Karnataka’s KITVEN fund backs IT predictability and assurance solutions firm Avekshaa

Bangalore-based Avekshaa Technologies Pvt Ltd, a provider of IT predictability and assurance solutions to BFSI and telecom verticals, has received an undisclosed sum in funding from Karnataka government-run VC fund, KITVEN, at an enterprise valuation of $8 million. The firm will use the funds to fur...

Sainul K Abudheen

Karnataka govt proposes to set up $2.5M angel fund

The Karnataka government has proposed to set up an angel fund worth Rs 15 crore ($2.5 million) to encourage new early-stage ventures operating across various verticals within the state. Presenting the state budget for the financial year 2013-14, new chief minister K. Siddaramaiah said the government...

Preethi J

Sloka Telecom Receives $0.6M From KITVEN

Bangalore-based Sloka Telecom, a broadband wireless access technology firm, has received its first round of venture capital funding from Karnataka Information Technology Venture Capital Fund (KITVEN). It has taken six months to close the deal. VCCircle first reported the deal was to take place in Se...