Asks Buzz: Amazon buys a 9.5% stake in Future Retail

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Amazon will buy a 9.5% stake in Future Retail

Amazon intends to acquire a minority stake in Future Retail next week, potentially giving the e-commerce platform access to almost one third of the organized food and grocery market in the country through the Big Bazaar and Nilgiris supermarket chains and other points of sale, The Economic Times reported. The contract with the investment arm Amazona is set at around 2.5 thousand. Crore. Future Retail has over 1,100 physical stores in India. The companies began exploring the alliance in January this year, when the founder of Future Group Kishore Biyani met Amazon's founder Jeff Bezos at his headquarters in Seattle for the first time. Then a series of meetings between the heads of both companies in India and the USA took place. read more

The Softbank Fund & # 39; s Kabir Misra will invest in Meesho, Acko

RPS Investment Fund, created by Softbank Investment Advisers, managing partner of Kabir Misra, intends to purchase shares in Commerce Commerce Meesho and insurer Acko, Mint he reported, citing two people who knew the case. The fund, valued at USD 200-250m, is a subsidiary of SoftBank Group Corp. as an anchor with limited liability. RPS wants to invest nearly $ 10-15 million in Meesho as part of a larger funding round. Russian billionaire Yuri Milner can participate in the proposed funding round. Meesho recently raised $ 11.5 million in Series B from Sequoia India, SAIF partners, Y Combinator and Venture Highway. So far, he has received about 15 million dollars in total. read more

Shunwei Capital acquires $ 1.21 billion for its sixth global fund

Chinese early and rising risk capital fund, Shunwei Capital, acquired one of the largest funds for USD 1.21 billion, covering the total value of assets managed by the company in the amount of more than USD 3 billion in all funds, The Economic Times reported. The size of his latest and sixth fund is particularly significant for India, which became the second most important landscape for Shunwei Capital in its native country. A venture capital company founded by the maker of smartphones, the founder of Xiaomi Lei Jun and Tuck Lye Koh, initially began with relatively small controls in India, even if the fund remains an active supplier of capital at the growth stage in China. However, in the last few quarters, Shunwei has doubled in India, increasing the number of checks at the development stages of companies, using its knowledge of the Chinese market and betting on start-ups that can benefit from the mobile internet boom. read more

Altico invests Rs 650 crore in the Renaissance magazine project

Altico Capital India Ltd, a real estate-oriented, non-banking financial company (NBFC), entered the storage and logistics sector, investing ₹ 650 crore in the ongoing industrial and warehouse project of the Renaissance Group in Bhiwandi near Bombay, Mint reported. The investment includes a subsidy of 50 crore from an investment company focused on Asia and the founding shareholder Altico, Clearwater Capital Partners Llc (now Fiera Capital, after the latter acquired it earlier this year). Altico is also supported by the Abu Dhabi Investment Council and Varde Partners Inc. The transaction is in line with the Altico strategy for diversification beyond commercial office and residential properties, infrastructure, health, education and hospitality. This is to achieve the company's goal of doubling the loan portfolio to $ 2 billion over the next 18 months. read more

Aavishkaar plans to raise $ 300 million for the South Asian fund

The largest investor in India, invested according to the size of the investment, Aavishkaar Group plans to raise $ 300 million at the beginning of next year for its fund focused on South Asia to invest in financial services, agriculture, energy and health – said the Mint. The fund will be used, inter alia, for investments in Vietnam, Indonesia, Myanmar and Laos. Aavishkaar is part of the Aavishkaar-Intellecap conglomerate, which also includes companies such as IntelleGrow, a non-bank financial firm (NBFC), which lends to small and medium-sized enterprises; Tribe, a fintech platform connecting lenders with small entrepreneurs; and Arohan, a microfinance lender focused on East India. The funds will be raised from state-owned investors in Singapore, Japan, Australia and the United Kingdom, in addition to Asian development finance institutions. read more