Members of the Delhi-based Indian Angel Network (IAN) has acquired a 20 percent stake in US-based legal process outsourcing (LPO) venture TechLit Solutions for $1 million, valuing the start-up at $5 million. Techlit was started in January 2008 by Neal Gupta (who is also a member of IAN) along with the co-founders of Aptara, [...]
Private Equity
Capvent Readies $250-Million To Invest In First & Second Time Funds
Lighthouse Announces First Closing Of Rs 500-Crore India 2020 Fund
Promethean Becomes Elephant Capital; Burmans Take Charge
ADAG Forms Entity To Raise $1 Billion Private Equity Fund; Ramesh Venkat To Head It
Gaja Capital Raises Funds From Electra, Goldman Sachs
AMP Capital Announces $750-M Asian Infra Fund; To [...]
Mumbai-based Seedfund, the early stage venture capital fund launched in 2006, is getting bigger for sure. A few days ago, Business Standard reported saying Seedfund is raising a $30 million fund. The Economic Times today reported, quoting sources, that Seefund is on its way to raise a $50 million fund. VC Circle reached out to [...]
Exclusive: Hyderabad based mobile TV company, Apalya Technologies Pvt. Ltd, has received $500,000 (Rs 2 crore) investment from Mumbai Angels, a network of angel investors. Apalya aggregates premium entertainment content from content providers, and then optimises it for small screen or mobile viewing. The firm was founded in December 2005 by Vamshi Reddy and Shiva [...]
Private equity
Nomura Invests $16 Million In Chennai’s Real Images
Nokia Growth Partners Gets $150M From Nokia; Plans Office In India
Private Equity Deal Making May Not Necessarily See An Increase Post Credit Tightening
Value Pick: New York PE Firm Buys Into Welspun Gujarat
Red Fort Capital Acquires 49% In Godrej Properties’ Kolkata Project
Future Capital Holdings Income Grows 5-Fold; Logistcs [...]
Vishal Gondal, Founder and CEO of Indiagames Ltd, is becoming a saviour for startups. Gondal, who sold a large chunk of his holdings in the online gaming company Indiagames first to Chinese gaming giant Tom Online and later to UTV Software Communications, has launched a new venture called Sweat And Blood Venture Group. This entity [...]
Leading Silicon Valley venture capital firm Draper Fisher Jurvetson (DFJ) is shedding its pure early stage venture focus in India to be a stage and sector agnostic player. Globally, DFJ, which has backed companies like Skype and Baidu, has been making early stage technology investments. In India, it will follow a slightly different approach, following [...]
Erasmic Venture Fund, the Bangalore-based early stage investment firm, has become part of the global venture capital fund Accel Partners. The new entity will be called Accel India Venture Fund. All the current portfolio companies (about a dozen) and the four partners of Erasmic will be part of Accel India. Being part of a larger [...]
In a significant development, Bangalore-based early stage investment firm Erasmic Venture Fund has merged with Silicon Valley based Accel Partners, whose portfolio counts companies like Brightcove, Facebook and WalMart.com. The merged entity will form the vehicle for the India entry of the US based Accel, which currently has offices in Silicon Valley, Europe, Israel and [...]
Here is a listing of startups who were present at Proto, a startup event that was held at IIT Delhi last week. We also bring you a quick reaction of Rahul Khanna, Director, Clearstone Venture Partners, who was present at the event. (Disclaimer: Khanna’s opinion is not based on any detailed evaluation of the business [...]
Info Edge Ltd, the owners of jobs portal Naukri.com, has made investment in another education company. Info Edge informed the stock exchanges today that it has proposed to invest Rs 6.5 crore or $1.54 million for a 40 per cent equity stake in Applect Learning Systems, a Delhi-based education content developer. It has already disbursed [...]
Mumbai-based Seedfund, the early stage venture capital fund launched in 2006, may raise a second fund of $30 million, reports Business Standard, quoting sources. Seedfund, founded by Pravin Gandhi, Mahesh Murthy and Bharati Jacob, had raised about $10-15 million for its first fund. Our mail to Mahesh Murthy to confirm the development is unanswered till [...]
Former Mphasis CEO Jerry Rao and eight other angel investors have invested Rs 6.5 crore (or about $1.5 million) in a marketing startup founded by Pranesh Misra, one of the senior-most executives of advertising agency Lintas India. Mishra, who spent close to 30 years at Lintas, has set up a marketing consulting, data analytics and [...]
Software-as-a-Service (SaaS) is turning a favourite business model to back for investors. The latest such venture to get backing by early stage VCs is Fin-e-ssential Infotech India Ltd, a Mumbai based company that had its origins during the dotcom boom of 1999-2000 as an online tax filing company (www.filemyreturns.com), and now metamorphosed into a payroll [...]
Exclusive: Textual Analytics Solutions(TAS), a Bangalore-based text mining company that promises to make the life of information intermediaries easier, has landed funding of $250,000 from Mumbai Angels and Harsh Saksaria (whose Mumbai based family is into construction business). Prior to this round, TAS received $650,000 from a group of angel investors which included Ashish Gupta [...]
