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Friday, 25 October 2013

Off Topic: The License-Permit-IT Raid Raj Is Alive & Kicking Onion Eaters

Posted on 05:56 by Unknown
The Hue and Cry over onion prices hitting Rs.100 pr kg, made me revisit this Economic Times feature (written on Oct 1, when the prices were Rs.80 per kg) which had some revealing details on why the License-Permit-IT Raid Raj is alive and well. Extracts (emphasis mine):
As it is, the number of traders in onion mandis is not increasing. In important onion markets, it adds, most commission agents
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Posted in economics, government, Policy | No comments

Thursday, 24 October 2013

Deal Alert: Tata Capital leads Rs.40-Cr investment in oncology solutions provider Mitra Biotech

Posted on 21:38 by Unknown


Tata Capital Innovations Fund, managed by Tata Capital, along with existing investors India Innovation Fund and Accel Partners, will invest about Rs 40 crore in the Series B funding for Bangalore-based cancer care provider Mitra Biotech. The deal values the firm at about Rs 200 crore. Founded by a team of medical researchers from the MIT and Harvard Medical School, Mitra Biotech works with top
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Posted in | No comments

Deal Alert: Tata Capital invests Rs.32-Cr in IFMR Rural Channels

Posted on 21:34 by Unknown


Tata Capital Limited, via Tata Capital Special Situations Fund, has invested INR 32 Cr in Chennai-based IFMR Rural Channels and Services Private Limited (IRCS). In March 2012, IRCS had raised funding from Lok Capital and Proparco. The latest investment will help IRCS scale its business in its current areas of operation, in addition to expanding its reach to newer geographies.



IRCS is in the
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Deal Alert: Mumbai Angels invests in SkillWiz and MangoSense

Posted on 21:33 by Unknown


SkillWiz, a career assessment company has raised funding from Mumbai Angels and other angel investors from India and Singapore. The firm will use the funds for product development, hiring talent, and for sales and marketing. 



Mumbai Angels has also invested in Pune-based startup MangoSense, which allows users to create, share and learn from stories on mobile and web platforms using simple
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Posted in | No comments

Wednesday, 23 October 2013

Deal Alert: Peepul Capital leads $30-M funding for online advertising firm Komli

Posted on 20:52 by Unknown


Mumbai-based digital advertising platform Komli Media has raised $30 million from Peepul Capital with participation from existing investors Norwest Venture Partners, Nexus Venture Partners Helion Venture Partners and Draper Fisher Jurvetson. The company, which has now raised over $90 million in PE investment, will invest further in technology, especially in data analytics. 



Source: Times of
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Deal Alert: Homeshop18 raises $14-M more from existing investors

Posted on 20:51 by Unknown


The online teleshopping arm of Network 18, Homeshop18, has closed$14 million in a new round of funding led by existing investors - Korean home shopping major, GS Home Shopping (GS), OCP Asia Ltd (OCP Asia) and Network18. GS is investing $11 million while OCP Asia and Network18 will invest the rest.



The new funding will now value HomeShop18 at$360 million. Network18 will remain the majority
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Tuesday, 22 October 2013

Deal Alert: Intel Capital invests in taxi booking service Savaari, data recovery firm Perpetuuiti

Posted on 21:33 by Unknown


Intel Capital has invested in Mumbai-based Perpetuuiti Technosoft and Bangalore-based Savaari Car Rentals. Perpetuuiti Technosoft offers real-time visibility and availability management of business continuity planning/disaster recovery (BCP/DR) infrastructure. With this investment the company plans to expand its reach outside India and take their BCP solution to Africa and USA.



Savaari Car
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Sunday, 20 October 2013

Deal Alert: RSM acquires sustainability and energy advisory firm General Carbon

Posted on 21:02 by Unknown


Accounting and consulting firm RSM Astute Consulting Group has acquired a majority stake in General Carbon, a sustainability and energy advisory service company, which now becomes a subsidiary of RSM in India and will be called RSM GC Advisory Services. General Carbon, promoted by P Ram Babu, provides strategic, technical and financial services across major energy and environmental commodity
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Posted in | No comments

Thursday, 17 October 2013

Deal Alert: Travel start-up Mygola raises $1.5 M Series A round led by Helion Ventures

Posted on 21:04 by Unknown


Bangalore-based travel start-up Mygola has raised $1.5 million in a Series A funding round led by Helion Venture Partners with participation from existing investor Blumberg Capital. The firm plans to use funding to expand presence in the US, testing marketing channels and growth. Ashish Gupta of Helion has joined the board of the company.



