Moneycontrol
Last Updated : Mar 30, 2011 11:27 AM IST | Source: VCCircle

Travel firm Via to raise $100m in 4-5 months

Indian travel services company Via plans to raise as much as USD 100 million from venture capital and private equity investors to fund its global expansion.


Travel Firm Via To Raise $100M In 4-5 Months - Indian travel services company Via plans to raise as much as $100 million from venture capital and private equity investors to fund its global expansion. The Bangalore-based company, formerly known as Flight Raja Travels Pvt. Ltd, also plans to sell shares to the public in India and the U.S. to raise as much as $1 billion in the next 18 months to 24 months. Via is in talks with more than half-a-dozen investors, and expects to complete the initial fund-raising process in four to five months. Via has earlier raised funds from venture capitalists such as IndoUS Venture Partners and Sequoia Capital India. (Wall Street Journal)


L Capital May Invest $100M In Gitanjali - L Capital Asia will invest about $100 million (about Rs 450 crore) in the Gitanjali Group and is conducting the due diligence. L Capital Asia, a $650 million fund launched last year to invest in the region's emerging economies. Thakran said the fund still has about $560 million to invest by 2014, about 80% of which will be Indian and Chinese companies. It has studied 108 consumer companies in China, India and south-east Asia as potential investment targets. (Hindustan Times)


L Capital May Invest In Genesis Colors - L Capital, the private equity arm of the $29-billion European luxury goods conglomerate LVMH, is in advanced negotiations to buy a stake in domestic fashion and lifestyle goods retailer Genesis Colors that has India distribution rights for luxury brands such as Just Cavalli, Canali, Kenzo, Paul Smith and Jimmy Choo. This would be the first investment by L Capital into an Indian entity. L Capital Asia is conducting due diligence on Genesis Lifestyle, which has about 125 outlets and is promoted by Sanjay Kapoor. (Times of India)


Jindal Saw May Buy Freightstar For Rs 150Cr - Steel pipe-maker Jindal Saw Ltd plans to acquire Freightstar Pvt. Ltd, the India-based container train operating unit of Dubai's ETA Group, for 1 billion to 1.5 billion rupees, as a shakeout continues in the sector. The transaction documents are being signed and the deal is expected to be announced in the next few days. The acquisition will help Jindal Saw become India's only multi-modal logistics firm to have its own inland cargo terminals, operating container trains and ships. (Wall Street Journal)

SKS Securitises Rs 610Cr Of Loans - SKS Microfinance, the country

First Published on Mar 30, 2011 08:38 am
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