Deal Alert: HCG buys majority stake in fertility clinic BACC

Bangalore-headquartered cancer care specialist HealthCare Global (HCG) has bought a majority stake in the Dr Kamini A Rao-founded Bangalore Assisted Conception Centre (BACC). BACC currently has had four centres in Bangalore. The new entity, called Milann - The Fertility Centre, will expand into many more towns and cities, including Tier-II and Tier-III ones.



HCG has some 27 hospitals across

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Deal Alert: Online training & certification firm Edukart raises $500-K from Kima Ventures, others

Delhi-based Earth Education Valley Private Limited which runs online training and certification service Edukart, has raised $500,000 in seed funding from Kima Ventures, AKM Systems, One97 and angel investors. 



Edukart, founded in 2011 by Ishan Gupta and Mayank Gupta, sells courses online in different sectors including retail, finance, digital marketing and programming. 



Source:

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Deal Alert: Blume invests in home furnishing portal Bedbathmore

Online home furnishing portal Bedbathmore.com, promoted by Encompass Design India Pvt Ltd, has raised Series A funding from Blume Ventures. Bedbathmore provides home furnishing products across various categories such as bed, bath and kitchenware. One can filter products based on brands, color, and design pattern. Bedbathmore caters to 3,000 locations and has a fulfillment house in Mumbai. 

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Deal Alert: Cigniti acquires testing services firm Gallop

Publicly listed Cigniti Technologies Ltd has acquired fellow Hyderabad-based, software testing services focused Gallops Solutions. The deal includes the acquisition of Gallop Solutions Private Limited and its US unit Gallop Solutions Inc. Akasam Consulting advised the target on the transaction.



Gallop provides IT Application Lifecycle Management (ALM) services, with a particular focus on

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Deal Alert: Rajan Anandan, Harvard Angels invest in online blood donation service Socialblood

Karthik Naralasetty's startup Socialblood, a platform that brings together blood donors and recipients, has received funding from Google India MD Rajan Anandan, Karthik Reddy of Blume Ventures, and Ravi Gururaj and Ramesh Shah of Harvard Business School Alumni Angels. 



Socialblood was founded in June 2011. It captures a donor's location and places it on a map. 



Source: Times of India

 

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Deal Alert: Inventus, Mumbai Angels to invest $2-M in online tutoring service firm eDreams

eDreams Edusoft Pvt. Ltd., a Bangalore-based education technology company, has raised $2 million in a second round of funding from Inventus Capital Partners, with participation from existing investor Mumbai Angles. The company, established in 2010, offers online tutoring products using technologies such as Artificial Intelligence, Machine Learning, NLP and Speech processing. Its flagship

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Deal Alert: US-based Concert Care acquires IT Services firm Novel Infosolutions

Tanveer Patel-promoted Concert Care, a Birmingham-based firm that helps modest-sized medical practices improve operations, will acquire Chennai-based Novel Infosolutions, a firm of 15 employees providing process automation solutions. The move is one of the three expected acquisitions this year for Concert Care.



Concert Care will receive the 8-9 clients that Novel has in Australia, Sweden and

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Deal Alert: Aarin Capital, Navam Capital invest Rs.10.5 Cr in cancer drug firm Invictus

Invictus Oncology Pvt. Ltd has raised Rs.10.5 crore from investors Navam Capital and Aarin Capital in its first round of fund-raising. The company develops chemotherapy models and will deploy the new financing to advance the development of platinum chemotherapies used in the treatment of several types of cancer, including lung, testicular, colorectal, and childhood cancers. Invictus was

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Deal Alert: Nexus Venture Partners invests in Unicommerce

Unicommerce raises funding from Nexus Venture Partners


Unicommerce, India’s leading provider of SaaS based order management and fulfillment platform today announced that it has received funding from Nexus Venture Partners, India’s leading Venture Capital firm. 



Unicommerce was founded in 2012 by 3 classmates from IIT Delhi -Ankit Pruthi, Karun Singla, Vibhu Garg. Their flagship product

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Fund Alert: Infuse holds first close at Rs.75-Cr

Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector, which is raising a Rs.125 crore fund, had its first closing at Rs.75 crore.



