Indian Deals: DQ’s IPO; Naukri’s Raise and Investment; ACK Media Buys Animation; TravelGuru Acquires
By Nikhil Pahwa - Fri 21 Dec 2007 06:54 AM PST
A slew of activity on the M&A/VC/IPO front in India, and detailed coverage on our India site ContentSutra:
-- DQ Entertainment Raises $56 Million From London’s AIM: DQ Entertainment (DQE), an Animation and Gaming company, has raised funds of $56 million through its listing on London’s AIM market earlier this week.
-- Naukri Looking To Raise More Funds; Invests $500K In StudyPlaces: Info Edge (BOM: 532777) India (the Naukri.com Group) has board met today to “discuss raising of capital through various available mechanisms in India and overseas”. It has also invested $500K in US based StudyPlaces.
-- TravelGuru Acquires Desiya For $25 Million: $25 Million (around Rs. 100 crores) is the amount that Online Travel Agency (OTA) TravelGuru is paying for B2B hotel portal Desiya.com.
-- ACK Media Acquires Animation Studio; Eyes Education and Career Sites: ACK Media, which had bought rights to popular childrens magazines Amar Chitra Katha and Tinkle Magazine with the agenda of monetizing the content across platforms has now acquired a Bangalore based animation studio - Quietmen Studios, which will now be called Katha Studios.
