Network18 sells majority stake in Webchutney to Dentsu; Capital18 nets over 3x returns

Network18 Media & Investments Ltd (Network18) said its venture capital arm, Capital18, entered into an agreement with Dentsu India Group to divest its stake in the digital agency Webchutney Studio Pvt Ltd for an undisclosed amount. Capital18 generated a return of over 300 per cent on its investm...

Team TC

Mapping South India’s top sectors & opportunities at VCCircle Bengaluru Investment Summit on June 19; Register now

South India, which is reporting above-average growth compared to other regions, is witnessing new-age entrepreneurship and attracting a huge amount of domestic and foreign investments – thus creating a vibrant ecosystem for a large number of emerging companies across Karnataka, Andhra Pradesh, Tam...

Sainul K Abudheen

Turnaround Innovision offers 360-degree product views, sees opportunities in e-commerce

Bangalore-based Turnaround Innovision Solutions Pvt Ltd, which offers 360-degree views of products, sees a big opportunity in e-commerce and e-tailing, besides online matrimony and marketplace platforms in India. Founded in September 2012 by Sreepriya Koppula (CEO), an alumnus of IIT Kharagpur, Turn...

Brad Feld

It’s your job to improve your team

At this year’s NVCA meeting, my partner Jason Mendelson (who was the chair of the event) interviewed Dick Costolo, the CEO of Twitter. Dick is an awesome CEO, awesome human, and awesome interviewee. Among other things, he’s hilarious, and PandoDaily wrote a fun summary of the interview in the...

Sainul K Abudheen

Cloud firm 8KMiles buys FuGen for $7.5M; looking for more acquisitions in 2013

8KMiles Software Services Pvt Ltd, a California-headquartered cloud computing company founded by Indian origin entrepreneurs, has acquired FuGen Solutions, Inc., a provider of hosted PaaS-based identity federation services, for $7.5 million. Post-acquisition, FuGen will become a subsidiary of 8KMile...

Sonam Gulati

Network18’s digital content & e-com revenues slip 7.7% QoQ; HomeShop18 revenues up 250%, BookMyShow up 75% YoY

Network18 Media & Investments’ digital content and e-commerce business saw Q4FY13 revenues of Rs 110.4 crore, a 200 per cent growth from the same period last year but a 7.7 per cent fall on a quarter-to-quarter basis. Revenues for FY13 stood at Rs 400.9 crore, registering a growth of 193 per c...

Vikram Mehtani

Five tips on how entrepreneurs can ensure their business ideas don’t go bust

Having headed the finance function at the best of breed MNCs as well as startup companies, I have no reservations in confessing that both work on the two extremes of the financial jigsaw. While in typical MNCs, there is unwarranted focus (or ostentation, if I may say that) on processes, controls and...

Team TC

Calling South India’s top entrepreneurs for VCCircle Bengaluru Investment Summit; Register now

South India is emerging as a global centre for business and accounts for a large chunk of India’s GDP. Bengaluru is the fastest growing city in this region, with huge opportunities in infrastructure, healthcare, technology, real estate, education and cosmopolitan lifestyle while Kerala is coming u...

Rashi Varshney

Stelae upgrades content conversion software Khemeia, targets India’s BPO/KPO hub

Stelae Technologies, a software firm offering cloud-based content conversion software Khemeia, is looking to expand team, add more languages to its flagship product and gain more clients in India and the US, according to a top executive of the company. It is also planning to raise venture capital fu...

Sainul K Abudheen

Digital signal processing firm Ittiam ropes in Silicon Valley VC chief Lip-Bu Tan as board member

Bangalore-based Ittiam Systems Pvt Ltd, an embedded software and systems design company specialising in digital signal processing systems, has brought in Lip-Bu Tan, chairman of the Silicon Valley-based venture capital firm Walden International, to its board. Founded in 2001 by a team of experts fro...