Angel Alert: Calcutta Angels set up

Scions of five very wealthy Marwari business families - the Kanorias, Salarpurias, Dalmias, Patodias and Kayans - have formed an angel investment group, christened Calcutta Angels. The group has formed a strategic tie-up with Mumbai Angels.

Source: Economic Times
 



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Deal Alert: Prana Studios buys visual effects company Rhythm & Hues

Prana Studios, backed by Mukesh Ambani and Anand Mahindra, has won the bid to purchase bankrupt Rhythm & Hues, which recently won the visual-effects Oscar for Life of Pi, pipping other contenders such as BSE-listed Prime Focus and China's Jian Yamning. Prana, with a big presence in Mumbai and Los Angeles, will acquire the company through its new operating company 34x118 Holdings. 



Credited

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Tim O'Reilly at Stanford

A good summary of the Stanford ecorner talk by the publisher-conference organizer-venture capitalist is available here.




Audio/Podcast version and shorter video segments are available from the Stanford ecorner web site here

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Dave McClure of 500 Startups - Interviewed by Jason Calacanis

Another fun show. McClure mentions during the interview how and why 500 Startups is headed to India (and is skeptical of China).

 

 Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal

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Most Entertaining Investor Interview Ever: Chris Sacca by Jason Calacanis

Chris Sacca of Lowercase Capital is an investor in several well known US consumer web, mobile, and wireless technology startups like Twitter, Kickstarter, Uber, etc. A lawyer by education, he earlier worked at Google.





Highlights: 



Personal story





Amazing story of how he lost millions in leveraged trading and how he clawed his way back.



"Fake it till you make it": Highly

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Deal Alert: Zee invests Rs.30 Cr in UK-based digital product placement firm MirriAd

UK-based digital brand integration specialist MirriAd has attracted a £3.6 million (about Rs.30 crore) as a strategic investment from publicly listed Zee Entertainment Enterprises Limited and Zee’s wholly owned subsidiary Asia Today Ltd (ATL). MirriAd’s digital solution enables brands to be integrated into programming remotely and independently of production schedules. The deal will help

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Fund Alert: SIDBI receives FIPB nod for Rs.285-Cr foreign investment for social venture fund

In its meeting of March 6, the FIPB has approved SIDBI Social Venture Trust, Mumbai to allot Class A units of the fund to bring foreign investment worth Rs.285 crore.
 



SIDBI Venture Capital Limited, a wholly owned subsidiary of Small Industries Development Bank of India (SIDBI), is setting up a social venture capital fund with SIDBI and DFID as sponsors with a target corpus over 300 crore.

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Deal Alert: Security software firm Tuebora joins Citrix Accelerator

Bangalore-based Tuebora, which provides security software as a service to businesses, will become the second Indian venture (after Grexit in 2011) to join US-based Citrix Startup Accelerator. Apart from a seed capital of $250,000, Tuebora - founded by Sanjay Nadimpalli, Ashish Jhunjhunwala and Prasad Bhamidipati - will now gain access to Citrix's products, partner channel and global customer

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Fund Alert: Karnataka proposes Rs.1,000-Cr ICT Innovation Fund

Karnataka is set to launch a Rs.1,000 crore fund to help create 1,000 startups in the next seven years. The fund is conceived on the Israeli model, which has successfully spawned many startups. The proposal by Karnataka Information Communication Technology Group 2020, submitted to the government, says the fund must have a contribution from both central and state government and banks and PE

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Deal Alert: Lalit Bhagia quits STAR India; to launch digital startup

Lalit Bhagia has quit as Vice President and Head, Digital (Internet and Mobile) at STAR TV, which he had joined in 2010. . He now plans to start up in the digital space and is working on launching a global online business from India catering to a global audience. 



Earlier, he had worked with Publicis Groupe, NIIT and Times Internet. Bhagia started his career as an entrepreneur during his

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Deal Alert: Snapdeal raises Rs.8-Cr from SVB India

E-commerce firm Snapdeal has raised a term loan of Rs.8 crore from SVB India Finance. The company last raised equity of Rs.200 crore in July 2011 and is actively scouting for more money. 



