This is the firm’s second major cloud consulting acquisition; Aditi acquired Cumulux in 2011.
Based in Bangalore, this incubator picks up and incubates concepts relevant to cloud computing, mobility and Big Data space.
Net profit falls by 43.2% for the year due to forex losses and an exceptional item.
The share price of the IT firm has fallen more than 80% in the past two years as revenues slide and the firm has slipped into losses.
Existing investors Cisco Systems, El Dorado Ventures and Partech International also participated in this Series D round.
The money will be used for refinancing existing debt to meet working capital requirements and for general corporate purposes.
As part of the deal, Srinivas Prasad and Anand Mutalik will continue to serve on Dearborn’s board as MD and CEO, respectively.
Devireddy has made the investment in his personal capacity and acquired an undisclosed stake in the firm.
Servion was earlier backed by Sansar Capital.
First investment by Wipro in CY13; last year, it acquired Australian firm Promax Applications for $37 million.
The digital signal processing firm raised VC funding from Global Technology Ventures in 2001.
Hyderabad-based Helical is an open source data warehousing, data visualisation, data modelling and business intelligence solutions provider.
The venture capital firm, which raised its third fund late last year, has made over half a dozen exits.
The largest Indian consumer Internet firm sees pressure on operating margins as expenses move faster than revenue growth
Bharti Airtel also counts Singapore's sovereign wealth fund Temasek as a shareholder.
In October 2012, the startup raised under Rs 1 crore in angel funding from unnamed investors.
The cash-rich business group has also committed capital in the VC firm, which seeks to help US-based entrepreneurs win clients in Asia.
The incubator says it has 26 startups in its portfolio at present and insists it may launch an early stage fund.
The chief executive of one of India’s top online travel agencies talks about inorganic expansion, operations and more.
The latest funding means it has scooped a total of around $39 million till date.
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