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Bikaji Foods Acquires 49% Stake In Bhujialalji For Rs 5.10 Crore

OutlookIndia

OutlookIndia · 2y ago

Bikaji Foods Acquires 49% Stake In Bhujialalji For Rs 5.10 Crore

Bikaji Foods, an e-commerce startup, acquired a 49% stake in BhujiaLalJi for INR 5.10 crore. This strategic move aims to strengthen Bikaji's position in the food industry by integrating BhujiaLalJi's expertise and products. The acquisition is expected to boost both companies' growth and expand their market presence in the competitive e-commerce sector. The transaction included 9,608 equity shares and 396 CCDs at Rs 5100 value per security, with the face value of each equity share standing at Rs 10

Related News

Bikaji Foods clarifies after ED summon to MD in Rajasthan Premier League probe

Economic Times

Economic Times · 8d ago

Bikaji Foods clarifies after ED summon to MD in Rajasthan Premier League probe

Bikaji Foods issued a statement after its Managing Director was summoned by the Enforcement Directorate (ED) amidst a probe into the Rajasthan Premier League. The company clarified its limited role as a sponsor for brand visibility and growth, with no involvement in league management. Bikaji Foods affirmed that all financial transactions were documented and conducted through valid banking channels, pledging full cooperation with authorities and adherence to legal requirements.

Infibeam acquires 49% stake in Pirimid Fintech

Entrackr

Entrackr · 1y ago

Infibeam acquires 49% stake in Pirimid Fintech

Fintech firm Infibeam Avenues has acquired a 49% stake in Pirimid Fintech for INR 25 crore. This acquisition marks Infibeam's entry into the capital markets and digital lending software market. Pirimid offers solutions for capital markets, banking and lending, and AI and ML. The partnership will allow Pirimid to develop new digital lending solutions, streamlining the lending process with Infibeam's expertise and technology resources. Infibeam has previously acquired other companies like Sintex Corporate House and Vishko22 Products & Services. In Q2 FY24, Infibeam reported a consolidated gross revenue of INR 789.9 crore with a profit after tax of INR 38.3 crore.

Bikaji Foods' management snubs prospects of possible sale

VCCircle

VCCircle · 1y ago

Bikaji Foods' management snubs prospects of possible sale

Bikaji Foods, an Indian snacks maker, has stated that it is not for sale and is instead looking to expand its own business. The company aims to capitalize on the increasing demand for savoury brands in India, a top executive has revealed. Bikaji's decision comes after talks of acquisitions between Tata Group and Haldiram's, its primary competitor. Bikaji plans to focus on acquisitions that can help expand distribution and boost its presence in the frozen-food market. The company has a budget of INR 1-1.5 billion ($12-18 million) for potential targets.

MobiKwik acquires 3.39% stake in Blostem Fintech

Entrackr

Entrackr · 6m ago

MobiKwik acquires 3.39% stake in Blostem Fintech

MobiKwik acquires 3.39% stake in Blostem Fintech One MobiKwik Systems, the parent company of fintech firm MobiKwik, is acquiring 3.39% of the share capital (on a fully diluted basis) of Blostem Fintech. According to MobiKwik, it intends to invest a total of Rs 1.49 crore for a 3.39% equity stake in Blostem as part of the second tranche of the share subscription and shareholders’ agreement dated March 13, 2024. In an earlier agreement, MobiKwik committed to investing Rs 3 crore in Blostem’s equity shares in two tranches. The first tranche of Rs 1.5 crore was paid in March 2024 for a 3.40% stake in Blostem’s fully diluted paid-up capital. Co-founded in 2021 by Ravi Jain and Sandeep Garg, Blostem is a B2B banking infrastructure platform specializing in Fixed Deposit (FD) aggregation as its core offering. The company has built strategic partnerships with multiple banks and NBFCs, seamlessly integrating their financial products through robust API solutions. Blostem reported revenue of Rs 30.76 lakh for the fiscal year ending in March 2024. MobiKwik’s revenue from operations increased to Rs 269 crore in Q3 FY25 from Rs 229 crore in Q3 FY24. However, earnings declined by 7.6% in Q3 FY25 compared to Rs 291 crore in Q2 FY25. MobiKwik's registered user base has grown to 172 million, with 5 million merchants. The company’s payment GMV has also doubled year-on-year to Rs 29,400 crore.

Easy Trip Planners enters into definitive agreements for investments in Pflege, Jeewani Hospitality, Planet Education | Company Business News

Livemint

Livemint · 9m ago

Easy Trip Planners enters into definitive agreements for investments in Pflege, Jeewani Hospitality, Planet Education | Company Business News

Easy Trip Planners, the parent company of EaseMyTrip, has entered into agreements for three strategic acquisitions. They have acquired a 49% stake in Dubai-based Pflege Home Health Care Center for ₹30 crore, expanding into the healthcare and medical tourism sector. They have also acquired a 50% stake in Jeewani Hospitality in Uttar Pradesh for ₹100 crore, aiming to enhance their hotel operations. Additionally, they secured a 49% stake in Australia's Planet Education for ₹39.2 crore, venturing into the international education and student services market. These acquisitions are part of the company's efforts to diversify and strengthen its portfolio.

