News

Sixth Sense Ventures invests in plant-based food tech start-up GoodDot

Sixth Sense Ventures, the consumer-focused venture fund, has invested an undisclosed amount in plant-based meat company, GoodDot. GoodDot sells its products through direct-to-consumer channels, e-commerce platforms as well as over 7,500 offline stores. Besides India, the company has a presence in international markets such as Canada, Dubai, Nepal, South Africa and Singapore and plans to foray in markets such as US and Europe in the coming months. Udaipur-based company will use the funds to strengthen its presence in Indian and international markets. It will also step up spends on R&D, marketing and wider distribution. J R Laddha Financial Services was the exclusive advisor for the deal.

Sunway Group to buy Wadia Group’s medical devices firm

Mumbai-based Sunway Group, a medium-sized pharmaceuticals company, has signed a definitive agreement to acquire medical devices maker Inor Medical Products Ltd. Inor Medical, which is engaged in the manufacture and sale of orthopedic implants and instruments, is part of The Bombay Burmah Trading whose parent is Wadia Group that has stakes in companies such as biscuit maker Britannia Industries and budget airline GoAir. Sunway Group was incorporated in 1951, according to its website. It manufactures and markets formulations in the niche market of ophthalmology and ENT. Boutique investment bank J R Laddha Financial Services Pvt Ltd acted as the exclusive adviser on the transaction.

Creative Peripherals And Distribution Limited Has Entered Into A Licensing Arrangement With Honeywell Inc.

Creative Peripherals and Distribution Limited market specialists for experiential products in IT, Imaging, Lifestyle, and Security domains with a pan-India presence, entered into a licensing agreement with Honeywell to include a wide range of air purifiers for use in rooms and cars. The Company will be the licensee for this range of Honeywell products in 10 countries across the world. The products encompass various models of air purifiers for rooms and vehicles, and related components for these products, totaling 55 SKUs. Mumbai based Investment Banker J R Laddha Financial Services Pvt. Ltd. was the exclusive financial advisor to the transaction.

Dangal Games Raises Funding from a group of investors

Dangal Games, the umbrella platform for online skill-based games including PokerDangal and RummyDangal, has raised $1 million (Rs 7.3 crore) in a Series A funding round. The platform, run by Xeta Gaming Pvt Ltd, said that it has raised this capital from a strategic investor. The company is among the top five poker-focused platforms in the country and that RummyDangal has a user base of more than five lakh. Dangal Games says it is also planning to add fantasy games to its platform before the next edition of the Indian Premier League. JR Laddha Financial Services Pvt Ltd acted as the adviser to Dangal Games on its fundraise.

GVFL dunks sauce maker All That Dips in pre-Series A pool

Vadodara-based All That Dips Pvt. Ltd, which offers preservative-free dipping sauces, has received an undisclosed amount for its pre-Series A funding round from early-stage venture capital firm GVFL Ltd, formerly known as Gujarat Venture Finance Ltd. J R Laddha Financial Services Pvt. Ltd. advised the company on the fundraising.

Incubator HealthStart backs healthcare analytics startup CapBuild Clinical Skills

CapBuild Clinical Skills Pvt. Ltd, a healthcare analytics startup, has raised an undisclosed sum of money from incubator HealthStart. CapBuild will use the investment to strengthen its technological infrastructure and expand to more markets, it said in a statement. J R Laddha Financial Services Pvt. Ltd. acted as the financial adviser to CapBuild for the latest fundraise.

Unicorn India Ventures Leads Bridge Round in Sequretek

Security solutions startup Sequretek IT Solutions Pvt. Ltd has raised Rs 27 crore (approximately $3.7 million) in a bridge round of funding led by Mumbai-based venture capital firm Unicorn India Ventures, a top company executive told TechCircle. Mumbai-based J R Laddha Financial Services Pvt. Ltd. acted as the financial adviser to Sequretek for the transaction.

