A Compilation of VC And M&A Deals In Digital Media In 2006
The year 2006 definitely hasn’t been a bad year for the Indian digital media business from the POV of venture capital and merger and acquisitions. There were as many as 26 venture capital deals publicly announced. That has brought in about $175 million in VC money alone in 2006. The M&A has also been picking up with more than a dozen deals while the most of figures are undisclosed. Here is a quick compilation.
Key VC deals in the Indian digital media and technology sector
1. iJive – (($4.5 million from Matrix Partners India)
2. TutorVista – ($10.75 million from Lightspeed, Sequoia Capital and SV Bank in second round and $2 million from Sequoia in first round early this year.)
3. 4 Interactive – (Undisclosed amount Matrix Partners India)
4. MakeMyTrip – ($13 million from Helion Venture Partners, Sierra Ventures, SAIF Partners)
5. Carwale.com – (Undisclosed amount: Seedfund)
6. Travelguru (Undsiclosed amount from Sequoia Capital in the first round in February 2006, and $15 million in second round from Battery Ventures and Sequoia)
7. Picsquare – ($75,000 from Angel Investors - Sanjay Swami, CEO of mChq, Shripati Acharya, founder of Snapfish and Vijay Iyer, VP (Marketing), Portal Systems)
8. Sulekha.com – ($10 million from Norwest Venture Partners)
9. JustDial – (Undisclosed funding by SAIF Partners)
10. Guruji.com - ($7 million from Sequoia Capital India)
11. Seventymm.com – ($7 million from Matrix Partners India)
12. BubbleMotion – ($10 million from Sequoia Capital India)
13. BharatMatrimony – ($8.6 million from Canaan Partners and Yahoo)
14. Cleartrip.com – (Undisclosed: Kleiner Perkins Caufield & Byers and Sherpalo Ventures)
15. Burrp! – (Undisclosed: unnamed angel investors)
16. BillDesk – ($5 million from Clearstone Venture Partners)
17. Naukri.com – ($4.6 million by Kleiner Perkins and Sherpalo)
18. Real Image Media – (Undisclosed: Intel Capital)
19. Sixer.tv – (Undisclosed: Linus Capital)
20. Shaadi.com – ($8 million from Sequoia Capital India)
21. Mauj – ($10 million from Sequoia Capital India)
22. jiGrahak – ($2.2 million JiGrahak)
23. Paymate – ($5 million from Kleiner and Sherpalo)
24. IMIMobile - ($10 million from Pequot Ventures)
25. OnMobile – ($27.8 million from Deutsche Bank, Goldman Sachs and Polygon Investment Partners)
26. Yatra Online – ($5 million from Reliance Capital, Norwest Venture and TV18)
Key M&A deals in 2006 (Aquired and the acquirer)
1. Jobstreet India – TV18 picks up 50% for $2 millions plus advertising support.
2. Tachyon – Rediff
3. ITFinity – OnMobile for $15-20 million
4. Indiagames – UTV Software acquires 50% for $15 million
5. Bixee and Pixrat – MIH India
6. Enable M – Salora Group
7. Positive Comsol – One97Communications
8. NowPos- Bennett, Coleman acquires a small stake
9. CricketNext – TV18
10. CompareIndia.com – TV18
11. UrbanEye – TV18
12. Globe Travels – Sify
13. eToursonline – ezeego1.com
14. Pyramid Saimira – Bennet, Coleman picks up small stake
(Ed: For more details on these deals, type in the keyword in our search box. Presto! You have them here.)
Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Venture Capital
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Comments (5)
Jan 3, 2007 3:24 AM
web companies all the way!!!
Jan 3, 2007 3:48 AM
Agree! Any idea of how VC’s are tying up with product companies in India.
Jan 3, 2007 4:14 AM
Yusuf,
They are doing very little outside Consumer Internet in India. You can read my Venture Capital in India article on my web site (under Articles).
Sramana
Jul 4, 2007 11:33 PM
Can anyone access the deal size of 3i Infotech with its aquisitions of these firms as well as the bankers that were involved. Do you know any specific site ( if such available to access that information):
Target Company Acquirer
aok in-house BPO Services Ltd 3i Infotech
aok in-house Factoring Services Pvt Ltd. 3i Infotech
KNM Services Private Ltd. 3i Infotech
Professional Access 3i Infotech
E-Enabled Services 3i Infotech
Stex software 3i Infotech
Corban Systems 3i Infotech
Rhyme Systems 3i Infotech
Edgeware Technologies 3i Infotech
G4 Technologies 3i Infotech
Delta Services 3i Infotech
Datacons 3i Infotech
WhizInfo Technologies 3i Infotech
SDG Software 3i Infotech
Formulaware 3i Infotech
Business Solutions 3i Infotech
Distinctive Solutions 3i Infotech
Dunn Solutions Cranes Software
LatentZero Fidessa
TAP Solutions Asset Control
SmartQuant technology Quant House
Syndesis Subex Azure
Institutional Shareholder Services RiskMetrics Group
TKS-Teknosoft TCS
Cameron Systems Orc Systems
Rufus(Bank of NY) Bravura Solutions
Valubond, Inc., Knight Capital Group
Anvil Software ION Trading
Mantas (US based) iFlex
FNS (Australian based) TCS
Hotspot FX, Inc Knight Capital Group
Itellix (India based) Corpus
Paloma Partners Management Company JP Morgan
Worldwide Securities
Services
Apr 2, 2008 8:04 AM
I think zook doesnt seem to have made to the list. It got funded by Nadathur with $1.8 million if i am not wrong.