical engineering, medical devices, Founded in 2006, Indian Angel Network Services Pvt. Ltd. operates as a network of pharmaceutical, biotechnology, information and communication technology; angel investors who invest in early stage businesses. The company’s members provide engineering including related manufacturing and services; and clean technology. investment, advice, and mentoring for agriculture, food processing, banking and Founded in 1993, Inventus Capital Partners is a venture capital firm specializing in early financial services, biotech, pharmaceuticals, and life sciences, education, healthcare, seed phase, seed-prime, series-A, startup, early stage, mid venture, and early-growth Internet, media, entertainment, retail, telecom, travel, tourism, and hospitality investments. The firm does not invest in capital intensive companies like sectors. semiconductor. Founded in 2010, Blume Venture Advisors is a venture capital firm specializing in Ojas Venture Partners is a venture capital firm specializing in early stage and seed stage early-stage seed, start-ups, pre-series A, series B, and late stage investments. investments. It also considers investment in pure idea stage/pre-prototype stage. The Deal Participant – Target firm also provides scale stage funding. Nazara Technologies Pvt., Ltd. operates as a mobile entertainment company that Deal Participant – Target develops branded and original mobile content. It offers mobile games and Founded in 2001, Net Avenue Technologies (P) Ltd. operates an online retail store for applications, as well as multimedia solutions, including various themes and Indian ethnic clothing that sells ready-to-wear and custom made outfits for men, wallpapers. women, and kids. Deal Value Deal Value $ 700 K ` 300-500 Mn

PE/VC Deals November & December 2014

Existing investors commit $60M to Paytm parent One97 Communications’ fresh GoQii Founder Vishal Gondal Backs Artist Raghava KK's Flipsicle funding Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2000, GOQii is dedicated to enabling a permanent shift to a healthier Founded in 2001, SAIF Partners is a private equity and venture capital firm specializing lifestyle with the combination of advanced wearable technology, the world’s leading in incubation, seed, early-stage, late stage, and growth capital investments. The firm experts, coaches and karma. GOQii focuses on sustained engagement & goal invests organically and through acquisitions. It may also invest in companies which are reinforcement and offers a complete ecosystem as a single integrated solution, which is undervalued relative to their long-term growth prospects and special situations. The a powerful combination of technology and human connection. firm prefers to invest in business services, education services, consumer products and Kleiner Perkins Caufield& Byers is a venture capital firm specializing in investments in services, clean energy, Internet, information, technology, media, telecom, financial incubation, seed stage, early stage, growth capital, expansion capital, and later stage services, natural resources, medical and healthcare, travel and tourism, companies. manufacturing, retail, e-commerce, mobile value-added services and agricultural Founded in 2009, WhatsApp Inc. provides a cross-platform mobile messaging sectors. application that allows a client to exchange messages without having to pay for short Deal Participant – Target messaging service (SMS). The company was founded in 2009 and is based in Santa Founded in 2000, One97 Communications Limited provides telecommunications value Clara, California. As of October 6, 2014, WhatsApp Inc. operates as a subsidiary of added services to telecom service providers, consumers, and enterprises in India, Facebook. Afghanistan, Nigeria, and Bangladesh. Deal Participant – Target Deal Value Flipsicle Inc. develops social networking software for mobile phones. The company is $ 60 M based in New York, New York. Deal Value $ 2 Mn

Rajasthan Angel Network Backs Three Jaipur Startups - Blue Box Media, Locus Kalaari Capital Leads Series A Round In Accomodation Listing Portal GrabHouse Transit, Kidswids Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2006, Kalaari Capital is a venture capital firm specializing in early stage, mid- Rajasthan Angel Investor Network (RAIN) is a group of Angel investors in Jaipur stage, late venture, and seed/ start-up investments. It seeks to make Series A and Series interested in investing in early stage businesses, which have a potential to create B investments. It typically provides initial capital to be utilized for customer acquisition, scale. market validation, product development, and hiring. Deal Participant – Target India Quotient is a venture capital firm specializing in early stage, pre-revenue start-ups, Founded in 2014, BlueBox Media founded by Deepanshu Khandelwal and Pawas Jain, and growth capital investments. The firm focuses on investments in B2C companies in runs two portals Tech Portal, an IT news reporting, analysis and reviews website, and the following sectors: internet and mobile; fashion; lifestyle; consumer finance; SpringTide, an portal for voicing opinions on ongoing concerns in the country. technology-oriented businesses in the healthcare and education segments; financial Locus Transit offers an app and web based service called ChalogeKya, aimed at making services; food and travel; and consumer discretionary. travel comfortable in Jaipur. Deal Participant – Target Kidswids, a unit of 3D-printing company MakerKart, offers customized and Cryptopy Technologies Pvt Ltd. operates an online portal that enables to find flats for personalized items for children in the age group 0-7 years. rent, and roommates. The company was incorporated in 2013 and is based in Mumbai, Deal Value India. Undisclosed Deal Value $ 2 M

Mobile dating venture Vee raises $1M in pre-Series A funding from Lightspeed Affiliate Marketing Firm 3.14Digital Leads Investment In Education Portal Deal Participant – Investor Fund CollegeDunia Founded in 1971, Lightspeed Venture Partners is a venture capital firm specializing in Deal Participant – Investor Fund seed, early stage, later stage, expansion stage, start-up, growth companies, and 3.14 Digital is an innovative performance marketing firm working closely with clients in incubation. The firm also specializes in debt financing for start-up and growth lowering their eventual Customer Acquisition Costs. companies. Deal Participant – Target Deal Participant – Target Founded in 2013, Collegedunia Web Pvt. Ltd. operates a Website for students, parents, Founded in 2014, GetVee Technologies Private Limited designs and develops mobile and education industry players who are seeking information on the higher education dating application. sector in India and abroad. Deal Value Deal Value $ 1 M ` 10 M

Kochi-based SectorQube raises under $50K in crowdfunding for smart microwave Test prep site Testbook raises under $250K from LetsVenture, ah! Ventures, others oven Deal Participant – Investor Fund Deal Participant – Investor Fund AH Ventures is a venture capital arm of Adams, Harkness& Hill specializing in early to Founded in 2009, Kickstarter, Inc. operates as a funding platform for creative projects. mid stage investments. It seeks to invest in software, technology manufacturing Its platform helps people to fund various projects that include films, games, music, art, solutions, semiconductors, technology services, and resource optimization design, comics, dance, fashion, video, food, photography, publishing, theatre, and technologies. technology. Let’sVenture enables startups looking to raise seed / angel money to create investment Deal Participant – Target ready profiles online, and connect to accredited Investors. SectorQube Technolabs Pvt. Ltd works in the domain of electronics with the concept - Deal Participant – Target Android beyond Apps. The company intends to take Android out of the smartphones Testbook is committed to bring one stop personalized learning experience to students and plant it in electronics so that more can benefit from the power and versatility of around the world through its innovative software and quality content. They currently Android. provide courses for engineering and banking entrance exams like GATE, SBI PO, SBI Deal Value Clerk etc. $ 48 K Deal Value ` 15 M

