Nokia India, in collaboration with AppCampus (Finland) and members of Harvard Business School Alumni Angels (India Chapter), have launched an initiative called Appcelerate-India to boost mobile app development on Nokia Lumia and Microsoft Windows platform. AppCampus and Harvard Business School Alumni Angels India will invest over $500,000 in Appcelerate-India and provide a combination of
Monday, 29 April 2013
Deal Alert: Appcelerate-India launches to boost app development on Nokia, Microsoft platforms
Posted on 21:22 by Unknown
Nokia India, in collaboration with AppCampus (Finland) and members of Harvard Business School Alumni Angels (India Chapter), have launched an initiative called Appcelerate-India to boost mobile app development on Nokia Lumia and Microsoft Windows platform. AppCampus and Harvard Business School Alumni Angels India will invest over $500,000 in Appcelerate-India and provide a combination of
Sunday, 28 April 2013
Deal Alert: Future Ventures invests in KFC Shoemaker
Posted on 21:01 by Unknown
Future Ventures India Ltd. (FVIL) is to invest in KFC Shoemaker Pvt. Ltd. Post completion of issue and allotment of equity shares, FVIL will hold 33.3% of the issued and paid up share capital of KFC Shoemaker, which is engaged in the business of sourcing footwear from domestic as well as foreign suppliers. The company also undertakes retail sale of leather shoes / footwear / bags under the
Deal Alert: Messaging app startup hike raises $7-M from Bharti SoftBank
Posted on 20:59 by Unknown
BSB, a joint venture between Bharti Enterprises and SoftBank Corp., focused on the mobile Internet space, has invested $7 million in hike, a free messaging app startup. hike, which crossed the 5 million users mark in four months after its launch in December 2012, offers seamless integration between Instant Messaging and SMS. About 60% of hike’s user base comes from India and the rest global led
Deal Alert: Yebhi.com raises $12-M bridge round from existing investors
Posted on 20:57 by Unknown
Gurgaon-based e-commerce company Yebhi has raised $12 million from its existing investors Fidelity Growth Partners India, Qualcomm Ventures, Nexus Venture Partners and Catamaran. The round seems to be a bridge round as the company has been unable to raise follow on capital from new investors.
With this round Yebhi has raised a total of around $39 million of investment in four rounds. It
Thursday, 25 April 2013
Deal Alert: Blume, Rajan Anandan, others invest Rs.1.5 Cr in web data analytics firm Dataweave
Posted on 20:53 by Unknown
Bangalore-based data aggregation and analytics company Dataweave has raised Rs.1.5 crore in seed round of funding from angel investor & Google India MD Rajan Anandan, Blume Ventures, TLabs (Times Internet), 5ideas Startup Superfuel, Meta Studio Advisors and a group of angels.
Launched in 2011 by Karthik Ramesh and Vikranth Ramanolla, Dataweave discovers, tracks and aggregates online public
Deal Alert: Angels invest in Plustxt Mobile Solutions
Posted on 20:51 by Unknown
Bangalore-based Plustxt Mobile Solutions has raised funding from Mumbai Angels and Bangalore Angels. The company, founded in 2012 by IIT-Kharagpur and IIM-Calcutta alumnus Pratyush Prasanna, provides a text messaging mobile application that is optimized for Indian languages. The messaging system is available in Hindi, Marathi, Malayalam, Gujarati, Punjabi, Kannada and Tamil
Source: Economic
Wednesday, 24 April 2013
Deal Alert: Baby record portal Little1 raises angel funding
Posted on 22:46 by Unknown
Little1, an online baby record book launched by Kolkata-based OneUp Ventures, has raised an angel round of $80,000. The platform enables parents to preserve their child’s growing up memories both online and offline. It offers unlimited photo uploads and secure sharing. In addition, parents can avail of a print copy of the baby record book.
The company, launched by Naresh Baid and Sabarish
Deal Alert: Khyati Foods raises funding from SEAF, Sarona Asset Mgmt
Posted on 22:44 by Unknown
Sarona Asset Management, alongside its PE partner SEAF Agribusiness India Fund, has invested in Mumbai-based Khyati Foods Ltd. Khyati processes organic cotton and soybeans, primarily for export to Europe and North America. It purchases its products from 10,000 certified-organic smallholder farmers in India.
