TRACKING DEALS: GoBumpr gets ₹4 crore

Chennai-based automobile servicing platform GoBumpr has raised about ₹4.12 crore ($600,000) in a pre-Series A round led by existing investors, The Chennai Angels, Keiretsu Forum and individuals. GoBumpr, now available in Chennai and Bengaluru, does over 7,000 B2C transactions on its platform, billing ₹3 crore.

Egg producer and agri-tech start-up Eggoz has raised ₹1.2 crore from angel investors, including Narendra Sankar, Sunil Mishra, Vishal Sharma, Anurag Jhanwar and Mohini Jhanwar. The company will use the money to expand business in Madhya Pradesh and Bihar. It will also be used to build a company-owned farm in Nalanda, Bihar. Eggoz produces high quality and nutrition-rich eggs and its farms are run with smart technology and processes. It runs a network of farms at various locations. The company has a total bird capacity of one lakh hens with 65,000 hen operational farms and the remainder under construction. It plans to scale operations to five lakh hen capacity by 2020 with a focus on the northern States.

Impact investor Gray Matters Capital will sell its entire 81.92 per cent stake in Delhi-based non-banking finance company Indian School Finance Company to Manappuram Finance Ltd, a leading gold NBFC. Another impact investor Caspian, which has advised ISFC since its inception, will also exit the company, selling its 3.48 per cent stake. The deal values the full equity shares of Indian School Finance Company at ₹248.50 crore. Gray Matters Capital incubated ISFC in 2009 to exclusively fund education institutions to meet their infrastructure requirements and the first niche financier to affordable private schools in India. Indian School Finance Co had raised $6 million from Gray Matters as part of a Series A round in 2016. ISFC has assets under management of ₹522.59 crore as of March 31, 2018. It serves over 2.6 million students through more than 4,000 institutional clients. Besides educational institutional loans for infrastructure, the loan portfolio includes ecosystem players in education such as book publishers, content companies and computer providers. Nearly 23 per cent of its borrowers are women.

Biryani By Kilo, a biryani chain, has raised about ₹6.8 crore in a pre-Series A Round from a group of investors led by Ajay Relan, Founder-Chairman, CX Partners. The Gurugram-based start-up will use it to go pan-India. It has 10 stores in Delhi/NCR and one outlet in Mumbai. By March, it plans to have 20 outlets. It had raised an earlier round of funding from investors, including Chandigarh Angels Network.

Everfoods, the packaged food business controlled by PE firm Everstone, has entered into a pact to buy the Chennai-based Cookie Man. The deal size was not disclosed. Cookie Man (Australian Foods India) is a freshly baked cookie chain and has 50 stores/kiosks in 20 cities. General Atlantic invests ₹885 cr in KIMSUS-based growth equity firm General Atlantic has invested about ₹885 crore ($130 million) for a significant minority stake in Krishna Institute of Medical Sciences (KIMS Hospital), a leading multi-disciplinary healthcare provider in Andhra Pradesh and Telangana. General Atlantic’s investment was through a combination of primary capital and secondary purchases. KIMS has seven multi-speciality hospitals and over 2,500 beds. KIMS will use the money to expand and grow its services.

Temasek buys stake in Adani Ports

Temasek Holdings of Singapore has picked up nearly 1.3 per cent stake in Adani Ports and Specia Economic Zone through a block deal on the stock exchanges, for nearly ₹1,000 crore. It bought nearly 2.70 crore shares at about ₹369.95 a share. Adani Ports’ promoter entity SB Adani Family Trust sold the shares. Temasek invests $250 m for minority stake in UST GlobalTemasek of Singapore will pick up a minority stake in UST Global, a digital transformation solutions company, for about $250 million. Temasek is the first institutional investor in UST Global, which has offices in California, Singapore and London and a development centre in Thiruvananthapuram. Our Bureau