Saxon Global Inc., an Irving (Texas) based Data and Analytics consulting company, has acquired Bangalore-based Ideas Software and Consulting Pvt. Ltd. (ISAC Global), a boutique big data and web intelligence solutions firm.As part of the transaction, Haricharan SM, CEO and co-founder of ISAC Global, will join Saxon as COO. Sudhir Patavardhan, Founder and CTO of ISAC Global, will continue to lead
Sunday, 30 December 2012
Deal Alert: Analytics firm Ideas Software and Consulting acquired by US-based Saxon Global
Posted on 19:41 by Unknown
Saxon Global Inc., an Irving (Texas) based Data and Analytics consulting company, has acquired Bangalore-based Ideas Software and Consulting Pvt. Ltd. (ISAC Global), a boutique big data and web intelligence solutions firm.As part of the transaction, Haricharan SM, CEO and co-founder of ISAC Global, will join Saxon as COO. Sudhir Patavardhan, Founder and CTO of ISAC Global, will continue to lead
Deal Alert: Multiples to invest in Rs.100-Cr in mobile ad firm Mogae Media: report
Posted on 19:39 by Unknown
Multiples Private Equity is to purchase a significant stake for Rs.100 crore in Mogae Media, a Mumbai-based mobile advertiser owned by former Dentsu India chairman Sandeep Goyal and his wife Tanya Goyal. The deal marks Multiples’ sixth investment since launch in 2011.Mogae Media, started early this year, is now the sole and exclusive partner of Airtel to sell its advertising inventory across
Saturday, 29 December 2012
PE investments down 14.7% to $8.9 B in 2012
Posted on 05:55 by Unknown
Private Equity firms invested $8,853 million over 406 deals in India during the 12 months ending December 2012, compared to the $10,378 million across 483 deals during the previous year, according to analysis by Venture Intelligence, the leading research service focused on private company transactions and financials. These figures - which include VC investments and exclude PE investments in Real
Friday, 28 December 2012
Should Angels Bet on Follow-on Funding from VCs?
Posted on 04:31 by Unknown
From the post by Alok Mittal - who incidentally wears both hats - at VentureWoods:
The venture capital industry in India is relatively small. And besides sporadic instances of “spray and pray”, it has mostly remained tight and focused its resources on one or two bets in a given area. That means that not more than 3-4 companies in any given space get to Series A. Angel investors need to
Thursday, 27 December 2012
Deal Alert: Kalaari Capital invests in B2B group buying Power2sme
Posted on 19:50 by Unknown
Yourstory.in
Kalaari Capital (formerly IndoUS Venture Partners) has invested in Gurgaon-based Power2sme, a buying club for SMEs. The fund has joined hands with the company’s existing investor, Inventus Capital Partners, in extending the Series A fundraising. The new funds will be used for scaling the company’s presence across newer geographies including Mumbai, Pune, Ahmedabad and
Deal Alert: Kellton Tech to acquire OPD firm Skan Dbydx Software
Posted on 19:48 by Unknown
Press Release
Hyderabad-based publicly listed software development company Kellton Tech Solutions Ltd. is to acquire New Delhi-based outsourced product development focused IT Services firm Skan Dbydx Software Pvt. Ltd. The target company specialized in Mobile Application, Rich Internet Application (RIA) Development & Quality Assurance.
DbyDx was founded by its MD Nitin Verma and CEO
Deal Alert: BITS Pilani-Hyderabad to set up technology incubator
Posted on 19:46 by Unknown
Business Line
Birla Institute of Technology and Science-Pilani, Hyderabad, is setting up a technology incubator in its campus to encourage entrepreneurship. The Institution will provide 10,000 sq ft of built-up area to the incubators in biotech, pharma, ICT and healthcare segments.