Infuse Ventures, jointly promoted by BP Plc, IFC, ministry of new and renewable energy, Technology Development Board and IIM-A, will invest capital in companies across India and actively

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Deal Alert: Infuse, IFC invest $1.6 M in smart grid tech firm Ecolibrium

Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector, along with International Finance Corp (IFC), has invested $1.6 million in smart grid technologies provider Ecolibrium Energy Pvt. Ltd, which has been incubated at the Centre of Incubation, Innovation, and Entrepreneurship at IIM-A.



Ahmedabad-based Ecolibrium Energy

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Deal Alert: EDA software firm SoftJin sells Photomask, Lithography units to US-based Mentor Graphics

SoftJin Technologies Private Limited, a Bangalore-based company providing "EDA" software and design solutions enabling semiconductor design and manufacturing, has sold its Photomask and Lithography related Software Products business to Mentor Graphics Corporation of Oregon, United States. The transaction, which was closed in April 2013, included the acquisition of all SoftJin's Post Layout EDA

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Deal Alert: Rediff reveals realization from Adnear stake sale as $1.14 M

Rediff.com has sold its stake in Adnear (previously known as Imere), a location based company which it had bought a minority stake in, in 2009, for $1.14 million. The sale happend In November 2012 when AdNear had raised Rs 35 crore (around $6.2 million at current levels) from Sequoia Capital India and Canaan Partners.

AdNear offers location based mobile advertising solutions in India,

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Deal Alert: Kae Capital picks up minority stake in CultureAlley.com

Seed fund Kae Capital has invested in Jaipur-based Intap Labs Pvt. Ltd for a minority stake. Intap Labs, a year-old start-up, runs a language-learning platform CultureAlley.com that it launched in November. The portal claims to have over 100,000 users across 210 nations.



CultureAlley has a cloud-based platform that enables interactive language learning through self-paced audio-visual lessons

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Deal Alert: Villgro invests in neonatal device firm Windmill Health Tech

Villgro Innovations Foundation is to make an equity investment in Windmill Health Technologies, a Delhi-based startup that has created an affordable, neonatal resuscitation device. Branded NeoBreathe, the device enables frontline health workers to resuscitate newborns effectively. Windmill Health was founded in 2012 by Dr. Avijit Bansal (who had earlier worked at Fortis Hospitals) and

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Deal Alert: Comparison shopping firm ShoppingWish raises funds from Sandeep Johri, others

Wishpoint Tech Pvt. Ltd., which runs price comparison portal ShoppingWish.in, has raised angel funding from Sandeep Johri and other angel investors. Founded in June 2012 by Sushil Choudhari and Madhur Khandelwal, ShoppingWish is a price comparison search engine for consumer products such as camera, computer, mobiles, appliances, and also for personal care and entertainment.



Source: Medianama

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Deal Alert: Singapore’s JFDI.Asia to incubate 3 Indian cos

Singapore’s Joyful Frog Digital Incubator, commonly referred to as JFDI.Asia, is to incubate three Indian startups for its current batch. The companies include AskAbt, a community networking platform; healthcare services facilitator MyFitnessWallet and medical practice software maker DocTree. 



 The chosen companies enter a 100-day program out of which 60% manage to secure follow-on funding.

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Deal Alert: Mayfield invests in The Beer Cafe

Gurgaon-based BTB Marketing Pvt. Ltd., which runs QSR chain cum beverage store The Beer Cafe, has raised funding from Mayfield India Fund, regulatory filings reveal. Vikram Godse of Mayfield has joined the BTB Marketing board.

The five-year-old Beer Cafe currently operates four outlets in and around Delhi/NCR. 