The investment will enable Khyati to expand both its processing facilities and the
Deal Alert: Patient management SaaS SmartRx raised capital from Ventureast, CIIE
Posted on 22:42 by Unknown
Bangalore-based Smart Cloud Technologies, the developer of SmartRx, a cloud-based patient management solution for doctors and hospitals, has raised funding from Ventureast Tenet Fund, IIM-Ahmedabad’s startup accelerator, CIIE, and other investors. Ramesh Byrapaneni, venture partner at Ventureast Tenet Fund, joins the Smart Cloud board along with managing partner Sateesh Andra.
Founded in
Deal Alert: Kalaari Capital invests in bakery chain Ovenfresh
Posted on 22:33 by Unknown
Kalaari Capital, via Kalaari Capital Partners II LLC, has invested in Chennai-based Ubiquitous Foods Pvt Ltd which operates the Ovenfresh bakery chain. A Vichar Partners team led by Aarthi Sivanandh (Partner) and including Lavanya Krithivasan (Associate) provided legal advice to Ubiquitous on the documentation for the transaction and assisted on the negotiation of the transaction terms.
Deal Alert: US-India Big Data startup Qubole raises $7-M Series A
Posted on 22:18 by Unknown
Bangalore- and Palo Alto, US-based Qubole Data Service has completed Series A funding round of $7 million from Charles River Ventures and Lightspeed Ventures, as well as angel investors Venky Harinarayan and Anand Rajaram. Based on Apache Hadoop and founded by the creators of Apache Hive and Facebook’s analytics platform, Qubole is focused on making analytics easy and accessible to businesses
Tuesday, 23 April 2013
Fund Alert: Contrarian Capital to raise $50-M Social VC fund
Posted on 21:25 by Unknown
Contrarian Capital India Partners’ debut fund, called Contrarian Opportunities Fund I, is targeting a corpus of $50 million and will seek to make early stage impact investments. The fund will invest in education, healthcare and agri-businesses. The fund will play in the Series A stage and invest between $500,000 and $5 million in each company over multiple rounds.
Source: Startupcentral
Deal Alert: Ace Tours files for IPO
Posted on 21:24 by Unknown
Surat-based travel agent Ace Tours Worldwide Ltd. has filed the DRHP for an IPO of 50,00,000 equity shares at a cash price of Rs.16 per share aggregating to Rs.8 crore, constituting 39.46% of the fully diluted share of the company. Corporate Strategic Allianz is the book building lead manager to the issue. The company will be traded on the BSE-SME exchange.
Venture Intelligence is the
Deal Alert: Helion, Ventureast invest in IRM tech firm Seclore
Posted on 21:22 by Unknown
Helion Venture Partners and Ventureast Proactive have made a joint investment in Seclore, a Mumbai-based Information Rights Management (IRM) and secure outsourcing systems firm. Seclore, which has been in the market providing its technology to customers for just over three years, started within IIT Bombay and was supported by the entrepreneurship promotion organization of the institute.
Deal Alert: Kae Cap, Blume, Mumbai Angels invest in app development software firm ShepHertz
Posted on 21:22 by Unknown
VC firms Kae Capital and Blume Ventures and Mumbai Angels have invested in Mumbai-based ShepHertz Technologies. ShepHertz — which provides a cloud-based, back-end technology platform for developers to make, deploy and launch their applications — will use the funding for product development, hiring talent and marketing.
The company was founded in 2010 by its CEO Siddhartha Chandurkar.
Deal Alert: Mobile video firm Apalya raises $10-M from Cisco, others
Posted on 21:19 by Unknown
Mobile video company Apalya Technologies has raised $10 million from Cisco, along with other investors like IDG Ventures India, Indo US Venture Partners and Qualcomm. Cisco has also added Apalya’s live TV and mobile video capabilities to its Cisco Videoscape architecture by integrating the Video Delivery Platform from Apalya.
