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SAP to acquire Cleartrip backer Concur Technologies for $8.3B

Friday, September 19, 2014 | More »

German enterprise software major SAP has entered into an agreement to acquire Nasdaq-listed Concur Technologies Inc., a travel and expense management solutions firm co-founded by its Indian origin chief Steve Singh, for approximately $8.3 billion. Concur is a key investor in Indian online travel ag...


Larry Ellison stepping down as Oracle CEO but not hanging up his boots yet

Larry Ellison, founder and chief of Oracle Corporation, has stepped down as the chief executive officer (CEO) of the global technology giant in what marks the end of an era for celebrity IT honchos, but said he will continue as an executive chairman of the board and as CTO of the firm, which should ...

19 September, 2014 |More »


Big Data IoT startup Altizon gets seed funding from The Hive, Infuse & Persistent

Altizon Systems Pvt Ltd, a Big Data-focused Internet of Things (IoT) startup based out of Pune, has closed an undisclosed amount in seed round of funding led by The Hive India, a Big Data-focused early-stage fund floated last year by Amit and Arihant Patni—the sons of one of the co-founders of Pat...

17 September, 2014 |More »

Srikant Sastri

Excl: SaaS analytics startup Crayon Data close to securing $2M from Jungle Ventures, Spring Seed, others

Chennai- and Singapore-based Big Data analytics startup Crayon Data Pte Ltd is in advanced talks to raise $2 million in additional funding from its existing investors, including Singapore-based Jungle Ventures and Spring Seed Capital, a top executive of Crayon told Techcircle.in. The company, whi...

15 September, 2014 |More »

Prajakt Raut

Offer ESOPs whenever you cannot pay market price to a talent

An employee stock ownership plan or ESOP is a very valuable currency which barely a few Indian startups use effectively. It is a very powerful tool and can be used effectively to build the foundation of a scalable enterprise. Here are a few reasons why startups should give importance to ESOPs Moneta...

11 September, 2014 |More »

Ajeet Khurana

Excl: IIT Bombay’s incubator SINE appoints Ajeet Khurana as CEO

Society for Innovation and Entrepreneurship (SINE), a startup incubator run by IIT Bombay, has appointed Ajeet Khurana as its CEO. He replaces Sushanto Mitra, who had quit as CEO of SINE in September 2012 to join Hyderabad Angels. “Over the next three years, we aim to accommodate at least 50 start...

10 September, 2014 |More »


PremjiInvest backs US-based Big Data-focused enterprise software firm DataStax

California-based software firm Datastax Inc which operates under the DataStax banner and manages databases, has raised $106 million in Series C funding round led by Kleiner Perkins Caufield & Byers (KPCB), as per a statement. Others who participated in this round include existing investors besid...

9 September, 2014 |More »

MercuryMinds logo

Excl: IT services provider MercuryMinds looking to raise $5M

Tamil Nadu-based IT services and solutions provider MercuryMinds Technologies Pvt Ltd is looking to raise around $5 million (Rs 30 crore) for its product development and growth, a top company executive told VCCircle. Formed in 2008 by S Rajaram, MercuryMinds provides online business solutions in e...

5 September, 2014 |More »


A quick look at the 3 social enterprises picked by Villgro incubator

Social enterprise incubator Villgro has added three more companies to its incubation and investment portfolio, including Healthypariwar, Scholowiz and Aindra Systems. Last year, Villgro had invested an undisclosed amount in four social enterprises- OneBreath, Ecozen Solutions, Artoo and Windmill Hea...

5 September, 2014 |More »


NTT hiking stake in Netmagic to 81.6% for $95M

The proposal of data centre solutions firm Netmagic Solution to increase the stake of its parent company Japan-based NTT Communications in it to up to 81.6345 per cent for Rs 575 crore has been approved by the Finance Ministry. NTT Communications provides consultancy, architecture, security and clou...

4 September, 2014 |More »

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