Category — Banking & Financial Services

India Registered 379 M&A Transactions in 2017

In 2017, India’s mergers and acquisitions activity reached the second highest annual deal value since 2001, according to London based  deals tracker Mergermarket, with 379 deals worth $54.7 billion. This is only slightly less than the peak registered in 2016, which saw 421 deals worth $59.7 billion. Telecommunications, technology, and financial services were the top sectors in terms of deal value for the year.

A handshake

 

Sectors Deal Value in $ Billion
  2017 2016
Telecom 20.4 0.7
Technology 9.6 5.6
Financial Services 6.9 5.1
Energy, Mining, Utilities 5.3 17.2
Industrials, Chemicals 2.9 3.5
Pharma, Med, Biotech 1.9 3.9
Real Estate 1.8 0.3

February 2, 2018   No Comments

Western Union Launches India R&D, Tech Center

Englewood, CO-headquartered financial services and communications company, Western Union, announced the launch of its Western Union Technology Engineering Center (WUTEC) in Pune, 75 miles east of Mumbai, in the state of Maharashtra, India. The new research center will serve as Western Union’s innovation and engineering hub in the region.  It will focus on developing and building technology aimed at improving digital retail customer experiences around the globe.

“Innovation is hardwired in our DNA. As the company that invented the concept of digitizing money, Western Union is uniquely positioned at the intersection of money and technology. WUTEC India will join our other key technology centers across the world to expand the reach of our omnichannel platform, integrating our digital efforts with our iconic physical agent network to serve a vast global customer base,” said Hikmet Ersek, president and CEO of Western Union.

Picture of cash, calculator and laptop

“On the anniversary of 25 years of our service in India, this is a fitting start to a new chapter. We are extremely proud to have connected Indian diaspora from nearly every country in the world by enabling money movement to their families and loved ones,” added Ersek. “Over this time frame, Western Union has formalized money movement into urban, semi-urban and rural India, giving millions of consumers the assurance of receiving cash or money deposited directly into millions of bank accounts. This new tech center is the continuation of our transformation journey.”

January 31, 2018   No Comments

Private Equity Funds in India to Increase in 2018

2017 was one of the strongest years for private equity funds and venture capital investments in India, and 2018 is poised to exceed the previous year figures as more than 20 India based funds have in principle secured and closed cumulative fund raising of approximately $3 billion. 80 other companies in the process of roadshows are expected to raise an additional $15 billion. Another key trend is that promoters are willing to dilute management stakes.

Road infrastructure, consumer lending, fintech, healthcare, consumer goods and disruptive technologies will continue to attract strong investment. There will be a lot of positive activity around IPOs, and mergers and acquisitions in 2018, specifically in the financial sector.  M&A will pick up given the amendments to the insolvency and bankruptcy codes recently passed by the parliament in India.

A case of dollar bills

The article also says that global private equity funds and strategic investors are looking to invest over $8 billion in 10-12 large  Indian  companies that are going insolvent.

January 31, 2018   No Comments

Sequoia to Raise $1 Billion India-Focused Fund

Menlo Park, California-based Sequoia Capital plans to raise up to $1 billion for its sixth India-focused fund, making it the largest corpus raised for India markets. The corpus will be raised across multiple vehicles, such as as venture capital focused on technology companies, and growth-stage capital focused on consumer and other non-tech investments.

Sequoia Capital’s team in India also leads investments in Southeast Asia and has set up an office in Singapore. This region will be a significant part of the strategy in the upcoming fund for Sequoia Capital India, which manages about $3.2 billion of investments.
A signborard with 'investment' written on it

January 30, 2018   No Comments

AngelList Launches Syndicate Services for India

San Francisco-based AngelList, a crowdfunding platform and start-up community, launched ‘Syndicates for India’— a way for investors in India to invest alongside experienced angels and venture investor funds that invest in India’s vibrant tech ecosystem.

AngelList Logo

For investors, syndicates are a private single-deal investment vehicles that let an investor invest in startup allocations shared by syndicate leads, enabling more angels to participate by getting access to top deals. Similar to a venture investor fund, syndicates provide experienced investors the opportunity to earn carried interest on their allocation, and the ability to write bigger checks by pooling capital from dozens of backers in the ecosystem

These syndicate programs operate in the U.S., Canada, and the U.K. and through them, AngelList has facilitated investments of $700 million combined in over 1,800 start-ups including Uber and Indian start-ups such as ClearTax, DocTalk and Squad.

January 24, 2018   No Comments