Source: Economic Times




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Deal Alert: Tradus acquires BuyThePrice.com

Naspers-owned Tradus has bought out Hyderabad-based e-commerce portal BuyThePrice.com, a little over a year after it had invested Rs.8.5 crore in the company. Launched in March 2010 by Ranjith Boyanapalli, who previously worked with eYantra, along with Tharachand Suryadevara and Jagdish Kothapalle, BuyThePrice has claimed to have generated Rs.3 crore revenue in the first year with plans to

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Deal Alert: Party supplies e-tailer DholDhamaka.com looking to raise VC funding

New Delhi-based DholDhamaka.com Retail Pvt. Ltd., an e-commerce service supplying products for parties, festivals and weddings, is seeking to raise venture capital funding. The company claims to cater to customers in around 7500 pin codes across India with around 3000+ products. It was incorporated in March 2012 with Chandan Sharma and Sanjay Gour as its founding directors. 



Venture

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Deal Alert: SVB India provides venture debt to Firstcry.com's parent firm

SVB India Finance has provided a Venture Term Loan to Pune-based Brainbees Solutions India Private Limited, the company which operates the online and offline kids products retailer FirstCry.com. The company also has an online portal for personal care and beauty products (goodlife.com) that was launched in December 2011.

Brainbees engages in an offline franchisee model that was started in June,

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Deal Alert: Games2win raises $2-M more from Clearstone

Mumbai-based Games2win India Pvt. Ltd. has raised an additional round of funding of approximately $2 million (Rs.10 crore) from US-based Clearstone Venture Partners. This is Games2win’s third successful financing round in addition to a secondary sale of its shares to new investors last year. 



The latest round of financing is to be used by Games2win for games acquisition and international

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Deal Alert: Biosense Technologies raises $500,000 from GSF and Inistor Fund

Mumbai based Biosense Technologies has raised $500,000 of funding from GSF India and Insitor Fund. The company, founded by Myshkin Ingawale, Abhishek Sen, Yogesh Patil and Aman Midha, plans to use the investment to improve the infrastructure around its products ToucHb and uChek. ToucHb is a handheld needle-free battery operated device that allows screening for anemia disease and allows

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Deal Alert: KPO firm Aranca to raise PE for expansion

Aranca, a Mumbai-based Knowledge Process Outsourcing (KPO) firm, is looking at raising private equity in 8-10 months time to expanding its services to Latin America and China, both organically and inorganically. The company, which provides third party investment research and valuation for brokerages, financial institutions and private equity firms, plans to set up two delivery centers in these

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Profile of Mystery Shopping Firm RedQuanta

From the Smart CEO:

Through its network of mystery shoppers, Mumbai-based RedQuanta
measures the quality of service, compliance to regulation and gathers
specific information about products and services of its client
companies. The mystery consumer’s specific identity is not known to the
establishment that is being evaluated. Mystery shoppers perform specific
tasks such as purchasing a

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Deal Alert: Saama Capital invests in enterprise mobility firm AgreeYa

Enterprise-mobility and mobile-SI company AgreeYa Mobility has secured new funding from Saama Capital. The additional financing will help AgreeYa Mobility expand market share for its enterprise mobility product, Onvelop, reaching companies using Microsoft products including Office 365, SharePoint and Lync. 



Founded in 2011 and headquartered in Mountain View, California, AgreeYa Mobility is a

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Deal Alert: Citrus Payment Solutions raises $2-M from Sequoia Capital

Mumbai-based payment processing start-up firm Citrus Payment Solutions Pvt. Ltd.,has revealed that it, has raised $2 million from Sequoia Capital in return for a minority stake and launched a new checkout service that will make online transactions quicker for customers. The money is the first Citrus has raised and will be used to expand its technology team and develop newer technologies. 

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Deal Alert: Intel, Sequoia invest $14-M in pharma e-tailer Healthkart

Gurgaon-based HealthKart, which sells consumer healthcare goods online has raised $14 million in Series B funding from Intel Capital ($8 million) and Sequoia Capital ($6 million). Including the new round of funds, the company has raised a total of $22.5 million from venture capital firms.



Healthkart was launched in March 2011 with initial capital of $1 million from Kae Capital and Sequoia.

