Investment Summary

SIDBI Venture Capital and IndiaMART InterMESH Invest In M1xchange

On January 1, 2015, growth capital firm SIDBI Venture Capital and IndiaMART InterMESH invested in financial services company M1xchange

Investment Highlights
  • This is SIDBI Venture Capital’s 2nd and IndiaMART InterMESH’s 1st transaction in the Financial Services sector.
  • This is SIDBI Venture Capital’s 26th and IndiaMART InterMESH’s 1st transaction in India.

Investment Summary

Date 2015-01-01
Target M1xchange
Sector Financial Services
Investor(s) SIDBI Venture Capital
IndiaMART InterMESH
Deal Type Growth Capital

Target

M1xchange

Gurgaon, India
M1xchange is a digital marketplace to sell the receivables to banks/NBFC set up under the approval of Reserve Bank of India (RBI) to facilitate the discounting of invoices and bills of exchange on a PAN India basis. M1xchange is based in Gurgaon, India.

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Investor(S) 2

Investor

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 29 of 50
Sector: Financial Services M&A 2 of 5
Type: Growth Capital M&A Deals 5 of 16
Country: India M&A 26 of 47
Year: 2015 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Bonzai

Singapore, Singapore

Bonzai is engaged in the business of providing a self-serve creative management platform that helps marketers / brands, advertising agencies and digital publishers to create, distribute and optimize data-driven ad experiences, at scale on desktop, mobile and tablet devices. Bonzai was founded in 2011 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 NatureLand

Sri Ganganagar, India

Natureland is a producer and supplier of organic foods working with over 10,000 farmers to provide farm level interventions involve training farmers in agri-input reduction, yield enhancement and biodiversity with crop rotation. NatureLand was founded in 2002 and is based in Sri Ganganagar, Rajasthan.

Buy -
Investor

IndiaMART InterMESH

Noida, India

Category Company
Founded 1996
Sector Internet Software and Services
DESCRIPTION

IndiaMART InterMESH Ltd. is an online marketplace, connecting buyers with suppliers. It focuses on providing a platform to SMEs, large enterprises as well as individuals.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2015 M&A 1 of 1