The incubator, which will be operational in a few months from now, is being set up with Rs.5 crore grant
Sunday, 23 December 2012
Deal Alert: Glocal Healthcare scouting for equity funding
Posted on 20:02 by Unknown
Business Line
Kolkata-headquartered and private equity-backed rural hospital company Glocal Healthcare Pvt Ltd, is planning to raise equity for its Rs 400-crore project for 50 new units across six States.
The project would be funded by both debt (65%) and equity (35%). The equity will be raised from a mix of investors including PE funds Sequoia and Elevar, who are current investors. The
Deal Alert: Norwest exits Persistent Systems; sells remaining shares worth Rs.36-Cr for 4.20x return
Posted on 20:00 by Unknown
Press Release
Norwest Venture Partners has sold its remaining 719,581 shares of publicly listed IT services firm, Persistent Systems Ltd. on BSE worth Rs.36 Crores at Rs.500.72 per share on Dec 21, 2012. This constitutes 1.80% of total outstanding shares of Persistent Systems Ltd.
From the Venture Intelligence PE Deal database: In Nov 2005, Norwest Venture Partners invested INR 63.06
Deal Alert: Sportsnest acquires PlaygroundOnline; secures funding from Blume Ventures
Posted on 19:58 by Unknown
nextbigwhat.com
Online sports product retailer, PlaygroundOnline and B2B company, Sportsnest have merged and the combined entity has raised funding from Blume Ventures. Post merger, PlaygroundOnline will be the consumer face of the entity.
PlaygroundOnline was launched in 2008 and focused mostly on B2C segment. It has serviced more than 50,000 customers and post merger, will focus on
Thursday, 20 December 2012
Deal Alert: Dentsu in talks to buy out digital agency Webchutney
Posted on 19:55 by Unknown
Economic Times
Japanese advertising agency Dentsu is in advanced talks to buy out digital advertising agency and consulting firm Webchutney. Network18, which holds 70.06% stake in the Sidharth Rao-promoted Webchutney Studios, is looking to exit. The deal size is estimated at between Rs.40-60 crore for Network18's stake . Network18 had invested in Webchutney through its investment arms,
Deal Alert: Local deals search firm Squeakee raises funding from Kae Capital, Mumbai Angels
Posted on 19:48 by Unknown
Economic Times
Mumbai-based Squeakee, a yet-to-be-launched search engine for offers, has raised funding from Kae Capital and Mumbai Angels. The hyper-local search engine, which digs out online and offline discounts and offers based on location, will be launched later this week. Kae typically invests $200,000 (about Rs.1 crore) to $500,000 in the first round, while Mumbai Angels invests up to
Deal Alert: Unilazer invests in MeraCareerGuide.com
Posted on 19:46 by Unknown
Catalog Educational Services Pvt. Ltd., the Noida-based company that operates the online career guidance service MeraCareerGuide.com, has raised capital from Unilazer Ventures, the family office of UTV founder Ronnie Screwvala. Abhishek Shah of Unilazer joined the company's board as of October 31, 2012.
Venture Intelligence is the leading provider of data and analysis on private equity,
Wednesday, 19 December 2012
Deal Alert: SAIF buys Persistent Systems shares worth Rs.55-Cr as Norwest sells addl shares worth Rs.90-Cr
Posted on 19:44 by Unknown
NSE
Norwest Venture Partners has sold an additional 1,845,000 shares of publicly listed outsourced product development firm Persistent Systems Ltd. on NSE worth Rs.90.41 crores at Rs.490 per share on Dec19, 2012. This constitutes 4.61% of total outstanding shares of Persistent Systems Ltd. Of these, another PE investor, SAIF Partners bought 1,120,000 shares (or 2.80%) worth Rs.54.88 Crores.
Tuesday, 18 December 2012
Deal Alert: Times Internet invests in design-focused e-tailer Fab.com
Posted on 19:59 by Unknown
Press Release
Times Internet has made a “7-figure” investment in New York-based e-commerce company Fab.com. As part of this investment, Fab will work with Times Internet to explore and execute its India market strategy.
