After investing $100 mn (Rs 750 cr) for a minority stake in Blinkit (Grofers) last year, Zomato now approves a further investment upto $150 mn (approx Rs 1,150 cr) into the Company. Key points to note: The subject investment is in the nature of loan to be disbursed in one or more tranches. Rate of … Read more
Zomato has announced fresh investment into Mukunda Foods Private Limited (MFPL). Key points to note: MFPL, founded in 2012 is into the design & development of automated kitchen food equipment. It’s current product portfolio includes – deep fryers, rice/ noodle/ pasta maker, chinese food, dosa maker and grilling machine. It’s products are more technologically advanced, … Read more
Recently in December 2021, Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries had acquired 100% of Faradion Limited (FL), a British battery maker specialising in sodium-ion technology. Now, RNEL is acquiring 100% of Lithium Werks BV (“LWB”), a Dutch Company focused on cobalt free and high performance Lithium Iron Phosphate … Read more
United Spirits Limited (USL) is investing into Nao Spirits & Beverages Limited. Key points to note – USL is investing Rs 31.50 crore for a 22.5% stake on fully diluted basis Rs 20 crore primary for 14.29% stake: fresh CCPS + equity shares Rs 11.50 crore secondary for 8.21% stake – acquisition of equity shares … Read more
Info Edge has invested Rs 91 crore into Aisle Network Private Limited. Key points to note – Aisle, founded in January 2014 is engaged in the business of running multiple dating platforms – Aisle, Anbe, Arike and HeyDil. Info Edge is investing the said amount into Equity shares (primary and secondary) and Compulsorily Convertible Preference … Read more
Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more
Reliance now gets into electronics manufacturing through a JV with Sanmina Corporation (SC), an American electronics manufacturing company. Key points to note – Reliance through it’s wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL) will own 50.1% in the JV and SC the balance 49.9%. For it’s share, RSBVL is investing Rs 1,670 crore. … Read more
Mahindra Logistics (ML) has announced strategic investment into Zipzap Logistics Pvt Ltd. Key points to note – Founded in 2018 and headquartered in Hyderabad, ZipZap is a tech enabled last-mile delivery logistics company operating under the brand name Whizzard. Total deal value is Rs 71.7 crore in lieu of which ML will get 60% stake … Read more
For almost a year, I have been confused about how Future retail stores are getting funding to operate given – the poor financial health of the group; and 2020 deal with Reliance retail not getting concluded due to the legal dispute with Amazon. Operating the stores meant expenses in the form of lease payments, employee … Read more