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Flashback 2016: InMobi grapples with top-level exits, losses

On New Year’s Day, India’s first ‘unicorn’ InMobi will turn 10 years old. But that milestone doesn’t necessarily mean celebrations are in order, for it had a forgettable 2016, what with the failure of its discovery-led mobile commerce platform Miip, exodus of talent and a chopp...

30 December, 2016 | More »

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Flashback 2016: C-suite reshuffle, legal tangle mark year of upheavals at Mu Sigma

One of India’s earliest unicorns, Mu Sigma Inc. saw everything from controversy to exits to legal drama in the last 12 months. The company, which has raised $211 million so far from investors such as MasterCard, Sequoia Capital and General Atlantic, is valued around $1.5 billion and is the only pr...

29 December, 2016 | More »

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Top 3 fintech mega trends impacting alternative asset management industry

The key trends in the alternative asset management industry are all interrelated and represent a shift away from incumbent players reliant on largely analogue business models (i.e., those dependent on capital, people and specific locations) to a new set of digital disruptors. These disruptors will b...

28 December, 2016 | More »

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Innoplexus raises funds from Germany-based VC fund

Innoplexus, Germany- and India-based consulting-led technology and product development firm focused on big data and analytics, has raised an undisclosed amount in pre-Series A funding from HCS, a Germany-based venture capital fund. The company will use the funding to file more patent applications, f...

22 December, 2016 | More »

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Exclusive: AsoCon raises seed investment from Quarizon

Process management startup AsoCon Outsourcing India Pvt. Ltd. has raised an undisclosed amount of seed investment from early stage investment firm Quarizon. “We would also be providing shared services to Quarizon’s investee companies,” Sanjay Nagi, the founder and chief executive of AsoCon...

22 December, 2016 | More »

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Practo makes fifth acquisition, buys analytics startup Enlightiks

Practo Technologies Pvt. Ltd, a web-based clinic management software developer, has acquired US-based data analytics firm Enlightiks Inc. and its Indian operations in a cash-and-stock deal. The deal, which includes the acquisition of Bengaluru-based Enlightiks Business Solutions Pvt. Ltd, is valued ...

16 December, 2016 | More »

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Saksoft to buy majority stake in DreamOrbit to strengthen IoT play

Chennai-based IT company Saksoft Ltd has agreed to acquire a 60% stake in Bengaluru-headquartered Internet of Things (IoT) startup DreamOrbit Softech Pvt Ltd for an undisclosed amount. DreamOrbit, focused on the logistics and transportation industries, develops software for logistics services provid...

16 December, 2016 | More »

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Cloud infrastructure provider Pi Datacenters raises $23 mn

Pi Datacenters Pvt. Ltd, which provides data centre and cloud services, said on Thursday it has raised Rs 154 crore ($23 million) from Epsilon Venture Partners and an Australian private equity group in a Series A round of funding. The funds raised will help the company roll out its first few data ce...

15 December, 2016 | More »

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Media-tech firm Amagi raises $35 mn in Series D round

Amagi Media Labs Pvt. Ltd, which provides targeted TV advertising services, has raised $35 million (Rs 237 crore) in its Series D round of funding from KKR-backed investment firm Emerald Media and existing investor PremjiInvest, the investment arm of Wipro Ltd chairman Azim Premji. Existing investor...

15 December, 2016 | More »

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Mogae Media acquires ad-tech platform Ngage

Mumbai-based digital marketing company Mogae Media Pvt. Ltd has acquired Ngage, the ad-tech platform of Nimbuzz BV, a Netherlands-based over-the-top (OTT) content firm. The all-stock deal is valued at Rs 40 crore (around $6 million), The Economic Times reported. “Ngage is a cross device ad platfor...

14 December, 2016 | More »