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 [...]
Indian Angel Network is going beyond the Indian shores. The Delhi-headquaretered angel investing forum has made an investment in a Sri Lankan company. Rajan Anandan, a member of the Indian Angel Network (IAN) and also the Head of Dell India, has joined a consortium of investors led by Prof. Munasinghe, Vice Chair, UN Intergovernmental Panel [...]
Mercatus Capital, a Singapore-headquartered early stage fund, has also made its first investment in India. The fund has made an undisclosed investment in i-Flapp Technologies, a Singapore and Bangalore-based-start-up which claims to have made the world’s first personal and portable solution for storage devices, according to a report in The Economic Times. i-Flapp’s Apps-D (Application [...]
Here is the third venture capital/PE deal in affordable healthcare services business. Seedfund, an Indian early-stage venture capital firm, and Aavishkaar India Micro Venture Capital Fund, have made an undisclosed joint equity investment in Vaatsalya Healthcare Solutions Pvt. Ltd, a healthcare services startup.
Earlier, Narayana Hrudayalaya, a Bangalore-based hospital company, sold 25 per cent stake to [...]
Erasmic Venture Fund, a Bangalore-based early stage investment firm, has been very active lately. Since its inception in 2007, the early stage fund has made 12 investments out of its initial corpus of $10 million, a part of which has been contributed by search engine giant Google. Erasmic has been looking at investing in a [...]
Google-backed early stage investor Erasmic Venture Fund has invested in Bangalore-based fast food chain Kaati Zone, which has five stores in Bangalore. The chain is believed to be looking at expanding beyond the city. Kaati Zone is led by Kiran Nadkarni, one of the early venture capitalists in the country, and founder of VC fund [...]
In a move to direct investments targeted at “Missing Middle” between microfinance and commercial capital markets in India, The Soros Economic Development Fund (SEDF), Omidyar Network, and Google.org have announced a Small to Medium Enterprise Investment Company with an initial corpus of $17 million.
This joint investment company, which comes from the speculator-investor George Soros, the [...]
You are reading this first here. iXiGO.com, an Indian travel search engine launched in June 2007, has received an undisclosed amount of first-round financing from BAF Spectrum Pte Ltd, a Singapore-based seed investment firm. The investment will fund iXiGO’s marketing plans and also the plans to scale-up searchable travel content. (Ed: See inside this post [...]
IDG Ventures India, the Bangalore-based early stage technology venture capital fund, has announced its investment of $3 million in Aujas Networks Pvt Ltd, a digital security services start up in the city. Aujas was spun off from IDG Venture’s Entreprenuer-in-Residence programme. Aujas is addressing a global security services market of $17 billion in size and [...]
India Equity Partners has invested $8 million (Rs 32 crore) in Bangalore-based HR solutions startup Ikya Human Capital Solutions for an undisclosed equity stake. The HR services company is only four months old. The company, set up in October’07, was founded by a team of 15 HR professionals, who came together from different firms. Ikya [...]
eBay Inc. has sold an undisclosed stake in its Indian classified site Kijiji India to venture capital fund Matrix Partners India. A statement released today said that Matrix Partners India and eBay would jointly own Kijiji India. Kijiji is an online classifieds-style website “that allows local communities to meet, help one another and interact over [...]
