Sequoia leads $12.25 mn funding round in SirionLabs
SirionLabs Pvt. Ltd, an enterprise software-as-a-service provider that helps companies manage services contracts, has raised $12.25 million (Rs 82 crore) in a Series B round led by existing venture capital investor Sequoia Capital. QualGro ASEAN Fund and Canopy Ventures also invested in this round, the Gurgaon- and Michigan-based company said in ......
Prizm Payments Raises $8M More From Sequoia Capital
Venture capital firm Sequoia Capital has invested $8 million in Chennai-based Prizm Payment Services Pvt Ltd, an electronic payment service provider. With this additional funding, Sequoia has invested a total of $15 million in the company till date.“The proceeds will be utilised to set up more automatic teller machines and ......
LafargeHolcim to sell Lafarge India to Nirma for $1.4 bn
LafargeHolcim Ltd said on Monday it has agreed to sell Lafarge India Pvt Ltd to Nirma Ltd for $1.4 billion (Rs 9,400 ......
VCCircle Deal Outlook 2010: PE/VC Players Predict End Of Dull Phase
Bruised, battered and battle-weary, Indian dealmakers have scraped through the economic event that was 2009 and, it has been nothing short of “survival of the fittest”, a term made famous by evolutionary biologist Charles Darwin, for many. After a long winter, that engulfed most part of the year, deal-makers are ......
AppsDaily raises $2 mn in bridge round from Kalaari, others
Mobile app development and distribution company AppsDaily Solutions Pvt. Ltd has raised $2 million (around Rs 13.5 crore) in a bridge round of funding, regulatory filings show.The Mumbai-based company received funding from existing investors Kalaari Capital, Qualcomm Ventures, Russian venture capital fund ru-Net and Zodius Technology Opportunities Fund, shows information ......
Flipkart taught me to take risks and think big: Ankit Nagori
After Sachin Bansal, co-founder and executive chairman, and Binny Bansal, co-founder and CEO of Flipkart, Ankit Nagori's was perhaps the most well-known face at the e-commerce company. Starting off in 2010 as a 24-year-old manager at India's hottest consumer internet company, Nagori rose to become chief business officer in 2015.Along ......
Online drug marketplace 1mg buys labs aggregator Medd.in
Online drug marketplace 1mg has acquired Medd.in, a platform that operates a marketplace to book diagnostic and imaging tests, for an undisclosed amount. “Together with Medd, we see a unique opportunity to amplify our leadership position and enter new geographies as well as the radiology segment,” said Prashant Tandon, CEO at ......
ASK Property exits ATS housing project for $40.5 mn
ASK Property Investment Advisors, the real-estate private equity arm of financial services firm ASK Group, said on Monday it has exited its investment in a housing project of ATS Infrastructure Ltd in Gurgaon for Rs 270 crore (about $40.5 million).The exit from the ATS Tangerine project, in which ASK Property ......
Social networking platform for parents Parentlane secures angel funding
Bangalore-based Discovery Info Labs Pvt. Ltd that operates social networking mobile app for baby-care and parenting ParentLane has raised an undisclosed amount in angel funding from a clutch of investors led by Sujeet Kumar, former president (operations), Flipkart, it said in a statement.The other investors who participated in the round ......
Happiest Minds breaks even in FY16; plans takeovers to boost growth
Software services provider Happiest Minds Technologies Pvt. Ltd is looking for acquisitions to accelerate growth after breaking even in the year through March 2016 for the first time since its inception in late 2011, founder Ashok Soota said.Soota didn’t share details of the company’s profit but said revenue grew 27% ......
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