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Private Equity in Indian Retail

October 9, 2007


You are Reading this First HereOur Retail Analyst has done this exclusive research tracking Private Equity money flowing into the Indian equity. Here are the findings of the research.

  • Retail Purchasing Power of Indians – Over 70 mn Indians earn Rs 800,000 a year. This number is all set to rise to 140 mn by 2011.
  • Organized retail in India is mere 5%
  • Clothing Vertical is the largest contributor to organized retailing at 39%.
  • Future Capital Holdings has invested $5 mn for a minority stake in Biba Apparels Pvt Ltd
  • Avigo Capital Partners has invested $5mn in Spykar Lifestyle
  • Citigroup $8mn + UTI $4mn in Primus Lifestyle
  • Wolfensohn LLC has invested $11 mn in FabIndia for 6% stake
  • ADM Capital + Blackstone + New Vernon together have invested $25 mn in Brandhouse Retail for 10% stake
  • Fidelity + Gensis Capital + Artis Capital + Liberty International $33 mn in Provogue India

The promoters of textile company Donear Industries are negotiating with potential investors to sell 10-15% stake in the company and raise at least Rs 1,000mn to fund their foray into retail. Sky is the limit for retailing in India 🙂

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