Sep 2015
Lighthouse recently part-exited its investment in Dhanuka Agritech. Mid-market private equity firm Lighthouse Funds plans to invest in Saharanpur (Uttar Pradesh)-based Indian Herbs Specialities Pvt Ltd, which is engaged in research and manufacturing of herbal animal health care products, in its second deal this year.
The PE firm intends to invest through a mix of primary issue of shares and purchase of stake from the company's promoters, as per its filing to the Foreign Investment Promotion Board, the nodal body clearing foreign investment proposals in India.
Aug 2015
After making its debut in Mumbai with its first standalone store in the suburbs and a second in Goregaon, Kama Ayurveda opens doors to its third store today. This time, it brings happy news for its customers in South Mumbai.
Nestled in the heart of Warden Road, it is spread across 485 sqft and houses the brand’s bestsellers—everything from its famous Kumkumadi Miraculous Beauty Fluit to its new offerings like the Tulsi Soap.
The shop borrows from Kama’s luxurious aesthetics, evoking a sense of luxe wellbeing with jalousie shutters, chequerboard marble flooring
Jun 2015
Bengaluru: Unibic Foods, known for its range of cookies, will expand its portfolio of Rs.10 biscuits in an attempt to gain share from the likes of Britannia and ITC at the lower end of the Rs.23,000 crore Indian biscuit market.
The strategy shift will help the biscuit maker gain clout in a market that sees the bulk of its sales at lower price points. It will also help the decade-old company gain distribution advantage.
The Rs.10 and Rs.5 price points constitute more than 70% of sales in the Indian biscuit market, driven by large food companies such as Parle Products Pvt. Ltd
Jun 2015
Ghee is healthy and does not induce fat – as long as you don’t eat gulab jaamun with ice cream. Alcohol is not a taboo – as long as the dosage is just right. Every statement had its own terms and conditions, said Dr Vivekanand, clinical registrar at IAIM Healthcare Centre, Bengaluru. He was talking about Ayurveda and how it is individualised, at a session hosted by KAMA Ayurveda, an ayurvedic brand, in association with the Duchess Club at Savera Hotel, on Monday. After the interactive session, a brief about the different products offered by Kama Ayurveda was explained by Vivek Sahni
Apr 2015
XSEED Education Pte, a Singapore-incorporated K-12 education solutions company, has signed an agreement to acquire the online education and learning management business of Pleolabs, a New Delhi-based education technology startup for an undisclosed amount, the company said in a press release.
The deal is subject to customary closing conditions and is expected to close this month.
As a part of the deal, Kshitij Chopra and Yash Sahay, co-founders of Pleolabs, will be joining XSEED as key members of the core technology product development
Apr 2015
Mid-market private equity firm Lighthouse has part-exited its over four years old investment in Dhanuka Agritech, a public-listed firm involved in the business of agro-chemicals & seeds, with a multi-bagger, it is learnt.
Lighthouse had invested Rs 35 crore in Dhanuka Agritech in late 2010 through a preferential allotment which gave it 8.25 per cent stake. It started selling shares of the firm around a year ago and with the latest tranche early this week has divested a little over half of its stake. In the process it has pocketed around Rs 95 crore, with over 5x in gross returns in local currency.
Apr 2015
XSEED Education , a Singapore based K-12 education startup has today announced an agreement to acquire the online education and learning management business of Pleolabs, an Indian education technology startup for an undisclosed valuation.
XSEED Education is an innovative K-12 startup focused on enhancing school learning with high-quality proprietary curriculum, training, and assessment capability. XSEED’s learning programs raise the level of learning in classrooms by integrating well-researched curriculum with ongoing teacher development
Jan 2015
MUMBAI : Sanitary ware maker Cera Sanitaryware Ltd on Thursday announced that its board has given its approval to raise Rs.70.6 crore by issuing shares to India 2020 Fund II, the second fund of private equity (PE) investor Lighthouse Advisors India Pvt. Ltd, the firm said in a filing to BSE.
Cera will issue 351,000 equity shares to the fund at a price of Rs.2,011.50 apiece on a preferential basis, the firm said in the filing.
The firm’s board also decided to increase the aggregate limit of foreign institutional investor (FII) holding in the company from 24% to 36%.