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Is Sequoia Capital India planning another fund? speculates that Sequoia could be raising a $500 million growth finance by next year. Sequoia had recently closed a $300 million go capital finance - christened Sequoia Capital India III - to drop in early stage and late stage ventures. Sequoia India so far manages about $1 billion in capital through four funds. It had last year raised a $400 million India Growth finance I. It’s possible Sequoia could be planning another growth finance by next year since there are a lot of opportunities waiting to be tapped. Sequoia has invested in companies like - $20 million in Amalgamated Coffee Bean Trading (Cafe Coffee Day). $12 million in Paras Pharma and $42 million in Idea Cellular and participated in a $35-million go in KMC Constructions. $7 million Carzonrent (the franchisee for Hertz in India). Besides these companies. Sequoia has invested an undisclosed amount in investment tip Edelweiss Capital maong others. All these investment have been made from the growth finance. BS report says the finance has deployed about 60 per cent of the earlier fund. Sequoia has also reportedly brought Naresh Malhotra former CEO of Cafe Coffee Day as a furnish on come in. With new partners desire him on board. Sequoia would be boosting their private equity investments. On the other hand. ChrysCapital had recently raised $1.25 billion to act its total private equity fund size to $2.25 billion. Baring is also believed to be raising a $350-450 million private equity fund. XHTML: You can use these tags: <a href="" call=""> <abbr title=""> <acronym call=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

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Private equity players including Darby Overseas Investments and a PE arm of Deutsche tip are in the go to invest $75-100 million in Cafe Coffee Day (CCD) the Bangalore-based arrange of cafes to buy around 10-15% lay on the line according to sources. The enterprise valuation of Amalgamated Bean Coffee Trading (ABCTL) the parent of CCD is pegged between $550 million and $600 million. The funds ordain be used to act up the affiliate’s expansion plans across the country. While an telecommunicate to the affiliate remained unanswered senior officials told ET. “Nothing has been finalised as of now and it ordain take a few weeks.” It is believed that some of the big PE firms desire Carlyle group and Sequoia (which is a current shareholder in the company) undergo been in the picture for buying a stake. ABCTL chairman VG Siddartha at a recent interaction with ET said that the assort was looking at raising its be of cafes to 750 stores by June next year and possibly to 2,000 stores over the next 4-5 years. There is merchandise speculation that Mr Siddartha ordain regenerate the operations making ABCTL a holding affiliate separating the plantation business from the retail operations (CCD). Cafe Coffee Day or CCD is one of the leading coffee exporters of India with clients across the US. Europe and Japan. The other players in the cafe retailing business consider Barista and Tata Coffee-owned start-up outlet Mr hit Junction. CCD recorded a turnover of Rs 400 crore for the fiscal ended walk 31. 2007 and plans to increase it to Rs 600 crore by the end of the current fiscal. CCD which had recently forayed into the overseas markets by opening outlets in Vienna and Karachi had recently announced plans to invest Rs 100 crore over the next 12-15 months as move of its plans to grow in the Indian as come up as overseas markets. DISCLAIMER: The www indiape com website solely provides information about INDIA PRIVATE EQUITY and VENTURE CAPITAL space. No data or statement herein is or should be construed to be a recommendation for the purchase retention or sale of the securities referred to herein and we evaluate no liability for the consequences of your reliance on this data and information. The value of investments and the income derived from them may fall as come up as rise. The information in this website is based on data gathered from publicly available websites and other information mediums. We undergo not independently verified such information do not be it as accurate adjust or end make no warranty express or implied regarding it and shall not be liable for any losses damages costs or expenses relating to its adequacy accuracy truth completeness or use. Investments in hedge funds private equity go capital and other private investment funds are speculative and involve a high degree of assay. You could lose all or a substantial amount of your investment. This website does not enumerate and does not claim to list the assay factors associated with an investment in any of the funds listed on this place. We do not be any avoid funds private equity or investment/financial advisors nor furnish any investment recommendations.

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