Lightspeed Venture Partners, a global venture capital firm, has closed Light Speed Venture Partners VIII with $800 million of limited partner commitments. This is much above the firm’s target of $675 million. This closing brings Lightspeed’s total funds under management to over $2 billion.
The new fund will look to invest in “industry-leading companies in India, [...]
The India and US based power point (PPT) online sharing company SlideShare.com has received $3 million funding from a group of angels and venture capital fund Venrock Associates. SlideShare works on the same principle as YouTube - the difference is that the former hosts PPTs while the latter hosts videos. (We have used Slideshare on [...]
New Horizon Media Pvt Ltd (NHM), a Chennai based regional language book publisher, has received an undisclosed investment from Beacon India Private Equity Fund as part of its second round of funding. The Mumbai-based fund, part of Dubai-based Baer Capital, will pick up a minority stake in the company. This round also saw investments from [...]
Exclusive: Canvera, a Bangalore-based company that provides online/offline services to professional digital photographers, has raised an undisclosed amount of Series A funding in a round led by Footprint Ventures, and joined by Draper Fisher Jurvetson, Mumbai Angels and a couple angels from the UK. Josh Bornstein from Footprint and Mohanjit Jolly from DFJ have joined [...]
Sandalwood Partners, the Santa Clara headquartered early stage VC firm, is raising its second fund to the tune of $350 million, according to a report. It currently operates runs a $120-million fund. The new fund is in anticipation of an increase in deal-flow as well as the number of partners, the report said. The second [...]
Kleiner Perkins Caufield & Byers, the world’s best know venture capital firm, has raised its 13th fund of $500 million to target large companies pursuing “green” ventures. The $500 million Green Growth Fund is intended to help speed mass market adoption of solutions to the world’s climate crisis. John Denniston, a partner at Kleiner Perkins, [...]
If the deal goes through, this will be the largest M&A deal in the domestic IT space and will also be the occasion of the much-awaited exit for venture capital funds Canaan Partners and e4e. Bangalore-based MindTree Consulting is believed to be in the advanced stages of buying out another mid-tier IT company Aztecsoft. Both [...]
Sandalwood Partners, the Santa Clara headquartered early stage VC firm, has invested $2 million in a Bangalore based unnamed luxury mobile phone company, according to a report in The Economic Times. It plans to invest around $10 million in the company over a period of time. The name of the company stands undisclosed, though. The [...]
There is a thing or two to learn from this exit deal of UTI Ventures. One is that the Indian software product companies are not all that bad an investment. Second, early stage investment in India can get you bumper returns (of course, if your investment is right).
The Bangalore-based venture-turned-growth capital private equity firm has [...]
US venture capital firm Trident Capital is looking to invest $150 million in India over the next three years. This will be done out of its seventh global fund that is going to be raised this year. Trident expects to raise between $600 million and $800 million ifor the new fund.
Mint reports, quoting the firm’s [...]
Qualcomm Ventures, the corporate venture capital arm of the eponymous telecom chip maker, has announced its maiden equity investment in India in Tessolve Services, the US and India-based provider of solutions and platforms for semiconductor testing, packaging, qualification and failure analysis. Tessolve is founded by Raja Mancikam and others.
The transaction details including the deal value [...]
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 [...]
Exclusive: Mumbai Angels-funded mobile advertising company mKhoj has landed Series A investment of $7.1 million from Kleiner Perkins, Caufield & Byers and Sherpalo Ventures, VC Circle has learned. When contacted Praveen Chakravarty, a prominent member of Mumbai Angels, and a senior exceutive with BNP Paribas Securities in India, confirmed the development. Chakravarty is on the [...]
Gridstone Research, a financial information and search company, has announced the closing of a Series B funding of $10 million. The investment was led by the existing backer Helion Venture Partners, and joined by the other existing investors such as Charles River Ventures and Maverick Capital.
Gridstone, founded by Basab Pradhan, former global head of sales [...]
Bangalore-based WiMax startup Sloka Telecom is reportedly in talks with venture capital funds such as Intel Capital and Motorola Ventures to raise its first round of funding, reports EE Times. Sloka is said to be looking at $8 million funding from VCs.
Intel Capital MD in India Sudheer Kuppam had told this website earlier about their [...]
