Last Week's Deals


Zephyr Peacock leads ₹55 crore funding round in Shiksha Finance

Date posted: Friday 15 February 2019

Private equity fund Zephyr Peacock India Growth Fund has led a ₹55 crore funding round in Shiksha Finance, a Chennai-based education finance company. Shiksha finances students in classes I-X and also provides financing for working capital and capital expenditure to schools that run classes from nursery/kindergarten to Class 12. Shiksha will use the funds to expand its presence in existing locations and foray into new locations such as Maharashtra. It is currently present in Tamil Nadu, Andhra Pradesh, Telangana and Karnataka.

(Live Mint)


Ebix Grabs 80% Stake in India’s SaaS Travel Company Zillious

Date posted: Friday 15 February 2019

Ebix Software India, a software arm of on-demand software and ecommerce services provider — Ebix Inc — has acquired 80% stake in Delhi-based on-demand SaaS technology solution provider for travel, Zillious Solutions Private Ltd. While the deal size was undisclosed, the acquisition would be immediately accretive.


Morgan Stanley arm buys majority stake in Pune’s KSH Infra for $49m

Date posted: Friday 15 February 2019

Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment management arm of US-based Morgan Stanley Investment Management. KSH Infra, which operates two warehousing and industrial logistics parks, totaling around 1 million square feet, in Pune, had been looking to raise funds to expand its warehousing business.

(DealStreet Asia)

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