International M&A network completes 110 deals in 2018

Pandea Global M&A – an international network of advisory firms co-founded by Dow Schofield Watts – completed 110 transactions with a combined value of over EUR1.6 billion in 2018. The network, which has members in 15 countries, was most active in the business support services sector, which accounted for 25 per cent of the completed deals, followed by consumer and retail (15 per cent), construction and engineering (13 per cent) and technology (12 per cent). J R Laddha Financial Services Pvt. Ltd. is the exclusive India Partner for Pandea Global.

Exfinity Ventures leads seed funding in US-based AgShift

AgShift Inc., a California-based startup which is building an autonomous food inspection system using deep learning, has raised $2 million (Rs 13 crore) in seed funding. Investment banking firm J R Laddha Financial Services Pvt. Ltd. advised on this transaction through its Singapore arm Coinage Consultant Pte Ltd.

Snacks Maker Chhajed Foods Raises Venture Funding

Snacks maker Chhajed Foods Pvt. Ltd has secured funding from a venture capital firm for expansion, people directly familiar with the development said. The company is setting up a new plant near Ahmedabad. The Ahmedabad-based company mopped up about Rs 30 crore ($4.65 million) from GVFL Ltd. It will use the funds to expand its manufacturing capabilities and distribution reach.

Chhajed Foods, which was founded in 1979, is managed by Rajesh Chhajed, his two brothers and his father. It makes ready-to-fry snack pellets under two categories – cereal-based pellet (paan iPuri) and potato-based pellet. The products are sold under the brand name ‘Frylo’ and ‘Pumpum’ to institutional clients, including snack companies. Investment bank J R Laddha Financial Services Pvt. Ltd. was the exclusive financial adviser on the deal.

Cybersecurity startup Sequretek gets funding from GVFL, Unicorn India

Security solutions startup Sequretek IT Solutions Pvt. Ltd has raised an undisclosed amount in funding from Unicorn India Ventures and GVFL Ltd. The startup said in a statement that it will use the funds to improve its product offerings and enter new markets within India and outside. J R Laddha Financial Services Pvt. Ltd. acted as the financial adviser to Sequretek.

Cryptzo Engineering has entered into a Licensing Arrangement with Honeywell Inc.

Cryptzo Engineering Private Limited. (CEPL), a Mumbai based company, which operates in the Fire Engineering, Security and Building Management systems has entered into a Trademark Licensing Arrangement with Honeywell Inc, a Fortune 100 company, for its Gas based suppression systems. CEPL is promoted by Mr. Suresh Sharma (CMD) and Mr. Ravi Sharma (Director) who collectively have more than 3 decades of experience in the fire suppression space.

CEPL has recently set up a modern manufacturing facility for its products in Maharashtra. The company’s products are UL certified the global benchmark for assurance in its segment. The company has grown strong capabilities in designing, engineering and installation of fire protection & suppression products. The company has serves a set of marquee customers which include Oil Majors (HPCL, ONGC, Reliance), Telecom Companies (Vodafone, Airtel), Financial Institutions (ICICI Bank, SBI) and others (Coastguard).

Honeywell is global leader that invents and manufactures technologies that address some of the world’s most critical challenges around energy, safety, security, productivity and global urbanization.

The arrangement also gives CEPL an exposure to global fire safety systems standards and processes and mark the entry of Honeywell Brand into the Fire suppression Space in India. Mumbai based Investment Banker J R Laddha Financial Services Pvt. Ltd. was the exclusive financial advisor to the transaction.

On-Demand Warehousing Startup BoxMySpace Raises Funding

DTC Technologies Pvt Ltd, which operates on-demand warehousing startup boxmyspace, has raised fresh funds in a pre-series a round from a clutch of investors in the logistics and warehousing domain, a top executive of the company told vccircle. Boutique investment firm J R Laddha Financial Services acted as the exclusive financial advisor to boxmyspace in the transaction.