PE/VC Deals November & December 2014

GIC part-exits Edelweiss for $11M, promoter Rashesh Shah buys bulk of the shares Xiaomi raises $1.1B from All-Stars, DST Global, GIC & others at $45B valuation Deal Participant – Exit Fund Deal Participant – Investor Fund Founded in 1981, GIC Pte. Ltd., formerly known as Government of Singapore DST Global is an investment arm of Mail.ru Group specializing in private equity and Investment Corporation Pte Ltd., is a sovereign wealth fund of the Government of venture capital investments in late venture and later stage stages. It prefers to invest in Singapore. The firm manages foreign exchange reserves of the Government of internet retail, technology, and online services. Singapore. It invests in the public and private equity with a focus on health care, Founded in 2010 by Mr. Feng Yu, Yunfeng Capital is a private equity and venture capital financial and business services as well as natural resources, real estate, fixed income, firm specializing in early stage. It seeks to make investments in the field of Internet, and alternative markets including foreign exchange, commodity, and money markets culture, consumer goods and products, information technology, mass media, across the globe. technology, media and telecommunications (TMT), healthcare, environment, clean Deal Participant – Target energy, and alternative energy. Founded in 1995, Edelweiss Financial Services Limited, through its subsidiaries, Deal Participant – Target provides various financial services to corporate, institutional, and individual clients in Founded in 2010 by Mr. Jun Lei, Xiaomi Inc. manufactures and distributes mobile India and internationally. The company operates through Agency Business, Capital phones and consumer electronics. The company also develops mobile applications. Its Based Business, and Life Insurance segments. It offers investment banking services, products include Redmi, an Android-based smartphone; MIUI ROM, a customizable such as private equity, and mergers and acquisitions advisory, debt syndication, and ROM; MiTalk, a messaging application; Mi TV, a 3D television; and MiBox, a set-top box. equity and debt capital market services; and institutional brokerage services, including Xiaomi Inc institutional equities and prime brokerage services, as well as perspective, corporate, Deal Value and alternative and quantitative research services. $ 1.1 Bn Deal Value ` 71 Cr

E-com portal for medicines and medical products BookMEDS raises $100K in seed Instant messaging app Yup! raises $500K in seed funding, looking to raise $10M in funding Series A Deal Participant – Investor Fund Deal Participant – Investor Fund Fabella is an investment firm that aims to help early-stage startups with funding, Arun Khanna - chairman of Olive Telecom advisory, market knowledge and ideas. Angel investor - Harsh Khanna, a top executive of Yup Deal Participant – Target Deal Participant – Target BookMEDS is an online platform that enables customers to order prescriptive and Nucleus Software Solutions Pte Ltd engages in developing, producing, and dealing in non-prescriptive medicines, in addition to surgical & medical products. The startup has software systems in Singapore. It also provides support and technical advisory, and partnered with local pharmacies, which provide medicines & surgical products. consultancy services. Deal Value Deal Value ` 63 lacs ` 3 Cr

ReTiSense raises under $20K in crowdfunding for fitness-tracking device Stridalyzer Food Delivery Startup SpoonJoy Secures Angel Investment Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2009, Kickstarter, Inc. operates as a funding platform for creative projects. Sachin Bansal - Co-Founder Flipkart Its platform helps people to fund various projects that include films, games, music, art, Mekin Maheshwari - CPO Flipkart design, comics, dance, fashion, video, food, photography, publishing, theater, and Abhishek Goyal - Founder, Tracxn technology. Sahil Barua - Co-Founder, Delhivery Deal Participant – Target Deal Participant – Target Founded in 2014, ReTiSense builds products that help us to understand the world - Led by Manish Jethani, SpoonJoy offers subscription service for delivering the food of through sensing technologies, analytics and visualization platforms that learn from our user’s choice at their office or home. The choices offered by SpoonJoy include Fruit environment. boxes, sprouts, lunch and snacks. Deal Value Deal Value ` 12.6 lacs Undisclosed

Online education startup SuperProfs.com raises $3M in Series A from Kalaari, IDG PremjiInvest Backs Future Group's Promoter Entity Ventures Deal Participant – Investor Fund Deal Participant – Investor Fund PremjiInvest is a family office specializing in private equity and venture capital Founded in 2006, Kalaari Capital is a venture capital firm specializing in early stage, investments. In venture capital, it invests in growth capital. The firm seeks to invest in mid-stage, late venture, and seed/ start-up investments. It seeks to make Series A and technology companies. Series B investments. It typically provides initial capital to be utilized for customer Deal Participant – Target acquisition, market validation, product development, and hiring. The firm seeks to Founded in 1987 by Kishore Laxminarayan Biyani, Future Group, though its subsidiaries, invest in technology savvy companies and technology-enabled services for India and owns and operates multi branded retail outlets. The company’s retail chains include the global markets. department stores, outlet stores, sportswear, home improvement and consumer Founded in 2006, IDG Ventures India is a venture capital firm specializing in startup, durables, supermarket, and convenience stores; and food parks. It offers life and non- early stage and growth stage and expansion stage companies. The firm typically life insurance services and products; supply chain and logistics service to large invests in technology companies in following sectors: digital consumer; enterprise corporates in food and FMCG; apparels, footwear, and accessories; consumer software; engineering; engineering design and manufacturing; outsourced services; electronics and hi-tech; automotive; and pharmacy and light engineering domain. electronics and hi-tech manufacturing; semiconductors; telecom infrastructure; retail Deal Value financial services; and other emerging technology-enabled sectors. ` 175 Cr Deal Participant – Target Founded in 2010, Aurus Network Infotech Private Limited operates a platform for interactive Webcasting, virtual classroom, and lecture capture in India. It offers a Virtual Classroom and Lecture Capture system that enables to capture and stream class lectures live over the Internet through an interface viewable by students registered for course on a computer or their mobile device. Deal Value ` 18 Cr

PE/VC Deals November & December 2014

BlueHill Asset Management Backs Mobile VAS Firm Triotech Solutions SkillPro Raises Funds From National Skill Development Corporation Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2013, Bluehill Asset Management offers services for project financing, NSDC provides funding to build scalable, for-profit vocational training initiatives. Its venture capital and private equity investments. mandate is also to enable support systems such as quality assurance, information Deal Participant – Target systems and train the trainer academies either directly or through partnerships. Founded in 1958, Trio-Tech International, together with its subsidiaries, engages in Deal Participant – Target testing, manufacturing, and distributing services of semiconductor equipment. The Promoted by a group of development professionals, SkillPro Foundation focuses on the company’s Testing Services segment provides test services, such as stabilization bake, issues in sectors like Livelihoods, Education, and Natural Resource Management in rural thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and urban areas. Developing various monitoring and evaluation frameworks, and fine leak tests, electrical testing, microprocessor equipment contract cleaning, conducting impact assessment of various developmental projects etc across the static and dynamic burn-in tests, reliability lab, and vibration testing services. development spectrum are few of the key activities identified by SkillPro. Deal Value Deal Value ` 19 Cr ` 18.3 Cr