Mygola helps travelers discover travel itineraries
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Deal Alert: Commerce education start-up K2 Learning raises Rs.8-Cr

Posted on 21:03 by Unknown


Bangalore-based education start-up K2 Learning Resources has raised INR 8 crore in angel funding. Founded in 2010 by Sripal Jain, K2 offers professional commerce education in areas like chartered accountancy and company secretary programme, through offline classes and also through online help and content. The firm plans to use the angel funding to set up tablet-labs in 100 colleges. The tablets
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Wednesday, 16 October 2013

Deal Alert: India Quotient invests in online wish list service Wishberg

Posted on 21:19 by Unknown


India Quotient has invested Mumbai-based Wishberg, an online platform that enables users to share their product experiences and create wish-lists. Wishberg, founded by Pravin Jadhav and Kulin Shah, aims to allow users to share product and purchase intents, and discover reviews and experiences based on them. The company was previously known as Tyche’d and had launched an alpha version in July
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Posted in | No comments

Deal Alert: India Quotient invests in sandwich restaurant chain Inbetween

Posted on 21:18 by Unknown


Seed stage VC investor India Quotient has invested in InBetween, a quick food startup that specializes in sandwiches. InBetween has three outlets in Mumbai – at Kalina, Powai and Mahakali Caves Road. 



From the Venture Intelligence PE Deal database: The deal was completed in July 2013. Promoted by Haraka Food Pvt Ltd, InBetween also attracted a co-investment from Unilazer Ventures. Abhishek
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Tuesday, 15 October 2013

Deal Alert: Silver Lake leads Rs. 250-Cr round for commodities trading software firm Eka Soft

Posted on 20:56 by Unknown


Silver Lake via its growth capital fund, Silver Lake Kraftwerk, is leading a INR 250 crore funding round for a significant minority stake in Eka Software Solutions, a Bangalore-based provider of software for commodity trading. This round values Eka Software at an estimated INR 700 crore. The company has previously raised about $16 million (INR 95 crores) from Nexus Venture Partners along
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Deal Alert: Data backup software firm Druva raises $25-M Series C led by Tenaya Capital

Posted on 20:55 by Unknown


Data security solutions company Druva has raised $25 million in Series C funding led by US-based Tenaya Capital with participation from existing investors Sequoia Capital India and Nexus Ventures. Tom Banahan, Managing Director of Tenaya Capital, has joined the company’s board. Druva will use the new funds to support R&D, expand global sales and marketing and cloud infrastructure to support new
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Thursday, 10 October 2013

Deal Alert: IDG, Inventus invest $2-M in product recommendation engine Unbxd

Posted on 21:23 by Unknown


Unbxd, a Bangalore-based startup focused on product recommendation, has raised a Series A round of $2 million (Rs 12.4 crore) from Inventus Capital Partners and IDG Ventures India. The funds will be used by Unbxd to strengthen its presence in Singapore and in the North American markets, while a substantial portion will also be used towards furthering its research and development efforts. 



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Deal Alert: Aarin, Accel, IDG & Kitven invest Rs.27.5 Cr in biopharma co Theramyt

Posted on 21:22 by Unknown


Aarin Capital, Accel Partners, IDG Ventures as well as Karnataka state government-backed KITVEN have invested INR 27.5 crore in Bangalore-based biopharma company Theramyt Novobiologics. Theramyt is developing therapies for cancer, rheumatoid arthritis and diabetes and will use the funding on research and development, hiring talent and infrastructure.



Theramyt is the second venture for
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Deal Alert: JustUnfollow acquires app maker behind JustMigrate and 3Crumbs

Posted on 21:21 by Unknown


JustUnfollow, a provider of a Twitter management app, has acquired blog migration tool JustMigrate and social discovery app 3Crumbs, both developed by Borget Solutions. The founders of Borget Solutions will be joining JustUnfollow. The company sees this acquisition as a move to help the JustUnfollow’s next growth phase both in terms of people and products. The products will exist
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Wednesday, 9 October 2013

