Infosys to invest $4M in US-based Waterline Data Science
India's second-largest IT services firm Infosys Ltd has decided to invest $4 million in Delaware-based startup Waterline Data Science Inc, which helps companies make sense of large data sets, according to a stock market disclosure.It will pick a minority holding in Waterline Data Science as part of a Series B ......
WhatsOnRent gets angel funding from CommonFloor co-founder, others
Online rental marketplace WhatsOnRent.com, run by Weblevered Technology Pvt Ltd, has raised an undisclosed amount in angel funding from CommonFloor.com co-founder Lalit Mangal and a bunch of other investors.Excubator co-founder Neeraj Gupta, angel investor Sanjay Gupta and Bangalore-based software firm Nixel Technology Pvt Ltd also put money in this round, ......
PE deal volume shrinks but transaction value rises in May, M&A deals nudge up
Even as the total private equity and mergers & acquisitions (M&A) deal volume remained relatively flat during May 2013, the deal value rose 25 per cent largely due to Bharti Airtel's fundraising deal with a Qatar state investment firm.Combined announced value of M&A and PE deals in India stood at ......
Ratan Tata invests in tea e-tailer Teabox
Tata Sons’ chairman emeritus Ratan Tata has invested an undisclosed amount in speciality tea e-tailer Teabox.com, the startup’s CEO Kaushal Dugar told VCCircle.This is the fifth investment in 2016 for Tata, one of India’s most active angel investors last year. Recently, he put money in baby products e-commerce site FirstCry.com. ......
Structural reform is the way ahead
With the Narendra Modi government all set to roll out its third budget on February 29, it is being questioned on the possible measures that carry the potential to make or break its efforts to put forth a powerful budget. What is the biggest challenge that awaits the NDA government ......
Baring PE India trims holding in Marico
Baring Private Equity Partners India (Baring PE India) has offloaded some of its stake in publicly listed consumer products company Marico Ltd, as it continues to liquidate its past portfolio in what is believed to be a precursor to a new fundraising process.Baring PE India, which is separate from Baring ......
NDTV forays into online wedding planning market with Special Occasions
Media firm New Delhi Television Ltd has forayed into the online wedding and festival planning market with the launch of its new venture named Special Occasions Ltd, as per a stock market disclosure.The newly floated venture has also raised $20 million an undisclosed amount in a funding round led by ......
SnapBizz gets $7.2M from Jungle, others for grocery automation play
SnapBizz Cloudtech Pvt Ltd, which provides an Android-based connectivity platform to local offline grocers, has raised $7.2 million (around Rs 48.7 crore) from Jungle Ventures, Taurus Value Creation and other VC firms.Konly Venture and Blume Ventures also participated in this round, the startup said in a statement.SnapBizz will use the ......
Online truck aggregators gear up for the long haul
It is around six in the morning on the Delhi-Haryana border, off National Highway 1, and Swami Nath Yadav is busy cleaning his truck as he prepares for a trip to Himachal Pradesh. Yadav, who has been driving trucks for a living for the last 20 years, says work has ......
Sunteck buys back Kotak Realty Fund’s stake in Goregaon project
Mumbai-based developer Sunteck Realty Ltd has bought back Kotak Realty Fund's stake in its 23-acre Sunteck City ......
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