Tag Archives: Funding

Everstone Capital Invests In Dominos’ Indonesian Franchise

The Aurum Perspective – Jubilation and domino effect causing Everstone to take large bites in the restaurant retail business in the Asian region.

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India and South East Asia focused PE investor @Everstone has acquired a controlling 51% stake in Indonesian franchise of Dominos Pizza, PT Dom Pizza Indonesia for $20 Mn. The fund will be used to expand its existing operations of 60 branded pizza outlets in six Indonesian cities, including Jakarta and Bali.

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The PE firm would make the investment through its specialized arm F&B Asia Ventures which maintains a portfolio of food & beverage brands across India and South Asia.

Mitra Adiperkasa, the largest retailer in Indonesia with over 1800 stores in 59 cities, owns departmental stores, food and beverage chains and has a unique franchise portfolio of various global lifestyle brands like Zara, Marks & Spencer among others. It will continue to own the residual 49% in the JV.

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Snapdeal raises USD 100 million at a valuation of $1B

The Aurum Perspective – Given the large amount of capital raised by Snapdeal and Flipkart, and being the icons of the e-commerce industry in india: should any of them not finally succeed, it could have a major impact on the future of e-commerce in India.

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Online marketplace Snapdeal has raised USD 100 million in a fresh round of funding at a valuation of USD 1 billion. The investment was led by BlackRock, Premji invest, Myriad, Temasek and Tybourne.

It aims to utilize the raised funds to accelerate market network, scale up its infrastructure and to extend its national and international brand building.

Till date, including this round, the company has secured a total funding of USD 435.70 million. Earlier, it has raised a funding amount of USD 133.70 million in series F round by Saama Capital, eBay, Kalaari Capital and others.

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Snapdeal was co-founded in 2010 by CEO Kunal Bahl. The company is headquartered in New Delhi with 1300 People in its team. It offers best priced deals on branded products like computer peripherals, cosmetics, perfumes, watches, mobile phones, electronics, apparels, bags, footwear, sunglasses, kitchenware etc.

“Our mobile and internet commerce marketplace is now connecting millions of buyers to a very large base of sellers that offer products and services of national and international brands. ” said Kunal in a statement.

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