Norwest Venture

• Sadbhav Engineering Hits 52-Week High After Unit Files for IPO

  The public issue will consist of a fresh issue of equity shares of Rs 10 aggregating up to Rs 600 crore and an offer for sale of up to 16.18 million shares by Xander Investment Holding XVII and Norwest Venture Partners VII-A-Mauritius.

• Tiger Global Leads $60 Million Investment in Quikr

  Online classifieds portal Quikr has secured $60 million (Rs 360 crore at 1 dollar = 60 rupees) from backers led by US investor Tiger Global Management LLC to boost product development and expand its mobile business, the company said on Wednesday.

• IT Start-up Capillary Tech Raises $14 Million

  Software services provider startup Capillary Technologies said on Thursday it has raised $14 million in a fresh round of funding led by existing investors Sequoia Capital Partners Inc and Norwest Venture Partners.

• Shriram City Union Investor Norwest Venture Sells 2.78 Per Cent Stake

  Shriram City Union Finance (SCUF) shareholder Norwest Venture Partners on Wednesday offloaded a 2.78 per cent stake in the non-banking financial company for an estimated Rs 206.25 crore through an open market transaction.

• Blackstone, Temasek eye stake in Shriram Ventures

  Blackstone Group and Temasek Holdings are in separate talks to invest about $200 million in Shriram Ventures

• Ratnakar Bank finds profits where others fear to tread

  Starting three years ago with a business remodelling plan, Ratnakar Bank has ventured where few deposit-taking lenders have gone before.

• Quikr attracts private equity investment worth $32 mn

  Quikr, the internet and mobile based classified ads firm, has raised $32 million (Rs 176 crore) from overseas investors including Warburg Pincus in the fifth round of funding.

• Sadbhav Engr - Sadbhav Infrastructure Project Limited (SIPL) Secures INR 400 Crores from Norwest Venture Partners (NVP) and The Xander Group Inc. (Xan

  Sadbhav Engineering Ltd has informed BSE that Sadbhav Infrastructure Project Ltd. (SIPL), a wholly owned subsidiary of the Sadbhav Engineering Ltd., announced that it has entered into a binding agreement to receive INR 400 crores from Norwest Venture Partners (NVP) and The Xander Group Inc- the Global Investors. In this regard, the Company has issu...