The consolidation taking place in the Indian e-commerce sector offers fresh hope for venture capital investors. Investors have been finding their money stuck as no exit routes are seen. Last year, there were about 18 mergers & acquisitions (M&As), worth $63 million, against 12 deals in the previous year.Investment banker-turned entrepreneur Falguni Nayar said, â€œItâ€™s a long process to establish the retail business. Similar to acquiring brands in consumer space, mergers give a strong foothold in the e-commerce space.â€Nayar, an investment banking veteran with two decades of experience with the Kotak Mahindra group, had launched Nykaa.com, a women-centric beauty and wellness e-commerce portal last year.According to her, merger of portfolios owned by the same investors will enable them to handle the business easily. Last month, private equity (PE) major SAIF Partners-backed fashion retail sites â€” Zovi and its rival Inkfruit â€” merged their busine

VC investors welcome M&As in e-commerce

Business Standard

The Chennai-based Shriram Group, a financial services conglomerate is in advanced talks with global private equity (PE) majors Citigroup Venture Capital and Blackstone to raise Rs 538 crore ($100 million) for its cement business, Sree Jayajothi Cements.Senior Shriram Group officials confirmed they were in â€œwide-ranging talksâ€ with various PE players to raise this sum for deployment in the cement company, which it acquired in February 2012.The officials added they were taking a â€œstrategic viewâ€ of the cement sector and is in the process of preparing a blueprint to see how they can grow the company.Besides talking to PE funds, Shriram group might also have had discussions with global cement majors such as Italcementi Group, Holcim and CRH for a strategic partnership, according to investment bankers in the know of the development.The Rs 60,000-crore Shriram Groupâ€™s foray into the capex-heavy cement sector was accidental. Sree Jayaj

Citigroup, Blackstone vie to infuse Rs 538 cr in Shriram's cement biz

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