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Akhil Gupta, Blackstone Group at APEX'13 Summit & Awards

Akhil Gupta, Blackstone Group
“I have always told my international colleagues that India will not be a linear growth story - we will take three steps forward and two steps back. And hence, if we take a long term view on the country, we will do well. But with the governance crisis over the last few years and with elections looming (especially with expectations of an uncertain mandate), I'm super

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The Chakra Vyuh of Private Equity

As part of his speech at the Venture Intelligence APEX'13 Awards, Ashish Chauhan, CEO,
Bombay Stock Exchange, described
how PE/VC investors were like the mythological character Abhimanyu 
who knew "how to enter (the Chakra Vyuh), but not to exit".

He suggested that they could,
at time of their investment into an SME company, insist the company
list on the BSE's SME Stock Exchange. "

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The BSE CEO's Entrepreneurial Journey

 












Special Guest at the Venture Intelligence APEX'13 Awards, Ashish Chauhan, CEO, Bombay Stock Exchange provided a witty account of his experiences as an entrepreneur including in founding two startup ventures: ExchangeNext (under which he launched multiple exchanges for trading petrochemicals, steel, paper, etc) with financing from the Reliance Group and a venture that created

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"We need a Credible India and not Incredible India.”

 

Sandeep Naik, General Atlantic at APEX'13 Summit & Awards

“The sense of complacency - in terms of assuming foreign investors somehow have to invest in India - has cost us dearly in the last couple of years. It was very clear at the recent World Economic Forum at Davos that India has lost favor with international investors. India's image has been over sold and it's high time we

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Dr.Subir Gokarn at APEX'13 Awards

 
Special Guest at the APEX'13 Awards, Dr.Subir Gokarn, Noted Economist & Former Deputy Governor, RBI, pointed out that the surge in productivity, thanks to dramatic rise in the telecom penetration in the country, has now petered out and that we are awaiting the next "technology shock" (to boost productivity again). Dr.Gokarn highlighted Food as another area where technology advances and

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Special Panel on Private Equity at APEX'13 Summit & Awards

K.P.Balaraj, WestBridge Capital; Vijay Pattabhiraman, JP Morgan; Akhil Gupta, Blackstone Group; Srivatsa Krishna, IAS; Sandeep Naik, General Atlantic; Ashish Dhawan, ChrysCapital; Neeraj Bharadwaj, Carlyle
 
For
the more detailed APEX'13 Summit Highlights,

Click Here 
For the more detailed
APEX'13 Awards Highlights,

Click Here


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Sound Bite: Ashish Dhawan, ChrysCapital at APEX'13 Summit & Awards

Ashish Dhawan, ChrysCapital

"If we were to shut down the Mauritius route (for investments), there is a real danger that we will destroy Private Equity in the country. And it's not just PE; the recent tax claims against MNCs like Shell, Microsoft and Nokia pose a much bigger question on overall FDI. What does it take for a company like

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How Real Estate financing has adapted to the New Normal

From a recent Business Today Cover Story:

There
was a rush of foreign direct investment into Indian real estate when
the sector was first opened, but that is now drying up. Private equity
(PE) players, foreign and domestic, have greatly reduced their exposure -
their investments in real estate fell by 36 per cent in 2012 over 2011,
as compared to a 19 per cent reduction in such funding in

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Deal Alert: Fmr Kotak IB MD Falguni Nayar launches beauty & wellness e-tailer Nykaa.com

Falguni Nayar, former MD and CEO of Kotak Investment Bank, has launched e-commerce portal, Nykaa.com. The venture, which went live in late 2012, offers wellness and beauty products. It is currently self funded and will be looking to raise external funds sometime next year. 



Source: iamwire 

 


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Deal Alert: Intel Capital to lead 2nd round for pharma etailer Healthkart: report

Gurgaon-based start-up Bright Lifecare Pvt Ltd, which runs the online health store Healthkart.com, is about to close a Series B funding round of up to $14 million led by Intel Capital with Sequoia as a co-investor. Healthkart started in March 2011 with seed round of $1 million from Kae Capital and Sequoia. Omidyar Networks and Sequoia together invested $5.2 million in Jan 2012 in the company’s

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Deal Alert: ADB invests $2-M in Simpa Networks

Multilateral funding agency ADB has made an investment of $2 million (about Rs.1.08 crore) in Bangalore-based Simpa Networks, which offers a prepaid payment platform to enable affordable clean energy solutions for under-served consumers in India. Simpa was established in 2010 by Paul Needham, Jacob Winiecki and Michael MacHarg - entrepreneurs with a track record in energy access, micro-payments

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Fund Alert: Karnataka plans VC fund for pharma sector

The Karnataka government has proposed to set up a venture capital fund with a corpus of Rs.50 crore targeting the pharmaceutical sector. The proposed Pharma VC Fund will have 26% contribution from the state government, while the balance will come from private investors and financial institutions. 