Utkarsh MFI Secures Funding From Lok Capital, CDC Group SaaS DIY Ecommerce Portal Zepo Secures Funding Deal Participant – Investor Fund Deal Participant – Investor Fund Lok Capital Group is a private equity and venture capital arm of Lok Foundation Anupam Mittal - CEO of People Group specializing in bottom-of-pyramid customer segment investments. The firm seeks to Founded in 2010, One97 Mobility Fund is a fund of One97 Communications Limited, facilitate affordable financial services to low income households. Investment Arm and SAIF Partners specializing in investments in start-up, seed, early, Founded in 1948, CDC Group plc is an investment firm specializing equity, mezzanine, and growth stage companies. The fund primarily invests in technology companies. debt and guarantees, both, directly and through fund of fund investments and Within technology companies, it focuses on the mobile space, including companies intermediaries. It invests in businesses of all sizes. Within fund of fund, it seeks to which provide mobile value-added services and leverage mobile as a key delivery invest in expansion capital, early stage, and venture capital funds. medium for customers and enterprises, like device apps, location based services, m- Deal Participant – Target Commerce, video, and content aggregation. Founded in 1990, Utkarsh Micro Finance Private Limited, a non-banking financial Deal Participant – Target company, provides financial and non-financial services in India. The company offers Founded in 2011, Zepo Technologies Pvt. Ltd. provides e-commerce solution that helps group loans and micro enterprise loans, as well as insurance products. It also provides entrepreneurs set up their own online stores. pension services. Deal Value Deal Value Undisclosed $ 21 Mn

Unitus Seed Fund Backs Two Edu-Startups Curiositi, Cue Learn Chinese handset maker Xiaomi invests over $200M in home appliances maker Midea Deal Participant – Investor Fund Deal Participant – Investor Fund Unitus Seed Fund LLC is a venture capital arm of Unitus Labs, specializing in early Founded in 2010 by Mr. Jun Lei, Xiaomi Inc. manufactures and distributes mobile stage, growth capital seed, and start up investments. It does not invest in pure debt phones and consumer electronics. The company also develops mobile applications. Its instruments in India. The firm invests in companies which can provide significant products include Redmi, an Android-based smartphone; MIUI ROM, a customizable benefits to the base of the economic pyramid (BOP) population. It typically invests in a ROM; MiTalk, a messaging application; Mi TV, a 3D television; and MiBox, a set-top box. wide range of business sectors including livelihoods, education, agriculture, Xiaomi Inc healthcare, technology for development, basic necessities, healthcare sanitation, Deal Participant – Target ecosystem, clean energy, innovative technologies, mobile, rural distribution. Founded in 1968, Midea Group Co., Ltd., together with its subsidiaries, manufactures Deal Participant – Target and sells consumer appliances and air conditioning (AC) systems worldwide. It offers Founded in 2011, Cue Learn Pvt. Ltd. offers a worksheet-cum-technology based after- split, portable, and dehumidifier residential ACs; and cassette, duct, ceiling and floor, school learning program for K12 (school) Mathematics. It offers Cuemath, a learning console, floor standing, FCU, AHU, split, rooftop packaged, chiller, and VRF commercial system that focuses on cementing basic Mathematics concepts; developing English AC’s, as well as heat pump solutions. The company provides single door, 3+ door, side comprehension skills through various creative math word problems; building the by side, and top mount refrigerators, as well as bottom freezers, wine coolers, and abilities of mathematical reasoning, and deductive logic and general lateral thinking; others; laundry products comprising washing machines and dryers; kitchen appliance and training for mental calculations. products. Deal Value Deal Value Undisclosed $ 200 Mn

JLL Segregated Funds Part Exits Assetz Property's Bengaluru Project Goldman Sachs Invests In Vatika Hotels Deal Participant – Exit Fund Deal Participant – Investor Fund Founded in 1997, Jones Lang LaSalle Incorporated, a financial and professional Founded in 1869, The Goldman Sachs Group, Inc. provides investment banking, services company, provides commercial real estate and investment management securities, and investment management services to corporations, financial institutions, services worldwide. It offers corporate capital market, corporate finance, consulting, governments, and high-net-worth individuals worldwide. It operates through four energy and sustainability, property and facilities management, lease administration, segments: Investment Banking, Institutional Client Services, Investing & Lending, and project and development management, tenant representation, transaction Investment Management. The Investment Banking segment offers financial advisory management, and workplace strategy services for companies and institutions; and services, including strategic advisory assignments with respect to mergers and agency leasing, capital market, consulting, energy and sustainability, investment acquisitions, divestitures, corporate defense, risk management, and restructurings and management/merchant banking, project and development, property and asset spin-offs; and underwriting services, such as public offerings and private placements of management, value recovery and receivership, logistics and supply chain a range of securities, and other financial instruments, and derivative transactions. management, and valuation and advisory services for investors and developers. Deal Participant – Target Deal Participant – Target Founded in 1986, Vatika Limited develops, markets, and leases real estate properties. Founded in 2006, Assetz Property Services Pvt Ltd. provides property development Its portfolio of properties includes residential properties such as luxury group housing, services in India. The company engages in developing and delivering real estate commercial spaces, retail spaces, business centers, education facilities, and hospitality projects from land identification and inception design, construction, financing, facilities such as hotels and restaurants in India. The company was formerly known as marketing, final occupation, and asset management. It also offers management Vatika Land Base Pvt. Ltd. services, including acquisition and disposition coordination, marketing and leasing, Deal Value tenant relations, financial analysis and management, facility maintenance, energy ` 225 Cr management, and parking and security; and private equity placements and debt placements services for real estate projects. Deal Value Undisclosed 32

PE/VC Deals November & December 2014

Flipkart raises $700M from Steadview, Qatar Investment Authority & existing Home Decor E-tailer LivSpace Raises Funding From Helion Ventures, Others investors Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2006, Helion Venture Partners, LLC is a venture capital firm specializing in Founded in 2005, Qatar Investment Authority is a sovereign wealth fund of the investments in early, mid, and late stage. The firm also selectively invests in seed stages. Government of Qatar specializing in public equity, fixed income, private equity, It invests in high growth technology powered businesses with a focus on enterprise startups, real estate, and alternative assets. The firm also makes fund of funds software, software-as-a-service (SaaS) hosted on cloud, premise-based software, investments across the globe. It does not invest in the Qatar energy sector. The firm mobile, Internet, internet services, technology products, and outsourcing sectors. invests in companies operating across diversified sectors. Founded in 1911, Bessemer Venture Partners is a venture capital firm specializing in Steadview Capital Management LLC is a hedge fund based in Wan Chai, Hong Kong. investments in seed stage, early stage, start-up companies, early venture, hyper-growth Founded in 1908, Baillie Gifford & Co. is an employee owned investment manager. startups, late venture, emerging growth, and growth capital. The firm primarily provides its services to investment companies, pension funds, Jungle Ventures is a venture capital firm specializing in incubation, seed, startups, early- pension and profit sharing plans, charitable organizations, state or municipal stage, growth stage and startup investments. The firm seeks to invest in e-commerce, government entities, and family offices. consumer internet, SaaS, travel, lifestyle, content/digital media, digital marketing, Deal Participant – Target applications, cloud computing, big data. Founded in 2007, Flipkart Online Services Pvt. Ltd. operates an online shopping Deal Participant – Target Website in India. It provides books, movies, music, games, consoles, gaming Founded in 2012, Home Interior Designs E-Commerce Pvt Ltd. provides an online accessories, mobiles, mobile accessories, cameras, camera accessories, computers, shopping platform for home decoration products. It enables users to buy sofas, chairs computer accessories, network components, software, peripherals, home and kitchen and benches, tables, wardrobes, beds, dining tables, AV units, modular kitchens, coffee appliances, TV and video products, and personal and health care products. tables, living room furniture, occasional tables, storage furniture, home entertainment Deal Value furniture, entrance furniture, sleeping furniture, and beds. $ 700 Mn Deal Value ` 29 Cr