Apalya’s last couple of rounds of funding, from Qualcomm and IDG
Monday, 22 April 2013
Deal Alert: Commodities trading software firm Eka acquires Canada’s EnCompass
Posted on 21:02 by Unknown
Bangalore-based Eka Software Solutions, a global provider of advanced commodities and energy trading and risk management technologies (CTRM & ETRM), has acquired Calgary, Canada-based EnCompass Technologies. Established in 1993, EnCompass is a provider of a fully-integrated, multi-commodity and FX transaction management system, covering the entire transaction lifecycle, from capture through
Deal Alert: Rajan Anandan, Harvard Angels commit to 4 investments
Posted on 21:00 by Unknown
StartupRoots, initiated by 10,000 Startups in association with NextBigWhat, has helped four start-ups to raise spot funding from angels investors, including Google India MD and angel investor Rajan Anandan.
Bangalore-based Lumos Design Technology, working to develop solar-powered apparel, got Rs.25-lakh in return for a 10% stake for Anandan.
Anirudh Suri, founding partner of Indian
Thursday, 18 April 2013
Fund Alert: Unitus sets up Rs.50-Cr social sector fund
Posted on 21:30 by Unknown
Unitus Seed Fund is launching a new Rs.50 crore early-stage domestic fund backed. Former Infosys senior executive Mohandas Pai and Manipal Group scion Ranjan Pai have cumulatively committed $2 million (Rs.11 crore) to the corpus. The new investment vehicle, to be launched in the second-half of 2013, will look to make equity-linked investments in startups. The fund will look to make 30-40
Fund Alert: 5ideas closes first seed fund Startup Superfuel
Posted on 21:28 by Unknown
5ideas announces the first close of Startup Superfuel, a seed stage fund that provides early stage tech start-ups a blend of human, financial and social capital. Start-up Superfuel is the first of the five ideas that Pearl Uppal and Gaurav Kachru launched in October last year under 5ideas platform.
Startup Superfuel aims to invest in 40 start-ups in the next 3 years, of which 10 to 12
Deal Alert: Beauty products etailer Purplle.com raises Series A funding
Posted on 21:27 by Unknown
Mumbai based beauty and skincare e-retailer Purplle.com has recently closed a Series A funding from non-VC investors, to follow up on its angel round last year. Founded by Manish Taneja in 2011, Purplle.com offers product in various categories including fragrances, skincare, and beauty products for both men and women.
Source: iamwire.com
Venture Intelligence is the leading provider of
Deal Alert: Unitus, Mumbai Angels invest in handyman services firm Jack On Block
Posted on 21:25 by Unknown
Global investment firm Unitus Seed Fund has completed its investment in Bangalore-based facilities management company Jack On Block, which offers handyman and maintenance services to homes and small businesses. Along with Unitus Seed Fund, angel investors Mumbai Angels and Bangalore Angels have also invested in Jack On Block. Unitus Capital was the financial advisor and Impact Law Ventures, the
Wednesday, 17 April 2013
Banking Vs I-Banking: A Question of Spice Levels
Posted on 00:29 by Unknown
Uday Kotak in Outlook Business (emphasis mine):
From an investment banking perspective you need to offer what investors
want at all times, but as a lender you need to decide if it makes sense
for you. For example, in 2007-08, there was exuberance around the Indian
infrastructure story — the media believed it, the policy makers
believed it, investors wanted it, so we brought some of these
Tuesday, 16 April 2013
Fund Alert: Habit Fund to raise $100-M early stage fund
Posted on 21:36 by Unknown
Manipal Education and Medical Group head Ranjan Pai and former Infosys director Mohandas Pai are investing in a new accelerator - The Habit Fund - which will back early-stage social media, mobile and cloud computing start-ups. The Habit Fund will be managed by Silicon Valley venture capitalist and entrepreneur Sunil Bhargava of mobile start-up incubator Tandem Capital and Rohit Bhagat, former
Fund Alert: Soros Economic Development Fund backs Aspada Investment with $10-M
Posted on 21:35 by Unknown
Aspada Investment Company has received a $10 million commitment from Soros Economic Development Fund (SEDF). Aspada, led by Kartik Srivatsa and Thomas Hyland, will make both equity and debt-like self-liquidating investments in high growth businesses. The fund seeks to commit $10 million to early stage businesses to make education, healthcare and financial services more accessible to low-income
Deal Alert: Knewcleus acquires learning solutions startup X2PN
Posted on 21:34 by Unknown
Bangalore-based education management software firm Knewcleus has acquired X2PN E-Learning, a fellow Bangalore-based firm that has built apps with a strong gamification angle. The X2PN acquisition will help Knewcleus improve its engagement platform by providing learners with ‘learning games’.
