JustDial, India’s leading directory assistant company, has almost closed it’s second round of funding and it is said that New York based Hedge Fund Tiger Management may invest $15 million in the company. The company had received $12 million from SAIF Partners in October last year.(VCCircle)
Incase you still haven’t heard about the company, just dial [...]
BCCL which had earlier invested in EYantra has recently picked up 17% stake in HolidayIQ. HolidayIQ is also one of the two companies funded by Erasemic Ventures.
To keep in touch with more industry news, subscribe to this blog here.
CS | CEO Blog
Mobile content company Nazara Technologies, which has the mobile rights to cricketers like Sachin Tendulkar, Virender Sehwag and Mahender Dhoni is closing it’s second round of funding of close to Rs 32 crore this month.
The company has registered sales of Rs 15 crore this year and plans to complete Rs 35 crore of sales in [...]
It had been a long time since Cannan Partners had invested in a company. The last time, they had put it close to $9 million in BharatMatrimony.in. Recently, they have invested $2-3 million in a Delhi based startup which provides Remote Desktop services to their US and UK clientèle.
Deepak Karma, general partner, Cannan, elaborated that [...]
via ContentSutra, India’s Digital News Monitor, Published in Santa Monica, California, USA.
Intel Capital, the venture capital arm of chip maker Intel, has appointed Sudheer Kuppam as managing director for India, Japan, Australasia and South-East Asia. Kuppam replaces Kumar Shiralagi, who moved as MD of NEA IndoUS Vetures.Kuppam, formerly a director of Intel Capital’s Flash Memory [...]
KPIT Cummins announced yesterday that it has finalized negotiations with Cargill Venutures who is going to invest $4.5 million in the company, in addition to $4.5 million of warrants convertible to shares.
Cargill Ventures is a venture capital arm of Cargill Inc., a privately held company with operations in 63 countries and revenues of over $75 [...]
Rajesh Barnwal, from Aloo Techie.com has a really long post on the topic ‘Internet Businesses : Is the Boom real this time. The post lists the points which were discussed at the recent Venture Intelligence organized round table event called ‘Internet & Mobile Connect’ on venture capital investing in the internet-based services and the mobile [...]
Moveo systems, a Bangalore based startup has got its second round of funding from CEO’s of large Indian firms. The amount has not been disclosed. The raised amount would be used to set up a sales and marketing team.
Moveo had got a million dollars in seed funding last year.
The company has deployed m-CRM and m-coupons [...]
Mobile search company Ziva Software has raised $1.7 million in it’s first round of investing. Nadathur Holdings, a Bangalore based venture firm has funded the startup. Ziva is being incubated by IIM Bangalore’s - NSR-GIV center run by Nadathur S Raghavan Center for Entrepreneurial Learning.
Ziva Software has launched Zook which is accessible to WAP and [...]
Rajesh Jain (the IndiaWorld founder) has floated a venture fund called Emergic Ventures, which has already made it’s first investment in Mobifusion.com, a US based mobile content and applications company. Along with other investors, they have invested $3.1 million in the company.
In the winters of 1999, Rajesh Jai, (who also runs a blog called Emergic), [...]