I3N Invests In Clean Energy Startup Banyan Green Fuels Contrarian Vridhhi Leads Investment In BookMyCab Deal Participant – Investor Fund Deal Participant – Investor Fund The Intellecap Impact Investment Network (I3N) is an angel network facilitating Contrarian Drishti Partners, fund manager of Contrarian Vriddhi, was founded in April investments into early stage for-profit enterprises in the sectors of Agriculture, Clean 2013 by Somak Ghosh, a professional banker for over twenty years and one of 3 Energy, Education, Financial Services, Healthcare, and Water & Sanitation. professional Co-Founders of Yes Bank. Deal Participant – Target Deal Participant – Target Banyan Green Fuels, founded by Nityanand Agrawal, is in the business of collecting BookMyCab founded by Avinash Gupta provides taxi booking services and offers local and processing agricultural waste, and supplying this processed waste to large travel – point to point, airport transfer and railway station transfer using metered cabs. corporations to meet their green fuel energy requirements. Deal Value Deal Value Undisclosed ` 1 Cr

Canada Pension Plan Investment Board invests $157M in L&T unit Sixth Sense Ventures Invests In Luxury Watch Retailer Ethos Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1997, Canada Pension Plan Investment Board is a state owned pension Sixth Sense Ventures is a venture capital firm specializing in growth capital investments. fund sponsor. The firm invests in the public equity, fixed income, and alternative It invests in consumer ancillary and digital media sectors. markets across the globe. It employs quantitative and fundamental analysis to create Deal Participant – Target its portfolio. The firm also invests in private equity, real estate and infrastructure Founded in 2003, Ethos Limited owns and operates a chain of watch boutiques in India. projects, and energy and natural resources. The company sells watches, mobiles, and watch winders. It also operates repair and Deal Participant – Target service centers to provide battery checking and replacement, strap and bracelet Founded in 2001, L&T Infrastructure Development Projects Limited is engaged in the replacement, bracelet link removal and adjustment, ultrasonic cleaning, watch development of infrastructure projects in India. It is engaged in the construction of maintenance, buffing and polishing, de-magnetization, water-resistance checking, roads and bridges, ports, metro rail projects, and transmission lines, as well as projects restoration, and other services. for water and railways sectors. The company is also involved in the generation of wind Deal Value power. Undisclosed Deal Value ` 1,000 Cr

Mumbai Angels Backs SaaS Based Omni channel Solutions Startup PrimaSeller Granite Hill Capital, Others Invest In The Beer Café Deal Participant – Investor Fund Deal Participant – Investor Fund Aniruddha Malpani Granite Hill Capital Partners, LLC is a venture capital firm specializing in investments in Kishore Kanji growth capital and mid stage companies. It seeks to invest in financial services, retail, Deal Participant – Target technology, life sciences, and sustainability sectors. Founded in 2013, Omnichanneler Technologies Private Limited offers SaaS based Deal Participant – Target order fulfillment Web platform. Founded in 2007, BTB Marketing Pvt. Ltd. operates and manages quick service Deal Value restaurants. Undisclosed Deal Value ` 30 Cr

PE/VC Deals November & December 2014

Ratan Tata Invests In Affordable Healthcare Services Startup Swasth India SAIF Partners Invests In Used Cars Marketplace Zoomo Deal Participant – Investor Fund Deal Participant – Investor Fund Mr. Ratan N. Tata serves as Chief Advisor of AirAsia India at AirAsia Berhad. Mr. Tata Founded in 2001, SAIF Partners is a private equity and venture capital firm specializing has been the Chairman Emeritus at Tata Sons Limited, Tata Steel Limited, Tata in incubation, seed, early-stage, late stage, and growth capital investments. The firm Chemicals Limited and Tata Motors Limited since December 28, 2012 invests organically and through acquisitions. It may also invest in companies which are Deal Participant – Target undervalued relative to their long-term growth prospects and special situations. The Founded in 2008, Swasth India Services Private Limited operates and manages health firm prefers to invest in business services, education services, consumer products and care centers for lower income groups in urban and rural India. It offers primary care services, clean energy, Internet, information, technology, media, telecom, financial services, such as doctor consultation, and diagnostics and tests, as well as treatment– services, natural resources, medical and healthcare, travel and tourism, manufacturing, drugs, consumables, and day care services; and secondary/tertiary care services, such retail, e-commerce, mobile value-added services and agricultural sectors. as radiology tests, inpatient treatment, and consultation with specialties that include Deal Participant – Target pediatrician, gynecologist, and MD physician. Founded by IITians Arnav Kumar, Himangshu Hazarika and Aniket Behera, Zoomo serves Deal Value as a marketplace connecting buyers and sellers of pre-owned cars. ` 2 Cr Deal Value ` 6 Cr

Mumbai Angels, Others Invest In Mobile Video Startup Vliv Big Data Firm Qubole Raises Series B Round From Norwest Venture Partners Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2006, Mumbai Angels operates as network of startup companies, Founded in 1961, Norwest Venture Partners operates as an investment arm of Wells entrepreneurs, professionals, and executives. The company focuses on providing Fargo Investment Group, Inc. It is a venture capital and private equity firm specializing funding and advisory services. in incubation, seed/startup, early, mid, late venture, growth equity, later stage, buyout, Other Investores: and recapitalization investments in both listed and unlisted companies. It invests in Manish Dalal of Verisign, medical devices, specialty pharmaceuticals, healthcare services, and therapeutic Srini Raghavan of Scientific Games products sector. Pari Natarajan of Zinnov. Deal Participant – Target Deal Participant – Target Founded in 2011, Qubole Inc. develops a cloud data platform for analyzing and Vliv Inc. develops and markets multi-modal cloud based mobile video applications. Its processing data sets. The company offers Qubole Early Access that enables users to get video applications include VOOL Movie Maker and Vliv Videofun, which are available started with Apache Hadoop and Apache Hive on Amazon S3 data. It allows users to in App Stores worldwide. The company’s VOOL Movie Maker is a video editing store, process, and analyze data using a set of tools and infrastructure optimized to run application that comes with tools to create picture movies and share them with the on the cloud. world, and enables users to add a set of animation video stickers into movies. Deal Value Deal Value $ 13 Mn Undisclosed

Cloud Based Video Collaboration Startup LinkStreet Raises Funds From Faering GiftsCardsIndia Secures Funding From Blume Ventures, Others; Acquires Giftery Capital Deal Participant – Investor Fund Deal Participant – Investor Fund Google India Head – Mr. Rajan Anandan Founded in 2010, Faering Capital is a private equity and venture capital firm Founded in 2010, Blume Venture Advisors is a venture capital firm specializing in early- specializing in growth capital investments. It seeks to invest in companies based in stage seed, start-ups, pre-series A, series B, and late stage investments. The firm prefers India. to invest in 80 percent in technology ventures including internet and software sectors, Deal Participant – Target data infrastructure, biotechnology, mobile application, telecommunications equipment, Founded in 2011, Linkstreet Learning Pvt. Ltd. provides technology enabled learning media, consumer internet, researchand development, mobile, and 20 percent in and collaboration solutions in Singapore, the United States, and internationally. It alternative technology sector including clean technology and robotics. offers Live Video, which enables users to connect live to anyone and anywhere; Video Deal Participant – Target Repository that enables users to store recorded videos and retrieve them when Founded by Firoz Khan and Cory York, GiftCardsIndia.in serves as a one-stop shop for needed; Learning Portal, which enables users to create their own learning portal that Gift Card & Gift Voucher needs offering Gift Cards across multiple categories such as is mobile enabled and accessible from their phone or tablet; E-Commerce that enable apparel, electronics, department stores and restaurants & hotels, to name a few and a users to charge subscriptions for video channels and courses; Assessment, a solution variety of payment option. with regular online assessments; and E-Courses, which enables users to create online Deal Value courses and enable discussions Undisclosed Deal Value Undisclosed

