Buzz Deals: Amazon buys 9.5% stake in Future Retail

The agreement of the Amazon investment arm is valued at about 2,500 crores of rupees. Future Retail has more than 1,100 physical stores in India. Photo: Mint

Mint ] presents you the main offers published in the press rooms of the country.

Amazon buys a 9.5% stake in Future Retail

Amazon is preparing to acquire a minority stake in Future Retail next week, potentially giving the electronic commerce platform access to nearly one-third of the country's organized market in Big Bazaar and Nilgiris supermarket chains and other outlets, The Economic Times announced that the investment division's market Amazon would be around 2,500 crore. The company began exploring an alliance last January when its founder, Kishore Biyani, met for the first time with Amazon's founder, Jeff Bezos, at his Seattle headquarters. meetings of the leaders of both companies in India and the United States. To find out more

Softbank's Kabir Misra fund will invest in Meesho, Acko

The RPS investment fund, created by the general manager of SoftBank Investment Advisers, Kabir Misra, will take stakes in the Meesho social commerce start-up and insurance provider Acko, said Mint citing two people close to the case. The fund, with between $ 200 million and $ 250 million, includes SoftBank Group Corp. as the main partner. RPS plans to invest nearly $ 10 million to $ 15 million in Meesho as part of a broader funding round. Russian billionaire Yuri Milner could participate in the proposed funding cycle. Last time, Meesho raised $ 11.5 million in a Series B from Sequoia India, SAIF Partners, Y Combinator and Venture Highway. He has received up to now a capital of about 15 million dollars. To learn more

Shunwei Capital Raises $ 1.21 Billion for its Sixth Global Fund

China's Venture Capital Growth and Growth Fund, Shunwei Capital, has raised one of its largest funds to date, with $ 1.21 billion. business to over $ 3 billion on all of its funds, The Economic Times reported. The size of its last and sixth fund is particularly important for India, which has become the second most important landscape for Shunwei Capital after its native China. The venture capital company created by the creators of smartphones The founders of Xiaomi, Lei Jun and Tuck Lye Koh, started with relatively small checks in India, while the fund remained an active provider of capital growth in India. China. However, over the past few quarters, Shunwei has doubled the Indian market with larger check sizes at growth stages for companies, taking advantage of its learning from the Chinese market and focusing on startups that can take advantage of the boom in the market. Mobile Internet. To find out more

Altico invests 650 billion rupees in the Renaissance Warehouse Project

Altico Capital India Ltd, a nonbank financial firm specializing in real estate (NBFC), s 39 is launched in the warehousing and logistics sector by investing 650 crore in the Renaissance. Industrial Park and Storage Project underway at Bhiwandi, near Mumbai, Mint published. The investment includes a co-investment of 50 crores from the Asian-focused investment company and Altico's founding shareholder, Clearwater Capital Partners Llc (now called Fiera Capital after the latter). acquired earlier this year). Altico is also supported by the Abu Dhabi Investment Council and Varde Partners Inc. The transaction is in line with Altico's strategy to diversify its activities beyond office and residential buildings, into infrastructure, healthcare, education and the hotel industry. The goal is to double its loan portfolio to $ 2 billion over the next 18 months. To find out more

Aavishkaar plans to raise $ 300 million for South Asian fund

The Aavishkaar group, the largest investor in India having a significant impact on its capital, plans to raise $ 300 million for its fund focused on Southeast Asia early next year. services, agriculture, energy and health, the Mint reported. The fund will be used for investments in Vietnam, Indonesia, Myanmar and Laos, among others. Aavishkaar is part of the Aavishkaar-Intellecap conglomerate, which also owns companies such as IntelleGrow, a non-bank finance company (NBFC), which lends to small and medium-sized enterprises; Tribe, a fintech platform linking lenders to small entrepreneurs; and Arohan, a microfinance lender focused on East India. The funds will come from sovereign investors in Singapore, Japan, Australia and the United Kingdom, as well as Asian development finance institutions. To find out more