•Venture capital (VC) firm IDG Ventures India has invested $5 million in Mumbai-based banking software product company Agile Financial Technologies… •Nasdaq-listed BPO services company EXLService Holdings Inc. has struck a deal to acquire Outsource Partners International (OPI) that is into finance and accounting outsourcing services…. •Tree House Education and Accessories Pvt Ltd has raised INR 19 Crore from ON Mauritius, a subsidiary of Omidyar Network… •The Sensex and Nifty continued its losing streak for the week. Both Sensex and Nifty ended the week with drop of 3.23% and 3.4% respectively…

1.
Capital Markets Review
Week Ending 08 May 2011
§ IDG invests $5 Million in Agile Financial Technologies
Venture capital (VC) firm IDG Ventures India has invested $5 million in Mumbai-based
banking software product company Agile Financial Technologies. The company offers 12
products in areas of banking, insurance, micro-finance and financial inclusion.
The
company has a large focus on the Middle East and Africa (MEA) markets. They will now
look to expand their markets in India, South East Asia, and Central and Eastern Europe.
§ Tata Technologies Raised INR 141 Crore selling 13% stake
Tata Technologies, an engineering solutions and IT product developer, has raised about
INR 141 Crore by selling 13.04% equity stake to Alpha TC Holdings and Tata Capital
Growth Fund.
§ Mumbai Angels acyires 25% Stake in agri consulting company MVS Efarm
Mumbai Angels, a group of 120 early-stage investors, has invested an undisclosed
amount to acquire 25% stake in Chennai-based MVS Efarm Pvt Ltd, which provides
logistic and consulting services to the agriculture sector. The company will use the fund to
expand its operations and benefit farmers across the region of Tamil Nadu, Andhra
Pradesh and Karnataka during its first phase of operations. Efarm will soon raise its
second round of funding worth INR 5 Crore for its IT project.
§ EXLService Acquires BPO Co Outsource Partners For $91Million
Nasdaq-listed BPO services company EXLService Holdings Inc. has struck a deal to
acquire Outsource Partners International (OPI) that is into finance and accounting
outsourcing services, for an enterprise valuation of $91 million. EXL will use the existing
cash and a working capital revolver to fund the transaction that is expected to close by
June 1, 2011, the company has stated on Wednesday. OPI has around 80 clients and
closed the last calendar year with revenues of $76 million.
§ Adani Buys Australian Coal Port For $2 Billion
Adani Group-owned Mundra Port and Special Economic Zone (MPSEZ) has acquired
Abbot Point Port in Australia in an all-cash deal for $2 billion. The acquisition, expected to
be completed by June 2011, will add a capacity of 50 million tonnes and will double the
present balance sheet size.
§ Tree House Education Raises INR 19 Crore In Pre-IPO Round
Tree House Education and Accessories Pvt Ltd, a school management company that
operates a huge number of pre-schools across India, has raised INR 19 Crore from ON
Mauritius, a subsidiary of Omidyar Network, and existing investors Matrix Partners India
and Foundation Capital. The capital had been raised in a pre-IPO round of funding. Tree
House has also filed for an initial share sale to raise approximately INR 150 Crore.
Currently, the company operates 177 pre-schools under the brand name ‘Tree House’
across 23 cities in India. Out of these, 108 are operated by the company and the rest
through its franchisees. It also plans to launch 120 new pre-schools across the country by
FY2014, which will be directly operated by the company. Tree House has also ventured
into providing educational services to K-12 schools and caters to 12 schools with 5000
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2.
Capital Markets Review
Week Ending 08 May 2011
students, located in 4 cities. At present, the company has a team of 350 teachers in its
self-operated pre-schools.
§ Sensex, Nifty plunges over 3% this week led by auto, banks, realty
The Sensex and Nifty continued its losing streak for the week. Both Sensex and Nifty
ended the week with drop of 3.23% and 3.4% respectively. The sell-off was clearly
triggered by the higher than expected rate hike of 50 bps by the RBI. The 30-share index,
Sensex plunged 617.15 points or 3.23% to 18,518.81 in the week ended May 6. All
sectoral indices ended the week in negative. Key losers were BSE Metal (5.11%), Realty
(3.90%), Auto (3.57%), Bankex (3.11%), FMCG (3%) Consumer durable (2.79%), PSU
(2.78%), Power (2.75%), Healthcare (2.7%), Teck (2.62%), Capital goods (2.05%), Oil &
gas (1.93%) and IT (1.43%).
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