Source: Yourstory.in
Venture Intelligence is the leading provider of data and analysis on
Deal Alert: Aspada invests in Lawrencedale Agri Processing
Posted on 21:21 by Unknown
Aspada Investment Company has made its first ever investment in Lawrencedale Agri Processing, an end-to-end fresh vegetable supply chain company that operates in the Nilgiris belt in South India. Lawrencedale seeks to aggregate fresh produce from farmers at the farm gate and sell to retail consumers under the LEAF brand in major markets. This investment aims to help increase the incomes of
Deal Alert: Qubecell raises seed round from Kae Capital, Blume, others
Posted on 21:17 by Unknown
Qubecell, a Mumbai-based mobile billing aggregator, has raised seed funding in a round led by Kae Capital, with participation from Blume Ventures, Mumbai Angels and Russian investor TA Ventures. The transaction occurred in December 2012, and the company plans to use the funds raised to grow business in India and abroad by getting more merchants. It will also develop its technology platform.
Deal Alert: Omnivore Capital invests in pork products firm Arohan
Posted on 21:15 by Unknown
Omnivore Partners has bought a significant minority stake in Guwahati-based Arohan Foods Pvt. Ltd., the country’s first pork integrator. Omnivore is an early stage VC fund backed by Godrej Agrovet Ltd. Arohan Foods, which was started in 2011, offers packaged pork products including sausages, cocktail sausages and sliced salami in a variety of flavors developed in-house under its flagship brand
Deal Alert: Fulcrum Venture India invests INR 21.82 crores in ‘Shield Healthcare Pvt Ltd’
Posted on 00:24 by Unknown
Fulcrum Venture India, a highly successful early stage venture capital investor started in 2000 by Krishna Ramanathan as a proprietary fund, today announced an investment of INR 21.82 crores in Shield Healthcare Pvt Ltd a pharmaceutical company within the branded formulations space. The company will use the proceeds to fund its business geographically and vertically integrate a manufacturing
Monday, 15 April 2013
Deal Alert: Gadget repair service firm Pickme raises funds from Blume, angels
Posted on 21:06 by Unknown
Early-stage VC fund Blume Ventures along with Chennai Angels and the Mumbai Angels has invested into Pickme, a gadget repair service venture in Mumbai. Pickme provides service solutions for mobile phones, cameras, watches, laptops, tablets, etc. The firm picks up the gadget from doorstep, gets it repaired at an Authorized Service Center and delivers it back to the owner.
Source: Economic
Deal Alert: Reviews42 raises $0.9 M from Nirvana, Blume and Angels
Posted on 21:05 by Unknown
New Delhi-based Solvy Tech Solutions Pvt. Ltd., which runs community based product reviews platform Reviews42, has raised Series A funding of $0.9 million from Nirvana Ventures with participation from existing investors Blume Ventures and angels like Rahul Khanna (MD at Canaan Partners) and Flipkart Co-founders Sachin and Binny Bansal. Amit Patni and Rajan Mehra of Nirvana Ventures have joined
Deal Alert: Unitus Seed Fund invests in vocational edu firm iStar
Posted on 21:02 by Unknown
Unitus Seed Fund has invested in Bangalore-based iStar, is a vocational skills training company that provides unemployed graduates with additional skills training to make them readily employable in the BFSI and ITeS sectors.
iStar started its first iLAB program in Dec 2011 with 300 students and has grown continuously since, training 2,500 students across Bangalore. The company has been
Fund Alert: IFC to invest in Motilal Oswal PE’s 2nd fund
Posted on 20:58 by Unknown
IFC has committed to invest in India Business Excellence Fund IIA (IBEF IIA), a fund which aims to offer growth equity and strategic and operational assistance to Small and Medium Enterprises (SMEs) in India. The investment focus will be on high growth businesses and also focused on Tier II and Tier III cities in India. The Fund aims to invest in sectors which benefit from demand led by
Deal Alert: Tano Capital to invest Rs 80 crore in Shree Shubham Logistics Limited
Posted on 02:01 by Unknown
Shree Shubham Logistics Limited (“SSLL”),a subsidiary of Kalpataru Power Transmission Limited (KPTL) has signed an agreement with Tano India Private Equity Fund II to raise Rs 80 crore to fund its capacity expansion plan.
