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Happiest Minds hits annualised revenue run-rate of $50M; 100+ customers to end FY15

Monday, April 27, 2015 | More »

Bangalore based digital domain focused IT services startup Happiest Minds Technologies said on Monday that it ended the last fiscal with annualised revenue run-rate of $50 million and achieved break-even last quarter. This essentially means it clocked revenues of around $4.2 million or around Rs 26 ...


Infosys invests $2M in US-based clean-tech startup Airviz, launches incubator, to buy m-commerce enabler Kallidus

After enhancing its startup fund five-fold to $500 million in January, Infosys has now committed its second early stage investment – $2 million in US-based personal air quality monitor Airviz. The first investment from the fund christened ‘Infosys Innovation Fund’ was $15 million in in a s...

24 April, 2015 |More »


Business expense management tool startup Happay raises $500K from AngelPrime

Bangalore-based VA Tech Ventures Pvt Ltd, the company behind business expense management tool venture Happay, has raised $500,000 (Rs 3.1 crore) from seed-stage VC firm AngelPrime, it said on Thursday. The company will use the funding in product development, sales & marketing and hiring people. ...

23 April, 2015 |More »


Freshdesk raises $50M in Series E funding from Tiger Global, Accel & Google Capital

Chennai- and US-based Freshdesk Inc, a provider of SaaS-based customer support platform for enterprises, has raised $50 million (Rs 314 crore) in Series E round of funding from its three existing investors. Tiger Global led the investment with Accel Partners and Google Capital also participating in ...

20 April, 2015 |More »


Piramal to buy majority stake in cloud-based health information network HealthHiway

Piramal Enterprises Ltd has inked a pact to buy majority equity stake in Health SuperHiway Pvt Ltd, a privately held health information network and analytics firm owned by promoters of India’s top hospital chain Apollo Hospitals Enterprise Ltd, it said on Friday. The firm runs its operations u...

17 April, 2015 |More »


Japanese VC firm Rebright Partners to step up Indian operations

Tokyo- and Singapore-based venture capital firm Rebright Partners, which  focuses on seed to early stage investing, is looking at ramping up its Indian operations. The firm, which entered the country last year, has roped in Brij Bhasin from startup accelerator GSF to lead its activities in the coun...

16 April, 2015 |More »


Big Data firm Antuit acquires Chicago-based analytics firm Prognos

Singapore-headquartered Big Data and analytic firm Antuit Holdings Pte Ltd, set up by an Indian origin founder and with an office in Bangalore, has acquired Chicago-based analytics company Prognos, the company said in a press release. The deal amount is not disclosed. The acquisition will help Antui...

15 April, 2015 |More »


Zomato buys cloud-based PoS system; to help restaurants manage inventory, payments

Gurgaon-based Zomato Media Pvt Ltd, which owns the restaurant and event-listing site Zomato.com, has acquired MapleGraph Solutions Pvt Ltd, which operated a point-of-sales business, for an undisclosed amount in what is its first acquisition outside its core business of restaurant listings and revi...

14 April, 2015 |More »


Hotel booking enabler Commeasure raises $1M seed funding led by Jungle Ventures

Commeasure Solution India Pvt. Ltd., which runs a B2B platform helping hotels develop their direct booking systems, has raised $1 million (Rs 6.2 crore) in seed funding led by Singapore-based early stage investor Jungle Ventures, according to a press release. The proceeds from the funding will be us...

13 April, 2015 |More »


SaaS-based interactive guide creator Whatfix raises $900K from Helion, others

Bangalore based Quicko Technosoft Labs Pvt Ltd, which runs a SaaS platform under the Whatfix brand that allows users and businesses to create interactive help guides on their websites, has raised Rs 5.5 crore ($900,000) in a seed funding round led by Helion Venture Partners. Powerhouse Ventures, G...

10 April, 2015 |More »

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