The move to set up an exclusive VC fund for the pharma sector had been spelt out in the

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Deal Alert: Sequoia to invest Rs.120-Cr in kitchen appliances co Stovekraft, up stake to 40%

Sequoia Capital is set to invest another Rs.120 crore in cookware and kitchen appliances company Stovekraft. Sequoia will raise its holding in the company to about 40%, up from the 27% stake that it bought five years ago. Stovekraft is expected to end the current fiscal with Rs.580 crore in revenue. 



Sequoia has valued the Bangalore-based maker of Pigeon and Gilma branded products at around

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Deal Alert: TLabs announces 7 new startups for its batch 3

TLabs, a Times Internet Ltd. initiative that aims at nurturing and supporting the ideas and projects of Internet and mobile entrepreneurs, has launched Batch 3 with seven startups. These include: 



Happay: Happay offers a mobile wallet, which enables people to pay anyone by just using their phone. 



GradeStack: Aims to become a comprehensive store of courses and deliver faster interactive

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Deal Alert: Nadir Godrej invests in social network LocalCircles

Nadir Godrej, managing director of Godrej Industries, has invested in LocalCircles, a community-based local social network. The Delhi-based start-up enables citizens to connect with local communities, including neighbours, colleagues and teachers, and find assistance during emergencies through web or mobile phones. Besides Godrej, Maruti Suzuki chairman RC Bhargava has joined the company as

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Deal Alert: Indian Angel Network invests in RankJunction

The Indian Angel Network (IAN) has invested in Nagpur-based RankJunction, a ranking platform for competitive exams. IAN members Jay Chopde and Ravi Kiran led this round of investment and will join the RankJunction board.



Sameer and Rashmi Gautam founded RankJunction in 2011 to create an innovative platform to take a ‘live’ test which is a pre-scheduled online examination taken by thousands

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Deal Alert: SkoolShop raises funding from Blume Ventures, angels

Mumbai-based SkoolShop.com, a portal that brings together products related to school and education, operating on both B2B and B2C models, has received an investment from Blume Ventures and angel investors including Sunil Kalra, Srikant Shastri, Vikas Choudhury and Puneet Deora. 



SkoolShop.com was founded by two HBS alumni, Satya Raghavan and Anusha Mahalingam. It has more than 50,000 SKU’s,

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Profile of Manipal Hospitals

From the profile in The Smart CEO:

Today, Manipal Health Enterprise’s network encompasses 10 corporate hospitals with 1,600 beds and five teaching hospitals with 3,300 beds, across Andhra Pradesh, Karnataka, Tamil Nadu and Goa. The employee strength across these regions is over 6, 000 nurses, doctors and other administrative staff.The company recently raised private equity to the tune of US id=

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Deal Alert: Nexus Venture Partners backed Shopclues.com raises third round of funding

ShopClues raises third round of funding; Nexus Venture Partners and Helion invest

ShopClues.com 



 India’s first and largest managed marketplace has successfully completed its third round of funding. In a tough market, the company raised close to $10 million (Rs. 54 crores) from Helion Venture Partners and Nexus Venture Partners. Nexus Venture Partners had previously led the Series A

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Deal Alert: Helion, Nexus invest Rs.54-Cr in ShopClues.com

VC firms Helion Venture Partners and Nexus Partners, along with Netprice.com CEO Teruhide Sato, have invested Rs.54 crore ($10 million) in Vadodara-based online sales facilitating e-commerce firm Shopclues.com. ShopClues, founded in 2011 by former Wall Street analyst Sandeep Agarwal along with three e-commerce professionals, helps third party merchants to sell online The new funds will be used

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Deal Alert: TalentEdge scouts for acquisitions

TalentEdge, an education company that was acquired by Gurgaon-based PE player Lumis Partners in February 2012, is looking for acquisitions in India and abroad. The company is also looking at expanding its presence with an investment of Rs.40 crore in two years. It would acquire companies in the same or newer domains. 