SSLL is one of the leading organized service providers in the agri logistics space. It operates on unique combination of owned and managed warehouses.
KPTL is one of the
Sunday, 14 April 2013
Deal Alert: Sorenson Foundation invests $1-M in SME lender Kinara
Posted on 21:26 by Unknown
Bangalore-based micro, small, and medium enterprises (MSME) lending company Kinara Capital has raised about Rs.5.4 crore ($1 million) in a Series A round led by Sorenson Impact Foundation. The other investors are John Ayliffe of 1to4 Foundation, Halloran Philanthropies and Kinara Capital Holdings (a special purpose vehicle constituted in Singapore). Two of the investors, Halloran Philanthropies
Deal Alert: Jungle Ventures invests in ZipDial
Posted on 21:21 by Unknown
Singapore-based VC firm Jungle Ventures has invested in Bangalore-based mobile technology company ZipDial Mobile Solutions as it expands its business in the Southeast Asian markets.
ZipDial has just launched operations in Sri Lanka.
A marketing and analytics platform, ZipDial creates engagement with traditional media like print and television using missed calls. Jungle Ventures joins a
Deal Alert: Asian Healthcare Fund to invest Rs.50-Cr in dental chain Mydentist: report
Posted on 21:15 by Unknown
Asian Healthcare Fund (AHF), a PE firm floated by Dabur Group chairman Anand Burman and former Dabur Pharma CEO Ajay Kumar Vij, is close to investing Rs.40-50 crore in Mydentist, a Mumbai-based chain of dental clinics. The deal marks AHF’s first investment since it was set up in 2011.
Mydentist operates a regional dental care chain of 40 clinics with a focus in Western India. It is among
Thursday, 11 April 2013
Deal Alert: IFC to invest in IFMR Rural Channels
Posted on 21:19 by Unknown
IFC is to make a quasi equity investment in Chennai-based IFMR Rural Channels & Services Pvt. Ltd., an investment & distribution company founded by the IFMR Trust. IFMR Rural provides financial products and services in remote rural areas of India through the KGFS model. A KGFS is a full service local financial institution model, providing various credit, insurance, savings, pensions, remittance
Deal Alert: OCP Asia invests $15-M in HomeShop18
Posted on 21:17 by Unknown
Hong Kong-based hedge fund OCP Asia Ltd. has invested $15 million HomeShop18, the Noida-based teleshopping arm of publicly listed Network18 Media & Investments Ltd. Network18 will also invest a similar amount in the company and continue to be the majority shareholder.
HomeShop18 launched India’s first 24-hour home shopping TV channel in 2008. Today, it operates across the Internet, TV and
Developers warming up to Retirement Homes
Posted on 00:26 by Unknown
From Business Today:
Retirement homes have always been a popular concept in the West. But
they were relatively slow to take off in India where for the longest
time they were associated with the abandonment of older people.
Not any longer. Better life expectancy and financial independence have
spawned a new breed of senior citizens such as the Nairs who are happy
to live in retirement homes
Wednesday, 10 April 2013
Deal Alert: AcceleratorHK now open to Indian startups
Posted on 21:28 by Unknown
Hong Kong startup accelerator AcceleratorHK is announcing the second iteration of its 14-week program. The accelerator is accepting applications, both from local and overseas startups, between April 9 and April 15. Startups in India can now apply to participate in the accelerator which is focused on hybrid mobile app development with HTML5. AcceleratorHK is funded by Telerik and is led by
Deal Alert: Eventifier raises funding from Kae Capital
Posted on 21:27 by Unknown
Eventifier, a Mangalore based startup promoted by Jazeel Ferry, Nazim Zeeshan and Mohammed Saud, has raised a round of funding from Kae Capital. Eventifier allows a user to collate all the information related to an event in one place. The startup scaled this concept to archiving 1000+ events, and generating 17000+ unique visitors per month. More than 10% of the visitors become customers. The
Deal Alert: Babycare e-tailer Babyoye acquires competitor Hoopos; raises $12-M
Posted on 21:25 by Unknown
Online babycare products e-tailer Babyoye has acquired its competitor Bangalore-based Hoopos in an all stock deal. The merged entity has also raised funding of $12 million (Rs.64.8 crore) led by Helion Venture Partners with participation from Accel Partners and Tiger Global. Hoopos is expected to be turned into a niche site retailing products for older children. The new entity is targeting
Tuesday, 9 April 2013
Deal Alert: Technology for Impact Accelerator announces the first batch of 16 startups
Posted on 21:08 by Unknown
The Technology for Impact Accelerator program for business creating social impact, an initiative by CIIE- IIM Ahmedabad and Village Capital, has announced its first batch of 16 startups.
