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Exclusive: PE-backed Indian Energy Exchange hires bankers to go public


New Delhi-based power exchange Indian Energy Exchange Ltd (IEX) has hired merchant bankers to run its listing process, two persons familiar with the development told VCCircle.   Founded in 2008, IEX is India’s first exchange for trading in electricity and renewable energy certificates. Its trading platform is used by power market participants such as state electricity boards, industrial consumers, power generators and traders, as per its website. The company is yet to finalise the issue size. Last month, billionaire Anil Ambani-led Reliance Infrastructure Ltd, one of its institutional investors, sold its stake in IEX and earned multi-fold returns on its...

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Bessemer Venture Partners LP is a venture capital firm with more than $4 billion assets under management. It provides seed, early, expansion, growth and late stage capital to companies across the world. The firm seeks to invest in technology, retail, telecom, healthcare and healthcare technology, manufacturing, clean technology, finance, hospitality, media and entertainment, food and beverages, real estate, pharma, infrastructure and logistics sectors. It typically invests between $0.1 million and $75 million in its portfolio companies. The company was founded in 1911 and is based in Bangalore, Karnataka with additional offices at Boston, New York, Silicon Valley, San Francisco, Israel and Minecraft.

Madison India Capital Advisors India is a private equity firm. It focuses on middle market growth companies operating in India. The firm seeks to invest in media, communications, internet and business service sectors. It seeks to invest between $5 million and $20 million and invests up to $50 million with other co-investors in its portfolio companies. The company was incorporated in 2008 and is based in New Delhi, India.


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