MeitY Startup Hub onboards MergerDomo to strengthen start-up ecosystem in India
As the old adage goes, “Growth is never by mere chance, it is the result of forces working together”. We at MergerDomo believe that the growth of any business unit has an influence on the growth of the ecosystem altogether and vice-versa. That is exactly what we bring to the table. Today we have over 1400 entities on our platform, networking to source business deals. We endeavour to achieve many more milestones that compliment our goal of digitising deal sourcing in the investment banking industry.
We are also closing this Year on a positive note with Major Funding Deal closures in Fashion Tech Space and Social Ecom Enabler.
Businesses are the major performance indicators of a country and its people’s wellbeing. Our resolution for the New year 2022 is to contribute towards enabling more such Business Growth in the ecosystem.
I’m pleased to present to you this month’s newsletter. Look out for an extensive insight on hybrid equity, crisp industry news and our ongoing hot deals.
Presenting MergerDomo’s Thought Corner, where our team of analysts present their opinions and views on the most significant developments relating to Business & Finance.
Hybrid Equity: A Funding Alternative You Need to Know About
With business recovery picking up, small and medium enterprises (SME) in the country will need to look beyond conventional funding sources to finance their growth.
Hybrid instruments that combine the benefits of debt and equity are emerging as a strong alternative to address the unmet financial needs of SMEs.
The investor sentiment in India is on an upswing, with new records being set in private equity (PE) and venture capital (VC) activity. In July 2021 alone, PE and VC firms poured US$9.5 billion into businesses in India. This is more than double the amount raised a year before.
SMEs stand to gain by tapping this funding source that banks on hybrid instruments.
What are its main characteristics?
Hybrid instruments can be beneficial to both early-stage ventures and mature businesses.
Private Equity firm Advent International have merged their portfolio companies Dixcy Textiles and Gokaldas Intimate wear, forming Modenik Lifestyle which will be manufacturing casual clothing and innerwear for both men and women.
Healthium MedTech Ltd (Formerly known as Sutures Limited) receives SEBI approval for its IPO and the size of the IPO is approximately Rs. 1500 Cr, according to the Draft Red Herring prospectus the company is planning to raise Rs. 390 Cr through fresh issue.
EdTech Company, UpGrad is buying a 100% stake in the largest Australian study Abroad Company, Global Study Partners and will also further invest 10 million $ for its future growth. This will be UpGrad’s first international acquisition.
Shriram properties, part of the Shriram Group plans to launch IPO of Rs. 600 – 700 Crores in the month of December.
Indian Angels Network (IAN) have invested $1 million in a B2B logistics platform Pidge, the founders of Pidge have also invested $2 million in the company, The company says that these funds will be used for expansion and product pipeline enhancement.
Medkart Pharmacy Pvt. Ltd, a generic medicine retail chain has raised Rs. 40 crores as a part of its Series A funding round from Alkemi Venture Partners and Insitor Partners. The founder said that the funds will be used for infrastructure strengthening.
A newly created group within the Flipkart Group- Flipkart Health Pvt. Ltd has agreed to acquire a major stake in SastaSundar Marketplace Ltd which owns and operates SastaSundar.com
EV startup Simple Energy has raised $ 21 million as a part of its equity funding round, Investors such as Sattva Group and Athiya’s group along with several High net Individuals have invested. The Company wants to use these funds for R&D and increasing the manufacturing capacity.
Ola Electric is in plans to launch its electric scooter range S1 and S1 pro in the global markets by 2022. The company wants to launch them in the European markets as early as possible. They are also investing in a factory in Tamil Nadu which will be used for manufacturing vehicles accommodating both Indian and global needs.
Virescent Renewable Energy Trust (VRET), India’s first renewable Infrastructure investment trust raises Rs. 2150 Crores of debt from non-Convertible debentures, long term debt financing and Working Capital. The company wants to use the funds primarily for refinancing the existing debt at the special purpose vehicle level and also for future acquisitions.
Parag Agarwal, an Indian origin person, alumni of IIT Bombay has been appointed as the new CEO of Twitter after Jack Dorsey the former has decided to step down. Parag Agarwal was the CTO of the company before his appointment and he is the 8th Indian Origin CEO, leading a tech giant in the US.
The Council of European Union agreed on a common position on two legislative initiatives proposed by the European Commission in December 2020: the Digital Services Act and the Digital Markets Act. The first act aims to hold digital platform owners accountable for what is happening on their platform. Second act’s primary aim is to strengthen the competition in the digital markets.
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Sector
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Deal Type
|
Description
|
Deal Size
(In Mn) |
Link
|
|---|---|---|---|---|
|
Packaging Films
|
Buyside
|
A Packaging films-packaging(packaging films) entity from India is looking for strategic investment opportunities in India
|
INR 200-250
|
|
|
ICT
|
Buyside
|
An Information and Communications Technology-ICT (IT Consulting) entity from India is looking for strategic investment opportunities in India
|
USD 20
|
|
|
Chemicals, Petrochems, Fertilizers
|
Buyside
|
A Chemicals, Petrochems, Fertilizers (Agricultural Chemicals) entity from India is looking for strategic investment opportunities in India
|
INR 500
|
|
|
Energy & Sustainability
|
Raise fund
|
A technology driven clean tech startup in water and waste water management from India is looking to raise funds
|
USD 2
|
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