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Zomato Media Pvt Ltd, which owns and operates the online food guide portal zomato.com, has raised ₹370 crore ($60 million) in a new round of funding, in which existing investors Info Edge (India) Ltd and Sequoia participated. Vy Capital was the new investor in this round. This round of fund-raising values Zomato at about ₹4,000 crore. Zomato will use the money to expand globally and improve its technology.
Scrollback receives $400,000
Scrollback, a Singapore-India based chat platform for online communities, has raised $400,000 in seed funding led by Jungle Ventures. The round was supported by Singapore’s National Research Foundation under the technology incubation scheme, Crystal Horse Investments, Singapore Angel Network, Roland Turner and other angel investors from Singapore.
Motilal Oswal Real Estate gets ₹400 cr
Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity, has announced two more successful exits from its maiden real estate fund, the India Realty Excellence Fund. These are from residential projects with Godrej Properties in Bengaluru and Xrbia Developers in Mumbai Metropolitan Region. Motilal Oswal Real Estate has also launched its second real estate fund, with a target of ₹300 crore and a ₹ 200-crore greenshoe option. It has so far raised over ₹440 crore.
Everstone invests in Servion
Everstone Capital and Solmark have acquired a controlling stake in Chennai-based Servion Global Solutions for ₹403 crore. The transaction will provide an exit to most of the existing financial investors and non-working promoters in Servion, which provides customer interaction management solutions and applications that help in improving customer interactions over phone, Internet, e-mail, chat and social media.
Actis sells its stake in Nilgiris
Future Consumer Enterprise, a part of Kishore Biyani’s Future Group, has bought out private equity firm Actis and the promoter family of Nilgiris, the South-based supermarket chain, for ₹300 crore. Actis had picked up a 65 per cent stake in Nilgiris for about $65 million (₹300 crore) in 2006.
NewsCorp invests in PropTiger.com
NewsCorp has acquired a significant minority stake in the parent company of PropTiger.com, a leading online real estate marketing platform in India, for $30 million. Existing investors, including SAIF Partners, Horizen Ventures and Accel Partners have agreed to add $7 million to their current investment.
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