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Author Archive ‘ Anil Das ’

Mahindra Satyam & Japan’s SBI Holdings To Set Up $50M Technology Investment Fund

Tuesday, February 21, 2012 | More »

Computer services firm Mahindra Satyam is joining hands with Japan’s SBI Holdings Inc to launch a $50 million (Rs 250 crore) fund to invest in information, communications and technology companies globally, the company has disclosed in a statement to the Bombay Stock Exchange today. Both partners w...

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Cloud Computing Firm Nivio Secures $21M From AEC Partners, Videocon Group

Cloud computing firm nivio, which allows subscribers to rent software applications from companies like Microsoft and Adobe, has secured $21 million (Rs 104 crore) from the Videocon Group and AEC Partners, a US-based private equity firm specialising in technology investments, the company has said in ...

10 February, 2012 | More »

Tulip Telecom Raises $51M In Mezzanine Funding

Tulip Telecom Ltd, an enterprise data services provider which is backed by Singapore’s sovereign wealth fund, has raised Rs 250 crore($51 million) through mezzanine funding from an unnamed financial institution, the company said on Wednesday. The money will part fund the Rs 900 crore investment st...

8 February, 2012 | More »

VC-backed Persistent Systems Acquires Location Biz From Openwave

Pune-based Persistent Systems Ltd has acquired the ‘Location’ business of California’s mobile Internet software solutions company Openwave Systems, Inc., for an undisclosed sum, the company has disclosed in a statement. Although details of this ‘Location’ business and the number of peo...

3 February, 2012 | More »

Seedfund Acquires Minority Stake In Fashion E-tailer HandsPick.com

Seedfund, an early-stage venture capital fund with operations in Mumbai, Bangalore and New Delhi, has invested an undisclosed sum to acquire a significant minority stake in HandsPick.com, a fashion apparel and accessories e-commerce brand owned by Delhi-based start-up Intuitent Online Venture Pvt Lt...

20 January, 2012 | More »

Canaan Partners Raises $600M Global Fund; To Invest In Tech, Healthcare Cos

Silicon Valley-based venture capital firm Canaan Partners has raised a $600 million (Rs 3,198 crore) fund Canaan IX to invest in technology and healthcare companies, the company has disclosed in a statement today. Two-third of the newly raised fund will be used to fund digital media, Internet, mobil...

10 January, 2012 | More »

Balaji To Sell Media Education, Mobile Content Biz For Rs 8.37Cr

Content production house Balaji Telefilms Ltd has inked a deal to sell its media education and mobile content business to an undisclosed buyer for Rs 8.37 crore, the company has said in a statement to the Bombay Stock Exchange. Balaji had announced its intent to sell the New Media and training divi...

2 January, 2012 | More »

Status Check On One-Year-Old Groceries E-com Site MyGrahak.com

It’s been one year for online grocery retailing site MyGrahak.com and the site is already aiming big numbers in revenue by 2015 and claims to have hit a decent traction despite competition from Aaramshop and new players such as Zopnow. Here’s a look at some quick stats that the company has discl...

2 January, 2012 | More »

Micromax Appoints Deepak Mehrotra as CEO

Homegrown mobile handset company Micromax Informatics Ltd has made major top management changes by appointing Deepak Mehrotra as the new chief executive officer besides hiring other senior people from Sony Ericson and HTC to lead its smartphone and feature phone business units. Till date, privately ...

27 December, 2011 | More »

Software Firm ScaleArc Raises $5.33M From Trinity, Nexus Ventures

Mumbai and Silicon Valley-based database infrastructure software maker ScaleArc has secured $5.33 million in its second round of institutional funding, led by Trinity Ventures. Existing investor Nexus Venture Partners also took part in the round. The proceeds will be used to scale up operations in t...

23 December, 2011 | More »

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