M&A Deal Summary

SIDBI Venture Capital Acquires Claro Energy

On January 1, 2019, growth capital firm SIDBI Venture Capital acquired renewable energy company Claro Energy

Acquisition Highlights
  • This is SIDBI Venture Capital’s 3rd transaction in the Renewable Energy sector.
  • This is SIDBI Venture Capital’s 43rd transaction in India.

M&A Deal Summary

Date 2019-01-01
Target Claro Energy
Sector Renewable Energy
Buyer(s) SIDBI Venture Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Claro Energy

New Delhi, India
Claro Energy offers solar-powered water pumping solutions to meet irrigation and drinking water needs in off-grid rural areas. The company offers the entire spectrum of solar pumping solutions, ranging from 0.5 Horse Power (HP) to 10HP, AC & DC solar pumps, Surface and Submersible pumps, across applications such as Irrigation, Drinking water, Aeration & Fisheries. Claro Energy was founded in 2011 and is based in New Delhi, India.

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Buyer(S) 1

Buyer

SIDBI Venture Capital

Navi Mumbai, India

Category Growth Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

SIDBI Venture Capital Limited is a private investment firm that seeks growth oriented investment opportunities across India. In addition to early stage company commitments, SIDBI Venture will also consider growth investments in businesses with a track record of proven technology or business model. Sectors of interest include life sciences, retailing, light engineering, food processing, information technology, infrastructure related services, healthcare, logistics and distribution. SIDBI Venture Capital was formed in 1999 and is based in Mumbai.


DEAL STATS #
Overall 46 of 50
Sector: Renewable Energy M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 14
Country: India M&A 43 of 47
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 Janakalyan

Kolkata, India

Janakalyan is a Kolkata based NBFC-MFI that aims to provide microcredit to the rural unbanked and underserved population in Eastern India. Janakalyan was founded in 2016 and is based in Kolkata, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-03 SuperZop

Bhiwandi, India

SuperZop is an e-commerce platform in the Grocery sector and, offers the flow of wide range, quality staples on its platform. It provides kirana stores the convenience of ordering in local languages, hassle free credit, next day delivery and service support. SuperZop was founded in 2016 and is based in Bhiwandi, India.

Buy -