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Software solutions provider Nemetschek Group eyes M&A opportunities in India
Economic Times
ยท
1y ago
Medial
Nemetschek Group, a global software solutions provider for the construction industry, has identified India as a key growth market. Yves Padrines, CEO of Nemetschek Group, mentioned that India offers immense potential due to its low level of digitization in the construction sector. The company aims to streamline workflows, reduce project timelines, and promote sustainability with its advanced BIM tools and integrated platforms. Additionally, Nemetschek India plans to collaborate with local firms and educational institutions to foster talent and innovation. India's booming construction market, including the National Infrastructure Pipeline projects, presents a significant opportunity for the company.
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Germany's Nemetschek Group to float India-focused VC fund
VCCircle
ยท
1y ago
Medial
Germany's Nemetschek Group is planning to launch a venture capital fund focused on funding startups in India. Nemetschek Group, known for its software solutions for various industries, including architecture and engineering, aims to support Indian startups through this fund. The group currently owns several brands and has a strong global presence. This move demonstrates their interest in the Indian market and their commitment to investing in the country's entrepreneurial ecosystem.
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IBS Software eyes more biz opportunities in Indian airlines industry
Economic Times
ยท
5m ago
Medial
IBS Software, a leading SaaS solutions provider in the travel industry, plans to explore more business opportunities in India's airlines and loyalty programmes segments. The company's Executive Chairman, V K Mathews, highlights India's growth potential, despite its price-sensitive market. IBS Software, serving various global clients, aims to work with airlines like IndiGo and Akasa Air. Mathews notes the shift in India from seeing IT as a cost to recognizing its value, marking a changing trend.
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Middle Eastโs Hades Financial eyes deeptech, SaaS investments in India
Livemint
ยท
1y ago
Medial
Riyadh-based investment firm, Hades Financial Private Capital Group, plans to invest $500 million in India by 2027. Currently, India represents around 15-18% of the firm's global assets under management (AUM), and it aims to gradually increase this share. The company, with over $4.6 billion in global assets, is focusing on deeptech and software-as-a-service (SaaS) investments in India. Hades Financial recently announced $28 million investments in two Indian firms, Somerset Indus Capital Partners and Cedar IBSi, as part of its strategy to tap into emerging opportunities in the Indian market.
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FlexiCloud Internet Gets Strategic Investment From Ramoji Group
Inc42
ยท
1y ago
Medial
Food manufacturing company Ushodaya Enterprises, part of the Ramoji Group, has made a strategic investment in FlexiCloud Internet, a cloud hosting solutions provider based in Kochi, India. The amount of the investment has not been disclosed. With this investment, FlexiCloud plans to expand its market presence, enhance customer service capabilities, and invest in research and development. Ushodaya Enterprises aims to expand its presence in Kerala through this investment. The cloud computing market in India is projected to reach $35.15 billion by 2033, offering growth opportunities for companies like FlexiCloud.
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M&M evaluating EV battery manufacturing unit
Thehindubusinessline
ยท
1y ago
Medial
Indian automaker Mahindra & Mahindra (M&M) is considering the establishment of a battery plant for its electric vehicles (EVs). The company will assess the feasibility of the project and explore potential partnerships. M&M had previously collaborated with Volkswagen to explore electrification opportunities and the localization of cells in India. However, progress on this front has been slow as Volkswagen has multiple global giga plants to prioritize before focusing on India. M&M plans to launch its Born electric vehicles in 2025.
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Prosus Eyes PayU IPO In 2025
Inc42
ยท
9m ago
Medial
PayU, a payments solutions provider, has decided to delay its initial public offering (IPO) until 2025. Prosus, the investor, had initially considered PayU's IPO for 2024. PayU has selected Goldman Sachs as one of the lead bankers for the IPO and plans to file its draft red herring prospectus (DRHP) by early 2025. Prosus, meanwhile, has expressed confidence in its India portfolio, citing strong gains from Swiggy's recent IPO and a promising pipeline of potential IPOs in the country.
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Insurance broker Howden appoints new India MD, M&A head
VCCircle
ยท
3m ago
Medial
Insurance broker Howden has appointed Mandira Gupta as the new Managing Director for India and Head of Mergers and Acquisitions for India, Middle East, and Africa. Gupta, formerly with Marsh India, brings over two decades of expertise in M&A insurance and investment banking. She will focus on private equity and transactional risk insurance solutions at Howden. Howden India, established in 2004, operates under the UK-headquartered Howden Group.
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Incofin-backed Save Group back in black FY24, but profit still a third of FY21
VCCircle
ยท
10m ago
Medial
Save Solutions Pvt. Ltd (Save Group), a rural credit provider in India, reported a return to profitability in the financial year through March 2024, following two years of losses. Despite this positive development, the company's profits in FY24 were still only a third of what they were in FY21. Save Group is supported by investors Incofin and Maj Invest.
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Green energy O&M firm Renom gets $100 mn tag as it gets a buyer
VCCircle
ยท
1y ago
Medial
Renom Energy Services, a renewable energy operations and maintenance (O&M) company, is getting acquired in a two-stage transaction that values the company over $100 million. The Pune-based company, established in 2015, is part of the Sanjay Ghodawat Group. Renom specializes in O&M services for green energy projects. The acquisition will provide the company with new ownership and potentially further growth opportunities in the renewable energy industry.
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Grapevine: Aachi Masala eyes funding from IndiaRF; Loginext liquidates assets
VCCircle
ยท
11m ago
Medial
Chennai-based Aachi Masala is reportedly in talks to secure funding between $80-100 million from India Resurgence Fund (IndiaRF), a private equity firm. The funding is expected to support the expansion plans of Aachi Masala. However, the due diligence process is causing delays due to the complex business structure of Aachi. In a separate development, logistics solutions provider Loginext has liquidated its assets due to financial difficulties.
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