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Deal Alert: 500 Startups adds Seat14A, School Admissions, Tushky to investee list

500 Startups has released the list of companies for the next batch of companies for its startup accelerator program. Twenty-eight companies feature in this batch, of which 20 are international. It is the first time that 500 startups has invested in middle-eastern and African startups; 2 companies from Jordan and one from Ghana. Apart from this, five Indian startups have been selected as a part

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Deal Alert: Poovayya, AZB partners invest in legal education venture Rainmaker

Mumbai-based Rainmaker, which creates specialized learning material for law universities, has raised seed funding of $3 million (Rs.16.4 crore) across three rounds from a mix of family, friends and angel investors. The company’s backers include Sajan Poovayya, the additional advocate-general for Karnataka and managing partner of law firm Poovayya and Co, as well as Bahram Vakil, one of the

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Deal Alert: Aditi acquires cloud computing focused IT Services firm Get Cloud Ready

Bangalore-based Aditi Technologies has acquired Get Cloud Ready, a Hyderabad-based cloud operations consulting firm. The deal, Aditi’s second major cloud consulting acquisition since Cumulux in 2011, is aimed at bolstering Aditi’s offerings for migrating and managing complex, cross-platform deployments on cloud. 



Get Cloud Ready Consulting was founded by Janakiram MSV, a former Microsoft and

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New Venture: Via.com co-founders to launch new travel startup

The two founders of online travel website Via.com, Vinay Gupta and Amit Aggarwal, have moved out of active roles at the VC-backed company and will soon launch a travel related venture out of Singapore. Earlier this year, Via promoted COO V Swaminathan as CEO, and CEO Vinay Gupta was named chairman. Co-founder Amit Aggarwal, formerly CTO, was named board observer. 



Source: Mint

 



Venture

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Deal Alert: Mobile contacts mgmt firm SyncUsUp to be incubated at Frictionless Ventures

Mobile contacts management app SyncUsUp, which was a finalist at the Harvard Business School-New Venture Contest held last month in Boston, is to become the first company to be incubated at Frictionless Ventures, an incubator set up by former Citrix executive Ravi Gururaj. Frictionless Ventures will invest $50,000-250,000 in ideas focused on sectors like cloud computing, mobility and big data.

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Deal Alert: Alacrity Securities files for IPO

Mumbai-based Alacrity Securities has filed the DRHP to issue 60,00,000 equity shares of Rs.10 each for a cash price of Rs.15 aggregating to Rs.9 crore, constituting 28.57% of the post issue paid up capital of the company. Guiness Corporate Advisors is the lead manager to the issue. The company will be listed on the BSE SME platform. 



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Deal Alert: 500 Startups leads fresh funding round in PriceBaba

Mumbai-based PriceBaba, a location-based shopping intelligence engine, has raised funding from seed fund and accelerator 500 Startups and existing angels Karamveer Singh and Dinesh Tejwani. This follows an earlier seed round raised from a group of five angel investors this January. Following the 500 Startups investment, PriceBaba, founded by Annkur Agarwal and Tirthesh Ganatra, joins the firm’s

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Deal Alert: Waste management firm Nepra in talks to raise $10-M

Ahmedabad-based dry waste management firm Nepra Resource Management is looking to raise $9-10 million and is in talks with both impact investors and commercial VC funds. Every day, the startup, which operates under the Let’s Recycle brand, collects an assortment of discarded items such as plastic bottles, cans, tetra packs, bubble wrap and batteries and makes them recycle-worthy. It collects an

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Deal Alert: Yoga Smoga raises Rs.5-Cr from Mumbai Angels, others

Mumbai Angels, along with a group of unnamed US-based angels, has invested around Rs.5 crore in Yoga Smoga, a yoga-inspired athletic apparel and accessories company founded by US-based Indian-origin entrepreneur Rishi Bali. This is the fifth international investment for the angel group. 



