Bangalore-based early stage technology focused venture capital firm Ojas Venture Partners has made a venture capital investment in city based Mango Technologies. The company provides application framework and user interface solutions to ultra-low cost phones (below Rs 2,000). Mango has developed a thinnest modular application & UI framework, which considerably reduces engineering effort and time [...]
Bangalore-based online DVD rental company Seventymm Services Pvt Ltd has received $12.5 million (Rs 50 crore) from NEA Indo US Ventures. This will be the third round of funding for Seventymm, which now has a total capital of around $22 million. While DFJ with ePlanet Ventures had invested $2 million in 2005, the rest was [...]
Matrix Partners India has made a Series-A investment of $7 million (Rs.30 crores) in pre-school educator Tree House Education and Accessories Pvt. Ltd. Mumbai-based Tree House claims to be the largest non-franchised, branded pre-school educator in the country and currently operates more than 45 pre-schools in Mumbai. With the current round of funding, Tree House [...]
Chennai-based Basiz Fund Services Pvt Ltd, a KPO offering investment accounting services for mutual, hedge and private equity funds, has recieved $2 million (Rs 8.5 crore) in funding from NEA-IndoUS Ventures. Basiz has offices in Chennai, Mumbai and Dubai and is a subsidiary of recently listed Vishal Information Technologies Ltd. Vishal is in turn a [...]
Indian venture fund Nexus India Capital Advisors has raised its second fund of $220 million. Nexus, which has fully committed its first fund of $100 million raised in 2006, will retain its policy of investing in early stage companies in the second fund too, Suvir Sujan (right), Co-founder and Managing Director of Nexus India Capital, [...]
Banglore-based Lifeblob, a blogging, picture and video sharing engine where all your posts are arranged as a timeline, has received seed capital financing from Seedfund. Lifeblob links the diary entry that you make with the entry of other people mentioned or involved in the event recorded. So your diary entry becomes a part of other [...]
Bangalore-based online photo printing company Picsquare is going offline. The company has received undisclosed investment from city-based Bhola Digital Lab, an offline photo printing company. Picsquare is a customer of Bhola Digital Labs, which has been using its printing services. With the present investment, it will have both online and offline presence. Picsquare had secured [...]
After equity it is debt financing for SVB in India. The parent company of Silicon Valley Bank, SVB Financial Group, has announced opening of its non-bank venture lending operation in India, SVB India Finance Pvt. Ltd. The venture lending arm will provide debt capital to domestic, venture-backed, early and mid-stage, high growth companies in India. [...]
Exclusive: Delhi-based e-waste management company Attero Recycling Pvt. Ltd has received $6.3 million in series A funding from Draper Fisher Jurvetson and NEA IndoUS Ventures. Attero was founded in 2007 by the brothers, Rohan Gupta and Nitin Gupta. The company plans to set up an automated Waste Electrical and Electronic Equipment (WEEE) processing plant [...]
Communications and Manufacturing Association of India (CMAI), an association for information & communications technology (ICT) manufacturers, has announced $100 million venture capital fund to promote environment friendly research and manufacturing projects. The funds will be provided to the companies who are into research and manufacturing of telecom and ICT products in an environment conscious manner.
CMAI [...]
Policy
Govt Rejects SBI-SocGen JV Proposal For Depository Services
Govt May Have Nixed Jacob Ballas Deal In Devyani International
SEBI Reduces Rights Issue Timelines To 43 Days; QIP Pricing Norms Relaxed
Mergers & Acquisitions
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B
Australia’s IPGA Buys Into Real Estate Portal RealAcres.com
Tesco Finally Gets Indian Partner, Tata’s Trent
Auto Componet Maker Federal-Mogul [...]
US fund of funds TrueBridge Capital Partners will invest 25% of its new Kauffman Fellows Endowment Fund of $310 million in India and China. The fund will invest in venture capital and growth equity managers, principally in the early stage IT and life sciences sectors. Investors in the fund include foundations and endowments, corporate and [...]
Michael & Susan Dell Foundation (MSDF) and Lok Capital LLC have invested $1.5 million in Arohan Financial Services Ltd, a Kolkata-based microfinance institution (MFI). Arohan already has commitments of about $500K (Rs 2 crore) from Bellwether Microfinance Fund. Swaminathan Ankleshwar Iyer, author and journalist, is also an investor in Arohan.
Promoted in 2006 by Shubhankar Sengupta, [...]
HummingBird Suites Pvt Ltd, Bangalore-based service apartment operator has received venture funding of $4 million from Helion Ventures Partners. This is the first round of funding for HummingBird. The company, which has a presence in five cities across the country, will use this round of funding for further expansion and scaling up of its operations. [...]
The New York based Acumen Fund is a non-profit venture fund that invests in businesses that have a social and economic impact. It will invest in companies providing affordable, critical goods and services in sectors such as health, water, housing and energy. The geographies it focuses on are South Asia and East Africa, besides the [...]