Source: Business Standard

 



Venture Intelligence is the leading

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Deal Alert: InfoEdge to write off Rs.29.3 Cr investment In 99labels

Info Edge, the company that runs Naukri, 99acres and Jeevansathi, plans to write off its entire Rs.29.3 crore investment in the boutique online shopping site 99Labels during the current quarter. 



Source: Press Release




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Deal Alert: Housing.co.in raises second round of funding from ex-Network18 CEO Chawla

Mumbai-based property search portal Housing.co.in has raised a second round of funding from former Network 18 CEO Haresh Chawla. The startup had raised an undisclosed amount from a group of angel investors led by Zishaan Hayath, the co-founder of Chaupati Bazaar, three weeks ago. 



Chawla is a partner at PE firm India Value Fund. Housing.co.in, co-founded by Advitiya Sharma, has taken a data

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Deal Alert: ValueFirst Digital Media acquires clk2c.com

Gurgaon-based enterprise messaging service provider ValueFirst Digital Media has acquired mobile video service clk2c.com. Clk2c.com, a unit of Samadhan Systems, offers personalised video mobile messaging and advertising solutions for enterprises and individual consumers. The all-cash deal will enable ValueFirst to execute media campaigns on its opt-in consumer base of more than 25 million. 

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Deal Alert: Fmr Shoppers Stop VP Vivek Mathur launches Giftease.com

Former Shopperstop VP Vivek Mathur has launched a new venture giftease.com. The company, based out of Pune, is in the space of offering merchandise and experiences in the gifting space offered via offline and online mode. Giftease is also expected to open gifting stores in the malls in all Metro cities of India and will enrich customer experience in the gifting space in the country. Its first

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Deal Alert: Online broking firm Zerodha aiming to raise $1-M

Bangalore-based online broking firm Zerodha is in talks with US-based brokerages to raise about $1 million. The firm is looking for a strategic investor who would double up as a technology partner. Zerodha’s daily business is about Rs 2,500 crore in equities, out of which about 95% is in F&O segment and rest in cash. Besides, the daily turnover in commodities is about Rs 500 crore. A zero-debt

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Deal Alert: Indus Balaji to invest in Perfect Pincode

PE firm Indus Balaji is to invest an undisclosed sum in Perfect Pincode, after having funded it about $3.5 million so far, to allow the Hyderabad-based search company add services for non-resident Indians or even buy another firm.

 



From the Venture Intelligence PE Deal database: Indus Balaji had invested in the company earlier in Mar-12.



Source: Mint




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Deal Alert: InvestmentYogi raises funding from US-based Safa Rachtchy

Hyderabad based personal finance website InvestmentYogi has raised an undisclosed amount in angel funding in January 2013 from Silicon Vally based angel investor Safa Rashtchy and others. The investment is between $100k – $500k. 



This is the second round of investment from Rashtchy. InvestmentYogi is a financial portal and services company. Its tax filing website Taxyogi.com is one of the

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Deal Alert: Bestpropertydeals scouting for funds

Property website bestpropertydeals.co.in is looking to raise about $1 million from VC funds or angel investors. The site seeks to find discounts for buyers by directly negotiating with builders. 



Source: Mint




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Deal Alert: Kashyap Deorah launches mobile payments co Chaloapp

Former Futurebazaar president Kashyap Deorah has launched a mobile payments company focused on the American markets. Deorah had led FutureBazaar for around two years and left the company in November to start his new venture called Chaloapp. According to the new company’s website, the venture is still in semi-stealth mode with more features coming soon.



Futurebazaar, the online portal run by

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Deal Alert: Speciality apparel maker Dhama Innovations scouting for $12-M

Kranthi Vistakula-founded Dhama Innovations, a maker of specialized garments and lifestyle products, is looking to raise $10-12 million from an international investor. The firm's turnover of Rs.50 lakh (2011-12) is expected to grow to Rs.80 lakh to Rs.1 crore in 2012-13.



