Venture Capital (VC) and Private Equity (PE) investors have invested close to $17 billion in 706 companies in India between January 2004 – June 2007. Of these, they have exited from 160 companies either through IPOs or M&A.
And majority of the exits have been successful, as per Arun Natrajan, founder of Venture Intelligence. As per his estimates, there are about 100 active players in the market with 30-35 VCs and about 60 private equity investors.
via Asian AgeÂ
ContentSutra writes about a latest story on Barrons on how market valuations for Rediff and Sify are way out of whack.
In a world mad for Internet stocks, some of the maddest valuations have gone to two Internet companies in India that trade on Nasdaq, Rediff.com India (ticker: REDF), India’s third largest portal, and Sify (SIFY), India’s largest nongovernment-owned provider of broadband access.
The report seems to be a direct outcome of the sharp increase in Rediff’s stock price due to the acquisition rumors by Yahoo / Google.
I think Rediff would make an ideal buy for AOL India or MSN India as opposed to Yahoo / Google. If the public perception and Comscore metrics are any testaments, Yahoo and Google are already more popular and get more pageviews than Rediff.
Yes..The sports network that till recently was focussed on basketball, American football, baseball and Nascar seems to have been lured by the huge hype surrounding the recently concluded cricket world cup. Maybe they hope to cater to the growing interest in the sport in the United States among Asian expatriates. Or possibly, they just wanted to tap into the exploding Indian market. What better way to do it than foray into cricket ?
via ContentSutra
Update: Hindu has an interview with Lynne Frank, MD, ESPN EMEA on the CricInfo acquisition.
Business Standard reports that Seventymm has acquired 100 % stake of Delhi based Madhouse for an undisclosed amount. The acquisition does seem to bolster Seventymm’s presence in the northern region. With other heavy weights like Reliance ADAG, Nimbus etc. planning to enter the online DVD rental market, its a good time for Seventymm to reinforce its leading position.
See here for my comparison of the online DVD rental players in India.
