News, Deals and Events from FinancePlus

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Warburg Pincus to invest $200 million in Kalyan Jewellers

Economic Times NEW DELHI: Warburg Pincus is set to invest $200 million in Kalyan Jewellers for a minority stake in Kalyan Jewellers as the appetite for retail gold jewellery franchisee among private equity investors remains undiminished despite regulatory controls and higher import duties. Kalyan Jewellers, one of the largest jewellers in the country, could also […]

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Russian pension funds to invest $1 billion in venture funds and innovative companies

In a confirmation of the country’s commitment to developing new technologies, the Russian government announced that a fraction of the total assets of the country’s pension savings funds will be invested in the shares of venture capital funds, as well as in securities and the financial instruments of high-tech companies. Prime Minister Dmitry Medvedev has […]

Moscow

Mail.ru Group paid $345 million for its 12% stake in VKontakte

East-West Digital News In its accounts for the first half of 2014, Mail.ru Group has disclosed the sum it paid in April of this year to Ivan Tavrin for 12% of VKontakte, Russia’s leading social network also known as VK.com. The stake cost the group around $345 million, valuing the company at almost $2.9 billion. The LSE-listed Internet group […]

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Mobile Verification Service Zumigo Closes $6 Million Series B Round Led By Intel Capital

TechCrunch Mobile device and location verification service Zumigo closed a Series B funding round led by Intel Capital on Friday, reporting it raised $6 million. Zumigo wants to take the password out of the authentication process. Using the location of your phone, Zumigo can identify whether you’ve made a financial transaction based on the proximity […]

Banking and Finance

Kinnevik says Holtzbrinck Ventures takes 2.5 pct stake in Rocket

STOCKHOLM, Aug 22 (Reuters) – Kinnevik welcomes Holtzbrinck Ventures as a rocket shareholder * Holtzbrinck Ventures (“HV”), is contributing its entire stakes in seven of Rocket’s most developed e-commerce businesses directly into Rocket, in exchange for equity in Rocket Internet AG. * Says HV receives a 2.5% stake in rocket * Says post-closing, Kinnevik will […]

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Russia’s Quadro Capital Partners and Forex Club to invest $200 million in international online trading

East-West Digital News Last week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The total volume of investments could reach up to $200 million, as reported by Russian news agency Interfax. Both acquisitions with […]

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PonoMusic Raises More Than $6M In Equity Crowdfunding In One Week

TechCrunch Neil Young’s startup PonoMusic became the fourth-most funded project on Kickstarter back in April, when it raised $6.2 million on a goal of $800,000. The project now has raked in an additional $6 million in equity funding from a Crowdfunder campaign. Pono Music is building a music download service and physical music player that […]

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Restaurant Discovery Service Zomato Eats Its Way Into Central And Eastern Europe

Zomato, the restaurant search and discovery service that’s raised a whopping $55 million in VC, is making good on its promise to continue expanding to more countries beyond its origins in India. The 2008-founded company — which counts Yelp, IAC-owned Urbanspoon, Priceline-acquired OpenTable, and TripAdvisor as competitors — is adding a presence in Central and […]

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Catalyst CEL Fund invests $42 mln in Lamina Technologies

JERUSALEM, Aug 21 (Reuters) Aug 21 (Reuters) – The Catalyst CEL Fund said on Thursday it had agreed to invest $42 million in Lamina Technologies, a Swiss-based maker of metal-cutting tools. The fund said it would invest $10 million of new capital into Lamina, which was founded in Israel, to fuel global expansion and up […]

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Laila Nutraceuticals in talks with global PEs to raise $40 million

MUMBAI: Promoters of Laila Nutraceuticals, an export-oriented business unit of the Andhra-based Laila Group, is in talks with global PE funds to raise around $40 million, two people with direct knowledge of the development said. The company that’s being valued at around $150 million, will look to sell up to 40 per cent stake. “The […]