The accelerator focuses on for-profit, commercially scalable Indian startups that display a high level of social value in their tech-driven or tech-enabled offerings. The emphasis is on technology ventures
Monday, 8 April 2013
Deal Alert: Utkarsh Micro Finance raises Rs.20-Cr from existing investors
Posted on 20:55 by Unknown
Varanasi-based microfinance institution Utkarsh Micro Finance has closed a Rs.20 crore round of equity financing led by existing investors Aavishkaar Goodwell, IFC and Norwegian Microfinance Initiative (NMI). The NBFC will use the proceeds to build up its presence in UP, Bihar, Uttarakhand and Madhya Pradesh, as well as invest in strategic initiatives.
Started by former ICICI Microbanking
Deal Alert: Inventus leads Rs.27-Cr Series B for Policybazaar.com
Posted on 20:52 by Unknown
Gurgaon-based Etechaces Marketing and Consulting Pvt. Ltd., which runs online financial services platform Policybazaar.com, has secured about Rs.27 crore ($5 million) of Series B funding. The funding, led by Inventus Capital Partners, will be used to enhance the platform and to create a consumer-centric brand. Existing investors Info Edge and Intel Capital also participated in the latest round
Sunday, 7 April 2013
Deal Alert: mPOS solution provider Mosambee raises $1-M from SIDBI Ventures
Posted on 21:15 by Unknown
Mosambee, a Mumbai based mPoS solution provider, has raised seed funding of around $1 million from SIDBI Ventures. The funding will be used for marketing and scaling of services.
Last year, Mosambee had launched its service in Dubai after a soft launch in India by September 2012. The company plans to officially launch in the country this month and plans to expand to Southeast Asian and
Deal Alert: Myntra acquires US-based ‘virtual dressing room’ firm FITIQUETTE
Posted on 21:13 by Unknown
Online fashion and lifestyle products retailer Myntra has acquired San Francisco based technology platform provider FITIQUETTE. The acquisition was made partly in stock and partly in cash. FITIQUETTE has developed technology for solving the Fit/Size problem online. The virtual dressing room developed by FITIQUETTE generates a virtual mannequin based on various body types to which users can
Deal Alert: Japan’s Adways to acquire 66% stake in internet marketer vCommission
Posted on 21:12 by Unknown
Adways Inc, an affiliate marketing firm listed on the Tokyo Stock Exchange, has acquired 13.8% in Indian Internet marketing company VC Internet Media, which operates an affiliate advertising network vCommission. Adways has the option of gradually increasing its stake to 66% in three phases, by the end of the financial year.
VC Internet Media was formed in 2007 by Tarang Bhargava and Parul
Deal Alert: MFI Satin Creditcare raises Rs.41-Cr; Lok Capital exits
Posted on 21:09 by Unknown
New Delhi-based microfinance institution (MFI) Satin Creditcare Network Ltd. (SCNL) has raised Rs.41 crore from VC firms MicroVest II, LP, ShoreCap ll Ltd and Danish Microfinance Partners K/S. The promoter group has also contributed funds in this round. The nww round marks the exit of Lok Capital Llc (via sale to MicroVest). Lok was SCNL’s first institutional investor, investing about Rs.5
Friday, 5 April 2013
Why Indian Tech Startups are migrating to Singapore
Posted on 23:34 by Unknown
“From an Entrepreneurs' perspective, Singapore is a great place to operate from. If you are starting a (VC fundable) venture now, I would recommend having your headquarters/holding company in Singapore and making your Indian operations operate as a subsidiary of that. Singapore also has highly credibile image and is not looked upon as a tax haven.”