Yoga Smoga was founded in 2010 as a designer and manufacturer of athletic clothing. It has developed a

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Deal Alert: Mountain Apollo invests in lingerie e-tailer Cloe

Mountain Apollo, a joint venture investment firm formed by the promoters of Delhi-based Apollo Tyres and Switzerland-based asset management firm Mountain Partners AG, has invested in Purple Panda Retail Pvt. Ltd, a Noida based firm retailing fashion lingerie, innerwear and nightwear online under the brandname of Cloe. Founded in 2012, Cloe Lingerie is led by its Founding Director & CEO Neha

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Deal Alert: Former Disney India MD Samir Bangara invests in Qyuki

AR Rahman & Shekhar Kapur’s media startup Qyuki has raised angel funding from former Disney India MD (Digital) Samir Bangara who will also join as company’s the new CEO replacing Poonacha Machaiah. 



Launched in December 2012, Qyuki aims to offer a platform for artists to share their content, connect to people with similar creative interests, view creations from various other artists, and

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Deal Alert: Rocket Internet’s FoodPanda raises $20-M from AB Kinnevik, Phenomen Ventures

FoodPanda, an online food delivery site promoted by European VC firm Rocket Internet, has secured more than $20 million funding from a group of investors including AB Kinnevik and Phenomen Ventures. The company focuses especially on emerging markets, operates together with its affiliated brand hellofood already in 27 countries on four continents and reaches about three billion people worldwide.

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Fund Alert: Startup Village gets SEBI nod for $10-M angel fund

Kochi-based Startup Village, the telecom sector focused start-up incubator promoted by the central government’s Department of Science and Technology, Technopark Trivandrum and MobME Wireless, has received market regulator SEBI’s approval for its $10 million angel fund, with a greenshoe option to increase the corpus to $20 million. It will invest between $20,000 and $250,000 per company. 



The

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Deal Alert: Helical IT raises Rs.25 lakh in angel round

Hyderabad-based Helical IT solutions, a data warehousing and business intelligence services firm, has raised Rs.25 lakh from a Singapore-based angel investor. 



The company, incorporated in October 2011 became operational in November 2012. It provides business intelligence, data warehousing, data visualization, data modelling and business intelligence using social media tools. The company was

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Deal Alert: IAN backs photo storage portal Joognu.com

Joognu.com, a photo storage portal that also allows customers to upload important documents or write diary thoughts, has received investment from Indian Angels Network (IAN). Joognu was started by Anirvan Dam who was formerly with Radio Mirchi. The venture made Rs.18 lakh revenue in the first year by selling membership at various price points. Joognu also has an Android app which allows users

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Deal Alert: School lender Varthana raises funding from Accion's Venture La

Global non-profit Accion, through its seed capital initiative Venture Lab, has invested in Varthana, which provides loans and support to affordable private schools in India, promoting access to and affordability of quality education for the poor.

Bangalore-headquartered Varthana was founded by Steve Hardgrave and Brajesh Mishra.



Source: Press Release




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Deal Alert: Nexus-backed mobile productivity software firm Astrid acquired by Yahoo

Yahoo has acquired the popular San Francisco-based mobile task management app firm Astrid. The app is set to continue as normal for the next 90 days but will no longer accept new premium subscriptions. Astrid has notched up around 4 million users since it was launched in 2008.

The to-do list app has the ability to sync entries across platforms and allows users to share lists. Its iOS version

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Deal Alert: E-tailer Bluegape.com raises seed round from Aniket Khera and Rahul Bhatia

Bluegape, a fan merchandising store that allows users to create customized products, has raised a seed round from finance professionals Aniket Khera, Rahul Bhatia and an unnamed internet entrepreneur. Bluegape was a part of the TLabs accelerator where it had got a financing of Rs.10 lakh. The funding is in the form of convertible notes. 



The New Delhi-based company was started in August 2011

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Deal Alert: Jewelry e-tailer Voylla raises Rs.2.5 Cr from Snow Leopard Tech Ventures

Designer jewellery and accessories portal Voylla.com has raised Rs.2.5 crore from Pune-based Snow Leopard Technology Ventures. Chris Kolenaty, Partner, Snow Leopard Technology Ventures, will join on Board of Directors of Voylla.

Voylla.com was founded in 2012 by two ex-amazonians Vishwas Shringi and Raj Uparkar. It offers a broad variety of jewellery, including gold-plated metal or pure

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