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Money

Tech Mahindra to acquire 75% in Big Data startup FixStream for $10M

Monday, April 21, 2014 | More »

Tech_Mahindra_FixStream
Tech Mahindra Ltd has entered into an agreement to acquire 75 per cent stake in FixStream Network Inc (FSNI) for $10 million (Rs 60 crore), as per a stock market disclosure. FSNI is going to develop emerging technology which will benefit Tech Mahindra’s customer base, the statement said. Founded i...

Karthik-K-S

K Ganesh & Meena Ganesh acquire e-learning venture avagmah; close to raising $16M for Asia expansion

avagmah, an online education services company acquired recently by serial entrepreneurs K Ganesh and wife Meena, is close to raising Rs 100 crore (over $16 million) for expansion to Sri Lanka, Malaysia, Indonesia and the Middle East. According to a company spokesperson, avagmah is already in talks w...

18 April, 2014 |More »

Function-Space

Nexus Venture Partners makes seed investment in social learning network Function Space

Pune-based Function Space Labs Pvt Ltd, which provides a collaboration and learning network for students, researchers and enthusiasts in Mathematics, Physics and other sciences, has closed a seed round of funding from Nexus Venture Partners. The funding will help the company expand content and devel...

17 April, 2014 |More »

Marc Andreessen

Marc Andreessen’s 15-tweet crash MBA in how to invest in tech startups, take it now!

Legendary tech entrepreneur and Silicon Valley venture capital investor Marc Andreessen this morning posted a series of tweets (@pmarca) on what to look for investing in a tech startup. Valuing a tech startup is not about looking at future cashflows of past products, it should be about future produc...

17 April, 2014 |More »

IndiaHomes

Real estate broking portal IndiaHomes raises $24.9M from New Enterprise Associates, others

Gurgaon-based India World Technologies Pvt Ltd, the company that owns and operates the real estate broking portal IndiaHomes.com has raised Rs 150 crore ($24.9 million) from New Enterprise Associates (NEA). Existing investors Helion Venture Partners and Foundation Capital also participated in the ro...

17 April, 2014 |More »

Smile_Group

Smile Group forms $100M JV with PE giant TPG to help businesses roll out operations in Asia & Africa

Gurgaon-based Smile Group, which owns and operates various properties in the consumer and internet media space, has formed a joint venture (JV) with TPG Growth, the equity investment arm of private equity giant TPG Capital, to build businesses across Asia Pacific and the Middle East & Africa (ME...

16 April, 2014 |More »

Swipe-Telecom

Kalaari Capital invests over $4.9M in tablet maker Swipe Telecom

Pune-based tablet and phablet (smartphones with large displays) maker Swipe Telecom has raised $4.9 million (Rs 30 crore) in venture capital funding from Kalaari Capital. The funds will be deployed in expanding the company’s reach in the Indian market. “With this round of funding, Swipe ...

16 April, 2014 |More »

Tiger-Global-Management

Tiger Global raises $1.5B in eighth global VC fund

Tiger Global Management LLC, the hedge fund cum early stage tech investment firm which has been one of the most aggressive backers of Indian tech firms with investments in firms such as Flipkart and Myntra, has raised $1.5 billion in its eighth global venture capital fund focused on later-stage, pri...

16 April, 2014 |More »

yatra-logo

Yatra.com raises $23M in a new round from IDG Ventures and Temasek’s VC arm Vertex

Gurgaon-based Yatra Online Travel Pvt Ltd, the company behind the online travel portal Yatra.com, has raised Rs 140 crore ($23 million) led by IDG Ventures and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek. Existing investors including seed investor...

16 April, 2014 |More »

doozton-logo

Snapdeal acquires fashion products discovery platform Doozton

Delhi-based Jasper Infotech Pvt Ltd, which runs the online marketplaceSnapdeal.com, has acquired Doozton.com, a curated and socially-nurtured fashion shop that offers hand-picked fashion-finds and seeks to help people make better shopping decisions and discover fitting apparel. The details of the ...

16 April, 2014 |More »

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