Dhama had raised Rs.90 lakh from Reliance Ventures and from Mumbai Angels, in 2009. Together, they had picked up an around

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Deal Alert: Events discovery platform Playcez raises angel funding

Playcez, a local events discovery app, has raised funding in a seed round led by angel investors Rajesh Sawhney (GSF) and Mukul Singhal (SAIF Partners). The funds will be used for driving penetration of the company’s product in the smartphone market. Playcez was among the 15 startups inducted in the inaugural batch of GSF Accelorator. 



 Founded by Ashwani Gaur, Playcez is an event discovery

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Deal Alert: Bigtree Entertainment acquires Ticketgreen.com

Accel Partners backed Bigtree Entertainment, which runs the online ticket company BookMyShow.com, has acquired Chennai-based entertainment ticketing portal, Ticketgreen.com. The deal will give Bigtree access to partnerships with over 100 regional cinemas that Ticketgreen.com has forged in the southern states, where it sells nearly 1 lakh tickets per month. 



Source: Economic Times

 

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Deal Alert: Lakhotia Polyesters files for Rs.5.08 Cr IPO

Nashik-based Lakhotia Polyesters has filed the DRHP to issue 14,52,000 equity shares at Rs.35 per share aggregating to Rs.5.08 crore, forming 38.82% of the post issue paid up equity share capital of the company. Intensive Fiscal Services is the lead manager to the issue. The company, which will be traded on the BSE-SME exchange, is engaged in manufacture of polyester lacquered / coated films

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Deal Alert: Cbazaar.in plans overseas expansion

Chennai-based e-commerce portal Cbazaar.in is planning to expand operations to the Middle and South-East Asian nations by the end of next fiscal. Currently, the US, India and the UK account for a chunk of the company’s sales.



The company began operations in the US and the UK , before entering the Indian market in 2011. The online portal specialises in Indian ethnic wear. It raised $3.5

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Deal Alert: SDSS invests $ 1-M in mobile mag tech firm InteractionOne

InteractionOne Solutions, a start-up that lets magazine publishers launch a mobile version of their publication, has raised $ 1 million in seed funding from SDSS Management Services. 



Launched in February 2012, the company provides magazine publishers with tools they can use to create and customize digital versions optimised for mobile devices and tablets. The firm will use the capital for

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Deal Alert: My Care Health Solutions may raise external funding

My Care Health Solutions, incorporated in 2012, aiming to provide cheap healthcare services using cloud computing, digitised health records and mobile phones, is in talks with external investors for raising funds.

Dhirubhai Mehta, a former director at Bajaj Auto and the Jagjivan family, which owns the brokerage Brics Securities, are ready to back promoter Rajan Mehta. 



Source: Economic

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Deal Alert: Mobile PoS payments firm Ezetap expands into Kenya

Angel Prime incubated mobile point of sale (PoS) payments startup Ezetap has expanded its operations in Kenya, by launching its mobile POS solution in that country. The company has partnered with one of Kenya’s largest banks, Equity Bank, and MasterCard for this initiative. 



Source: Medianama

 




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Deal Alert: Printland.in secures $164,000 funding from Evista Venture Capital

Printland Digital India Pvt. Ltd., which operates the web-based printing solution provider Printland.in, has secured a funding of $164,000 from Evista Venture Capital. Launched in January 2012, Printland.in currently offers business printing solutions which include printing of business cards, letterheads, envelopes, project reports, manuals, certificates, flyers, etc. As of January 2013, the

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Deal Alert: FabIndia acquires 40% in Organic India

Fabindia has acquired a 40% stake in Organic India, a Lucknow-based organic food and supplements firm founded in 1997. Organic India is promoted by Isreali-citizen Yoav Lev and his wife Bhavani. Organic India make herbal supplements, medicines, spices, edible oils and other food products from tulsi, fruits and vegetables, spices and herbs which it sources from farmers in Uttar Pradesh, Andhra

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Deal Alert: Four Cross Media to invest Rs.75-Cr in India ops of digital services co To The New

Singapore-based strategic investor Four Cross Media is providing a second round of funding to digital services company To The New to expand its Indian operations and scout for new acquisitions in the fast growing sector. Four Cross will invest Rs.75 crore over the next three years in the Indian arm of the company that was founded in 2010 and has offices in Mumbai and Delhi.