Oman India Joint Investment Fund Backs Agrochem Firm GSP Crop Science Utthishta Yekum Fund Invests In Alumni Engagement Portal Vaave.com (Stake – 95) Deal Participant – Investor Fund Deal Participant – Investor Fund Oman-India Joint Investment Fund Management Company is a private equity firm. It Utthishta Yekum Fund is a seed fund for start-ups in software, web, mobile and the targets making sector agnostic investments in India. cloud computing space. Deal Participant – Target Deal Participant – Target Founded in 1972, GSP Crop Science Private Limited primarily engages in Vaave.com operates as a SaaS based platform that provides alumni engagement manufacturing of phosphate fertilizers, and pesticide technical products and services. formulations. Its products include insecticides, such as acephate, chlorpyriphos, Deal Value profenofos, triazophos, acetamiprid, diafenthiuron, thiamethoxam, fipronil, ` 5 Lacs fenpyroximate, bifenthrin, lambda-cyhalothrin, deltamethrin, cypermethrin, and alpha-cypermethrin; and fungicides, including hexaconazole, propiconazole, difenoconazole, tricyclazole, azoxystrobin, cyproconazole, metalaxyl, thiram, and carboxin. Deal Value ` 95 Cr

PE/VC Deals November & December 2014

IT Solutions Startup Avekshaa Technologies Raises Funds From KITVEN Fund 2 Sequoia Backs On Demand Delivery Service Provider Grofers Deal Participant – Investor Fund Deal Participant – Investor Fund Karnataka Information Technology Venture Capital Fund (KITVEN Fund) is a State & Founded in 2000, Sequoia Capital India is a venture capital firm specializing in Central Government financial institutions backed Venture Capital Fund (VCF) investments in startup, seed, early, mid, late, expansion, public and growth stage operating in the State of Karnataka since 1999. companies. The firm prefers to invest in the information technology companies with a Deal Participant – Target focus on the emerging India-US cross border companies in the big data analytics, Founded in 2010, Avekshaa Technologies Pvt. Ltd., an IT consulting and services enterprise software, and semiconductors sectors. It seeks to invest in the consumer company, provides assurance, validation, and engineering of applications and IT services, energy, financial services, infrastructure, healthcare services, internet, mobile systems for performance, availability, security, and scalability of system architecture. applications, outsourcing, wireless and technology sectors. The company offers consulting services, including performance optimization services Deal Participant – Target to diagnose and solve similar problems associated with performance and scalability of Founded in 2013, Locodel Solutions Pvt. Ltd. provides delivery services for consumers applications and IT systems; infrastructure engineering services; architecture services; and merchants in India. It delivers grocery, pharmacy, stationery, baby care, pet care, and product scalability assessment and benchmarking services. bakery, food, hardware, and electronic products. Deal Value Deal Value ` 3 Cr Undisclosed

OCP Asia Invests In DQ Entertainment Baring PE Exits Integra Software Services Deal Participant – Investor Fund Deal Participant – Exit Fund Founded in 2010, OCP Asia, Inc. manufactures and markets optical fiber based Founded in 1997, Baring Private Equity Asia is a private equity firm specializing in components for data communication and telecommunication industries. The growth capital, middle market, buyouts, buyback, restructuring, and recapitalization company’s products include lasers and photodiodes. Additionally, it offers wafer and investments. It invests in sectors including alternative energy, media, financial services, die fabrication, optical and transceiver module assembly, high speed radio frequency consumer, industrial, and real estate. and device designing, testing, and packaging services. Deal Participant – Target Deal Participant – Target Founded in 1994, Integra Software Services Pvt. Ltd., a pre-publishing services Founded in 2007, DQ Entertainment (International) Limited provides animation company, provides content management and content transformation solutions to production services for television and film production companies worldwide. The publishers and typesetters. The company offers digital typesetting, e-publishing, data company operates through Animation and Distribution segments. It also provides conversion, and related services for STM, HSS, professional, and educational training services for the production of animation television series and movies, as well books/journals; reference books; elementary, high school, and college textbooks; as licenses programmed distribution rights to broadcasters, television channels, and custom made course materials; user manuals and catalogues; and financial and legal home video distributors. publications Deal Value Deal Value $ 50 Mn Undisclosed

Online Recruitment Portal Youth4Work Raises Bridge Round From Aurum Equity, Bright Ventures Invests In Price Comparison Portal YouTellMe Others Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2012 by Paul Montagne, BrightVentures is a Dutch early stage venture firm Global Asia Partners LP is a venture capital firm specializing in early stage and start up and growth fund for technology-driven businesses providing seed / venture capital and investments. Within early stage, the firm focuses on wireless technology companies in entrepreneurial mentoring. Singapore, India, and China. Under its startup investments, it targets service providers Deal Participant – Target in emerging countries in Asia. Founded in 2014, YouTellMe Media Private Limited operates an online price Deal Participant – Target comparison site in India. It enables users to compare product features across similar Founded by Rachit Jain, Youth4Work serves as platform for job seekers to post their products and also compare prices across various online retailers in categories, such as profiles and recruiters to find the appropriate match. However these profiles are mobiles and phones, electronics, fashion and accessories, books and media, health and assessed and ranked by the portal which is then made available to the employers, thus beauty, computers and tablets, and home and kitchen. also helping these firm engage people with specific skill sets for specific activities. Deal Value Deal Value $ 100 K ` 2.8 Cr

Sequoia, Nexus Invest In Location Based Food Ordering App TinyOwl Financial Technologies Exits MCX-SX to Jhunjhunwala, Edelweiss, Other Deal Participant – Investor Fund Deal Participant – Exit Fud Founded in 2000, Sequoia Capital India is a venture capital firm specializing in Mr. Rakesh Radheshyam Jhunjhunwala, serves as an Executive Officer of Rare investments in startup, seed, early, mid, late, expansion, public and growth stage Enterprises, Advisor to Institutional Investors. He has multifaceted knowledge of the companies. The firm prefers to invest in the information technology companies with a capital market and related areas. He has extensive experience and expertise in focus on the emerging India-US cross border companies in the big data analytics, analyzing and identifying potential investment opportunities in the Indian Equity enterprise software, and semiconductors sectors. It seeks to invest in the consumer Market. services, energy, financial services, infrastructure, healthcare services, internet, Edelweiss Financial Services Limited, through its subsidiaries, provides various financial mobile applications, outsourcing, wireless and technology sectors. services to corporate, institutional, and individual clients in India and internationally. It Founded in 2008, Nexus Venture Partners is a venture capital firm specializing in start- operates through Agency Business, Capital Based Business, and Life Insurance ups, early stage, and early growth stage investments. It focuses on investments in segments. It offers investment banking services, and institutional brokerage services. sectors such as technology, consumer and business services, media, energy, Deal Participant – Target agribusiness, outsourced services, Internet, rural sector, cloud, storage, infrastructure, Financial Technologies (India) Limited, together with its subsidiaries, provides big data analytics, data security, and mobile. technology intellectual (IT) property and domain services to create and trade on Deal Participant – Target financial markets in equities, commodities, currencies, and bonds. It offers exchange, Founded in 2014, TinyOwl Technology Pvt Ltd develops an Android mobile application brokerage, messaging, consulting, and banking risk solutions. It also offers consultancy for ordering food. The application shows the users’ locations and restaurants in their services; IT enabled services; online trading platform services; technology for mobile- vicinity. It offers both card and cash-on-delivery payment options to customers. phone based payment solutions; coaching and training services; and software services. Deal Value It was incorporated in 1988 and is based in Mumbai, India. $ 3 Mn Deal Value ` 88.419 Cr.