- Sesh A.V., Basiz Fund Services at the
Profle of Strides Arcolab Founder Arun Kumar
Posted on 23:19 by Unknown
In February 2013, the publicly listed Strides sold its injectable medicine business, Agila Specialties, to US drug giant Mylan Inc. From the Business Today profile:
Son of a government official, Kumar hails from Kerala and grew up in Ooty. He was just 21 years old when he set out for Mumbai in 1982 to seek his destiny. In his initial days, he worked with the Bombay Drug House and British
Son of a government official, Kumar hails from Kerala and grew up in Ooty. He was just 21 years old when he set out for Mumbai in 1982 to seek his destiny. In his initial days, he worked with the Bombay Drug House and British
Thursday, 4 April 2013
Deal Alert: Canbank VC invests Rs.20-Cr in Guwahati’s GNRC hospital
Posted on 21:34 by Unknown
Bangalore-based Canbank Venture Capital Fund has invested nearly Rs.20 crore in GNRC Hospitals which is setting up an 300-bed hospital in North Guwahati. The total project cost is close to Rs.92 crore. The investment is being made from the Rs.500 crore Emerging India Growth Fund. Promoted by Dr Nomal Chandra Borah in 1985, GNRC specializes in neuro-related ailments. It has two tertiary care
Deal Alert: Accel Partners invests $6-M in Power2sme
Posted on 21:33 by Unknown
VC firm Accel Partners has invested around $6 million (Rs.32 crore) in Power2sme, a Gurgaon-based online buying platform for SMEs. The deal, which comes nine months after the company raised initial funding of $2 million from Inventus Capital and Kalaari Capital, values Power2sme at about Rs.200 crore.
Power2sme, founded by R Narayan, aggregates demand from small businesses and places a large
Deal Alert: eHealth TBI looking to raise Rs.100-Cr early stage VC fund
Posted on 21:32 by Unknown
eHealth TBI is looking to raise at least Rs.100 crore for an early stage VC fund, with another Rs.50 crore as a green shoe option. So far it has secured a commitment for Rs.30 crore. The fund will invest in 10-20 startups in their first rounds.
Bangalore-based eHealth TBI is a Technology Incubator, focused on IT applications in Healthcare industry, located at the PES School of Engineering.
Deal Alert: Kushal Tradelink files for Rs.27.8 Cr IPO
Posted on 21:31 by Unknown
Ahmedabad-based paper treader Kushal Tradelink has filed the DRHP for an IPO of 79,30,000 equity shares at a price of Rs.35 each aggregating to Rs.27.75 crore, constituting 33.42% of the post issue paid up capital of the company. Aryaman Financial Service is the book running lead manager to the issue. The company will be traded on the BSE-SME exchange.
Venture Intelligence is the leading
People News: Sandeep Singh to replace Sujal Shah as Freecultr CEO
Posted on 21:29 by Unknown
Sujal Shah, co-founder and CEO at Freecultr.com, has stepped down from his position at the company. Shah will be replaced by Freecultr co-founder Sandeep Singh. Prior to this, Singh worked as COO at Freecultr. Shah will now help international companies enter the Indian market, incubating and mentoring new business ventures. He will also be serving an advisory role to the Smile Group and other
Deal Alert: India Finsec files for IPO
Posted on 21:28 by Unknown
New Delhi-based NBFC India Finsec has filed the DRHP for an IPO of 6,000,000 equity shares aggregating to Rs.6 crore, constituting 30.86% of the post issue paid up capital of the company. Aryaman Financial Service is the book running lead manager to the issue. The company will be traded on BSE-SME exchange.
Venture Intelligence is the leading provider of data and analysis on Private
Deal Alert: E-commerce focused logistics provider vDeliver scouting for funds
Posted on 21:20 by Unknown
New Delhi-based vDeliver, which provides logistics services to e-commerce startups, is looking to raise angel funding. The company, co-founded by Ruby Singh, Abhinav Kumar, Aditya Kumar Batra and Rajat Kumar, provides services like packaging, last mile deliver, cash on delivery, cash before delivery and warehousing.