Exclusive: Rebel Foods raises Rs 150 Cr debt from Alteria and InnoVen

Entrackr

Entrackr · 11h ago

Exclusive: Rebel Foods raises Rs 150 Cr debt from Alteria and InnoVen

Exclusive: Rebel Foods raises Rs 150 Cr debt from Alteria and InnoVen Foodtech Unicorn Rebel Foods secured Rs 150 crore ($17 million) in debt funding from existing investors Alteria Capital and InnoVen Capital. The debt comes months after its $25 million funding from Qatar Investment Authority. According to its filing sourced from the Registrar of Companies (RoC), Rebel Foods’ board approved the allotment of 15,000 non-convertible debentures (NCDs) at a face value of Rs 1 lakh each to raise the above-mentioned amount. Alteria Capital invested Rs 90 crore ($10.2 million), while InnoVen Capital contributed Rs 60 crore ($6.8 million). Each debenture carries a coupon rate of 13.9% per annum with a tenure of three years, maturing on September 2, 2028. Rebel Foods declined to comment on the queries sent by Entrackr. Founded in 2011 as a quick-service restaurant, Rebel Foods has grown into one of the largest cloud kitchen operators, with over 450 kitchens across India, the MENA region, Indonesia, the UK, and 75 Indian cities. Its portfolio includes brands such as Faasos, Behrouz Biryani, Oven Story Pizza, Lunchbox, The Good Bowl, and Wendy’s, among others. In February this year, Rebel Foods announced that it had launched its 15-minute food delivery app, QuickiES. According to TheKredible, the Mumbai-based firm has raised approximately $780 million to date, including a $210 million Series G round led by Temasek, comprising a mix of primary and secondary stake. Rebel Foods’ revenue from operations grew to Rs 1,420 crore in FY24 as compared to Rs 1,195 crore in FY23. During the same period, the firm cut down its losses by over 42% to Rs 378 crore. It competes with Curefoods, EatClub, Biryani By Kilo, FreshMenu, Biryani Blues, Kitchens@, Bigspoon, and HOI Foods.

Infibeam acquires Rediff; Bebe Burp raises pre-Series A funding

VCCircle

VCCircle · 1y ago

Infibeam acquires Rediff; Bebe Burp raises pre-Series A funding

Infibeam Avenues, a payments infrastructure and SaaS company, has acquired a 54.10% stake in online information portal Rediff for Rs 25 crore. Rediff, valued at Rs 46.2 crore, has been experiencing declining turnover in recent years. In addition to the acquisition, Infibeam will provide Rediff with a loan of Rs 25 crore. Meanwhile, Baby food brand Bebe Burp has raised Rs 8 crore in pre-Series A funding from Gruhas Collective Consumer Fund. The funds will be used for growth, operations, product development, and team building for production. Bebe Burp plans to expand into regions with higher market potential and strong competition.

Zaggle on M&A spree, acquires one firm, invests in another

VCCircle

VCCircle · 11m ago

Zaggle on M&A spree, acquires one firm, invests in another

Zaggle Prepaid Ocean Services has acquired a 98.3% stake in Span Across IT Solutions for around Rs 32 crore. The acquisition will allow Zaggle to enter the employee-related business segment. Additionally, Zaggle's board has approved a Rs 15.6 crore investment for a 26% ownership capital in Mobileware Technologies, a digital payments infrastructure company. Mobileware offers a suite of certified switch solutions for various payment systems.

Cookies, cakes & stakes: Theobroma may change hands

Livemint

Livemint · 1y ago

Cookies, cakes & stakes: Theobroma may change hands

The promoters and investors of Theobroma Foods, a popular patisserie chain in India, are in talks with merchant bankers for a stake sale. ICICI Venture, which currently holds a 42% stake in the company, is looking to sell its entire stake for around ₹1,200 crore. The chain's founding family is also planning to exit. Theobroma Foods, founded in 2004, has grown to become a pan-India chain with 194 stores. The company is expected to be valued at around ₹2,800 crore. The formal sale process is yet to be launched.

Govt-owned LIC acquires 6.66% stake in Jio Financial Services through demerger action

IndianStartupNews

IndianStartupNews · 2y ago

Govt-owned LIC acquires 6.66% stake in Jio Financial Services through demerger action

Indian government-owned Life Insurance Corporation of India (LIC) has acquired a 6.66% stake in NBFC firm Jio Financial Services through a demerger action, reportedly taking its stake value to Rs 10,030 crore.

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