PE/VC Deals November & December 2014

HCC Concessions Sells Nirmal BOT Project To IDFC's Highway Concession One Rabo Equity Achieves First Close Of India Agri Business Fund II Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2010, Highway Concessions One Private Limited develops, owns, Undisclosed constructs, and operates public-private partnership (PPP) road projects in India. Deal Participant – Target Deal Participant – Target Founded in 2008, Rabo Equity Advisors specializes in buyouts. The fund seeks to invest Founded in 2008, HCC Concessions Limited engages in construction and development in food and agriculture sector with a focus on dairy items, processed fruits and of transportation infrastructure including roads, bridges, ports, airports, as well as vegetables, juices, poultry, and seafood. It prefers to invest in India. power projects and infrastructure projects. Deal Value Deal Value $ 100 Mn ` 64 Cr

Kochi-based SectorQube raises under $125K in crowd funding for smart microwave Flipkart Founders, Others Invest In Electric Bike Maker Ather Energy oven Deal Participant – Investor Fund Deal Participant – Investor Fund Sachin Bansal and Binny Bansal - Flipkart founders. Undisclosed Raju Venkatraman - CEO of MEDALL Deal Participant – Target Deal Participant – Target SectorQube was set up in October 2011 by Sabarish Prakash, Nibu Alias, Ani Abraham Founded in 2013, Ather Energy Pvt. Ltd. designs, manufactures, and markets electric Joy, Arjun S, Midhun Skaria, Biniyas VL and Ashwin Saju – all were B Tech students at scooters in India. Its scooters are powered by a lithium ion battery pack with integrated Toc H Institute of Science and Technology (Kochi). digital battery management system. Deal Value Deal Value Under ` 80 lacs ` 6 Cr

Future Lifestyle hikes stake in clothing brand Mineral to 37% (Stake – 37%) Infosys Co-Founder Kris Gopalakrishnan Backs Local B2C Chat App Lookup Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 2012, Future Lifestyle Fashions Limited operates as an integrated fashion Senapathy Gopalakrishnan, popularly known as Kris Gopalakrishnan, is the executive company in India. The company primarily operates retail stores under the Central vice chairman (former co-chairman) of Infosys, a global consulting and IT services name; youth fashion stores under the IamIN name; outlet stores under the Brand company based in India. He is also one of its seven founders Factory name; and a multi-brand sportswear and sports goods chain under the Planet Deal Participant – Target Sports name, as well as owns a fashion brand aLL that offers plus size clothing. It offers Lookup, launched by Hatchery Software Pvt Ltd, is a free and secure messaging app formal menswear, casual wear, active or sportswear, women’s ethnic wear, women’s which helps consumers chat with local businesses or shops and get guaranteed answers denim wear, women’s casual wear, footwear, and accessories under a portfolio of from your local businesses within 5 minutes. The app also facilitates making fashion brands. reservations at nearby restaurants and hotels, make appointments at spas, salons, Deal Participant – Target clinics, to get information about offers, deals and prices and also to share images with Mineral, engaged in the business of manufacturing and retail of clothing and fashion businesses to find information about products. accessories, is a designer label from Priyadarshini Rao. Deal Value Deal Value ` 1 Cr Undisclosed

InMobi Raises Funds From Softbank Invitation Cards E-Tailer Inksedge Secures Funding From NEA, Others Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1981 by Masayoshi Son, SoftBank Corp. operates in the information Founded in 1977, New Enterprise Associates is a venture capital firm specializing in industry in Japan. It operates through four segments: Mobile Communications, Sprint, investments in venture growth equity at all stages with a focus on seed, start-up, early Fixed-line Telecommunications, and Internet. The Mobile Communications segment stage, later stage, growth capital, and public. The firm opportunistically invests in PIPEs, provides mobile communications services; produces and distributes online games for expansion, and mezzanine financing. smartphones and other devices; offers mobile broadband services; provides supply Founded in 2002, Pinnacle Ventures, L.L.C is a venture capital and venture debt firm chain solutions, handset protection and insurance, buy-back and trade-in services, specializing in equity, debt, and mezzanine investments. Within equity, it seeks to make omnichannel solutions, and financial services; and sells mobile devices, such as early-stage and mid to late stage investments. Within debt, the firm seeks to invest in iPhones, iPads, and SoftBank smartphones. growth capital loans, subordinated debt, equipment loans/ leases, working capital lines, Deal Participant – Target convertible debt, and mergers and acquisitions, and special situations. Founded in 2006, InMobi provides mobile advertising services in Asia and Africa. It Milliways Ventures is a venture capital firm specializing in early-stage startups. It seeks develops an advertisement serving algorithm that helps in optimizing the ranking of to invest in companies developing complex, back-end technology and companies the advertisements served on mobile phones. The company also provides campaign creating innovative and impactful technology in areas such as big data, machine management services, such as strategy, designing, executing, managing, and learning, and cloud computing infrastructure. optimizing campaigns; and advertisement creation, format, and targeting services for Deal Participant – Target advertisers. Founded in 2014, Inksedge Infotech Private Limited operates as an e-retailer. It offers Deal Value birth announcement cards, holiday cards, Diwali cards, Christmas cards, New Year $ 5 Mn cards, party invitations, baby shower invitations, personalized cards, and more in India. Deal Value $ 1.5 Mn

Blackstone part-exits garment maker Gokaldas Exports with huge haircut Online cab booking firm Uber raises $1.2B in fresh funding, valued around $40B or Deal Participant – Exit Fund more Fpunded in 1985, The Blackstone Group L.P. is a publicly owned investment manager. Deal Participant – Investor Fund The firm also provides financial advisory services to its clients. It provides its services Undisclosed to public and corporate pension funds, academic, cultural, and charitable Deal Participant – Target organizations. The firm manages separate client focused portfolios. Founded in 2009, Uber Technologies, Inc. provides a smartphone application that Deal Participant – Target connects drivers with people who need a ride. The company’s Uber enables drivers to Gokaldas Exports Limited designs, manufactures, sells, and exports a range of use their personal car to provide rides and earn income. It offers its services in North garments for men, women, and children in India. Its products include outerwear, America, Central and South America, Europe, the Middle East, Africa, and the Asia men’s bottoms and tops, women’s wear, kids wear, sportswear, denims, and formal pacific. wear. The company serves international fashion brands and retailers. Deal Value Deal Value $ 1.2 Bn ` 10.48 Cr 36

