CloudByte raises $4M Series B round led by Fidelity Growth Partners; Nexus, Kae also participate

Bangalore and California-based cloud storage firm CloudByte Inc. has raised Series B round of funding worth $4 million, led by Fidelity Growth Partners India, the private equity arm of Fidelity Worldwide Investment. Existing investors Nexus Venture Partners and Kae Capital also participated in the r...

Sainul K Abudheen

Accel Partners raises $100M for second Big Data fund

Venture capital firm Accel Partners has raised an additional $100 million fund for investment in Big Data companies. This follows a previous fund with a similar corpus. Accel has also added Anthony Deighton, CTO of QlikTech Inc., and Shlomo Kramer, CEO of Imperva, to the Big Data Fund Advisory Counc...

Sainul K Abudheen

BrizzTV ties up with Airtel DTH to bring movies without ad breaks; what it offers

BrizzTV Media Lab Pvt Ltd, a digital media startup that brings web content onto the television screen without internet connectivity, has partnered with Airtel DTH to enable viewers to watch premium movies for free on a reduced screen space without any commercial break. However, viewers can opt out o...

Anand Rai

Dell India appoints Alok Ohrie as president and MD

Dell India has named Alok Ohrie as its president and managing director. In this role, Ohrie will be responsible for driving the company’s growth in the Indian market as well as developing and delivering end-to-end solutions for global and Indian corporations, and state governments. “India is str...

Bhawna Gupta

Microsoft elevates Karan Bajwa as India MD

Microsoft has appointed Karan Bajwa as the new managing director of its sales and marketing group (SMSG) which means he will be heading Microsoft Corporation India Pvt Ltd. Microsoft also has separate firms which do research and handle offshore services and are headed by different executives. Bajwa ...

Sainul K Abudheen

Cloud-based online education startup Aurus claims 30 clients; looking to double it by Dec

Bangalore-based Aurus Network Infotech Pvt Ltd, which provides a cloud-based platform for video creation, management and distribution in the educational sector, has bagged more than 30 customers since it started operation, a top executive told Techcircle.in. Founded in 2010 by Piyush Agarwal, an alu...

Sainul K Abudheen

Analytical app developer Nanobi wins Microsoft BizSpark India Startup Challenge 2013

Bangalore-based Nanobi Data and Analytics Pvt Ltd, a startup which develops analytical solutions for enterprises, has won the Microsoft BizSpark India Startup Challenge 2013, a platform to identify and promote startups operating in the mobile as well as cloud computing verticals. Delhi-based Threads...

Gaurav Sharma

For Indian IT firms, redefined cross-border M&A goals critical for enterprise value

Cross-border M&A is nothing new for the Indian IT services industry. The difference between cross-border M&A of the past and what is needed now is that the goal must change. In the past, size alone helped drive enterprise value with acquisitions designed to acquire horizontal offerings, scal...

Team TC

Chetan Maini from Mahindra REVA on the ‘how’ and ‘why’ of innovation for Indian businesses at VCCircle Bengaluru Investment Summit 2013; register now

VCCircle Bengaluru Investment Summit, now in its 5th edition, will be held on June 19 and will host a special session on scaling up businesses’ sustainably at a rapid pace and the key ingredients that drive it. With key insights from Chetan Maini, founder, Mahindra REVA, the special interview w...

Rashi Varshney

Zoho launches social networking tool, password manager and iPhone app for Indian market

After unveiling a business card scanning app for iPhone in May this year, Zoho Corporation, an enterprise tech firm founded in India with its headquarters in California, has launched three more products for businesses in the Indian market. These three products are Zoho Pulse, an online social networ...