Deal Alert: Flipkart tops up 5th round with addl $160-M

Posted on 21:12 by Unknown


E-commerce leader Flipkart received an additional $160 million from new investors Morgan Stanley Investment Management, Dragoneer Investment Group, Sofina and Vulcan Capital as well as existing investor Tiger Global. The latest investments takes the total amount raised in the fifth round of funding to $360 million. Flipkart had earlier raised $200 million from existing investors including
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Tuesday, 8 October 2013

Deal Alert: Apax buys out outsourced product development firm GlobalLogic for $420-M

Posted on 21:36 by Unknown


Apax Partners has acquired US- and India-based, VC-backed outsourced product development firm GlobalLogic for $420 million (Rs 2,578 crore). Founded in 2001 as IndusLogic, GlobalLogic, founded by Rajul Garg, Sanjay Singh, Manoj Agarwala and Tarun Upadhyay, has development centres in India, Ukraine and Argentina. 



It reported around $250 million is sales. The valuation is reportedly more than
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Deal Alert: Sequoia to invest Rs.24.7 Cr in process automation software firm Idea Device

Posted on 21:34 by Unknown


Sequoia Capital India has invested $4 million (INR 24.7 crore) in Idea Device, a Bangalore-based process automation startup. Founded by former Oracle executives Saju Pillai and Aaditya Sood in 2009, Idea Device will use the funding to expand in markets such as US and Singapore and also to hire talent and expand its product suite. 



Source: Economic Times 



 


Venture Intelligence is the
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Deal Alert: Hyderabad Angels, VertExperts invest in online personal finance firm IndianMoney.com

Posted on 21:33 by Unknown


Bangalore-based Suvision Holdings Pvt Ltd, which runs financial education company, IndianMoney.com has raised funding from Hyderabad Angels. Pradeep Mittal, former head of Magna infotech's Indian operations, has joined the company’s board. VertExperts Consulting LLP is the other investor in the company. 



Venture Intelligence is the leading provider of data and analysis on Private Company
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Monday, 7 October 2013

Deal Alert: Jungle Ventures, Samir Bangara invest in mobile payments firm Pokkt

Posted on 21:02 by Unknown


Mobile advertising platform Pokkt has raised funding from Jungle Ventures and Samir Bangara, the Co-Founder & Managing Director of Qyuki. Pokkt is an alternate mobile payment platform for people wanting to sell digital goods and services through an ad funded model. 



From the Venture Intelligence Incuabtion Deal database: In October 2012 Pokkt was incubated by GSF Accelerator. The company
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Deal Alert: Rural utility vehicle maker Evomo raise funds from IIM-A’s CIIE

Posted on 21:00 by Unknown


Ahmedabad based Evomo Research & Advancement Pvt. Ltd, a rural transportation enterprise, has raised funds from IIM Ahmedabad’s Centre for Innovation Incubation & Entrepreneurship (CIIE). The company will use the funds to refine its business model, develop new strategies and begin taking pre-orders.



Evomo, launched in 2010 Abhinav Das, designs and manufactures low-cost Rural Utility Vehicles
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Deal Alert: Godrej Consumer to buy 30% stake in salon chain B:blunt

Posted on 20:59 by Unknown


FMCG firm Godrej Consumer Products Ltd (GCPL) entered the hair salon segment with the acquisition of 30% stake in Mumbai-based premium hair salon chain B:Blunt Hair Dressing Pvt Ltd. B:Blunt hair salon chain in run by siblings Adhuna Bhabani Akhtar and Osh Bhabani.



Started in 2005, it has 17 outlets spread across Mumbai, New Delhi, Hyderabad, Pune, Indore Bangalore and Dubai.

GCPL’s current
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Sunday, 6 October 2013

Deal Alert: Nagpur social travel startup Touristlink joins African accelerator program

Posted on 21:21 by Unknown


Holiday Deals Pvt Ltd, a Nagpur-based firm that runs social travel network Touristlink.com, has joined Kenya-based accelerator 88mph (88mph.ac). The start-up, founded by David Urmann and Jayesh Bagde, has also raised funds from a few angel investors as well. 