PE/VC Deals November & December 2014

Online gift card store QwikCilver raises $10M from Amazon, Helion & Accel Seven Startups Secure Funding From Social Business Incubator Villgro Deal Participant – Investor Fund Deal Participant – Investor Fund Founded in 1994, Amazon.com, Inc. operates as an online retailer in North America Founded in 2009 and based in Chennai, India.,Villgro Innovation Marketing Private and internationally. The company operates in two segments, North America and Limited distributes agriculture, dairy, water, and energy products to small and marginal International. The company serves consumers through retail Websites, such as rural and farming households in Tamil Nadu. amazon.com and amazon.ca, which primarily include merchandise and content Deal Participant – Target purchased for resale from vendors and those offered by third-party sellers. It also Kamal Kisan aims to develop farm machinery that is specifically suited for small farm offers programs that enable sellers to sell their products on company’s Websites, and owners of India. It is a brand owned by Simple Farm Solutions Pvt. Ltd. their own branded Websites; and programs, which allow authors, musicians, Founded in 2013 and head office and development centre is based out of Bangalore, filmmakers, app developers, and others to publish and sell content. India, FlyBird Innovations is focused on Embedded Products development, Services and Founded in 2006, Helion Venture Partners, LLC is a venture capital firm specializing in Solutions for Aerospace, Automotive, Medical and Industrial domains. investments in early, mid, and late stage. The firm also selectively invests in seed VectorDoc , launched by Vincent TP, the firm is developing an artificial intelligence- stages. It invests in high growth technology powered businesses with a focus on based mobile phone app that is intended to be used by a low-skill resource to both enterprise software, software-as-a-service (SaaS) hosted on cloud, premise-based triage and return a preliminary diagnosis with high accuracy. software, mobile, Internet, internet services, technology products, and outsourcing MicroXlabs, founded by Prakhar Jain, it has developed a device to tackle the issue of sectors. providing accurate blood tests at point of care, which will assist physicians with a quick Founded in 1983, Accel Partners is a private equity and venture capital firm and efficient diagnosis of a variety of diseases. specializing in investments in incubation, seed, start-ups, early venture, mid venture, BEMPU, founded by RatulNarain, is developing an intuitive neonatal temperature late venture, emerging growth, later stage, and growth capital companies. monitor that empowers mothers or other caretakers to better manage their newborn's Deal Participant – Target temperature. Founded in 2006, QwikCilver Solutions Private Limited develops stored value card SustainEarth has developed a low-cost biogas plant for household use in rural based solutions for retail and corporate customers in India. It offers QwikCilver communities. This converts animal waste into clean fuel solutions integrating issues of platform, a stored value platform that facilitates retailers to create newer custom gift livelihoods and energy. card products and change the promotional behavior of the products; and provides a SkillTrain, launched by B Ganesh. The startup uses audio-, video- and simulation-based set of APIs for billing systems, Web portals, and other POS systems to communicate learning material for learners to understand and practise vocational skills. with QwikCilver and process transactions. Deal Value Deal Value ` 1-1.5 M ` 63 Cr

IT Security Consultant Wegilant Secures Funding Exfinity Technology Fund Invests In RiverSilica Technology Deal Participant – Investor Fund Deal Participant – Investor Fund Gaurav Sharma - Director, Yahoo Inc Founded in 2013 by T. V. Mohandas Pai, Exfinity specializes in early stage, start up, Ravi Gururaj - Aangel Investor growth capital, and emerging stage investments at angel funding stage. It does not plan RippleWave - Mumbai-based boutique investment firm to invest in traditional information technology services. The fund seeks to invest in Deal Participant – Target technology sector with a focus on products, services, and applications targeting global Founded in 2011, Wegilant Net Solutions Pvt. Ltd. provides information technology footprint; investments in a mix of B2B and B2C space; enterprise space, big data and (IT) security services. The company offers Website security audit, network security analytics, mobility, software, social, cloud computing, SaaS, application development, e- audit, wireless network security audit, mobile application security audit, IT compliance commerce, and IP creation. audit, and IT security policy formation and auditing. It provides strategies, capabilities, Deal Participant – Target and technologies necessary to help businesses to protect Web applications and IT Founded in 2008, RiverSilica Technologies PVT LTD builds and markets video infrastructure from threats; and IT security information training programs. distribution systems. The company develops hardware and software solutions for Deal Value Internet protocol (IP) streaming video delivery. ` 1 Cr Deal Value ` 10 Cr

Big Data-based marketing solutions firm Blueshift Labs raises $2.6M from Nexus, Affordable Sanitary Napkins Maker Aakar Innovation Raises Funds from CIIE, Others NEA, Others Deal Participant – Investor Fund Deal Participant – Investor Fund A group of impact investors and alumni of IIT and IIM Founded in 2006, Nexus Venture Partners is a venture capital firm specializing in start- Deal Participant – Target ups, early stage, and early growth stage investments. It focuses on investments in Founded in 2011, Aakar Innovations Pvt. Ltd. manufactures compostable women sectors such as technology, consumer and business services, media, energy, sanitary pads/napkins. agribusiness, outsourced services, Internet, rural sector, cloud, storage, infrastructure, Deal Value big data analytics, data security, and mobile. Undisclosed New Enterprise Associates is a venture capital firm specializing in investments in venture growth equity at all stages with a focus on seed, start-up, early stage, later stage, growth capital, and public. The firm opportunistically invests in PIPEs, expansion, and mezzanine financing. Kosmix scours the Web to automatically generate home pages for any topic. Deal Participant – Target Founded in 2013, BlueShift Labs, Inc. operates in the technology industry. The company was incorporated in 2013 and is based in San Francisco, California. Deal Value $ 2.6 M

Summary of PE/VC Updates

1% No. of PE/Vc Deals by Sector 0% 1% 1% 0% 2% Education 2%

Food & Beverages 2% Health Care

Infrastructure 14%

IT/ITES 1% Logistics 5% Manufacturing

Manufacturing & Engineering 59% 3% NBFC 9% Others

Real Estate

Telecom

No. of PE/VC Deals by Size (Rs Crore) 7% Undisclosed 7% 24% 5% 0-100 100-300 300-500 57% 500 & Above

38 RealReal Estate Estate UpdateUpdate

Real Estate Deals November & December 2014

Motilal Oswal raises $71M for second realty fund, returns 77% of maiden fund PremjiInvest Backs Realty Developer Total Environment Building Systems Deal Participant – Investor Fund Deal Participant – Investor Fund Undisclosed PremjiInvest is a family office specializing in private equity and venture capital Deal Participant – Target investments. In venture capital, it invests in growth capital. The firm seeks to invest in Founded in 2005, Motilal Oswal Financial Services Limited, a non-banking financial technology companies. company, is engaged in lending and related activities in India. The company provides Deal Participant – Target broking and distribution services comprising cash and derivatives equity, commodity Founded in 1996, Total Environment Building Systems Private Limited provides real broking and currency, financing, and depository services, as well as distributes financial estate development services for residential, commercial, and corporate projects. It also products; and institutional broking services, such as cash and derivatives equity broking offers property management services, including housekeeping services, such as garbage and advisory. It also offers investment banking services consisting of capital raising, clearance and disposal; security services, such as surveillance and access-control; M&A advisory, domestic IPOs, private equity placements, corporate finance advisory, provision of generators and pumps; maintenance of recreational spaces and amenities, restructuring, FCCBs, and GDRs; and private equity and real estate investment including pools, gymnasiums, and play areas; and maintenance of conveniences, such as management and advisory services. In addition, the company provides asset sewage treatment plants, backup power supply, lighting-control, access-control, access management services comprising portfolio management services, as well as mutual and roads, and ventilation in the basements. off shore funds; and housing finance services. Deal Value Deal Value ` 70 Cr ` 440 Cr

