Banglore-based start-up Devas Multimedia Pvt Ltd, a satellite-based multimedia services company, will receive funding of $75 million (Rs 317 crore) from Europe’s largest telecom firm, Deutsche Telekom. The German telco is picking up a 17 per cent stake for $75 million through its Asian arm, which values the company at $443 million, according to a [...]
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 [...]
India and US-based e-publishing firm Pre-Media Global USA Inc (PMG) has raised $4 million funding from NEA Indo-US Ventures. In January this year, PMG had raised $18 million from JM Financial India Fund, a joint venture between JM Financial and Old Lane Fund (currently owned by Citigroup). Post investment, the company has three members from [...]
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 [...]
Ubona Technologies, a voice-based search company, announced today that it has received Series A investment from Capital18. The amount is undisclosed. Capital18 is the venture capital and private equity arm of media group Network18.
Ubona, a Bangalore based company, claims that it has developed “a patent-pending set of systems that can understand what people say, interface [...]
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 [...]
A couple of years ago, Google gave sleepless nights to venture capitalists by picking up technology startups even before VCs spotted them. Now the search engine giant is looking at entering the VC turf directly. Wall Street Journal on Wednesday reported (sub. required) that Google is contemplating a venture capital arm.
The report added that David [...]
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 [...]
Geodesic Techniques, a Banglore-based innovative design and civil engineering company, has raised $11 million from venture capital firms Mayfield Fund and SVB India Capital Partners, a venture fund affiliate of Silicon Valley Bank.
The company claims to have expertise in diverse construction techniques such as space frames, domes, pre-engineered buildings, steel buildings, glass structures, tensile structures, [...]
iYogi, a Gurgaon-based remote technical support provider, has raised $9.5 million in Series B financing from SAP Ventures, a division of SAP AG, Canaan Partners and SVB India Capital Partners, a venture fund affiliate of Silicon Valley Bank.
SAP Ventures joins the existing set of investors Canaan partners and SVB India Capital Partners which earlier invested [...]
Intel Capital, the venture capital arm of chipmaker Intel Corp, has announced that it would invest $17 million into three Indian companies - which includes travel portal Yatra.com, events-oriented social networking portal BuzzInTown.com, and Emnet Samsara Media Pvt. Ltd., an out-of-home advertising firm focusing on the Indian public transportation market. How much has gone into [...]
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 [...]
UnitedLex, a legal process outsourcing company, has received $6 million in a Series B round led by Canaan Partners and joined by the existing investor Helion Venture Partners. UnitedLex’s Series A investment was done by Helion in 2007. Alok Mittal, Managing Director, Canaan partners, would join on the board of UnitedLex. Rahul Chandra, Investment Advisory [...]