The USP of the company lies in providing delivery within 24 hours and no
Deal Alert: Self-drive car rental firm Zoom raises $230 K
Posted on 21:19 by Unknown
Bangalore-based car rental service Zoom which launched recently has raised $230,000 of seed capital from high net worth investors and angel groups in the US, UK, and India. Marquee investors who participated in the round in January include the Empire Angel Group based out of New York and Barbara Thomas, Lady Judge from UK.
Zoom is a membership-based, local self-drive service that allows
Deal Alert: Aavishkaar infuses further money into dairy company Milk Mantra
Posted on 21:15 by Unknown
Aavishkaar, via its Aavishkaar India II Fund, has made further investment in Orissa based dairy company Milk Mantra. The investment happened in December 2012. Aavishkaar has invested Rs.3 crore as part of the second round of funding.
Vineet Rai of Aavishkaar had joined the Milk Mantra board in Dec-12.
Milk Mantra was established in 2009 and offers milk cartons. It started operations in
Wednesday, 3 April 2013
Deal Alert: Nexus, Avalon invest in fmr Microsoft exec Sanjay Parthasarathy’s analytics co Indix
Posted on 00:15 by Unknown
Indix secures $4.5 million in Series A funding from Nexus Venture Partners and Avalon Ventures
Indix today announced that it had secured $4.5 million in new funding from leading venture capital firms, Nexus Venture Partners and Avalon Ventures. Indix had previously raised $1.4 million in financing from seed investors, including Nexus Venture Partners.
Indix is a Seattle, USA, and Chennai,
Tuesday, 2 April 2013
Deal Alert: Pepperfry.com raises $8-M in second round from NVP
Posted on 21:02 by Unknown
Pepperfry.com, an online lifestyle store run by Mumbai-based Trendsutra Platform Services Pvt. Ltd, has raised $8 million from Norwest Venture Partners (NVP) in its second round of funding. The proceeds would be used for increasing the number of offerings at the website and for setting up more fulfilment centres in Kolkata, Bangalore and Chennai. Currently, the company has fulfilment centres in
Deal Alert: Private jet operator Invision looking to raise $27-M
Posted on 21:00 by Unknown
Mumbai-based Invision Air, which provides a private jet charter servie aimed at corporate travelers and also sales and maintenance services of private aircrafts, is looking to raise $27 million in equity. The company was founded in June 2011 by Vinit Phatak and Jayant Nadkarni. The other businesses of the Invision group include telecommunications (via a joint venture with Germany-based antenna
Monday, 1 April 2013
Catch the Top Minds in Indian Private Equity on CNBC This Weekend
Posted on 22:54 by Unknown
Saturday (April 6): 4:00 pm & Sunday (April 7): 4:00 pm
CNBC-TV18 will telecast a special panel discussion on Private Equity this weekend featuring:
K.P.Balaraj, Founder & MD, WestBridge Capital
Vijay Pattabhiraman, MD, JP Morgan
Akhil Gupta, Sr.MD, Blackstone Group
Srivatsa Krishna, IAS & Ex-World Bank (Session Chair)
Sandeep Naik, MD, General Atlantic
Ashish Dhawan, Founder,
Deal Alert: IFC to invest in Suryoday Microfinance
Posted on 21:11 by Unknown
IFC is to invest in Chennai-based microfinance firm Suryoday Microfinance Pvt. Ltd. via quasi-equity and senior debt. Suryoday has a borrower base of approximately 145,000 borrowers and a gross loan portfolio in excess of Rs.120 crore across five states. IFC’s proposed investment will help Suryoday expand its operations by strengthening its balance sheet, providing access to diversified funding
Deal Alert: Snapdeal raises $50-M from eBay, existing investors: report
Posted on 21:07 by Unknown
New-Delhi based online marketplace Snapdeal has raised $50 million from eBay and existing investors, including a Japanese financial institution. The investment, which was closed around 4 months back, was led by eBay with participation from existing investors Bessemer Venture Partners, Nexus Venture and IndoUS Venture Partners.
With this round, Snapdeal has raised total of $102 million of
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