Investors in Fab.com include A Grade Investment, Andreessen Horowitz, Atomico, Baroda Ventures, Cinco Capital, Docomo, First Round Capital, Mayfield Fund, Menlo
Deal Alert: Times Internet invests in missed call based marketing firm ZipDial
Posted on 19:56 by Unknown
Economic Times
Times Internet Ltd, the internet and mobile venture of The Times Group, has picked up a minority stake in Bengaluru-based ZipDial Mobile Solutions. ZipDial gives brands a toll-free number that their consumers can give missed calls to and get SMSes with more information on marketing campaigns.
From the Venture Intelligence Angel & Aceelerator Deal database: In April 2011
Monday, 17 December 2012
Deal Alert: HT Media acquires 40% stake in online recruitment service MyParichay
Posted on 20:08 by Unknown
HT Media is to acquire a 40% stake in MyParichay, an online recruitment business. HT Media will acquire equity shares from MyParichay’s existing promoters and by subscription of CCPS in three separate tranches over the next two years. The deal is projected to augment HT Media’s existing online recruitment portal Shine.com, which was launched in 2008. J Sagar Associates advised HT Media while
Deal Alert: The Morpheus announces 12 startups as part of Batch 8
Posted on 20:01 by Unknown
NextBigWhat
The Morpheus, a Chandigarh-based accelerator, has added 12 more startups to its portfolio, as part of Batch 8. The batch concluded its initial 4 month startup acceleration program recently.
The companies include:
Memetic Labs (Airwoot), founded by Prabhat Saraswat and Saurabh Arora. The company’s smart engagement helpdesk product Airwoot empowers businesses to connect
Deal Alert: Vishal Gondal invests in Examify
Posted on 19:55 by Unknown
MediaNama
Indiagames founder and angel investor Vishal Gondal has invested in Examify, a new education focused online service that uses algorithms and crowd sourcing to generate intelligence around various examinations, allowing students to identify important topics and questions. The site covers CBSE, IGCSE, IB and ICSE Board examinations, as well as IIT-JEE and BITSAT examinations.
Deal Alert: Nexus-backed Vdopia raises $3.4 M as part of $7.4 M Series B funding
Posted on 19:52 by Unknown
Press Release
San Jose, CA-based video advertising network Vdopia has raised $3.4 million in a Series B round, according to a filing with the US SEC. Vdopia started raising capital from December 3, 2012 and is looking to raise $7.4 million ($7,391,863). The capital is being raised through preferred stock which is convertible to common stock.
From the Venture Intelligence PE Deal
Sunday, 16 December 2012
Deal Alert: DREAM:IN incubator kicks off with backing from VCs
Posted on 19:50 by Unknown
Yourstory.in
Entrepreneurs Sonia Manchanda and Kush Medhora have launched an incubator called DREAM:IN that seeks to incubate ‘amazing ideas’ from across the nation. Gray Matter Capital, Helion Ventures, Seedfund, Accel Partners and a few other VC firms have invested in the project and would be actively looking at the companies graduating from it.
The focus is on youth and DREAM:IN
Deal Alert: InOpen Tech eyes Rs.20-Cr funding
Posted on 19:49 by Unknown
Business Standard
InOpen Tech, an IIT-Bombay based educational startup, is looking to raise Rs.20 crore. The company provides computer science content to 300,000 students across 130 schools in India. Its flagship product, Computer Masti, is a program to teach computer science in schools.
Within three years of operation, it has achieved profits, clocking revenue of Rs.2.32 crore in FY12,
Grant Thornton survey on Global PE singles out India for negativity
Posted on 17:19 by Unknown
A new Grant Thornton report titled “Global Private Equity Report 2012" says "India is the most challenging market globally for this sector".
Extracts from the Grant Thornton press release on the report:
On the Fundraising Outlook
The most dramatic decline in
optimism from 2011 is evident in the BRICS: Brazil, Russia, India, China and
South
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