Four Cross Media

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Deal Alert: IPG Mediabrands buys Interactive Avenues for Rs.400-Cr: report

IPG Mediabrands, the media holding company of the NYSE-listed Interpublic Group, has acquired Sequoia Capital-backed digital agency Interactive Avenues (IA). The deal size is estimated at Rs.350-400 crore, likely to take place in tranches over the next few years. IA has close to 200 employees across offices in Mumbai, Delhi and Bangalore. The deal marks the exit for Sequoia Capital India unit,

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Deal Alert: Onesource Techmedia files for Rs.2.8-Cr IPO

Chennai-based Onesource Techmedia, has filed the DRHP to issue 20,00,000 equity shares at Rs.14 per share aggregating to Rs 2.8 crore, forming 30.80 % of the post issue paid up equity share capital of the company. Guiness Corporate Advisors Pvt. Ltd is the lead manager to the issue. The company will be traded on the BSE-SME exchange. The company is engaged in the business of distribution and

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Deal Alert: Samruddhi Realty files for Rs.2.6-Cr IPO

Bangalore-based residential property developers Samruddhi Realty Ltd. has filed the DRHP to issue 21,70,000 equity shares at Rs.12 per share aggregating to Rs 2.6 crore, forming 31% of the post issue paid up equity share capital of the company. Hem Securities is the lead manager to the issue. The company will be traded on the BSE-SME exchange. 



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Deal Alert: Nexus invests in security tech firm Armor5's $2-M seed round

Santa Clara, California-based Armor5 emerged from stealth mode with a $2 million seed funding from Citrix Startup Accelerator, Nexus Venture Partners and Trinity Ventures. Founded by security, mobility and cloud computing experts from Adobe, Motorola and Yahoo, Armor5 offers a zero touch service to safeguard intranet, cloud data and applications by ensuring content from these systems never

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Deal Alert: Blume announced investments in Gharpay, WebEngage, Printo, CareerVita, Others

VC firm Blume Ventures has released its quarterly report in which it discloses funding updates. Its previously unannounced investments in the second half of 2012 included:

 



GharPay: The company offers a doorstep cash collection network for businesses. Founded by Abhishek Nayak and Arpit Mohan, the company had previously raised $200,000 from Sequoia Capital and a seed investment of $100,000

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Deal Alert: AlmaConnect raises $250,000 From CIIE-IIMA, IXORA Ventures & Others

Alma Connect, a portal that connects alumni, students & faculty, has raised $250,000 from CIIE – IIM Ahmedabad, IXORA Ventures, CountShop.com, Ixigo Co-founder Dharmendra Yashovardhan and other angel investors. This investment, made about six months ago, follows a $50,000 seed investment from DA-IICT center for entrepreneurship and incubation in January 2011. The company plans to use the funds

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Deal Alert: Kyron Accelerator announces first batch

Bangalore-headquartered accelerator Kyron has announced the first batch of start-ups that include the following firms from India: 



Admirch Media Labs (Bangalore) - enables users to share content with people of similar interest and earn through a multi-level affiliate advertizing structure covering various channels such as SMS, Email and Display Ads. 



Dronna (Bangalore) - an ecosystem

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Deal Alert: SVG Media invests in "India entry" digital media firm PlatformPlay

Digital media network SVG Media has invested in NetworkPlay cofounder Rammohan Sundaram's second entrepreneurial venture, PlatformPlay. The new company, PlatformPlay Media Ventures Pvt. Ltd., will act as an entry point into India for international digital media players planning to increase their presence in India. Manish Vij will join the Board of PlatformPlay as SVG Media’s representative. 

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Deal Alert: Info Edge acquires semantic search firm MakeSense for Rs.8-Cr

New Delhi-based listed Info Edge (India) Ltd. has acquired Makesense Technologies Pvt. Ltd. for about Rs.8 crore. MakeSense has developed proprietary software for semantic search, which is expected to augment search capabilities for both recruiters & job seekers, principally on www.naukri.com, a site owned by Info Edge.



Source: Press Release




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