Milestone Capital Advisors Exits Godrej's Kolkata Project Prakriti IL&FS Investment Managers Exits First Phase Of Wadhwa Group's Mumbai Project Deal Participant – Exit Fund Deal Participant – Exit Fund Milestone Capital Advisors Pvt. Ltd. , founded in 2006, is a real estate investment firm Founded in 1989, IL&FS Investment Managers Limited is the private equity, venture specializing in turnaround investments. The firm seeks to invest in infrastructure and capital, and real estate investment arm of Infrastructure Leasing & Financial Services real estate with a focus on education, healthcare, warehouses and logistics parks, and Limited. The firm specializes in seed capital, late venture, growth capital, expansions, shipping sectors. middle market, restructuring, recapitalizations, buyouts investments, and real estate Deal Participant – Target investments in high-growth real estate assets including office, residential, retail, integrated Godrej Properties Limited, which is a subsidiary of Godrej Industries Limited, operates townships, special economic zones, hospitality, and mixed-use properties. as a real estate development company in India. The company focuses on residential, Deal Participant – Target commercial, and township developments. Wadhwa Group's Mumbai Project Deal Value Deal Value ` 2 B ` 225 Cr

Peninsula Brookfield Investment Managers Amplus Capital Invests In Jain Height's Bangalore Project Deal Participant – Investor Fund Deal Participant – Investor Fund Peninsula Brookfield Investment Managers Private Limited is a real estate investment Amplus Capital Advisors Pvt. Ltd. is a real estate investment arm of Arvind Limited. The firm, which seeks to invest in India. company seeks to invest in brownfield redevelopment projects in residential and Deal Participant – Target commercial projects. Founded in 1996, Total Environment Building Systems Private Limited provides real Deal Participant – Target estate development services for residential, commercial, and corporate projects. It also Jain Heights & Structures Private Limited is a premier development company offers property management services, including housekeeping services security headquartered in Bangalore, committed to building landmarks of style and stature. Thier services, provision of generators and pumps; maintenance of recreational spaces and developments epitomize the finest in vision and design, providing clients with the highest amenities, and maintenance of conveniences. quality lifestyles and superior investment opportunities. Deal Value Deal Value ` 2000 M $ 6 M

Relieance AIF makes first close of maiden realty fund at $65M Deal Participant – Investor Fund Not Available Deal Participant – Target Reliance Capital Asset Management Limited is a privately owned investment manager. The firm manages equity and fixed income mutual funds for its clients. It also manages exchange traded funds for its clients. Deal Value $ 65 M

40 RBSA – Range of Services

Valuation Investment Banking Business Valuation (SEBI Approved Category I Merchant Bank) Valuation of Brands, Intangible Assets & Intellectual Property Mergers & Acquisitions Valuation of Financial Securities, Instruments and Derivatives Transaction Advisory Valuation of Industrial Assets, Plant & Machinery Due Diligence - Financial, Tax and Business Valuation of Real Estate Fairness Opinions Valuation of Infrastructure Assets & Specialized Assets Corporate Finance & Advisory Purchase Price Allocations for Mergers & Acquisitions Private Equity and Venture Capital Impairment Studies for Tangible Assets Debt Solutions and Syndications Impairment Studies for Intangible Assets & Goodwill Partner Search and Joint Ventures Mines, Mineral Advisory and Valuation Corporate Restructuring, Business Valuation of ESOP’s and Sweat Equity Reorganization Valuation for Tax, Transfer Pricing and Company Law Matters Fairness Opinions

Advisory Services Financial Advisory for Dispute & Litigation Strategic Advisory Services Valuation & Financial Advisory Services Business Plan Formulation & Feasibility Studies Loss Assessment, Damages & Loss of Profit Analysis Forecast Assessment & Financial Appraisal Independent Expert testimony Transaction Structuring Anti-trust & Competition Advisory Real Estate Advisory Services Buy-Sell disputes, post-Acquisition Disputes Financial Modeling, Highest & Best Use Studies Joint Venture & Shareholder Disputes Investment Related Due-Diligence Exercises Arbitration Location / Entry Strategies Civil & Construction Disputes Infrastructure Advisory Real Estate Disputes Partner Identification - Joint Venture Environment Damage Assessment Bid Advisory and Bid Process Management Intellectual Property Rights Disputes Preparation of Information Memorandums General & Commercial Disputes Preparation of Detailed Project Reports Bankruptcy Analysis Technical Assurance Services Technical Due Diligence Reviews for M & A Independent Engineer’s Services Lender’s & Investor’s Engineer Services Feasibility Studies, Technical Opinion and Audits Chartered Engineers Opinion & Certification Project Cost Investigation and Forensic Advisory Project Appraisal and Monitoring Project Management Consultants Contact Us

Mumbai Office: Delhi Office: Bangalore Office: st 21-23, T.V. Industrial Estate, 248 - 1108, Ashoka Estate, Unit No.:104, 1 Floor, A, S.K. Ahire Marg, Off. Dr. A. B. 24 Barakhambha Road, Sufiya Elite, # 18, Road, Worli, New Delhi – 110 001 Cunningham Road, Mumbai – 400 030 Tel : +91 11 2335 0635 Near Sigma Mall, Tel : +91 22 6130 6000 +91 11 2335 0637/38 Bangalore – 560 052 +91 22 2494 0150-54 Tel: +91 99585 62211 Tel : +91 80 4112 8593 Fax: +91 22 6130 6001 +91 97435 50600

Ahmedabad Office: Surat Office: Jaipur office: rd 912, Venus Atlantis Corporate 37, 3 Floor, Meher Park, Karmayog, A-8, Metal Colony, Park, Anand Nagar Road, ‘A’, Athwa Gate, Ring Road, Sikar Road, Prahaladnagar, Surat – 395 001 Jaipur – 302 023 Ahmedabad – 380 015 Tel : +91 261 246 4491 Tel : +91 141 233 5892 Tel : +91 79 4050 6000 Fax : +91 261 301 6366 Fax : +91 141 233 5279 Fax : +91 79 4050 6001

Global Reach:

Singapore Dubai

Contact: Tel: +91 90040 50600 Tel: +971 5 5478 6464 Email: [email protected]

Disclaimer

To the extent this report relates to information prepared by RBSA Advisors, it is furnished to the recipient for advertising and general information purposes only. This report and other research material may also be found on our website at www.rbsa.in. Each recipient should conduct its own investigation and analysis of any such information contained in this report. No recipient is entitled to rely on the work of RBSA contained in this report for any purpose. RBSA makes no representations or warranties regarding the accuracy or completeness of such information and expressly disclaims any and all liabilities based on such information or on omissions there from