Getit Infoservices received approval to raise $36.4 million in funding from Helion Venture Capital. RPG Life Sciences sold 14,149 square meters of land in Navi Mumbai to Maruti Suzuki for $13.5 million. Snapdeal closed a $50 million funding round with new investors including eBay and Intel Capital.

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Top Headlines
Helion-backed Getit gets approval to raise $36.4M.
RPG Life Sciences sells leasehold rights of land in Navi Mumbai to
Maruti Suzuki for $13.5M.
Snapdeal closes $50M Series D funding round, brings new
investors on board.
Fortis is in talks to sell Hong Kong & Vietnam assets to raise
$400M.
Goldman Sachs puts $135M afresh in Sumant Sinha’s wind energy
firm ReNew Power.
Blackstone seeks to buy business park in Mumbai for $176M.
Capvent acquires 51% stake in water purification firm Morf India.
Reliance Jio signs $2.1B tower-sharing deal with RCOM to roll out
4G services.
Intel Capital announces investments in Healthkart, Snapdeal and
Singapore-based online retailer
Inside The Story
Helion-backed Getit gets approval to raise $36.4M
Local search and classified services provider Getit Infoservices Pvt Ltd has
received approval to raise funding of Rs 216 crore or approximately $36.4 million from
the Foreign Investment Promotion Board (FIPB), the nodal government body monitoring
foreign investment in India.Early this year, Getit bought Yellow Pages and AskMe from
Network18. It also appointed former Microsoft executive, Jaspreet Bindra, as its new
chief executive officer.
RPG Life Sciences sells leasehold rights of land in Navi Mumbai to
Maruti Suzuki for $13.5M.
RPG Life Sciences Ltd (RPGLS), part of the Kolkata-based RPG Enterprises, has sold
the leasehold rights of its surplus land amounting to 14,149 square metres to Maruti
Suzuki India Ltd. The car manufacturer has acquired the land located in TTC Industrial
area in Navi Mumbai, the harbour suburb of Mumbai, for Rs 76.91 crore ($13.5
million).RPGLS had acquired a land admeasuring 48,632 square metres on a 95-year
lease from Maharashtra Industrial Development Corporation (MIDC). Of the entire land

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acquired, this portion was surplus land and thus has been leased out to Maruti Suzuki.The
proceeds from the transaction will be used for reducing the company’s debt and investing
in projects to drive its growth, said Ajit Singh Chouhan, managing director of RPGLS.
Snapdeal closes $50M Series D funding round, brings new
investors on board.
Jasper Infotech Pvt Ltd, which runs online marketplace Snapdeal, has closed its latest
funding round worth $50 million (Rs 284 crore) which saw strategic investor eBay come
in to pick a stake. Besides eBay and Japan’s Recruit Holdings, other new institutional
investors who joined the funding round include Intel Capital, Russian venture fund ru-
Net and Saama Capital, according to The Economic Times which quoted the firm’s co-
founder Kunal Bahl.For ru-Net this comes as yet another Indian exposure after it backed
e-com sites Bestylish and Freecultr.This investment round now values the firm at over Rs
1,000 crore. Existing investors Bessemer Venture Partners, Nexus Venture Partners,
Indo-US Venture Partners (now known as Kalaari Capital) and Kenneth Glass have also
participated in the funding round.
Fortis is in talks to sell Hong Kong & Vietnam assets to raise
$400M.
India's hospital chain, Fortis Healthcare, may sell its Vietnam and Hong Kong arms for
$380-400 million, or around Rs 2,100 crore. Fortis has received an unsolicited bid of $80
million from Singapore-based Richard Chandler Corporation for its 65% stake in Fortis
Hoan My Corporation (the Vietnamese unit). The transaction is in the final stage as the
two sides have already reached an understanding and a deal is likely to be announced
shortly. Only last month, the hospital chain, owned by billionaire brothers Malvinder
Singh and Shivinder Singh, completed the sale of its Australian subsidiary Dental
Corporation for around $263 million.
Goldman Sachs puts $135M afresh in Sumant Sinha’s wind energy
firm ReNew Power.
Goldman Sachs’ private equity fund has invested $135 million (Rs 760 crore) afresh in
the privately held wind energy firm ReNew Power Pvt Ltd, as per a company disclosure.
It had earlier invested Rs 1,000 crore ($200 million in 2011) in the same venture, started
by Sumant Sinha, a prominent deal-maker and former COO of Suzlon Energy.
Interestingly, it was the single largest PE investment in the renewable energy
field.Although other firms like Moser Baer Photo Voltaic attracted similar investments,
they did so over multiple rounds of funding.Goldman Sachs spokesperson declined to
provide further details on the investment.

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Blackstone seeks to buy business park in Mumbai for $176M.
The Blackstone Group is in advanced talks to buy a business park in India's financial
capital Mumbai for about 10 billion rupees ($176 million). Indian property fund IL&FS
Milestone owns a 74% stake in the 247 Business Park, in Vikhroli in central Mumbai,
while Hindustan Construction Company Ltd. controls the other 26%.In 2010, HCC sold a
74% holding to IL&FS Milestone for 5.75 billion rupees. U.S. private equity firm
Blackstone has been aggressively buying commercial assets in India over the past couple
of years. In February, Blackstone, along with two other companies, agreed to buy a
business park in south India for 19.5 billion rupees ($343.31 million).
Capvent acquires 51% stake in water purification firm Morf India.
Capvent AG, the Zurich-headquartered fund of funds, has acquired 51 per cent stake in
Chennai-based water treatment and purification firm Morf India Ltd for an undisclosed
amount, according to a company statement.Morf India will use the money to develop new
and innovative products, and run brand campaigns. Part of the money will be also used
for its national expansion plans, to be implemented by this year-end.
Reliance Jio signs $2.1B tower-sharing deal with RCOM to roll out
4G services.
Reliance Industries’ (RIL) communication arm Reliance Jio Infocomm Ltd has signed an
agreement with Reliance Communications Ltd (RCOM) for sharing of RCOM’s
nationwide telecom towers infrastructure.The agreement has an aggregate value of over
Rs 12,000 crore ($2.1 billion) during the agreement’s lifetime.As per the pact, Reliance
Jio will use up to 45,000 ground- and rooftop-based towers across RCOM’s network for
accelerated roll-out of its 4G services.The agreement provides for joint working
arrangements to configure the scope of additional towers to be built at new locations to
ensure penetration and seamless delivery of next generation services.
Intel Capital announces investments in Healthkart, Snapdeal and
Singapore-based online retailer
Intel Capital has announced an investment of $16 million in three companies—Gurgaon-
based startup Bright Lifecare Pvt Ltd, which runs online health store Healthkart.com;
Delhi-based e-commerce firm Snapdeal and Singapore-based online retailer
Raboonz.com. Intel Capital has not disclosed how much each company has raised from
it.For Bright Lifecare, this is a Series B round in which Intel Capital has been joined by
existing investors, including Sequoia Capital. Snapdeal closed its Series D round worth
$50 million with an entry by three venture funds, including Intel Capital.

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