News

Regulations need to encourage pooling of funds in India: Raja Kumar
Published on Smart Investor.in on 16-Aug-2012.
Ascent Capital, which manages $600 million across three funds, was among the few Asian private equity (PE) firms able to raise funds successfully, before closing the fund during the tumultuous period of 2009. Founder and Chief Executive Officer Raja Kumar, also a former senior officer at the Securities and Exchange Board of India (Sebi), in an interview with Raghuvir Badrinath, tells how the Indian PE industry has learnt its lessons the hard way. Read More
Ascent Capital, OrbiMed invest Rs.170-Cr in KIMS
Published on Venture Intelligence on 21-Jul-2012.
PE investors Ascent Capital and OrbiMed have picked up a minority stake in Thiruvananthapuram-based Kerala Institute of Medical Sciences (KIMS) for close to Rs. 170 crore, reports Economic Times. The funds raised through the fresh issue of shares will be used for expanding operations. The 750-bed multi-disciplinary hospital is led by Dr. MI Sahadulla. Launched in 2002, the hospital also has a presence in some Gulf countries including Oman, Bahrain, Qatar and Saudi Arabia. Read More
Standard Chartered arm invests Rs 130 cr in Karaikal Port
Published on Live Mint & The Wall Street Journel on 28-Jun-2012.
Karaikal Port Pvt. Ltd, a subsidiary of Chennai-based infrastructure company Marg Ltd, said on Wednesday that Standard Chartered Pvt. Equity (Mauritius) II Ltd has invested Rs 130 crore in Marg Karaikal Port for a minority stake. Read More
BigBasket.com raise USD 10 mn from Ascent Capital
Published on The Economic Times on 06-Mar-2012.
Online grocery store BigBasket.com today said it has raised USD 10 million (about Rs 50 crore) from private equity firm Ascent Capital in its first round of institutional funding for expansion. "The funds would be used for expansion of BigBasket.com. By the end of this year, we plan to establish presence in Delhi, Mumbai, Chennai and Hyderabad," BigBasket.com Finance and Marketing Head Vipul Parekh said. Read More
BigBasket.com , a Bangalore based online grocery store has got $10 million funding in the first round of funding from private equity firm Ascent Capital. BigBasket.com has been founded by VS Sudhakar, Hari Menon, Vipul Parekh, VS Ramesh and Abhinay Choudhari. Read More
BigBasket Raises $10 Mn From Ascent Capital
Published on Deal Curry on 05-Mar-2012.
Bangalore-based online grocery store – BigBasket.com has raised $10 Mn first round of funding from @Ascent_Capital, according to TOI. BigBasket is founded by K Ganesh, Meena Ganesh, V S Sudhakar, Hari Menon, Vipul Parekh and V S Ramesh. Read More
Online Grocery Store, BigBasket secures $10mn from Ascent Capital
Published on Next Big What on 05-Mar-2012.
Online grocery store, BigBasket has raised $10mn from Ascent Capital. On the lines of Webvan, BigBasket has delivery vans that deliver groceries across Bangalore city. The delivery vans are fitted with multi temperature reefer units and cold storage devices which maintains frozen and chilled range temperatures, to keep the products fresh. Read More
Grocery E-tailer BigBasket.com Raises $10M From Ascent Capital
Published on TechCircle.in on 05-Mar-2012.
Bangalore-based private equity firm Ascent Capital has invested $10 million in the first round of funding in BigBasket.com, an online grocery store. The transaction is believed to be the first institutional investment in an online grocery retailer and the largest series A round in an e-tailing firm in India. Read More
PE funds to buy stakes in Kerala Institute of Medical Sciences
Published on The Economic Times on 25-Jan-2012.
Private equity (PE) funds OrbiMed and Ascent Capital will pick up a minority stake in Kerala Institute of Medical Sciences, or KIMS, for close to Rs 170 crore. The Trivandrumbased 750-bed multi-disciplinary hospital is led by Dr MI Sahadulla and his team of highly qualified and experienced senior consultants. The funds raised through the fresh issue of shares will be used for expanding their operations. Read More