PIPE • Engineering

Elevation Capital Invests In Blue Star

On July 13, 2012, venture capital firm Elevation Capital invested in engineering company Blue Star

Investment Context
  • This is Elevation Capital’s 2nd transaction in the Engineering sector.
  • This is Elevation Capital’s 13th transaction in India.

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Investment Summary

Date July 13, 2012
Target Blue Star
Sector Engineering
Investor(s) Elevation Capital
Deal Type PIPE

Target Company

Blue Star

Mumbai, India
Blue Star is a MEP (cooling, electrical, plumbing) contractor catering to commercial real estate, IT parks, industries and infra sectors such as airports, ports, metro rails and manufacturing establishments. Blue Star was founded in 1943 and is based in Mumbai, Maharashtra.
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Investor Overview 1

Investor

Elevation Capital

Gurgaon, India

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Elevation Capital is a private investment firm focused on growth capital investments in Indian companies. The Firm will consider opportunities at all growth-oriented stages. Sectors of interest include information technology, internet, mobile, consumer products, consumer services, healthcare, clean technolgy, education, agriculture, financial services, and manufacturing. Elevation Capital was formed in 2002 and is based in Gurgaon, India.


Deal Context for Investor #
Overall 15 of 17
Sector: Engineering 2 of 2
Type: PIPE 2 of 2
Country: India 13 of 15
Year: 2012 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-20 PropTiger.com

Gurgaon, India

PropTiger.com is technology-enabled real estate marketing platform aimed at first time home buyers. For buyers, PropTiger offers end-to-end services starting from identifying apartment options, organizing site visits, budget and affordability analysis, helping with unit selection and filing of the application with the real estate developer to facilitating the cheapest housing loan. For property developers, PropTiger offers a range of services to sell their new residential apartments inventory during the initial launch. PropTiger.com was founded in 2011 and is based in Gurgaon, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Persistent Systems

Pune, India

Persistent Systems is a global company specializing in software product and technology innovation. It uses product engineering processes to develop solutions for customers in technology, telecommunication, life science, healthcare, banking, and consumer products sectors across North America, Europe, and Asia. Persistent Systems was founded in 1990 and is based in Pune, Maharashtra.

Buy -

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