Just 2 weeks left for India’s largest agri & food investment summit; 1 day left for early bird discount; register now
The 5th edition of VCCircle Agri & Food Investment Summit 2013 is just two weeks away. The summit will be held on October 24, at Taj Lands End, Mumbai. The early bird discount expires in a day. Register Now.Indian agri and food industry continues to reshape despite food inflation which ......
ShopClues acquires mobile payments startup Momoe
Online shopping marketplace ShopClues has acquired Bangalore-based Momoe Technologies Pvt. Ltd, as it looks to build a payments business and better compete with bigger rivals including Flipkart and Amazon.The Gurgaon-based e-commerce company didn’t disclose the financial terms of the part-cash, part-stock transaction.The e-tailer said in a statement it will use ......
Why limited partners are wary of investing in India
A long exit window, splits among PE partners and lack of enough secondary data to conduct due diligence are the biggest challenges limited partners (LPs) face while investing in Indian private equity and venture capital funds, according to participants at VCCircle India Limited Partners Summit.The seventh edition of VCCircle’s flagship ......
News Roundup: JSW Energy Joins Race For $2B Australian Coal Mine
JSW Energy Joins Race For $2B Coal Mine - Sajjan Jindal-owned JSW Energy is likely to join the race with Essar group, Hyderabad-based GVK and Lanco Infratech to bid for the coal mines that have been put on the block by Australian coal mining major Hancock Coal. The bids of ......
How much 3i made in full exit from UFO Moviez
UK-based private equity firm 3i that has ceased to make fresh investments in India has exited its almost decade-old investment in digital cinema firm UFO Moviez Ltd by selling its entire 10% stake in the firm.The PE firm that had invested in UFO way back in 2007 has managed to ......
Food ordering startup Swiggy raises $35M from Harmony, RB Investments & others
Bundl Technologies Pvt Ltd, which owns and operates online food ordering startup Swiggy, has raised $35 million (around Rs 236 crore) in Series C round of funding from New York-based investor Harmony Partners and Singapore-based RB Investments. Existing investors also participated in the round.This comes seven months after the firm ......
Blume Ventures’ investment strategy for new fund
Seed investor Blume Ventures has decided to do away with syndicated investments and lead or co-lead most of the early stage investments with larger cheques even as the Mumbai-based firm prepares to accelerate deployment from its $60 million (about Rs 400 crore) second fund which is expected to be fully ......
Truckola raises under $600K in funding via LetsVenture
Mumbai-based technology-driven transportation firm Truckola Technologies Pvt. Ltd has raised Rs 4 crore (around $595,000) in angel funding led by Abhishek Agarwal of Fortune Interfinance Ltd (FIFL) on LetsVenture, an online platform that connects startups with investors to facilitate angel and seed investments, the company said in a statement.Other investors ......
SEBI proposes share lock-in for VC investors of startups listing on new platform via IPO
The Securities and Exchange Board of India (SEBI) has proposed a raft of changes in its institutional trading platform, better known as the startup listing platform, to make it attractive enough for firms to consider going public in India.In particular, the securities market regulator has proposed to reclassify what it ......
News Roundup: UK Investor Takes 26% In NSR’s Destimoney
Vodafone To Defer Tower Sale - The ongoing spat between JV partners Vodafone and Essar has resulted in the mobile operator deferring plans to sell its 7,000 towers across seven circles. Vodafone Essar, majority owned by the UK’s Vodafone Group,and Essar will defer the transaction till a solution to the ......
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