The company will use the funds to develop the portal and establish presence in the African market, besides marketing the service in
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Deal Alert: The Morpheus incubates interior designer aggregation service Dwll.in

Posted on 21:20 by Unknown


Mumbai-based P&P Associates, which runs online portal Dwll.in, has been selected for incubation by Chandigarh-based The Morpheus. Dwll allows home and business owners to choose interior designers through its platform and releases customer money to the selected designer in three stages during the execution of the project. The firm, founded by Pankaj Poddar and Parikshat Hemrajani, is currently
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Thursday, 3 October 2013

Deal Alert: Aavishkaar Goodwell leads Rs.21-Cr investment in Swarna Pragati Housing Microfinance

Posted on 21:14 by Unknown


New Delhi-based Swarna Pragati Housing Microfinance has received primary infusion equity of INR 210 million led by Aavishkaar Goodwell, a financial inclusion fund. Existing investor Asia Pragati, a NBFC backed by PAG (Pacific Alliance Group), which holds majority stake in Swarna Pragati, has also participated in this round.



Set up and promoted by bankers led by A. Ramesh Kumar, former CGM,
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Deal Alert: Matrix Partners India invests in Stayzilla.com

Posted on 02:52 by Unknown


Matrix Partners India today announced that it has acquired a significant minority stake in Stayzilla.com, as the sole investor in the first institutional round of equity funding for the Company. Stayzilla.com operates an online platform to research and reserve “value hotels” in more than 750 cities across India.



“The online hotel booking industry has been at a nascent stage for the last few
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Wednesday, 2 October 2013

Vikram Akula and SKS Microfinance: The Saga Renews

Posted on 21:50 by Unknown

Economic Times has a feature on SKS Microfinance and the company's founder Vikram Akula pegged on the recent move by SKS Trust which holds a 12.6% in the publicly listed company to nominate Akula to its board.

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.
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Posted in Microfinance, SKS Microfinance | No comments

PE investments decline 67% to $1.3 B in Q3’13; 9 month figure drops by 38%

Posted on 04:15 by Unknown

IT deals claim 45% of pie; Buyouts in Manufacturing on the Rise

Private Equity firms invested about $1,300 million across 75 deals during the quarter ended September 2013, according to early data from Venture Intelligence (http://www.ventureintelligence.in), a research service focused on private company financials, transactions and valuations in India. The investment amount was 67% lower than
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Posted in data, private equity, Statistics, Venture Capital | No comments
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Blog Archive

  • ▼  2013 (477)
    • ▼  October (30)
      • Off Topic: The License-Permit-IT Raid Raj Is Alive...
      • Deal Alert: Tata Capital leads Rs.40-Cr investment...
      • Deal Alert: Tata Capital invests Rs.32-Cr in IFMR ...
      • Deal Alert: Mumbai Angels invests in SkillWiz and ...
      • Deal Alert: Peepul Capital leads $30-M funding f...
      • Deal Alert: Homeshop18 raises $14-M more from exis...
      • Deal Alert: Intel Capital invests in taxi booking ...
      • Deal Alert: RSM acquires sustainability and energy...
      • Deal Alert: Travel start-up Mygola raises $1.5 M S...
      • Deal Alert: Commerce education start-up K2 Learnin...
      • Deal Alert: India Quotient invests in online wish ...
      • Deal Alert: India Quotient invests in sandwich res...
      • Deal Alert: Silver Lake leads Rs. 250-Cr round for...
      • Deal Alert: Data backup software firm Druva raise...
      • Deal Alert: IDG, Inventus invest $2-M in product ...
      • Deal Alert: Aarin, Accel, IDG & Kitven invest Rs.2...
      • Deal Alert: JustUnfollow acquires app maker behind...
      • Deal Alert: Flipkart tops up 5th round with addl $...
      • Deal Alert: Apax buys out outsourced product devel...
      • Deal Alert: Sequoia to invest Rs.24.7 Cr in proces...
      • Deal Alert: Hyderabad Angels, VertExperts invest ...
      • Deal Alert: Jungle Ventures, Samir Bangara invest...
      • Deal Alert: Rural utility vehicle maker Evomo rais...
      • Deal Alert: Godrej Consumer to buy 30% stake in sa...
      • Deal Alert: Nagpur social travel startup Touristl...
      • Deal Alert: The Morpheus incubates interior design...
      • Deal Alert: Aavishkaar Goodwell leads Rs.21-Cr inv...
      • Deal Alert: Matrix Partners India invests in Stayz...
      • Vikram Akula and SKS Microfinance: The Saga Renews
      • PE investments decline 67% to $1.3 B in Q3’13; 9 m...
    • ►  September (28)
    • ►  August (39)
    • ►  July (37)
    • ►  June (33)
    • ►  May (37)
    • ►  April (68)
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